Question 1

A(n) ________ is a seagoing common carrier operating with a stated rate schedule but without established routes.

Accepted Answer

A)  common carrier 
B)  conference line 
C)  independent line 
D)  tramp vessel 
A)  common carrier 
B)  conference line 
C)  independent line 
D)  tramp vessel D

Question 2

Which of the following terms refers to a charge imposed on a charterer when a chartered ship has less than a full load?

Accepted Answer

A)  demurrage 
B)  dead freight 
C)  maritime lien 
D)  straight bill of lading 
A)  demurrage 
B)  dead freight 
C)  maritime lien 
D)  straight bill of lading B

Question 3

Which of the following terms refers to a contract in which the owner agrees to provide the ship at a named port at a specified time and to carry the goods to the contract destination?

Accepted Answer

A)  voyage charterparty 
B)  no arrival, no sale contract 
C)  maritime lien 
D)  claused bill of lading 
A)  voyage charterparty 
B)  no arrival, no sale contract 
C)  maritime lien 
D)  claused bill of lading A

Question 4

A charterparty is a contract for the hire of an entire ship for a particular voyage or a set period of time.

Accepted Answer

A) True 
 B)False

Question 5

Which of the following best describes a straight bill of lading?

Accepted Answer

A)  It is a bill of lading issued to a named consignee that is not negotiable. 
B)  It is a bill of lading indicating that the goods have been properly loaded on board the carrier's ship. 
C)  It is a bill of lading indicating that some discrepancy exists between the goods loaded and the goods listed on the bill. 
D)  It is a bill of lading that is negotiable. 
A)  It is a bill of lading issued to a named consignee that is not negotiable. 
B)  It is a bill of lading indicating that the goods have been properly loaded on board the carrier's ship. 
C)  It is a bill of lading indicating that some discrepancy exists between the goods loaded and the goods listed on the bill. 
D)  It is a bill of lading that is negotiable.

Question 6

Which of the following terms refers to the point in the transaction where the risk of loss or damage to the goods is transferred from the seller to the buyer?

Accepted Answer

A)  demurrage 
B)  ad litem 
C)  contra legem 
D)  delivery 
A)  demurrage 
B)  ad litem 
C)  contra legem 
D)  delivery

Question 7

Bearer instruments are transferred by negotiation.

Accepted Answer

A) True 
 B)False

Question 8

Differentiate between particular average and general average.

Accepted Answer

Particular average is a loss to a ship o

Question 9

The contract of carriage between a charterer and a shipowner is the charterparty.

Accepted Answer

A) True 
 B)False

Question 10

A "with average" policy contains a ________ that provides for payment only if the loss exceeds a specified minimum amount.

Accepted Answer

A)  Himalaya Clause 
B)  franchise clause 
C)  constructive loss clause 
D)  loss payee clause 
A)  Himalaya Clause 
B)  franchise clause 
C)  constructive loss clause 
D)  loss payee clause

Question 11

Where the owner or operator of a vessel is willing to carry goods for more than one person, the vessel is known as a free carrier.

Accepted Answer

A) True 
 B)False

Question 12

The trade term "________" is used when the seller fulfills his obligations to deliver the goods passed over the ship's rail at the named port of shipment.

Accepted Answer

A)  free on board 
B)  freight forwarder 
C)  common carrier 
D)  dead freight 
A)  free on board 
B)  freight forwarder 
C)  common carrier 
D)  dead freight

Question 13

The transfer of a straight bill gives the transferee greater rights than those of his transferor.

Accepted Answer

A) True 
 B)False

Question 14

Under an ex works contract, all the costs connected with transportation are the responsibility of the seller.

Accepted Answer

A) True 
 B)False

Question 15

The insurance policy represents the cost element of a contract.

Accepted Answer

A) True 
 B)False

Question 16

Total loss of cargo is governed by a ________ in a maritime insurance policy.

Accepted Answer

A)  loss payable clause 
B)  Himalaya Clause 
C)  constructive loss clause 
D)  loss payee clause 
A)  loss payable clause 
B)  Himalaya Clause 
C)  constructive loss clause 
D)  loss payee clause

Question 17

A bill of lading is an instrument issued by an ocean carrier to a shipper with whom the carrier has entered into a contract for the carriage of goods.

Accepted Answer

A) True 
 B)False

Question 18

A bill of lading is a document of title.

Accepted Answer

A) True 
 B)False

Question 19

Which of the following is true of maritime liens?

Accepted Answer

A)  They attach to the res and travel with it. 
B)  They require possession in both common law and civil law countries. 
C)  In civil law countries, the owner is not essential to the existence of a lien against a ship. 
D)  If a vessel is sold, the lien does not go with the ship, if the new owner is unaware of its existence. 
A)  They attach to the res and travel with it. 
B)  They require possession in both common law and civil law countries. 
C)  In civil law countries, the owner is not essential to the existence of a lien against a ship. 
D)  If a vessel is sold, the lien does not go with the ship, if the new owner is unaware of its existence.

Question 20

A ________ is the vessel or cargo to which a maritime lien attaches.

Accepted Answer

A)  mare liberum 
B)  quaere 
C)  situs 
D)  res 
A)  mare liberum 
B)  quaere 
C)  situs 
D)  res

A(n) ________ is a seagoing common carrier operating with a stated rate schedule but without established routes.

Which of the following terms refers to a charge imposed on a charterer when a chartered ship has less than a full load?

Which of the following terms refers to a contract in which the owner agrees to provide the ship at a named port at a specified time and to carry the goods to the contract destination?

A charterparty is a contract for the hire of an entire ship for a particular voyage or a set period of time.

Which of the following best describes a straight bill of lading?

Which of the following terms refers to the point in the transaction where the risk of loss or damage to the goods is transferred from the seller to the buyer?

Bearer instruments are transferred by negotiation.

Differentiate between particular average and general average.

The contract of carriage between a charterer and a shipowner is the charterparty.

A "with average" policy contains a ________ that provides for payment only if the loss exceeds a specified minimum amount.

Where the owner or operator of a vessel is willing to carry goods for more than one person, the vessel is known as a free carrier.

The trade term "________" is used when the seller fulfills his obligations to deliver the goods passed over the ship's rail at the named port of shipment.

The transfer of a straight bill gives the transferee greater rights than those of his transferor.

Under an ex works contract, all the costs connected with transportation are the responsibility of the seller.

The insurance policy represents the cost element of a contract.

Total loss of cargo is governed by a ________ in a maritime insurance policy.

A bill of lading is an instrument issued by an ocean carrier to a shipper with whom the carrier has entered into a contract for the carriage of goods.

A bill of lading is a document of title.

Which of the following is true of maritime liens?

A ________ is the vessel or cargo to which a maritime lien attaches.

Introduction to International and Comparative Law

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Exam 11: Transportation

A(n) ________ is a seagoing common carrier operating with a stated rate schedule but without established routes.

Which of the following terms refers to a charge imposed on a charterer when a chartered ship has less than a full load?

Which of the following terms refers to a contract in which the owner agrees to provide the ship at a named port at a specified time and to carry the goods to the contract destination?

A charterparty is a contract for the hire of an entire ship for a particular voyage or a set period of time.

Which of the following best describes a straight bill of lading?

Which of the following terms refers to the point in the transaction where the risk of loss or damage to the goods is transferred from the seller to the buyer?

Bearer instruments are transferred by negotiation.

Differentiate between particular average and general average.

The contract of carriage between a charterer and a shipowner is the charterparty.

A "with average" policy contains a ________ that provides for payment only if the loss exceeds a specified minimum amount.

Where the owner or operator of a vessel is willing to carry goods for more than one person, the vessel is known as a free carrier.

The trade term "________" is used when the seller fulfills his obligations to deliver the goods passed over the ship's rail at the named port of shipment.

The transfer of a straight bill gives the transferee greater rights than those of his transferor.

Under an ex works contract, all the costs connected with transportation are the responsibility of the seller.

The insurance policy represents the cost element of a contract.

Total loss of cargo is governed by a ________ in a maritime insurance policy.

A bill of lading is an instrument issued by an ocean carrier to a shipper with whom the carrier has entered into a contract for the carriage of goods.

A bill of lading is a document of title.

Which of the following is true of maritime liens?

A ________ is the vessel or cargo to which a maritime lien attaches.

Introduction to International and Comparative Law

State Responsibility and Environmental Regulation

Dispute Settlement

The Multinational Enterprise

Foreign Investment

Money and Banking

Trade in Goods

Services and Labor

Intellectual Property

Sales

Financing

Filters