CIPS A9 Exam Practice Test Instant Access

Question 1

Which of the following best defines the term 'box rate'?

AThe purchase price of export cartons

BFees charged by courier companies for time sensitive parcels

CA consolidated tariff covering container freight rates

DAir-freight costs relating to unit load devices

Answer : C

Question 2

In a transaction involving a Letter of Credit, what is the name given to the correspondent bank in the seller's country?

AIssuing bank

BAdvising bank

CCollecting bank

DDiscount bank

Answer : B

Question 3

In international trade, what is meant by the term 'dumping'?

AThe use of numerical quotas to increase exports

BThe sale of toxic waste in exchange for 'green' credits

CThe sale of goods below cost price to penetrate a new market

DThe loading of containers by a freight forwarder.

Answer : A

Question 4

What is 'demurrage'?

AA technique used to improve the cosmetic appearance of freight

BThe use of internal packaging material to protect cargo

CRules allowing hauliers to carry third-country goods

DCharges payable for delays

Answer : A

Question 5

In shipments governed by an Airway Bill, who will normally claim and receive the goods?

AThe clearing agent

BThe named consignee

CThe freight forwarder

DThe airline representative.

Answer : C

Question 6

Which of the following best defines the term 'dunnage'?

AA charge payable for delays

BDelivery by a third country carrier

CMaterial used for internal packing

DThe weight of a shipment.

Answer : B

Question 7

Which of the following is most likely to have a direct effect on exchange rates?

AThe balance of payments

BValue added tax

CCommodity markets

DImport duties

Answer : D

CIPS A9 International Logistics Exam Practice Test