Scrap and Auction Sales Overview
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Questions and Answers

What best describes 'scrap' in the context of railway material?

  • Material that can be repaired and reused
  • Items that are second-hand but can still be sold
  • Material that is temporarily stored for future use
  • Material that has no further utility and is generally useless (correct)
  • Which of the following items would NOT typically be considered scrap?

  • Empties and foundry ashes
  • New material that cannot be consumed
  • Repairable components still in good condition (correct)
  • Turnings and borings
  • Why should a detailed schedule of scrap be maintained by each Railway Administration?

  • To track the exact quantity of all metals used
  • To classify scrap into usable and non-usable categories
  • To facilitate immediate disposal of scrap materials
  • To ensure that items fetch a reasonable price at auction sales (correct)
  • What should be considered when collecting scrap for auction sales?

    <p>Freight charges, storage room, and market proximity</p> Signup and view all the answers

    Who has the authority to decide if particular scrap items should be disposed of at their site of generation?

    <p>The Controller of Stores</p> Signup and view all the answers

    What classification should scrap of different metals and alloys follow in the schedule?

    <p>Under separate main headings with suitable sub-headings</p> Signup and view all the answers

    Who should be shown as the consignor on despatching documents?

    <p>The purchaser</p> Signup and view all the answers

    What does the term 'empties' refer to in the context of scrap materials?

    <p>Hollow containers that can be discarded</p> Signup and view all the answers

    What is the basis for carrying stores by rail if the purchaser desires to do so?

    <p>Public tariff rates</p> Signup and view all the answers

    What should be verified by the Accounts Department after delivery of auctioned items?

    <p>The book balance against remaining stock</p> Signup and view all the answers

    Which report needs to be submitted by the Accounts Representative post-auction completion?

    <p>Completion report</p> Signup and view all the answers

    What information is NOT required in the completion report submitted after an auction?

    <p>Number of attendees at the auction</p> Signup and view all the answers

    What should be done with scrap suitable for use as raw materials for foundries and railway workshops?

    <p>It must be reserved for workshop use, selling excess.</p> Signup and view all the answers

    What is the recommended process for dispatching scrap from out stations?

    <p>Avoid double handling and send directly to the appropriate depot.</p> Signup and view all the answers

    Upon returning scrap to the stores depot, what must be ensured before despatch?

    <p>The scrap should be sorted by the correct nomenclature.</p> Signup and view all the answers

    What is one method suggested for sorting and storage of scrap?

    <p>Keep two sets of bins for separating ready-for-sale scrap.</p> Signup and view all the answers

    Before any scrap can be sold, what procedure must be followed?

    <p>It should be declared as scrap by a Survey Committee.</p> Signup and view all the answers

    In what circumstances can the General Manager relax the rule regarding scrap sales?

    <p>Only for known items of scrap of small value.</p> Signup and view all the answers

    What should occur when scrap is received in the stores depot?

    <p>Further sorting should be conducted if necessary.</p> Signup and view all the answers

    What is the primary purpose of keeping separate bins for scrap storage?

    <p>To prevent cross-contamination of different types of scrap.</p> Signup and view all the answers

    What is required before selling scrap at auction from stores depots?

    <p>Obtain sanction from a competent authority.</p> Signup and view all the answers

    Who should supervise the weighment and delivery of all materials sold?

    <p>Stock Verifier</p> Signup and view all the answers

    What must the Stock Verifier compare during the weighment process?

    <p>Description and quantity in the sale catalogue</p> Signup and view all the answers

    Which of the following information is NOT recorded in the Field Book by the Stock Verifier?

    <p>Single bulk price of all items</p> Signup and view all the answers

    What role does the Stores Supervisor play in the weighment and delivery process?

    <p>Supervising weighment if of rank D.S.K. Gr. III or higher</p> Signup and view all the answers

    What is one responsibility of the Stock Verifier after verifying the entries in the Issue Note?

    <p>Signing the Issue Note</p> Signup and view all the answers

    Which of the following is a required entry in the Field Book?

    <p>Gate-Pass/Railway Receipt number</p> Signup and view all the answers

    What is included in the particulars of realization of value recorded by the Stock Verifier?

    <p>Total sale amount</p> Signup and view all the answers

    Which of the following is NOT typically a representative present during the weighment process?

    <p>Accounts Clerk</p> Signup and view all the answers

    What is the role of the RPF's authorized representative during weighment?

    <p>To witness the weighment process</p> Signup and view all the answers

    Which statement is true regarding the contents of the Issue Note?

    <p>It contains detailed information of the transaction.</p> Signup and view all the answers

    What is required for an item to be considered unserviceable and unfit for further use on the Railways?

    <p>A personal inspection by a JA Grade officer</p> Signup and view all the answers

    How should scrap material accumulated for auction be organized?

    <p>Into convenient lots</p> Signup and view all the answers

    Which of the following is NOT included in the particulars for the 'Lot' Register?

    <p>Reserve price of the item</p> Signup and view all the answers

    Who is responsible for fixing the reserve prices based on past auction bids?

    <p>The Controller of Stores or depot Officer</p> Signup and view all the answers

    What should the Controller of Stores do if unable to dispose of scrap items appropriately?

    <p>Seek sanction from competent authorities to auction</p> Signup and view all the answers

    What is the purpose of the Survey Sheets for Scrap?

    <p>To record recommendations for each lot</p> Signup and view all the answers

    What may happen to bids that are below the reserve price?

    <p>They can be accepted with written reasons</p> Signup and view all the answers

    Which document indicates the sanction reference for surveying scrap material?

    <p>Survey Sheet</p> Signup and view all the answers

    What type of authority must provide a certificate for items deemed unserviceable?

    <p>Officer not below the level of JA Grade</p> Signup and view all the answers

    Which of the following is NOT a duty of the Survey Committee regarding scrap?

    <p>Set the final auction price</p> Signup and view all the answers

    What should be the focus when maintaining a detailed schedule of scrap?

    <p>The potential use of the material by probable purchasers</p> Signup and view all the answers

    What criteria might the Controller of Stores use to decide on site disposal of scrap?

    <p>Freight charges and storage availability</p> Signup and view all the answers

    Which type of material can sometimes be classified as scrap despite being in good condition?

    <p>Second-hand or unused materials not usable by the Railway</p> Signup and view all the answers

    What should be included in the sub-headings of the scrap schedule?

    <p>Forms in which the material is packaged for sale</p> Signup and view all the answers

    What is one of the responsibilities of the Stores department regarding scrap collection?

    <p>To ensure all scrap is collected and disposed of efficiently</p> Signup and view all the answers

    Which document plays a crucial role in the recording and tracking of scrap sales?

    <p>The Field Book maintained by the Stock Verifier</p> Signup and view all the answers

    In the context of collecting scrap, what is a primary factor that influences the selection of collection points?

    <p>The proximity to potential buyers and market demand</p> Signup and view all the answers

    What is the primary purpose of sorting scrap before dispatching it to the stores depot?

    <p>To categorize them according to nomenclature for proper handling</p> Signup and view all the answers

    What should be established in the stores depot to avoid mixing of scrap?

    <p>Two separate sets of bins for accumulated and auction-ready scrap</p> Signup and view all the answers

    Before selling scrap, which entity is responsible for declaring it as such?

    <p>A Survey Committee appointed by the General Manager</p> Signup and view all the answers

    In what scenario might the General Manager relax the rules regarding scrap sales?

    <p>For items of small value generally sold to Railway Employees</p> Signup and view all the answers

    What is the primary responsibility of the Stock Verifier during the delivery of ferrous scrap?

    <p>To record detailed weights and seal the wagons</p> Signup and view all the answers

    What is the procedure for despatching scrap from out stations to minimize handling?

    <p>Ensuring it is sent straight to the designated workshop store depot</p> Signup and view all the answers

    Which arrangement in the stores depot is crucial for differentiating scrap ready for sale?

    <p>Clearly labeled bins for each scrap category</p> Signup and view all the answers

    What must be done with loaded wagons to determine the weight of ferrous scrap accurately?

    <p>The difference between the loaded and empty wagon weights is calculated</p> Signup and view all the answers

    Who is responsible for realizing any loading charges associated with the scrap delivery?

    <p>The Depot Officer or Assistant</p> Signup and view all the answers

    Who is responsible for overseeing the weighment and delivery processes of auctioned scrap materials?

    <p>The Store Supervisor</p> Signup and view all the answers

    What information must the Stock Verifier record in the field book for local deliveries?

    <p>Particulars of the Gate Pass issued</p> Signup and view all the answers

    What is a necessary action when scrap is returned to the stores depot?

    <p>Ensuring it is sorted according to the Price List nomenclature</p> Signup and view all the answers

    What condition must be met for a certificate to be provided regarding unserviceable items?

    <p>It should be issued by the Survey Committee</p> Signup and view all the answers

    What is the Railway's responsibility after the consignment has been loaded and handed over?

    <p>To end their responsibility as the loading process is complete</p> Signup and view all the answers

    Who must sign the gate passes and Issue Notes to confirm the check after weighment?

    <p>The Stock Verifier and the Stores Supervisor</p> Signup and view all the answers

    What information is not required to be recorded in the Field Book by the Stock Verifier?

    <p>Expected delivery date</p> Signup and view all the answers

    What is the purpose of the Stock Verifier maintaining a Field Book?

    <p>To record details of materials sold including measurements and charges</p> Signup and view all the answers

    Which of the following representatives is NOT required to be present during the weighment process?

    <p>Accounts Department official</p> Signup and view all the answers

    After the weighment process, what must the Stock Verifier do before signing the Issue Note?

    <p>Ensure entries match those in the Field Book</p> Signup and view all the answers

    What action should be taken if discrepancies are found during the weighment process?

    <p>Stop the process and review the entries</p> Signup and view all the answers

    What type of records should be included in the Field Book besides the gross weight and purchaser's details?

    <p>Details of any charges incurred during the transaction</p> Signup and view all the answers

    What is NOT included in the manuscript register that the Stock Verifier should prepare for an auction?

    <p>Total profit margin</p> Signup and view all the answers

    What is the minimum ranking for a Stores Supervisor present during weighment?

    <p>D.S.K. Gr.III</p> Signup and view all the answers

    Which authority's letter outlines the requirements for weighment to be witnessed by RPF representatives?

    <p>Authorization from Railway Boards</p> Signup and view all the answers

    When should columns (1) to (8) of the manuscript register be posted?

    <p>Before the auction starts</p> Signup and view all the answers

    What document does the Stock Verifier check against while performing the counting or weighing of materials?

    <p>Sale catalogue</p> Signup and view all the answers

    Which document is NOT necessary for the Stock Verifier to reference when filling out the manuscript register?

    <p>Stock Management Report</p> Signup and view all the answers

    What is the primary role of the Accounts Officer (Stores) during the auction sale?

    <p>Depute a representative to witness the sale</p> Signup and view all the answers

    Which of the following is a requirement for registering bids during the auction?

    <p>Bids must be made in units of weight or number</p> Signup and view all the answers

    What must happen to the entries in the Stock Verifier's register at the end of the auction day?

    <p>They must be compared with the auctioneer's statements</p> Signup and view all the answers

    Which detail is NOT necessary to fill a column in the manuscript register after the auction?

    <p>Forklift rental fees</p> Signup and view all the answers

    Who is responsible for conducting the auction?

    <p>The Depot Officer</p> Signup and view all the answers

    What detail is required for ensuring that material is sold accurately during the auction?

    <p>Bids registered by weight or number</p> Signup and view all the answers

    Study Notes

    Scrap and Auction Sales

    • Scrap is material no longer needed, distinct from repairable items. This includes empties, turnings, borings, odds and ends, sweepings, foundry ashes, etc. Occasionally, it includes used or new material the railway cannot use or sell to other railways.

    • A detailed scrap schedule is maintained by each railway, grouping items (metals/alloys) for auction. Focus on how buyers might use items to get best prices.

    • Scrap collection is organized (where possible) by freight costs, available room for storage, and scrap market proximity. Consuming departments dispose of scrap they're authorized to. In some cases, scrap is disposed of at the point of origin if advantageous.

    • "Scrap for workshop use" should be saved for railway workshops before selling surplus.

    • Scrap from outstations should go directly to the stores depot to avoid handling issues. Then the scrap should be sorted and stored at the depot.

    • Scrap is sorted and labeled before being sold. Two scrap bins or dumps should be used, allowing one to be used for the auction while the other gathers additional scrap.

    • Scrap is auctioned at stores depots. Scrap can be sold.

    • Scrap sales require survey committee authorization and general manager approval. Exceptions exist for items of low value sold to railway employees.

    • "Lot" Registers for scrap are maintained, detailing each lot of scrap materials for sales.

    • Railway Administration may use an auctioneering firm instead of themselves to manage auctions.

    • A "Survey Sheet" details each scrap lot including description, quantity, book rate, and previous auction rate.

    • Before any auction, the appropriate authority should check whether there will be overlap with other sales, ensuring administration's interest isn't jeopardized.

    • An Accounts Representative is present during sales. They document details, including lot number, materials, quantity, buyer specifics, and other documentation

    • Terms and conditions of a railway's scrap sales agreement should be in writing.

    • When possible, smaller quantities of scrap can be sold for use in assays or testing by prospective buyers.

    • Delivery of scrap requires thorough quality control and weighment to avoid discrepancies.

    • Scrap delivery issues are handled quickly and efficiently. The organization should make arrangement in advance with the prospective buyer.

    • The railway isn't responsible for issues that arise after materials are loaded and transferred to the buyer.

    • Monthly lists document deliveries and sales of scrap.

    • A final report is compiled documenting details of the auction and delivery of material for quality control.

    • Sale accounts are submitted by auctioneers. Accounts are checked and confirmed payments are made.

    • Sale material should be tracked and recorded by number or weight instead of per lot.

    • The handling of commission charges is handled as part of contractual arrangements.

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    Description

    This quiz covers the essentials of scrap material management in railway operations. It discusses the categorization, disposal, and auctioning of scrap, as well as best practices for maximizing profits. Learn about the processes involved in organizing scrap collection and storage.

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