Module 2 — Transport and Export

Module quiz

5 questions on Module 2 — Transport and Export. Answer them all, then check your score before moving on. 4 correct or more is a pass. Your best score is saved on this device, and to your account when you are signed in. This is a self-check, not an accredited assessment.

1. 1. Under FOB (free on board), what does the seller pay for?

   Ocean freight and import dutyAll costs and risks until the goods are on board the vessel at the origin port; the buyer pays main carriage and beyondNothing after the goods leave the factoryInsurance to the buyer's warehouse

2. 2. The certificate of origin was requested after the vessel sailed. What is the consequence?

   Customs at destination may hold the goods or refuse preferential duty — costly delay and possibly penaltyNone; the invoice is enoughOnly the buyer's broker is affectedThe goods return automatically

3. 3. How should the ex-factory date be set for a shipment with a confirmed booking?

   Whatever date production finishesBackwards from the container yard cut-off, allowing time for carton pack-out, audit and inland transportOn the same day as the cut-offAfter asking the forwarder to wait

4. 4. What three roles does a bill of lading play?

   Invoice, tax form and insurance policyReceipt for the goods, evidence of the contract of carriage, and document of title that controls release of the cargoQuality report, customs form and packing listOnly a transport receipt

5. 5. The commercial invoice shows 4,800 pieces but the packing list shows 5,000. What does this cause?

   Nothing; customs uses the larger numberA customs query or hold — documents must be consistent with each other and with the goodsAn automatic fine in every countryOnly a buyer complaint