ITT Exercises - Freight Transportation.pdf

In witness whereof the number of original bills of

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incorporated, notwithstanding the non-signing of the bill of lading by the merchant. In witness whereof the number of original bills of lading stated below all of this tenor and date has been signed, one of which being accomplished the others to stand void. Movement CFS/CFS Currency USD Charge Rate Basis WT/MEA/VAL Payment Amount Place and Date of Issue: Toronto, Sailing Date Freight Payable at: Destination Number of original Bs/l: 0 Total Freight Prepaid Total Freight Collect $$$$ Total Freight $$$$ Signature by Carrier or Agent: , as agent for the carrier, Consol. R Us NVOCC
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Answers Ocean Freight Page | 183 2017 CONTAINER RIDER FOR: XSSL 765765-1 Seal #: 00987 LXSS 567567-2 Seal #: 00988 SXLS 667755-5 Seal #: 00989 DATE: Date of Loading VESSEL/VOY.: S.S. Minnow TYPE: 3 x 40-ft Standard Containers Containers Voy.# 08S SHIPPER CONSIGNEE PIECES VOLUME WEIGHT COMMODITY Ontario Baby Bebes R Ci S.A. 1,200 cartons 50.976 m 3 16,330 kg Baby formula Supplies Ltd. 134 Norde Calle FBL#: CF4801-1 147 Queen St. Valparaiso, CHILE CPT Valparaiso, Incoterms® 2010 Brampton, ON, M5R 2S4 Freight prepaid CANADA Loaded into: SXLS 667755-5 Paper Recyclers Inc. Zapata Importers SA 1,000 Cartons 127.44 m 3 5,443 kg Toilet paper 468 North Dr. Valparaiso, CHILE FBL#: CF4801-2 Mississauga, ON, L3T 5S1 CADADA FCA Paper Recyclers, Incoterms® 2010 Freight collect Loaded into: XSSL 765765-1 = 490 pcs LXSS 567567-2 = 490 pcs SXLS 667755-5 = 20 PCS As declared by shipper PIECES: 2,200 pcs VOLUME: 178.416 m 3 WEIGHT: 21,773 kg
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Answers Ocean Freight Page | 184 2017
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Questions Terms of Trade Page | 185 2017 Exercise 6.1 (Question) 1. For a term of trade to be appropriate, what two (2) important issues must be addressed? 2. What is the primary responsibility of the freight forwarder when advising their client about Incoterms ® 2010 rules? 3. When using the FOB term, why should a freight forwarder be thorough in their probing? 4. As a freight forwarder, what should you advise your customer in the event that they are not controlling the freight and the seller/supplier arranges the freight? 5. Incoterms ® 2010 influence contracts of carriage, insurance and finance. Are Incoterms ® 2010 effective when dealing with services? 6. Each trade term used in a sales contract should be accompanied by the words “Incoterms ® 2010” or the relevant version. Why? 7. What considerations were taken into account by the ICC when revising Incoterms ® 2010? 8. Are the Incoterms ® 2010 enforceable through the courts and incorporated into Canadian law? 9. Incoterms ® 2010 are divided into four main groupings. What are they? 10. Name the 2 divisions for the rules under Incoterms ® 2010. 11. Name the terms that fall under the rules for any mode or modes of transport. 12. Name the terms that fall under the rules for sea and inland waterway transport. 13. Describe the following terms: EXW (Ex Works): CIP (Carriage and Insurance Paid to): DAT (Delivered At Terminal): DAP (Delivered At Place): CIF (Cost, Insurance and Freight): FCA (Free Carrier): DDP (Delivered Duty Paid): CPT (Carriage Paid To): CFR (Cost and Freight): FOB (Free On Board): FAS (Free Alongside Ship):
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Questions Terms of Trade Page | 186 2017 Exercise 6.2 (Question) 1. For the following three Incoterms ® 2010, name the party that bears the COST for the listed stages of a shipment: buyer ( B ) or seller ( S ).
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  • Fall '18
  • Jane Smith
  • freight forwarder, Commercial item transport and distribution, CIFFA, Ocean Transportation Intermediary

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