BM03a/QTOLU/KT FINAL EXAMINATION 1B / Academic Year: 2021 - 2022 (&) Major/Class = International Business Subject : TRANSPORTATION & INSURANCE, UEF Subject Code: MGTII2E Credit: 03 Banos nau TE THI cHIn Date of Examination Duration: 60° Exam Mode: Writing FALCUTY OF ECONOMICS Exam Code : 01 or OPENED BOOK: YES noo QUESTION 1. (3.0 marks) Given a part of the original Ocean Bill of Lading (B/L) as follow: Shipper: SOUTH EAST APPAREL GROUP CO., LTD LOT 39, ROAD 6 VIETNAM-SINGAPORE INDUSTRIAL PARK, THUAN AN DIST., BINH DUONG PROVINCE, VIETNAM. Consignee: TO THE ORDER OF MUFG BANK, TOKYO MAIN OFFICE. Notify party: NIFORI CO., LTD TOKYO HEAD OFFICE 6-20 3-CHOME, KAMIYA, KITA-KU, TOKYO, JAPAN. a) Why is this B/L issued under the order of MUFG Bank? When is this kind of B/L valid? (1.0 mark) ») Is it possible for the importer (NITORI CO., LTD) to re-sell the shipment on mentioned B/L to another beneficiary? In which case is it possible or impossible? (1.0 mark) ©) Are there any risks to the shipper in case the consignee fails to make payment for the Commercial Invoice of the goods on this B/L? Give the reason(s) for your answer. (1.0 mark) QUESTION 2. (2.0 marks) An air shipment is carrried by JAPAN AIRLINES from DANANG Airport (VietNam) to NARITA Airport (Japan) consists of 9 cartons in total with detail as below: " 5 cartons of Deluxe Textiles Samples with the weight of 12 kgs/carton and 3 dimensions (LxWxH) of each carton are 30 x 40 x 25 (cm). * 4 cartons of Luxurious Fabrics Samples with 3 dimensions (LxWxH) of each carton are 50 x 40 x 30 (cm), the weight of each carton is 20 kgs. Given the Air Freight Tariff of JAPAN AIRLINES as following, please calculate the total air freight that the customer must pay forthe airline in this case? (Unit: USDIKg) +45kgs | +100kgs | +250kgs | +500kgs | +1000kgs, | Airport of | Ai 7 irport of Loading _| destination | ~45k8s NARITA |DANANG| 28 | 26 25 24 22 19 | DANANG | NaRITA |_2.55_ [2.2 18 16 155 | 135 INCHEON | DANANG [2.4 [21 [185 | 1.65 13 1.45 Exam code: 01 Page 1/72BMO03a/QTOUKT DANANG | CHANGI 16 13 145 141] DANANG | TOKYO as | 17s | iss [| 145 QUESTION 3. 2.0 marks) 4) Indicate some main functions of ICD? (1.0 mark) b) Why is ICD considered to be an indispensable part of Sea port as well as play a vital role in multi-modal transport chain? (1.0 mark) QUESTION 4. (3.0 marks) A vessel costing USD 3,000,000 carries 3 shipments with the value of each shipment as follow: Shipment A is USD 200,000 Shipment B is USD 240,000 Shipment C is USD 270,000 During the journey, this vessel faced a severe typhoon. In the following cases, please distinguish between General Average (G/A) and Particular Average (P/A), then indicate who will be responsible for the loss and Why? (Note: In case of G/A, please clearly state: Sacrifice for G/A or Costs arising from G/A) 4) Sea water ingressed into the engine room, caused damage to the vessel’s engine of USD 350,000 and damage to the shipment C of USD 70,000. (1.0 mark) ») At that time, after careful consideration, the Captain decided to throw a part of the shipment A (costing of USD 150,000) into the sea to lighten the vessel as well as to save both vessel and remained cargoes on the vessel. (1.0 mark) ©) After the typhoon was over, the vessel failed to run, In order to save the vessel from sinking, the Captain decided to hire 2 salvage ships to the nearest port of refuge with the total hiring cost of USD 20,000 & the cost of USD 14,000 at the port of refuuge for vessel repair & maintenance. (2.0 mark) THE END Proctors are NOT allowed to explain any further information. Exam code: 01 Page 2/2