Quiz 3: Documentations / Loss Mitigation

Which of the following is NOT usually stated on Bill of Lading ?

• Consignor

• Consignee

• Vessel name and Master

• NORT date

Which of the following is NOT the function of Bill of Lading ?

• An evidence that the cargo has been loaded on board vessel

• It contains or evidences the contract of carriage

• It is a document of title which identifies who can demand the goods at the discharge port

• It shows quality of the loaded cargo

What is the function of “Certificate of Quality” ?

• To show quality of cargo loaded / to be loaded

• To show quantity of cargo loaded / to be loaded

• Document detailing the timeframe & activities during loading/ discharging operations

• To show origin of cargo

As far as ‘TIME SHEET’ is concerned, generally it is NOT being used for?

• Claims purposes, namely demurrage

• Monitoring of vessel performance

• Sometimes being used for determination of payment due date

• To show that the cargo is meeting the guaranteed specifications

What is the function of “Certificate of Origin” ?

• To show quality of cargo loaded

• To show quantity of cargo loaded

• To show the type of material cargo originated from

• To show the place origin of cargo

What is the primary roles of Forwarding Agent ?

• Liaising with Kastam for Import / Export declaration / documentation

• Forwarding the Emails back-and-forth between the Terminal & The Charterer

• Liaising with terminals on the documentation

• Liaising with the Surveyors

What are the main objectives for practicing a sound Loss Mitigation plan?

• To take appropriate preventive measures & executing corrective actions with the aim to avoid / limit losses

• To avoid being penalized in PPA

• To practice PETRONAS cultural belief, namely SPEAK UP

• To ensure that cargo is meeting the specifications

What is transit loss for vessel ?

• Defined as the difference between net vessel volumes after loading at the loading port & before unloading at the discharge port.

• Violent impact of two or more vehicle or vessels on roads or at high sea or at port

• Losses incurred as a result of petty theft

• The act of spillage that have adverse effect on the environment including human, animal & plant life.

What is Pilferage / Syphoning ?

• Defined as the difference between net vessel volumes after loading at the loading port & before unloading at the discharge port

• Violent impact of two or more vehicle or vessels on roads or at high sea or at port

• Losses incurred as a result of petty theft

• The act of spillage that have adverse effect on the environment including human, animal & plant life.

Which of the following is the preventive measure for product contamination ?

• Ensure cleanliness of storage space (e.g. tank, hatch, container, warehouse)

• Ensure product segregation and separation

• Engage competent 3rd party surveyor to do tank cleanliness check

• All of the above