PIT - KNOWLEDGE FIRST OFFICER 28 JULY 2021 END

Which of the following statement is NOT TRUE for L&C Roles & Responsibility in PETCO?

• Support projects related to trading initiatives.

• Provide the best freighting strategy to Internal Customers

• Chartering vessels on behalf of Internal Customers

• Managing counterpart risk using Risk Tools

Which services is NOT provided by MISC Maritime Services (MMS)

• Ship Vetting

• Ship Screening

• Ship Building

• Ship Inspection

What COA means in Logistics/Shipping?

• Competitive Operating Agreement

• Contract of Affreightment

• Certificate of Acceptance

• Current Operating Allowances

Shipowner are responsible to pay for _______ in Time Charter

• Crew Salary

• Bunker

• Charter Hire

• Demurrage

__________ are payable to Shipowner for voyage charter contract

• Freight

• Bunker

• Port Charges

• Charter Hire

Which statement is NOT TRUE about Time Charter

• No exposure on potential idling days as vessel being chartered based on agreed laycan

• Almost fixed voyage cost

• Provide greater flexibility under which the contract involves the transport of a specific cargo

• No exposure to market volatility throughout the contract period

"A contract which the vessel to perform consecutive voyages within the agreed period from a specified loading range to a specified discharge range."

Which type of contract does the statement above referring to?

• COA

• CVC

• Time Charter

• Bareboat Charter

Which one is the correct sequence for sales of goods

• Orders - Acceptance - Consideration - Intention

• Offers - Acceptance - Consideration - Intention

• Offers - Consideration - Acceptance - Intention

• Intention - Offers - Acceptance - Consideration

What does CIF stands for?

• Cost, Insurance & Freight

• Cost Including Freight

• Cost and Freight

• Carriage in Freight

What are the three (3) main elements in freight Cost

• Freight + Demurrage + Agency Fees

• Charter Hire + Demurrage + Laycan

• Inspection Fees + Bunker + Port Cost

• Charter Hire + Bunker + Port Cost