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Freight fowarder terminalogy and phrases

Quiz by Sandra Henao

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28 questions
Show answers
  • Q1
    What does the term 'Bill of Lading' refer to in freight forwarding?
    A type of insurance policy for cargo
    A tracking number for shipments
    A document that serves as a receipt for goods and a contract for transportation
    A government document for customs clearance
    30s
  • Q2
    What is the purpose of an 'Air Waybill' in freight forwarding?
    To serve as a contract between the shipper and the airline and as a receipt for the cargo
    To calculate the duties and taxes on imported goods
    To provide a schedule for freight arrival
    To list all items in a shipment for customs clearance
    30s
  • Q3
    What does the term 'Customs Clearance' mean in the context of freight forwarding?
    The preparation of freight documents before shipping
    The tracking of shipments during transport
    The process of submitting documents and paying duties to allow goods to enter or leave a country
    The negotiation of shipping rates with carriers
    30s
  • Q4
    What is meant by 'FOB' in freight forwarding terminology?
    Fuel Oil Bunker, related to ship fuel costs
    Free Of Baggage, implying no cargo fees apply
    Freight On Billing, referring to the billing process for freight services
    Free On Board, which indicates when ownership and responsibility for goods transfer from seller to buyer
    30s
  • Q5
    What does 'LCL' stand for in shipping terms?
    Less than Container Load, referring to shipments that do not fill a standard shipping container
    Last Cargo Loading, which denotes the final shipment process
    Large Cargo Load, referring to oversized shipments
    Local Cargo Logistics, indicating a domestic shipping strategy
    30s
  • Q6
    What is the role of a 'Freight Forwarder' in international shipping?
    To manufacture products for export
    To provide financial services for international transactions
    To arrange the logistics of transporting goods on behalf of shippers
    To inspect goods for quality and safety before shipment
    30s
  • Q7
    What does 'DDP' stand for in shipping terms?
    Detailed Delivery Plan, describing the schedule for shipment arrival
    Delivered Duty Paid, meaning the seller is responsible for all costs until the goods reach the buyer
    Delivery Documentation Process, referring to the paperwork required for delivery
    Drop Delivery Point, indicating the location for unloading shipments
    30s
  • Q8
    What does 'CONSOL' refer to in freight forwarding?
    A consolidation of multiple shipments into a single shipment to reduce costs
    A term for customs clearance procedures
    A document for tracking shipment progress
    A type of insurance for cargo loss
    30s
  • Q9
    What does 'TEU' stand for in the context of container shipping?
    Tonnage Employment Utilization, measuring cargo weight
    Twenty-foot Equivalent Unit, a standard measurement for container capacity
    Total Estimated Units, referring to the number of goods being shipped
    Transport Equipment Use, indicating the utilization of transport carriers
    30s
  • Q10
    What is the meaning of 'Incoterms' in international trade?
    International Commercial Terms that define the responsibilities of buyers and sellers
    A list of customs duties imposed on imported goods
    A certification standard for freight forwarders
    A set of guidelines for maritime shipping regulations
    30s
  • Q11

    Customs Clearance

    The process of passing goods through customs to enter or leave a country.

    30s
  • Q12

    ETA (Estimated Time of Arrival

    The date and time when a shipment is expected to arrive.

    30s
  • Q13

    Cargo

    Goods carried on a ship, plane, or truck.

    30s
  • Q14

    Quotation/Quote

    A price estimate for services

    30s
  • Q15

    Transit Time

    The duration a shipment takes to reach its destination.

    30s

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