Maritime Transport and Logistics Quiz

What are the two distinct mechanisms that countries employ to regulate international trade?

• Shipping and Logistics Management

• Customs and Trade Agreements

• Tariff Barriers and Non-Tariff Barriers

• Import and Export Regulations

What is the primary purpose of tariff barriers?

• Protect industries, health, safety, environment

• Enhance port efficiency

• Raise revenue, protect domestic industries

• Facilitate international trade

Which of the following is NOT a non-tariff barrier?

• Taxes and duties

• Sanitary measures

• Licences and quotas

• Technical barriers to trade

What does the 40/40/20 rule in liner shipping refer to?

• Container management strategies

• Cargo allocation among countries

• Port efficiency ratings

• Shipping costs distribution

What is arm's-length trading?

• Transactions between related parties

• Transactions between independent parties

• Transactions involving subsidies

• Transactions with government procurement

Which document acts as proof of shipment in international trade?

• Letter of Credit

• Bill of Lading

• Shipping Manifest

• Commercial Invoice

What is a significant challenge in container shipping?

• Lack of shipping routes

• Limited port facilities

• Container availability

• High tariffs on imports

What is the role of customs authorities in shipping?

• To manage shipping lines

• To facilitate trade agreements

• To assess risk using ship manifest data

• To regulate shipping costs

What does the term 'demurrage' refer to in shipping?

• Costs associated with shipping delays

• Charges for customs clearance

• Fees for late container return

• Surcharges for fuel adjustments

Which of the following is a factor affecting maritime transport costs?

• Type of shipping line

• Distance between ports

• Cargo insurance rates

• Weather conditions