Vessel Chartering and Brokerage

The tool used for measuring the workload in output in shipyards is known as:

CGT (compensated gross tonnage)

Data for the last 30 years prove that international maritime transport costs are increasing. T/F?

FALSE

Data for the last 30 years proves that international maritime transport costs are increasing. T/F?

FALSE

If a ship on voyage charter suffers weather damage, the owners are most likely to be compensated by the charterers. T/F?

FALSE

A bill of lading may be issued in a negotiable or nonnegotiable form. T/F?

TRUE

Asia handles more than 60% of the global container trade. T/F?

TRUE

In an FCL shipment the container may not be fully loaded. T/F?

TRUE

In an FCL shipment the container need not be fully loaded. T/F?

TRUE

Lay days commence from the moment the NOR has been accepted provided the ship provided the ship fulfills certain conditions. T/F?

TRUE

The flag of a ship is the country she is registered in. T/F?

TRUE

The rotterdam rules of 2008 are yet to be radified by many states and yet to be enforced. T/F?

TRUE

The fixed hired element assumed for a standard vessel to calculate world scale is per day: a. $12,000 b. $10,000 c. $11,000

a. $12,000

Gross Tonnage is measured by calculating the cubic capacity of a ship where one ton is equal to: a. 100 cubic feet b. 1000 cubic feet c. None of the above

a. 100 Cubic Feet

World Seaborne Trade in 2015 amounted to: a. 11 billion tons b. 11 million tons c. None of the above

a. 11 billion tons (10.8 exactly)

The container utilization factor in 2015 was estimated close to: a. 68% b. 78% c. 48%

a. 68%

The cargo capacity assumed to calculate world scale: a. 75k MT b. 60k MT c. 90k MT

a. 75k MT

Who pays for the transport of goods under an Exworks (EXW) contract? a. Buyer b. Seller c. Shipowner

a. Buyer

If a ship is on a voyage charter and completes her cargo in port earlier than anticipated a claim is lodged for: a. Dispatch b. Demurrage c. None of the Above

a. Dispatch

If a ship on a voyage charter completes cargo in port earlier than anticipated, a claim is launched for. a. Dispatch b. Demurrage c. None of the Above

a. Dispatch

The major container trade routes run: a. East-West b. North - West c. North - South

a. East-West

World scale is an international freight index used for: a. Oil tankers b. Container ships c. Dry bulks

a. Oil tankers

The International Chamber of Shipping (ICS) is an association of the following: a. Shipowners b. Ship Brokers c. Charterers

a. Shipowners

The Baltic Exchange is a self regulated shipping exchange for: a. Ships Sale and Chartering b. Ship Demolition c. Ship Building

a. Ships Sale and Chartering

Worldscale is completely recalculated every: a. 6 months b. 12 months c. None of the Above.

b. 12 months

The length of Kamsarmax is: a. 239m b. 229m c. 249m

b. 229m

The limitation of liability for air transport exceeds that of maritime transport: a. 4x b. 9x c. None of the Above

b. 9x

The newly formed OCEAN 3 Alliance in liner shipping includes: a. Maersk Lines b. CMA CGM c. Hyundai Merchant Marine

b. CMA CGM

Intercargo is an association of (International Association of Dry Cargo Shipowners): a. Oil Tanker Owners b. Dry Cargo Ship Owners c. Ship Agents

b. Dry Cargo Shipowner

The new IMO tier 3 requirements are related to: a. Ballast water requirements b. NOX Emissions

b. NOX Emissions

The percentage of global merchandise trade volume that is containerized is estimated at: a. 30% b. 70% c. 50%

c. 50%

The top 5 container shipping lines control: a. 30% of global market b. 80% of global market c. 50% of global market

c. 50% of global market

Container Utilization Factor was estimated close to: a. 48% b. 78% c. 68%

c. 68%

Payment of freight taxes is the responsibility of: a. The charterer b. Shipowner c. As per the charter party agreement

c. As per the charter party agreement

Who pays for transport of goods under an (EXW) sales contract? a. Ship Owner b. Seller c. Buyer

c. Buyer

The charterparty clause giving owners the right to retain the possession of goods at the discharge port is known as: a. Paramount Clause b. Himalaya Clause c. Cesser and Lien Clause

c. Cesser and Lien Clause

Aframax vessels are commonly used in carrying: a. Vegetable Oil b. Chemicals c. Crude Oil

c. Crude Oil

A contractual provision in the charter party intended to confer a benefit on an entity that is not a party to that contract: a. A Paramount Clause b. Cesser Clause c. Himalaya Clause

c. Himalaya Clause

The under mentioned is a new ECA: a. West Coast of USA b. North Sea c. Med. Sea

c. Med. Sea

Cargo retention clauses are commonly used in: a. Reefer cargo transport b. Bulk cargo transport c. Oil Tanker transport

c. Oil Tanker transport

AWES form is used in: a. Voyage Charter b. Bareboat Charter c. Shipbuilding Contract

c. Shipbuilding Contract