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Transportation Modes in Logistics

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Questions and Answers

What is the term for the degree of variation from contracted quantities that retailers usually accept?

Supply Chain Leeway

Variation Margin

Quantity Flexibility

Tolerance (correct)

What happens to a container after goods are delivered?

It is returned to the factory

It is kept by the retailer

It is returned to the owner (correct)

It is disposed of

What is the term for the transportation method that combines multiple modes of transport?

Multimodal

Monomodal

Intermodal (correct)

Unimodal

What is the purpose of a Container Freight Station (CFS)?

To store and consolidate goods from different factories Signup and view all the answers

Why is it beneficial to fill a shipping container?

To reduce the shipping cost per item Signup and view all the answers

What is typically used to transport goods to/from a Sea-/Air- Port or Rail Terminal?

Truck Signup and view all the answers

What is the purpose of a Goods Receipt Note (GRN)?

To compare the received goods with the original Purchase Order Signup and view all the answers

What proportion of containers arriving at UK sea-ports are carried inland via rail?

1 in 4 Signup and view all the answers

What is the main function of an Inspection Agent?

To inspect goods to check quality Signup and view all the answers

What is the main benefit of using rail freight over road freight?

It is more environmentally friendly Signup and view all the answers

What is the purpose of a Harmonised System (HS) Code?

To calculate the import duty tax Signup and view all the answers

What is the term for freight equivalent to a Full Container Load (FCL)?

Full Truck Load (FTL) Signup and view all the answers

What is the purpose of Incoterms?

To facilitate international trade Signup and view all the answers

What is the purpose of a GSP Certificate?

To obtain preferential tariff rates Signup and view all the answers

What is required for international shipments that is not required for domestic shipments?

Invoice and Packing List Signup and view all the answers

What is the frequency at which the International Chamber of Commerce publishes Incoterms?

Every 10 years Signup and view all the answers

What is the term for goods transported by more than one mode of shipment?

Intermodal Signup and view all the answers

What is the term used to describe the transfer of risk and liability in international trade?

Risk and liability transfer Signup and view all the answers