TRƯỜNG ĐẠI HỌC TÀI CHÍNH - MARKETING

KHOA THƯƠNG MẠI

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TRỊNH MINH MẪN

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VẬN TẢI VÀ BẢO HIỂM

HÀNG HÓA XUẤT NHẬP KHẨU
Trắc nghiệm

TP. HỒ CHÍ MINH - THÁNG 4/2024

 TABLE OF CONTENTS
PART 1: TRANSPORT .................................................................................................. 1
PART 2: INSURANCE ................................................................................................ 31
 PART 1: TRANSPORT
1. Charge CIC is commonly applied for ……
A. All imported consignments
B. All exported consignments
C. Only the imported consignments transported in containers
D. Only the exported consignments transported in containers
CIC - Container Imbalance Charge: phí cân bằng container.
2. CIC is a charge commonly imposed on ……
A. Exporters of all exported consignments including LCL, FCL, bulk cargo
B. Consignees when their shipments in container including LCL, FCL
C. Importers of all imported consignments including LCL, FCL, bulk cargo
D. Shippers when their goods are shipped in containers
3. CIC is normally on the account of ……
A. Consignees of every shipment
B. Consignors of every shipment
C. Consignees when the goods are transported in containers
D. Consignors when the goods are transported in containers
4. Which statement is true?
A. DEM penalty is imposed in case the cargo owner holds the empty container for
export shipment at his warehouse beyond the allowed time at the terminal
B. DEM penalty is imposed in case the consignor detains the cargo (laden container)
at his warehouse beyond the allowed time
C. DET penalty is imposed in case the cargo owner holds the empty container at his
warehouse longer than the allowed time
DEM - Demurrage: charge due to putting or detaining cargo containers by cargo
owners at terminals beyond an allowed period.
DET - Detention: the penalty if cargo owners keep the empty container at their
warehouse beyond the allowed time.
® Export: DET first and DEM second.
® Import: DEM first and DET second.

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5. Which statement is true?
A. DEM penalty is imposed in case the consignor detains the cargo (laden container)
at the terminal beyond the allowed time
B. DET penalty is imposed in case the consignor holds the empty container longer
than the free time at the terminal of the port of loading
C. DEM penalty is imposed in case the consignor detains the cargo at the CFS or at
the container yard longer than the free time, this is understood as storage fee
6. On a bill of lading, you see TGHU7599330/TGHH123789/20DC. Which is
Container number?
A. TGHU7599330/TGHH123789/20DC
B. Both TGHU7599330 and TGHH123789
C. TGHH123789
D. TGHU7599330
Số container có chữ “U”.
7. On a bill of lading, you see TGHU7599330/TGHH123789/20DC. Which does
letter “U” refer to?
A. Unique
B. Freight container
C. TEU
D. Unit
8. What is a seal on the container?
A. A plastic or metal device with a unique code that is secured to a closed container
B. A stamp that verifies the shipment has been delivered
C. This is container number
D. This is warning information on container
9. Specifications on an end door of container: [45G1]. Which statement is true?
A. This is a reefer container
B. This is a 50’ container
C. This is a 40’ container
D. This is a 45’ container

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 Mã kích thước và phân loại bao gồm: 4 ký tự trong đó 2 ký tự đầu chỉ mã kích thước
và 2 ký tự cuối chỉ mã kiểu container.
v Mã kích thước: 2 ký tự đầu có thể là số hoặc chữ.
- Ký tự thứ nhất biểu thị chiều dài container: số 2 tương ứng với cont 20 feet, số 4
là 40 feet, và đặc biệt với cont 45 feet sẽ được ký hiệu là chữ L.
- Ký tự thứ 2 biểu thị chiều cao của container, quy ước: số 0 = 8 ft; 2 = 8,6 ft; 5 =
9,6ft.
v Mã kiểu: 2 ký tự cuối.
- Ký tự thứ nhất sẽ cho biết kiểu container, những loại thường gặp là:
+ G : cont thường/ cont bách hóa (General container).
+ R : cont lạnh (Refrigerate container/ Reefer container).
+ U : cont mở mái (Open top container).
+ T : cont bồn (Tank container).
+ P : cont phản (Platform container).
- Ký tự số cuối cùng trong dãy 4 ký tự được hiểu:
+ Số 0: có nghĩa là cont đó có thể mở 1 đầu hoặc 2 đầu (tức là có thể mở được 1
cửa hoặc 2 cửa).
+ Số 1: có nghĩa là cont đó sẽ có cửa thông gió ở bên trên.
+ Chữ P: biểu hiện cho loại cont chứa cả 2 loại trên.
10. Some specifications on a container shell: [45G1]. No. “5” mentions:
A. All answers are wrong
B. Length/Kind of container (50 feet)
C. Height of container
D. Nation of container built
11. In container shipping, what do the following terms stand for “HC, GP, OT”?
A. High Cube, General Purpose, Open Top
B. Half Container, Groupage Parcel, Ocean Terminal
C. Container, Given Pallet, Over Turn
D. High Cube, Grand Port, Order Terms

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12. They are used for the transport of all types of liquids, non-hazardous, and
hazardous liquids.
A. Reefer container
B. Standard container
C. Tank container
D. High cube container
13. It is designed to be ideal for transporting cargo such as food or medicine.
A. Reefer container
B. Standard container
C. Tank container
D. High cube container
14. This type is the most used type, used to carry packed cargo.
A. Reefer container
B. GP container
C. Tank container
D. High cube container
15. They are particularly suitable for transporting bulk cargo, unpacked cargo.
A. Open top container
B. GP container
C. High cube container
D. Bulk container
16. They have a unique feature which can be used to carry oversized cargo with
special height.
A. Tank container
B. High cube container
C. Reefer container
D. Open top container
17. It only has a platform with ends on the short side, ends may be collapsible to
enable the unit to be locked together for ease of return, transport machinery.
A. Reefer container

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 B. Open top container
C. Flat rack container
D. High cube container
18. This container is usually for the transport or storage of cargo with awkwardly-
shaped cargo with unique dimension. It has no side or top, just a base with lashing
points and lifting lugs.
A. Open top container
B. High cube container
C. Platform container
D. Standard cube container
19. They are exclusively used for the shipment requiring control at a constant
temperature. They don’t have internal electricity generating units.
A. Thermal container
B. Insulated container
C. Refrigerated container
D. Dry container
20. This represent is:

A. Reefer container
B. Dry container
C. Flat crack container
D. Tank container
21. The length of container 20’ is around:
A. 6 meters
B. 5 meters
C. 12 meters
D. 7 meters

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 High cube 45’
20’ container 40’container
Specifications container
(Metric) (Metric)
(Metric)

Length 6.058 m 12.192 m 13.716 m

External dimension Width 2.438 m 2.438 m 2.438 m

Height 2.591 m 2.591 m 2,896 m

Length 5.758 m 12.132 m 13.556 m

Internal dimension Width 2.352 m 2.352 m 2.352 m

Height 2.385 m 2.385 m 2.698 m

Length 2.343 m 2.343 m 2.343 m

Door aperture
Width 2.280 m 2.280 m 2.585 m

Volume 33.1 m3 67.5 m3 86.1 m3

Maximum gross mass 24,000 kg 30,480 kg 30,480 kg

Empty weight/tare 2,200 kg 3,800 kg 4,800 kg

Payload / Net load 21,800 kg 26,680 kg 25,680 kg

22. The length of container 40’ is around:

A. 6 meters
B. 5 meters
C. 12 meters
D. 7 meters
23. The maximum cubic capacity of 20’ is around:
A. 29 - 33 CBM
B. 10 - 15 CBM
C. 15 - 20 CBM
D. 20 - 25 CBM

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24. The maximum cubic capacity of 40’ is around:
A. 29 - 32 CBM
B. 63 - 67 CBM
C. 15 - 20 CBM
D. 10 - 12 CBM
25. Payload (or net load or maximum weight of cargo loaded inside) of a container
20’ is often around ……
A. 9 - 12 metric tons
B. 18 - 21 metric tons
C. 5 - 8 metric tons
D. 12 - 15 metric tons
26. What does the word “TEU” in shipping stand for?
A. Transshipment Freight Equipment
B. Twenty Foot Equivalent
C. Twenty Feet Emergency
D. Twin Freight Export
27. Who is the member of IATA?
A. Airlines and shipping lines
B. Governments
C. Airlines
D. Airlines and forwarders
28. Who is the member of ICAO?
A. Forwarders
B. Governments
C. Airlines agents
D. Airlines
29. Liner is a ship operating based on the demand of the charterer without pre-
determined schedule as well as route.
T. True
F. False

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30. When waiting to send a large shipment (i.e. 5,000 tons of goods), cargo owner
should charter a liner vessel.
T. True
F. False
31. There will be NO charter party when cargo owners hire …… to ship goods.
A. voyage ships
B. liners
32. Who is most likely to hire a vessel with time chartering contract?
A. Any merchants
B. Shipping lines which need more vessels to expand/operate their business
C. Only importers
D. Small merchants
33. Who is most likely to hire a vessel with a voyage chartering contract?
A. Shipping lines which need more vessels to expand/operate their business
B. Small merchants
C. Dominant merchants having very large shipments
D. Any merchants
34. Charter party is a
A. L/C
B. Sales contract
C. Carriage contract
D. Bill of lading
35. One of dominant advantages of sea transport is
A. Flexibility
B. Large capacity
C. Highest speed
D. Less risk
36. The prominent advantage of air transport is ……
A. Flexibility

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 B. Cheap cost
C. High speed
D. Large capacity
37. What does B/L stand for?
A. Bill of laden
B. Bill of lading
C. Boat load
D. Bill of landing
38. A bill of lading has ……. main functions.
A. 2
B. 3
C. 4
D. 5
39. What is (are) the function(s) of a bill of lading?
A. A receipt for goods received, an evidence of contract of carriage, a document of
title
B. A ship’s certificate, a forwarders license, a document of insurance
C. The final document in shipping, a manifest, a marine insurance certificate
D. A receipt of money paid, a carriers proof, a document issued to the government
for register of a shipping line
40. Which function does a B/L not served?
A. Document of title
B. Receipt of goods
C. Insurance certificate
D. Contract of carriage
41. Bill of lading may be issued and signed by ……
A. Carrier
B. Carrier’s representative
C. Shipowner
D. One of them

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42. Who issues the Bill of Lading (or AWB)?
A. The shipper
B. The consignor
C. The consignee
D. None of the above
43. Which of the following is NOT a type of B/L?
A. Laden On Board
B. On Board
C. Shipment On Board
D. Received for Shipment
44. “All containers must be loaded on the vessel before the B/L can be issued to the
customer” is the definition of ……
A. Rail On Board
B. Received for Shipment
C. On Board
D. Receive for Board
45. A …… bill of lading does not guarantee that the goods have been loaded on the
vessel.
A. On-board
B. Received for shipment
C. Order
D. Straight
46. What type of information should be included on a bill of lading?
A. Shipper’s name and address
B. Description of the goods
C. Indication of who pays the freight charges
D. All of the above
47. Who is the “Shipper” stated on a B/L?
A. The party who purchases the goods
B. The carrier of the goods

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 C. The party who sends the goods to the carrier for the latter’s handling to transport
D. All are correct
48. A …… bill of lading always shows a specific party to receive goods, and it is not
allowed to transfer the ownership of goods to another party by endorsing.
A. Straight
B. Clean
C. Order
D. On-board
49. What type of document serves as a carrier’s cargo receipt to the shipper and is
considered as document of title to the goods?
A. Straight or Named Bill of Lading
B. Proof of Delivery
C. Carrier Freight Bill of Lading
D. Delivery Receipt
50. On a bill of lading, you see as below: “Consignee: SAIGON PACKING LTD”.
Based on the negotiability of B/L, this is ……
A. Straight B/L
B. To order B/L
C. Direct B/L
D. Bear B/L
51. The Consignee box on a bill of lading states “SAIGON BEER LTD”. Based on
the negotiability of B/L (or title), ……
A. This is a direct B/L and SAIGON BEER LTD can endorse to transfer the
ownership of the shipment to another party
B. This is a straight B/L and SAIGON BEER LTD is the forwarder at origin port
C. This is a straight B/L and SAIGON BEER LTD is the importer
D. This is a straight B/L and SAIGON BEER LTD is the exporter
52. Bill of lading shows “Consignee: To order”. Who will endorse on the reserved
side of the bill?
A. The shipper
B. The bank

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 C. The consignee
D. No need to be endorsed
There are different ways to make an order B/L:
- To order + …… (blank): to the order of shipper.
- To order + consignee: to the order of consignee.
- To order + bank: to the order of issuing bank (importer’s bank).
53. On a B/L, Consignee is stated: “To order of Vietcombank HCM branch”. So,…
A. Vietcombank HCM branch is located in the exporter’s country
B. Vietcombank HCM branch is advising bank
C. Vietcombank HCM branch is issuing bank
D. Vietcombank HCM branch is the real importer
54. On a B/L, Consignee is stated: “To order of Techcombank HCM branch”. So,…
A. Techcombank HCM branch is the importer’s bank
B. Techcombank HCM branch is the real importer
C. Techcombank HCM branch is the real exporter
D. Techcombank HCM branch is the exporter’s bank
55. Shipping line A issued a B/L to Freight forwarder B. Based on the issuer of B/L,
this is ……
A. Straight B/L
B. On board B/L
C. House B/L
D. Master B/L
56. What is the name of a B/L issued by the freight forwarder NVOCC?
A. Sea waybill
B. House B/L
C. Bearer B/L
D. Order B/L
57. The Consignee box a MB/L issued to forwarder states “MYCZ Link Logistics”.
So, MYCZ Link Logistics is:
A. The forwarder at port of origin port

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 B. The delivery agent of the forwarder at port of discharge
C. The real importer
D. The real exporter
58. Which is right in terms of “Shipping instruction”?
A. It is sent by the shipper to the consignor
B. It is sent by the shipper to the buyer so that the latter can submit to carrier’s agent
for taking delivery
C. It is sent by the consignee to the shipper
D. It is sent by the shipper to the carrier so that the latter can issue a B/L
59. Information of the shipping instruction of a sea shipment is used to make ……
A. L/C
B. Carriage contract
C. Sales contract
D. Bill of lading
60. If the “Shipped on board date” and the “Bill of lading issuance date” in a B/L
are different, which is considered as the final actual shipment date?
A. Shipped on board date
B. The shipment date stated in the sales contract
C. Bill of lading issuance date
D. The shipment date stated in the L/C
61. If a bill of lading is issued without the “Shipped on board date”, the actual
shipment date is ……
A. The sailing date of the vessel
B. The shipment date stated in the sales contract
C. Bill of lading issuance date
D. The shipment date stated in the L/C
62. In case the shipper requests the shipping line to state a thing different from the
real thing on the B/L, the carrier will ask for …… signed by shipper.
A. Letter of credit
B. Bill of lading

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 C. Letter of indemnity
D. Sales contract
63. Which is right when arranging documents in chronological order?
A. Booking confirmation / B.L / empty container release note / EIR full
B. Empty container release note / booking request / B.L
C. Booking request / Booking confirmation / Shipping instruction / B.L / Arrival
notice / D.O
D. Booking request / Booking confirmation / B.L / Shipping instruction / Arrival
notice / D.O
Booking request ® Booking confirmation ® empty container release note ® EIR
full ® Shipping instruction ® Bill of lading ® Arrival notice ® Delivery order.
64. Which is right in sequence of time (chronologically)?
A. Booking confirmation / B.L / empty container release note / EIR full
B. Booking request / Booking confirmation / B.L / Arrival notice / D.O
C. Booking request / Booking confirmation / B.L / D.O / Arrival notice
D. Empty container release note / booking request / B.L
65. Which is right in sequence of time?
A. Booking confirmation / empty container release note / EIR full / B.L
B. Booking confirmation / B.L / Delivery Order / Arrival notice
C. Empty container release note / booking request / B.L
D. Booking confirmation / B.L / empty container release note / EIR full
66. Arrival notice is issued by ……
A. The carrier at origin port
B. The consignee
C. The consignor
D. The carrier’s agent at the destination port
67. Arrival notice is issued by ……
A. The carrier
B. The carrier’s bank
C. The consignee

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 D. The consignor
68. D/O is issued by ……
A. The consignor and it is then sent to the consignee
B. The consignee
C. The carrier at origin port and it is then passed to the carrier’s agent
D. The carrier’s agent at the destination port
69. Which of the followings is not issued at origin port?
A. Air waybill
B. Shipping Instruction
C. Booking confirmation
D. Arrival Notice
70. What type of company is in charge to control the reception and delivery of
goods and documents at destination?
A. Agent
B. Waiver office
C. Customs
D. Shipper
71. Shipment shipped by sea with gross weight 3MT, Measurement 2CBM:
A. This should be shipped in FCL shipment/method
B. This should be an FCL shipment and can be sent through FWD or Shipping line
to transport
C. This should be shipped in LCL shipment/method
D. This should be shipped by voyage vessel
72. The shipment shipped by sea with Gross weight: 3000 kgs, Measurement: 2
CBM. Which statement is most suitable?
A. The shipment is too large, cargo owner needs to divide into many lots and
partially ship gradually
B. Cargo owner should hire voyage vessel to carry
C. Cargo owner should send in LCL
D. Cargo owner should send in FCL

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73. The information on a B/L: “1x20DC (270 CTNS), Gross weight: 4,480.00 kgs,
Measurement: 20.00 CBM”. Which statement is right?
A. This is an FCL shipment with 20 containers
B. This is an FCL shipment with 270 containers
C. This should be an LCL shipment because of the small gross weight
D. This is an FCL shipment with 01 containers
74. Which statement is wrong?
A. Empty container release note is issued for LCL shipment and FCL shipment
B. S.I is created by the shipper
C. A/N is issued by the carrier at shipping destination
D. D/O is issued by the carrier at shipping destination
Empty container release (lệnh cấp container rỗng) only applies for FCL shipment.
75. In LCL / LCL transport type, who is responsible for stuffing the goods into
container?
A. The consignor
B. The importer’s bank
C. The forwarder
D. The consignee
76. In LCL / LCL type, who is responsible for withdrawing the goods out of the
container at the destination end?
A. The forwarder
B. The shipper
C. The consignee
D. The importer
77. In LCL / LCL type, who is responsible for discharging the cargo container from
the carrying vessel and moving it to a warehouse at the destination port?
A. The carrier
B. The consignee
C. The consignor
D. The consignor and consignee

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78. In FCL / FCL type, …… is responsible for stuffing the goods into container?
A. The consignee
B. The carrier
C. The consignor
D. The consignor and consignee
79. In FCL / FCL type, who is responsible for dispatching / drop-off the cargo
containers to the origin port?
A. The bank
B. The consignee
C. The carrier
D. The shipper
80. In FCL / FCL type, who is responsible for discharging the cargo containers
from the carrying vessel and moving them to CY at the destination port?
A. The shipper
B. The consignee
C. The consignor
D. The carrier
81. In FCL / FCL type, who is responsible for withdrawing the goods out of the
container at the destination end?
A. The carrier
B. The consignee
C. The shipper
D. The carrier or its agent
82. Who pays the main freight if the word “FREIGHT PREPAID” is marked on a
bill of lading?
A. Shipper’s bank
B. Shared between shipper and consignee
C. Consignee
D. Shipper

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83. Who pays the main freight if the word “FREIGHT COLLECT” is marked on
a bill of lading?
A. Shipper’s bank
B. Shared between shipper and consignee
C. Consignee
D. Shipper
84. When the customer pays for the freight of the shipment at the shipping
departure, it is called ……
A. Freight prepaid or Prepaid
B. Collect or cash on delivery
C. Paid at destination
D. Unpaid
85. When the customer pays for the freight of the shipment at the shipping
destination it is called ……
A. Freight prepaid or Prepaid
B. Freight collect or Collect
C. Payable at terminal
D. Unpaid
86. If the freight is paid at port of discharge, which statement is showed on the bill
of lading?
A. Freight collect
B. Freight prepaid
C. Freight commission
D. None of the above
87. B/L states the remark “Freight prepaid” when buyer purchases the goods
under ……
A. EXW
B. FOB
C. FCA
D. CFR

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88. “Freight collect” B/L is used when buyer purchases the goods under:
A. FOB
B. CIF
C. CFR
D. All of them are correct
89. Which bill shows rate, total charge?
A. M.B/L
B. M.AWB
C. H.AWB
D. H.B/L
90. Which kind of AWB often shows the amount of freight and local charges by the
word “As arranged”?
A. House AWB
B. Master AWB
C. Master AWB issued by an airline to a direct exporter
D. Master AWB issued by an airline to a forwarder
91. In carriage of goods by air, which of the following documents is signed by the
agent’s staff in the warehouse at the airport of departure after scaling the goods?
A. AWB
B. EIR
C. S.I
D. Talon
92. Number of an AWB is 001-1234 567_ The last digit is …….
A. 0
B. 1
C. 3
D. 5
The number of an AWB includes 11 digits divided into 3 parts:
- Part 1: the first 3 digits are the Airline Prefix given by IATA.
- Part 2: the next 7 digits are the Serial Number of the AWB given by the airline.

19
 - Part 3: the last digit is the Check Digit.
The Check Digit is derived by dividing 7 digits Serial Number by 7. The remainder
determines the Check Digit.
® 1234567 ÷ 7 = 176366; R = 5
93. “AWB: 217-3504 001_”. What is the missing digit (the last digit) of this AWB
number:
A. 6
B. 4
C. 2
D. 0
® 3504001 ÷ 7 = 500571; R = 4
94. What is the color of the copy of shipper’s letter of instruction which is
submitted to airline counter to issue AWB?
A. Yellow
B. White
C. Pink
D. Blue
The international air conventions provide that the AWB is issued in a set of 3 originals
and 6-11 copies. The three originals of different colours have pre-printed terms and
conditions. The copies have only one page with blank reverse side; Except for copy 4
of yellow colour other copies are white.
- Original 1 is of green colour and marked “for the carrier”. This original shall be
signed by the consignor as an acknowledgement that the contents of the AWB are
correct.
- Original 2 is of pink colour with the mark “for the consignee”. This original is
signed by the consignor and by the carrier and delivered to nominated consignee with
cargo. The consignee may use it to complain to the carrier in case of damage to or loss
of cargo.
- Original 3 is of blue colour with the mark “for the consignor”. This original is
signed by the carrier and shall be handed to the consignor after the goods have been
accepted by the carrier for carriage.
- Copy 4 (yellow colour) is delivery receipt. It is signed by the consignee and serves
as an evidence that the carrier had handled cargo to the nominated consignee.

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 - Copy 5 (white): for airport of destination.
- Copy 6 (white): for the third carrier.
- Copy 7 (white): for the second carrier.
- Copy 8 (white): for the first carrier.
- Copy 9 (white): for agent of the carrier.
- Copies 10 and 11 (white): extra copies for the carrier.
- Copy 12 (white): for customs authority.
95. Which is right in terms of distribution of AWB?
A. The shipper receives a full set of originals of AWB from the carrier and then he
will send all originals by express courier to the importer and he keeps copies
B. The shipper only keeps one original and one copy, others are distributed to
relevant parties
C. The shipper receives a full set of originals of AWB from the carrier and then he
will send all by express courier to the importer
D. The shipper receives a full set of originals of AWB from the carrier and then he
will send the original No. 2 by express courier to the importer
96. In carriage by air, how to converse measurement into weight?
A. 1 CBM is equal 6000 cm3
B. 6000 cm3 is equal 1 kg
C. 1 CBM is equal 1000 kgs
D. 1 CBM is equal 1 MT
97. In carriage of goods by air, which below is the heavy cargo?
A. Time-sensitive products
B. Gross weight: 200 kgs, Volume: 120,000 cm3
C. Gross weight: 200 kgs, Volume: 2 CBM
D. Perishable cargo
Gross weight > Volume weight ® heavy cargo.
Gross weight < Volume weight ® bulky cargo.
98. In carriage of goods by air, which below is the bulky cargo?
A. Perishable cargo

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 B. Gross weight: 200 kgs, Volume: 1 CBM
C. Time-sensitive products
D. Gross weight: 200 kgs, Volume: 1 500 000 cm3
99. A consignment of 10 cartons, dimension of each 60x30x40cm, weight of each
carton: 10 kgs. Chargeable weight is…kgs. (WRITE NUMBER ONLY, Ex: 100)
Gross weight: 10 ´ 10 = 100 kgs
60 × 30 × 40
Volume weight: × 10 = 120 kgs
6000
® Chargeable weight: 120 kgs
100. A consignment of 10 cartons, dimension of each 60x30x50cm, weight of each
carton: 20 kgs. Chargeable weight is…kgs.
A. 180
B. 200
C. 220
D. No right answer
Gross weight: 10 ´ 20 = 200 kgs
60 × 30 × 50
Volume weight: × 10 = 150 kgs
6000
® Chargeable weight: 200 kgs
101. An air shipment consists of:
- 10 packages of pack bags, total GW: 100 kgs, total VW: 80 kgs
- 10 packages of shirts, total GW: 90 kgs, total VW: 130 kgs
Calculate the chargeable weight (kgs).
A. 230
B. No right answer
C. 210
D. 190
Total gross weight = 100 + 90 = 190 kgs
Total volume weight = 80 + 130 = 210 kgs
® Chargeable weight: 210 kgs

22
102. Shipper AnhPhuong has an air consignment with 2 kinds of cargoes (apply
the same applicable rate) with the packages, weight, dimension respectively as
below:
- Backpack: 10 cartons, 10kg/each, 60x30x30 cm
- T-shirt: 10 cartons, 12kg/each, 60x40x40 cm
Chargeable weight of the consignment is …… kgs
A. 220
B. 260
C. 270
D. 250
Total gross weight = 10 ´ 10 + 10 ´ 12 = 220 kgs
60 × 30 × 30 60 × 40 × 40
Total volume weight: × 10 + × 10 = 250 kgs
6000 6000
® Chargeable weight: 250 kgs
103. An air shipment consists of 10 packages, Gross weight 60 kg/ package, Volume
0.2 CBM/ package. Freight quotation -45: 4.5; +45: 4.1; +100: 3.8; +300: 3.6; +500:
3.1; +1000: 2.9 (ĐVT: USD/kg). Calculate the total A/F of the shipment. (ONLY
WRITE DOWN NUMBER, Ex: 2300)
Gross weight: 10 ´ 60 = 600 kgs
0.2 × 1000
Volume weight: × 10 = 333.333 kgs
6
® Chargeable weight: 600 kgs
® Total A/F (Air Freight) = Chargeable weight ´ rate = 600 ´ 3.1 = 1860 USD
104. An air shipment consists of 10 packages, Gross weight 67 kg/ package, Volume
0.4 CBM/ package. Freight quotation -45: 4.5; +45: 4.1; +100: 3.8; +300: 3.6; +500:
3.3; +1000: 2.9 (ĐVT: USD/kg). Calculate the total A/F of the shipment. (ONLY
WRITE DOWN NUMBER, Ex: 2300)
Gross weight: 10 ´ 67 = 670 kgs
0.4 × 1000
Volume weight: × 10 = 666.667 kgs
6
® Chargeable weight: 670 kgs
® Total A/F (Air Freight) = Chargeable weight ´ rate = 670 ´ 3.3 = 2211 USD

23
105. An air shipment consists of 10 packages, Gross weight 70 kg/ package, Volume
0.4 CBM/ package. Freight quotation -45: 4.5; +45: 4.1; +100: 3.8; +300: 3.6; +500:
3.3; +1000: 2.9 (ĐVT: USD/kg). Calculate the total A/F of the shipment. (ONLY
WRITE DOWN NUMBER, Ex: 2300)
Gross weight: 10 ´ 70 = 700 kgs
0.4 × 1000
Volume weight: × 10 = 666.667 kgs
6
® Chargeable weight: 700 kgs
® Total A/F (Air Freight) = Chargeable weight ´ rate = 700 ´ 3.3 = 2310 USD
106. A sea shipment with gross weight 5 MT, Measurement 3 CBM. Freight
quotation at origin O/F: 40 USD/CBM, THC: 10 USD/CBM, Bill fee: 30
USD/shipment, CFS: 10 USD/CBM. Calculate the total amount (including freight
and charges) the shipper pays to carrier? (ONLY WRITE DOWN NUMBER, EX:
120)
Gross weight: 5 ´ 1000 = 5000 kgs
Volume weight: 3 ´ 1000 = 3000 kgs
® Chargeable weight: 5000 kgs = 5 MT = 5 CBM
® Total amount = 40 ´ 5 + 10 ´ 5 + 30 + 10 ´ 5 = 330 USD
107. Shipment shipped by sea with gross weight 3 MT, Measurement 2 CBM.
Freight quotation at origin O/F: 30 USD/CBM, THC: 10 USD/CBM, Bill fee: 35
USD/shipment, CFS: 10 USD/CBM. Calculate the total amount (including freight
and charges) the shipper pays to carrier? (ONLY WRITE DOWN NUMBER, EX:
120)
Gross weight: 3 ´ 1000 = 3000 kgs
Volume weight: 2 ´ 1000 = 2000 kgs
® Chargeable weight: 3000 kgs = 3 MT = 3 CBM
® Total amount = 30 ´ 3 + 10 ´ 3 + 35 + 10 ´ 3 = 185 USD
108. Shipment carried by sea with gross weight 4 MT, Measurement 3 CBM.
Freight quotation at origin O/F: 30 USD/CBM, THC: 15 USD/CBM, Bill fee: 30
USD/shipment, CFS: 10 USD/CBM. Note: 1 CBM is equal to 1 MT, whichever
greater is used. Calculate the total amount (including freight and charges) the
shipper pays to the carrier.
A. 230 USD

24
 B. 250 USD
C. 195 USD
D. No right answer
Gross weight: 4 ´ 1000 = 4000 kgs
Volume weight: 3 ´ 1000 = 3000 kgs
® Chargeable weight: 4000 kgs = 4 MT = 4 CBM
® Total amount = 30 ´ 4 + 15 ´ 4 + 30 + 10 ´ 4 = 250 USD
109. Which has the same meaning with a “ship”?
A. Vessel
B. Navigation Chart
C. Bridge
D. Seashore
110. …… is the vertical distance between a ship’s waterline and the lowest point
of its bottom. (1 WORD)
Draught
111. Draft influenced by ……
A. Water zone (salt or fresh water)
B. Temperature of water
C. Cargo loads
D. All of the above
112. The water level long the hull when the ship is afloat ……
A. Waterline
B. Waterproof
C. Main deck
D. Portside
113. Which statement is right in terms of ULD (Unit Loading Device)?
A. It is used for air transportation
B. It is a special aircraft
C. It is used for sea transportation

25
 D. It is only used for transportation going through canals
114. What does RORO stand for?
A. Rolling Materials Only
B. Roll-on / Roll-off
C. Robust Owners Rolling Out shires
D. Roll-in / Roll-out
115. In voyage chartering, the shipowner is liable for ……
A. Stores & supplies for the voyage
B. Employing crew members
C. Paying wages for crew members
D. All above
116. In bareboat chartering, the shipowner is liable for ……
A. Employing crew members
B. Paying wages for crew members
C. Operation expenses
D. None of the above
117. When a buyer is using FAS rule, where does his responsibility start?
A. At the freight forwarder’s office
B. At the port of loading
C. At the seller’s premises
D. At the port of discharge
118. Which of the following is governed by Warsaw Convention?
A. Carriage of goods by sea
B. Carriage of goods by air except carriage performed under the terms of any
international postal Convention
C. International flights
D. International carriage by air except carriage performed under the terms of any
international postal Convention
119. Which of the following may be used to govern carriage of goods by sea?
A. Hamburg, Hague, Hague - Visby

26
 B. Hamburg, Hague protocol 1955, Hague - Visby
C. Hague protocol 1955, Warsaw
D. A and B
120. Which of the following may be used to govern carriage of goods by sea?
A. Hamburg, Hague protocol 1955, Hague - Visby
B. Hague protocol 1955, Warsaw
C. Hamburg, Hague, Hague - Visby, Warsaw
121. Which convention provides the wider period of liability?
A. Hague, Hague - Visby
B. Hamburg
122. Which convention is more beneficial to carrier?
A. Hague, Hague - Visby
B. Hamburg
123. What is a Bulk Shipment (bulk cargo)?
A. Shipment which is not packaged, but is loaded directly into the vessel’s holds,
such as ores, coal, scrap, iron, grain, rice
B. Shipment of perishable items
C. Fleet of ships belonging to a country
D. Shipment is loaded in shipping containers for transport
124. The kind of products suitable to carry by pipeline is ……
A. Agricultural product
B. High value product
C. Bulk cargo
D. Liquid
125. Which below mentions capacity to carry commercial goods of a ship?
A. DWC
B. DWCC
C. HD
D. LD

27
 HD - Heavy Displacement
LD - Light Displacement
DWC - Deadweight Capacity
DWCC - Deadweight Cargo Capacity
DWC = HD – LD
126. Which below mentions the carrying of all items (including stores, crew’s
luggage) of a ship?
A. DWC
B. DWCC
C. HD
D. None of the above
127. Cargo owner hires vessel to carry the goods from Cat Lai terminal to Los
Angeles. The vessel schedule shows that Messini sails from Cat Lai to Kaohsiung
(R.O.C) and then the goods are uploaded on YM Maturity to be transported to Los
Angeles. So,…
A. YM Maturity is the feeder vessel
B. Messini is the feeder vessel
C. Both Messini and YM Maturity are the feeder vessel
D. Feeder means barge, and no feeder in this case
128. Based on the issuer, two types of B/L are……
A. Bearer B/L and Straight B/L
B. Master B/L and House B/L
C. Clean B/L and Unclean B/L
D. Liner B/L and Charter party B/L
v Based on the situation on board (whether the cargo is shipped on board or
not)
- Received for shipment B/L.
- Shipped on board B/L.
v Based on the right of transfer (negotiability of the bill of lading)
- Bearer B/L.

28
 - Straight B/L.
- Order B/L.
v Based on the captain’s comment (remark/notation/clause of ship’s master or
carriers on B/L)
- Clean B/L.
- Unclean B/L.
v Based on the issuer (consolidation of cargo)
- Master B/L.
- House B/L.
v Based on method of chartering
- Liner B/L.
- Charter party B/L (B/L to be used with charter party).
v Based on transshipment
- Direct B/L.
- Through B/L.
- Multimodal B/L (Combined transport B/L).
129. Which kind of endorsement makes a bill of lading non-negotiable?
A. Blank endorsement
B. To order endorsement
C. Named endorsement
D. None of the above
Blank endorsement: who holds this B/L will become the owner of the cargo ® bearer
bill of lading,
Named endorsement: endorsee is the owner of the cargo ® straight bill of lading and
non-negotiable.
To order endorsement: last endorsee is the owner of the cargo ® negotiable bill of
lading.
130. Which kinds of laytime in the VOYAGE charter party best benefit charterer?
A. WWDSHEX
B. WWDSHINC

29
 C. WWDSHEXEU
D. WWDSHEXUU
WWDSHEX - Weather Working Days, Sundays and Holidays EXcepted
WWDSHINC - Weather Working Days, Sundays and Holidays INCluded
WWDSHEXEU - Weather Working Days, Sundays and Holidays EXcepted Even
Used
WWDSHEXUU - Weather Working Days, Sundays and Holidays EXcepted Unless
Used
131. Freehand shipment - Nominated shipment.
- Under EXW & F group: importer/buyer charters the vessel.
+ Exporter/seller: nominated shipment.
+ Importer/buyer: freehand shipment.
- Under C group & D group: exporter/seller charters the vessel.
+ Exporter/seller: freehand shipment.
+ Importer/buyer: nominated shipment.
132. Notify Party on the bill of lading.

Consignee Notify Party

Forwarder Forwarder

Importer/buyer
Importer/buyer
Forwarder

To order …. Importer/buyer

To order of shipper Forwarder

Importer/buyer
To order of bank
Forwarder

30
 PART 2: INSURANCE
1. Effecting insurance is the way which businessmen can ……
A. Prevent risks
B. Avoid risks
C. Stop risks
D. Manage risks
2. Risk is evaluated on the basis of …… theory.
A. Variability
B. Contingency
C. Probability
D. All of the answers
3. In marine insurance parlance, “average” means ……
A. Loss
B. Cost
C. Freight
D. Premium
4. Insurance helps to ……
A. Prevent adverse situations from occurring
B. Reduce the financial consequences of adverse situations
C. Make assets continuously productive
D. All of the above
5. Marine cargo insurance shall cover losses/damages caused by ……
A. Overturning of land conveyance
B. Ordinary leakage of the goods
C. Inherent vice of the goods
D. Delay of the adventure
6. The assured can be recovered/compensated an amount higher than the loss value
of the subject matter insured (plus survey cost if any) in the below case ……
A. Double insurance

31
 B. The sum insured A < V
C. The sum insured A > V
D. None of the above
7. The insurer agrees to compensate the insured in case there is loss of, damage to
the goods. In return, he is paid a sum of money called ……
A. Subject matter insured
B. None
C. Policy
D. Premium
8. Which factor affect the premium rate in an insurance policy?
A. Nature of goods, type of merchandise
B. Method of packing
C. Insurance clause
D. All of the above
9. Which factor DOES NOT determine the premium rate of a shipment?
A. The carrying vessel
B. Nature of packing and type of merchandise
C. The transit time and insurance clause
D. None of the above
10. In order to claim for compensation, the assured must have an insurable
interest in the policy when ……
A. The loss occurs
B. The policy is effected
C. The marine adventure begins
D. It elects to acquire interest after a loss
The insurer will pay even if loss insured against has occurred prior to the effecting
the insurance provided there is no fraud.
11. In marine insurance, to make a claim, the assured MUST have an insurable
interest in the goods insured at ……
A. At the time of effecting an insurance

32
 B. At the time of loss
C. A and B
D. not necessary
12. In case any accident occurs, the cause is known as ……
A. Loss
B. Subject matter insured
C. Damage
D. Peril
13. In marine insurance, two types of total losses are ……
A. Actual and Partial
B. Constructive and Partial
C. Actual and Constructive
D. None of the above
v Based on the coverage extent: losses of and the damages to the goods are
classified as covered or excluded.
- Covered losses.
- Excluded losses.
v Based on the extent of loss: losses of and the damages to the goods are classified
as total or partial.
- Total losses.
+ Actual total losses
+ Constructive total losses.
- Partial losses.
v Based on the characteristics of loss: losses of and the damages to the goods are
classified as particular average or general average.
- Particular average.
- General average.
14. In marine insurance, based on the characteristics of loss, two types of losses
are……
A. Particular average and General average

33
 B. Covered and Excluded
C. Actual and Constructive
D. Total and Partial
15. The value of the shipment is 10,000 USD. The buyer’s effected a contract of
insurance with insurable amount 7,000 USD. Which of the followings is true?
A. The buyer must pay 7,000 USD to the insurer for the latter’s protection against
loss / damage to these goods
B. The buyer must pay a small amount of money equivalent to R (insurance rate)
multiplying 7,000 to the insurer
C. The buyer must pay a premium based on the formular I = R (insurance rate ) x
10,000 to the insurer
D. None of the above
16. The shipment of 2 containers of rice worth 30,000 USD which has been insured
under a policy with Bao Viet is burnt by lightning. Under ICC (2009), what is the
subject matter insured?
A. 30,000 USD
B. The shipment of 2 containers of rice
C. Bao Viet
D. Lightning
Subject matter insured: goods, properties or any subjects which are undertaken under
a certain insurance policy.
17. The liability of the insurer for the subject matter insured was NOT mentioned
by ……
A. Checking the shipping documents of the shipment
B. Checking and ranking the class of the vessel to make sure she has seaworthiness
and fitness to carry the object insured
C. Surveying and paying compensation
D. Claiming the 3rd party if the losses/damages to the objects insured have been
caused by their fault
18. If the shipment insured undervalue is damaged resulted from the carrier’s
fault, the insured may ……
A. Claim all damaged value from the carrier

34
 B. Claim all damaged value from the underwriter
C. Claim the amount of compensation from the insurer and submit the subrogation
letter to him, then the insurer must pass the excess proceeds claimed from the
carrier to the insured
D. A or C
19. Which is true in terms of “abandonment notice”?
A. The carrier abandons the goods and send the notice to consignee
B. The insured abandons the subject matter insured and send the notice to the carrier
C. The insured wants to leave the goods with actual partial loss to the insurer and
send abandonment notice to the insurer for his acceptance. This shipment is
always compensated as partial loss
D. If this notice is accepted by the insurer, he has the right to possession of the goods
and treat the partial loss of the shipment as total loss
20. Insurance may cover from warehouse to warehouse. So, departure warehouse
is ……
A. Storage warehouse of semi products
B. Storage warehouse of finished products
C. Storage warehouse (at the place named in the Insurance Contract) for the purpose
of immediate loading on the carrying conveyance to commence transit
D. Warehouse for re-package the subject matter insured in the insurance contract
21. The goods had been commenced in transit, then the insured concluded an
insurance contract with period from warehouse to warehouse. If loss had occurred
before the contract of insurance was concluded, ……
A. The Assured shall be entitled to recover for the loss from the Insurer unless the
Assured were aware of the loss when the contract was concluded.
B. The insurer is always entitled to reject the compensation for this loss
C. The insurer is entitled to compensate a part of the loss
D. B and C
22. At the time of effecting an insurance contract, it’s required that the
insured……
A. Had the insurable interest in the subject matter insured
B. Had or may acquire the insurable interest in the subject matter insured latter

35
 C. Must have a Bill of lading for the shipment
D. A and C
23. Place of destination in the contract of insurance is Company B, Quang Trung,
Go Vap District, HCMC. The goods shall arrive Cat Lai port, and be moved into
CFS for un-stuffing. The arrival date: 1 Oct. When shall the insurance terminate?
A. On completion of unloading from vessel and moving in CFS at Cat Lai port
B. On completion of moving the goods at the warehouse of Company B
C. On 30 Nov if this date occurs before the arrival date of the goods at Company B
D. On the expiry of 60 days after the date when the goods arrive Company B
24. WA is one insurance clause in the version of...
A. ICC 1963
B. ICC 1982
C. ICC 2009
D. None of the above
ICC 1963 includes 3 clauses:
- FPA: Free From Particular Average
- WA: With Particular Average
- AR: All Risks
25. Under a sales contract with FOB rule, the importer is required to buy insurance
with the isurance clause ……
A. ICC (A)
B. ICC (B)
C. Not compulsory to buy insurace
D. ICC (C)
26. Under a sales contract with CIF rule (Incoterms 2010), the person who has
insurable interest in the insured goods after being laden on board is ……
A. The exporter
B. The importer
C. Either the exporter or the importer, depending on different places in transit.
D. None of the above

36
27. Under ICC 2009, general average sacrifice is covered under the clause ……
A. ICC (A)
B. ICC (B)
C. ICC (C)
D. All of the answers

1. Loss of or damage to the subject-matter insured:

1.1. Reasonably attributable to
- Fire or explosion
- Vessel or craft being stranded, grounded, sunk or capsized
ICC (C) 1982, 2009

- Overturning or derailment of land conveyance

- Collision or contact of vessel craft or conveyance with any
external object other than water
ICC (B) 1982, 2009

- Discharge of cargo at a port of distress

ICC (A) 1982, 2009

1.2. Caused by
- General average sacrifice
- Jettison
2. General Average: general average and salvage charge
3. Both to Blame Collision Clause: liability incurred under any
Both to Blame Collision Clause in the contract of carriage

- Earthquake, volcanic eruption or lightning

- Jettison or washing overboard (Clause C covers only Jettison but not
washing over board)
- Entry of sea, lake or river water into vessel craft, hold conveyance,
container, liftvan or place of storage
- Total loss of any package lost overboard or dropped whilst loading on to,
or unloading from, vessel or craft

- Extraneous risks (piracy, wet, pilferage, shortage, breaks, theft, rain, leakage,
breakage, dampness, heating, hooking and rusting...)

28. Which of the followings considers the entry of rain water into container as a
covered risk?
A. ICC (A) 2009
B. ICC (C) 2009

37
 C. ICC (B) 2009
D. None of the above
29. The cargo is in a storage shed at an intermediate place on the insured transit.
A fire in part of the shed causes the roof to collapse, damaging the cargo. So,…
A. It is only be covered if the insurance policy is attached with ICC (A) clause
B. The damage to the cargo is thus not directly caused by fire, and not be covered
C. The damage is reasonably attributable to the fire, so it must be covered
D. The cargo itself is not touched by the fire, so it is not covered
30. What is the meaning of “Jettison”?
A. Common practice in the United States to attach which excludes losses related to
warm capture, seizure, riots and strikes
B. Intentional act of destruction in which cargo carried in a vessel is thrown
overboard in order to save the ship.
C. The policy which is purchased by the shipowner and attached to the hull policy
D. Insures against damage to, or loss of, the ship itself and may be issued on a single
vessel basis or on a fleet basis
31. Which act of jettisoning the goods into the sea is NOT covered by the insurer?
A. Jettison to make the ship lighter / refloat the ship
B. Jettison to speed up the ship and prevent her from being arrested by hostilities,
enemy
C. Jettison the burning goods to prevent from spreading fire to other goods
D. Jettison the rotten goods with unpleasant smell caused by the reason that the ship
had sheltered over a long period of time at the port of distress (to avoid the huge
storm)
32. In marine insurance, the ship carrying numerous cargo is exposed to a peril of
sea, then a portion of cargo in the ship is jettisoned to prevent the ship from sinking.
So,…
A. The jettisoned cargo must be borne by shipowner and this is called franchise
clause
B. The jettisoned cargo must be borne by cargo owner and this is called particular
average

38
 C. The jettisoned cargo must be borne by shipowner and this is called running down
clause
D. The loss of jettisoned cargo must be shared by involved interests and this is called
general average
33. A small part of the vessel Intan Jaya in transit from Pontianak Port, Indonesia
was damaged by lightning. However, the loaded goods thereon were still safe and
the vessel continued the marine adventure. For the loaded goods, this is ……
A. Covered risk
B. Excluded risk
C. War risk
D. None of the above
34. Which of following risks is NOT a covered one in ICC (B) 2009?
A. General average
B. Entry of sea water into the ship
C. Pilferage
D. Stranding
35. Because of the regular fall of the tide, the vessel must lie and wait for a time to
continue the adventure. Under ICC 2009, this is risk of ……
A. Stranding and be covered for loss damage to the goods
B. Stranding but not be covered for loss/damage to the goods
C. Grounding and be covered for loss/damage to the goods
D. Grounding but not be covered for loss/damage to the goods
36. Ship hit the bottom because due to low tide according to the regular schedule.
This risk is ……
A. Stranded, no compensation
B. Stranded, being compensation
C. Grounded, no compensation
D. Grounded, being compensation
37. Under ICC (A) 2009, which below is NOT a covered risk?
A. The goods were burnt by lightning

39
 B. The vessel was being stranded, the master threw a part of goods out of the vessel
to refloat the vessel
C. The river water entered the vessel and made the goods wet
D. The goods were lost due to pirate
E. None of the above
38. The insured goods will NOT be compensated for their loss due to the carrying
vessel contacting with ……
A. Oil drilling gantry
B. Ice
C. Another vessel
D. Water
39. Which is considered as risk of vessel sinking?
A. Whole vessel goes down below the surface of the water in the sea and the vessel
can’t complete her voyage
B. The vessel exposes to huge winds/ waves and the vessel float unstably on the sea
C. The vessel sinks partly as it is carrying the empty containers or timber
D. A and C
40. The insurer is liable for loss/ damage to the subject matter insured resulted
from ……
A. Fire which is spread from adjacent goods
B. Fire caused by neglect of the carrier’s servants from their cigarette ash
C. Fire by lightning
D. All of the above
41. The fruits carried in the ship sweated and were rotten due to the carelessness
of the carrier in controlling the temperature. This is covered by the insurer if the
insurance has been signed in clause ……
A. A
B. B
C. C
D. None of the above

40
42. Liability under “Both to blame collision” clause of ICC (A) has a reference
to……
A. Lloyd’s firm
B. Bill of lading
C. Proforma Invoice
D. Shipping Bills
43. A vessel worth 3,000,000 USD carrying a shipment of 200,000 USD. In voyage,
the vessel was stranded and a part of goods valued 30,000 USD was damaged. To
preventing the ship from sinking, the master ordered to jettison the goods of 60,000
USD into the sea. So, cargo owner is required to share GA based on value …… to
the total value of the adventure.
A. 140,000
B. 110,000
C. 170,000
D. 200,000
Contributory Value (CV) of cargo owner.
44. A vessel worth 3,000,000 USD carrying a shipment of 200,000 USD. In voyage,
the vessel was stranded and a part of goods valued 30,000 USD was damaged. To
preventing the ship from sinking, the master ordered to jettison the goods of 60,000
USD into the sea. So, shipowner is required to share GA based on value …… to the
total value of the adventure.
A. 3,000,000
B. 3,170,000
C. 3,200,000
D. 3,140,000
Contributory Value (CV) of shipowner.
45. A vessel worth 3,000,000 USD carrying a shipment of 200,000 USD. In voyage,
the vessel was stranded and a part of goods valued 30,000 USD was damaged. To
preventing the ship from sinking, the master ordered to jettison the goods of 60,000
USD into the sea. What is PA?
A. PA = 60,000 USD
B. PA = 30,000 USD

41
 C. PA = 90,000 USD
D. PA = 170,000 USD
46. A vessel worth 3,000,000 USD carrying a shipment of 200,000 USD. In voyage,
the vessel was stranded and a part of goods valued 30,000 USD was damaged. To
preventing the ship from sinking, the master ordered to jettison the goods of 60,000
USD into the sea. What is GA?
A. GA = 200,000 USD
B. GA = 3,000,000 USD
C. GA = 30,000 USD
D. GA = 60,000 USD
47. The shipment is worth 50,000 USD (CFR). The buyer’s effected a contract of
insurance with amount insured 55,000 USD, and rate 0.2%. Which of the
followings is true?
A. The buyer must pay 110 USD to the insurer
B. The buyer must pay 11,000 USD to the insurer
C. The buyer must pay 55,000 USD to the insurer for the latter’s protection against
loss of, damage to the goods
D. The buyer must pay 100 USD to the insurer
I = R ´ A = 0.2% ´ 55,000 = 110 USD
48. A shipment is valued at 1,000,000 USD (understood as FOB, Incoterms 2020),
and it is insured for full value 110%CIF, R = 0.3%, F = 100,000 USD. Please
calculate premium the insured shall pay.
A. I = 3,635.64 USD
B. I = 3,640.92 USD
C. I = 3,598.25 USD
D. All are incorrect
FOB + F 1,000,000 + 100,000
CIF = = = 1,103,310 USD
1–R 1 – 0.3%
I = R ´ A = R ´ 110%CIF = 0.3% ´ 1.1 ´ 1,103,310 = 3,640.92 USD
49. The shipment is worth 50,000 USD (understood as CFR, Incoterms 2020) and
is insured for 110%CIF, R = 0.2%. Please calculate premium the insured must pay.
A. I = 100 USD

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 B. I = 110 USD
C. I = 110.22 USD
D. All are incorrect
FOB + F CFR 50,000
CIF = = = = 50,100 USD
1–R 1–R 1 – 0.2%
I = R ´ A = R ´ 110%CIF = 0.2% ´ 1.1 ´ 50,100 = 110.22 USD
50. A shipment is valued at 2,000,000 USD (understood as CFR, Incoterms 2010)
and it is insured for full value CIF + anticipated profit 10%, R = 0.5%. Please
calculate premium the insured shall pay.
A. I = 115,789.47 USD
B. I = 11,055.28 USD
C. I = 10,025.25 USD
D. All are incorrect
FOB + F CFR 2,000,000
CIF = = = = 2,010,050 USD
1–R 1–R 1 – 0.5%
I = R ´ A = R ´ 110%CIF = 0.5% ´ 1.1 ´ 2,010,050 = 11,055.28 USD
51. A shipment with insurable value of 100,000 USD is insured with insurable
amount 50,000 USD. The damaged value of the shipment is 1,000 USD caused by
the covered risks. The amount of compensation is ……
A. 1,000 USD
B. 50,000 USD
C. 25,000 USD
D. 500 USD
Amount of compensation = The rario of damage ´ A – Deductible (if any)
Damage value
® Amount of compensation = ´A
V
1,000
® Amount of compensation = × 50,000 = 500 USD
100,000
52. The insured amount: 10,000 USD, deductible amount indicated in the
insurance document is 1,500 USD. Value of damage in transit is 8,000 USD caused
by the covered risks. What is the amount of compensation?
A. 4,000 USD

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B. 8,000 USD
C. 6,500 USD
D. None of the above
Amount of compensation = The rario of damage ´ A – Deductible (if any)
Damage value
® Amount of compensation = ´ A – Deductible
V
8,000
® Amount of compensation = × 10,000 – 1,500 = 500 USD
10,000

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