Module 1 and 2
Understanding Pipelines and Incoterms Quiz
Test your knowledge on Pipelines, Incoterms, and transportation definitions with this engaging quiz. Whether you're a beginner or a seasoned professional, this quiz covers essential concepts that are critical in today’s global trade environment.
- 11 Questions
- Multiple Choice Format
- Evaluate your understanding of key logistics terms
Describe 'Pipelines'
Pipelines are a standardized series of steps set up by your Insightly administrator.
Pipelines are created automatically at the end of a sales process when someone converts an opportunity.
Pipelines are a flexible way to set target dates and can also be used to group tasks
Pipelines are records for managing your work outside of sales.
When viewing a list of projects, you can also select this view, in which you can see all projects in a selected Pipeline.
Leads
Reports
Milestones
Kanban
What are 'Incoterms'?
They are a flexible way to set target dates and can also be used to group tasks.
They are a voluntary, authoritative, globally-accepted, and adhered-to text for determining the responsibilities of buyers and sellers for the delivery of goods under sales contracts for international trade.
They are an essential component of many items, including water bottles, combs, and beverage containers
They are a bulk carrier, bulk freighter, or colloquially, bulker is a merchant ship specially designed to transport unpackaged bulk cargo, such as grains, coal, ore, and cement in its cargo holds.
Define FOB/EXW in our business
Seller clears the goods for export and delivers them to the carrier or another person stipulated by the seller at a named place of shipment, at which point risk transfers to the buyer. Seller is responsible for the transportation costs associated with delivering goods and procuring insurance coverage to the named place of destination.
The seller is responsible for either making the goods available at its own premises or at a named place. In either case, the seller is responsible for loading the goods on the buyer's transport and is responsible for delivery to the port and export clearance including security requirements. Risk transfers once the goods are loaded on the buyer’s transport.
Seller clears the goods for export and bears all risks and costs associated with delivering the goods and unloading them at the terminal at the named port or place of destination.
The seller fulfills its obligations by having the goods available for the buyer to pick up at its premises or another named place (i.e. factory, warehouse, etc.). Buyer bears all risk and costs starting when it picks up the products at the seller’s location or other named place until the products are delivered to its location.
Define FAS in our business
Free At Sailing: Seller clears the goods for export and delivers them when they are on board the vessel at the port of shipment. Seller bears the cost of freight to the named port of destination. Buyer assumes all risks for the goods from the time the goods have been delivered on board the vessel at the port of shipment.
Free at Source: The seller fulfills its obligations by having the goods available for the buyer to pick up at its premises or another named place (i.e. factory, warehouse, etc.). Buyer bears all risk and costs starting when it picks up the products at the seller’s location or other named place until the products are delivered to its location.
Free Alongside Ship: Seller clears the goods for export and delivers them when they are placed alongside the vessel at the named port of shipment. Buyer assumes all risks/costs for goods from this point forward
Fast at Sea: Seller clears the goods for export and delivers them to the carrier or another person stipulated by the seller at a named place of shipment, at which point risk transfers to the buyer. Seller is responsible for the transportation costs associated with delivering goods to the named place of destination but is not responsible for procuring insurance.
Define DAP in our business
Delivered at Port: Seller clears the goods for export and delivers them when they are placed alongside the vessel at the named port of shipment. Buyer assumes all risks/costs for goods from this point forward.
Delivered at Place: Seller clears the goods for export and bears all risks and costs associated with delivering the goods to the named place of destination not unloaded. DAP means the buyer is responsible for all costs and risks associated with unloading the goods and clearing customs to import the goods into the named country of destination.
Duty All Paid: DDP Incoterms means the seller bears all risks and costs associated with delivering the goods to the named place of destination ready for unloading and cleared for import.
Delivery All Paid: Seller clears the goods for export and bears all risks and costs associated with delivering the goods and unloading them at the terminal at the named port or place of destination. Buyer is responsible for all costs and risks from this point forward including clearing the goods for import at the named country of destination.
Define CNF/CFR in our business
Cost and Freight: Seller clears the goods for export and delivers them when they are on board the vessel at the port of shipment. Seller bears the cost of freight to the named port of destination. Buyer assumes all risks for the goods from the time the goods have been delivered on board the vessel at the port of shipment.
Cost Not Free: The seller fulfills its obligations by having the goods available for the buyer to pick up at its premises or another named place (i.e. factory, warehouse, etc.). Buyer bears all risk and costs starting when it picks up the products at the seller’s location or other named place until the products are delivered to its location. Seller has no obligation to load the goods or clear them for export.
Charges and Freight: Seller clears the goods for export and delivers them when they are on board the vessel at the port of shipment. Seller bears the cost of freight and insurance to the named port of destination. The seller is required to purchase the minimum level of insurance under Clause C of the Institute Cargo Clauses.
Charges not Free: Seller clears the goods for export and delivers them when they are on board the vessel at the named port of shipment. Buyer assumes all risks and cost for goods from this moment forward.
Pipelines are unique for each possible purchase and sale term
True
False
Define Intermodal Transport
Freight includes all freight shipments that solely occupy a trailer. These are large volume or weight shipments from point to point. Weight limits depend on the weight of the vehicle and local laws, but typically are around 34,000 – 45,000 lbs. In the US.
Shipments are arranged from individual rail cars to entire trains depending on the needs of the shipper. Individual rail car shipments can be carried by a wide array of specialty rail cars such as triple decker car carriers, intermodal cars, and ore cars.
Any combination of transportation modes; specifically truck, train, ship, and plane. Intermodal allows shipments to maximize the benefits of each mode to ensure the most economical and timely outcome.
Goods are transported first to the origin airport then are flown to the destination airport where they are shipped via truck to a final destination. This is the fastest method of delivering goods between two destinations but also one of the costliest.
Define a 53' Dry Van
Trailers are covered trailers with a flat deck. Van trailers are the most common type of trailer utilized for freight transportation in the US. The box covers the load from the elements and helps to secure the load.
Any load that exceeds the standard legal size and/or weight limits for a particular route. In most US states this includes loads that are wider than 8’ 6" or taller than 13’ 6". Loads that are excessively long (combination length) or heavy (total or per axle) also fall into the oversized category.
Freight includes shipments that require a temperature regulated trailer. Refrigerated trailers have a large capacity climate control unit mounted on the front of the trailer and run off of a secondary fuel supply. The trailers can be partitioned for zoned temperature control.
Freight is any load that is put onto a flatbed trailer. Flatbed loads need to be secured by the driver and are open to the elements. Flatbeds, due to their open nature, allow certain loads, such as large generators, to be loaded with greater speed and safety since a crane can be used rather than a forklift.
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