LM Quiz 6-7

During a class discussion, Michael asked, 'What does 'Ad Valorem' mean?'

• According to weight

• According to value

• According to distance

• According to size

Mia is trying to understand the shipping costs for her new business. What is the purpose of the 'Bunker Adjustment Factor' (BAF)?

• To determine shipping routes

• To calculate customs duties

• To compensate for fluctuating fuel costs

• To adjust for cargo weight

During a logistics class, Priya learned about various fees associated with shipping. What does 'Demurrage' refer to?

• A fee for loading cargo

• A penalty for delaying the carrier's equipment

• A charge for customs clearance

• A fee for shipping hazardous materials

During a logistics class, Priya asked, 'What is the meaning of 'ETA' in shipping terms?'

• Estimated Time of Allocation

• Estimated Time of Adjustment

• Estimated Time of Action

• Estimated Time of Arrival

During a logistics class, Abigail asked, 'What does 'CFS' stand for?'

• Container Freight Station

• Cargo Freight Service

• Customs Freight Station

• Container Freight Security

Elijah is trying to understand what the 'Customs Filing Fee' is when importing goods for his new business.

• A fee for arranging customs clearance

• A fee for loading cargo

• A fee for shipping hazardous materials

• A fee for insurance coverage

Noah is preparing a shipment and needs to know what 'POD' stands for in shipping.

• Port of Delivery

• Port of Destination

• Place of Discharge

• Point of Departure

Grace is shipping a package internationally. What is the 'Emergency Bunker Surcharge' (EBS) used for?

• To cover shipping delays

• To pay for customs fees

• To cover fuel costs

• To compensate for cargo damage

During a class discussion, Samuel asked, 'What does 'ISF' stand for in the context of international shipping regulations?'

• Import Security Fee

• Importer Security Filing

• International Safety Framework

• International Shipping Fee

Grace is shipping goods through the Suez Canal. What is the 'Suez Canal Surcharge' (SCS) intended for?

• To pay for customs inspections

• To cover insurance costs

• To compensate for additional costs incurred due to transiting the Suez Canal

• To cover costs of shipping delays