Shipping Econs (Part 8)

Shipping Econs (Part 8)

University

20 Qs

quiz-placeholder

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Shipping Econs (Part 8)

Shipping Econs (Part 8)

Assessment

Quiz

Business

University

Hard

Created by

Siti Marsila

FREE Resource

20 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does the freight market primarily trade in?

New ships

Second-hand ships

Scrap ships

Sea transport

2.

MULTIPLE SELECT QUESTION

30 sec • 1 pt

What is the primary focus of the sale and purchase market?

New ships

Second-hand ships

Scrap ships

Freight contracts

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the newbuilding market concerned with?

Trading existing ships

Building new ships

Scrapping old ships

Purchasing second-hand ships

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the purpose of the demolition market?

Buying new ships

Selling second-hand ships

Scrapping old ships

Trading in sea transport

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are the two types of transactions in the freight market?

Time charter and voyage charter

Demolition and newbuilding

Bare boat charter and contract of affreightment

Freight contract and time charter

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Under a voyage charter, what does the shipowner contract to do?

Hire the ship by the day

Carry a specific cargo for a negotiated price per ton

Compensate the charterer for future changes in freight rates

Scrap the ship after a certain period

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the purpose of a contract of affreightment?

To hire a ship for a fee per day, month, or year

To carry a specific cargo for a negotiated price per ton

To compensate each other for changes in freight rates

To hire out a ship without crew or operational responsibilities

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