OMGT2088 Online Class-test 1 - Aditya Dinesh Seth.pdf -...

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1 RMIT Classification: Trusted RMIT UNIVERSITY – MELBOURNE CITY CAMPUS, AUSTRALIA School of Accounting, Information Systems and Supply Chain OMGT2088 INTERNATIONAL LOGISTICS Class Test 1 Duration: 120 minutes INSTRUCTIONS 1. Answer ALL questions. 2. Be honest , no communication via electronic means with other students Student’s name: Aditya Seth Student’s ID: s3751759
2 RMIT Classification: Trusted SECTION A: TRUE/FALSE STATEMENTS For each of the following statements, checkthe TRUE box if you think the statement is correct, or FALSE box otherwise (0.5 marks each). SQ Statements True False 1 Piggyback transport refers to the transfer of containers from trucks to railcars. 2 The efficiency of intermodal transport services does not depend on the coordination of transport service schedules and operations since ‘just in time’ arrival of shipments is not required. 3 Supplier or brand specification is not considered a serious procurement problem. 4 Sea transport is suitable for low-value high-volume cargo over long distances. 5 Under the DDP term in Incoterms 2020, the seller fulfills his responsibility when the vessel, with cargo onboard, arrives the port of discharge. 6 Intermodal transport refers to the movement or transfer of freight and/or passengers on two or more transport vehicles, such as from a small ship to a bigger vessel. 7 Under the FOB term in Incoterms 2020, the seller is responsible to charter the ship and pay for ocean freight to transport his cargo to the port of destination. 8 For a computer manufacturer such as Dell, ink toners for printers that the company purchases are considered commodities . 9 The use of EX WORKS term in Incoterms 2020 implies the maximum responsibility for the buyer in international trade. 10 The use of Incoterms is legally binding but practically not imposed in international trade. 11 Under the CIF term in Incoterms 2020, the seller fulfills his responsibility when the cargo is loaded onboard the vessel at the port of loading. 12 The use of an Incoterm in the contract of sales has no relationship with who shall be the charterer in the contract of carriage. 13 In international trade, payment by an L/C does not enable the exporter to access funds before payment is made by the importer. 14 For a shipping company such as Australian National Line which does not have a trucking fleet on their own, trucking service that the company purchases from Lindfox to provide their customers with door-to-door services are considered distinctives . 15 In an integrated logistics system, the choice of transport mode has direct impacts on inventory and storage costs. 16 Transport cost is the most important logistics cost element upon which an optimal logistics solution is based. 17 A firm must keep high level of inventory to provide customers anything they want at any time and place they want. 18

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