Scribd
Upload
595 views2 pages

Shipping Business Final Paper

The document provides a list of questions for an exam on shipping business. It includes questions about electronic data interchange replacing traditional shipping documents, types of bills of lading, the roles of various international organizations related to shipping like IMO, IACS, IMB, BIMCO and FONASBA, the role of sale and purchase brokers, definitions of international trade terms like EXW, FOB, etc., the roles of chambers of commerce and the International Chamber of Commerce, and the principle of insurable interest as it relates to marine insurance. The candidates are instructed to choose five questions to answer in three hours.

Uploaded by

Jaspreet Singh Brar
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
595 views2 pages

Shipping Business Final Paper

The document provides a list of questions for an exam on shipping business. It includes questions about electronic data interchange replacing traditional shipping documents, types of bills of lading, the roles of various international organizations related to shipping like IMO, IACS, IMB, BIMCO and FONASBA, the role of sale and purchase brokers, definitions of international trade terms like EXW, FOB, etc., the roles of chambers of commerce and the International Chamber of Commerce, and the principle of insurable interest as it relates to marine insurance. The candidates are instructed to choose five questions to answer in three hours.

Uploaded by

Jaspreet Singh Brar
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd

TUESDAY 3RD NOVEMBER 2015 A F T E R N O O N

SHIPPING BUSINESS
Time allowed three hours

Answer any FIVE questions all questions carry equal marks

Please read the questions carefully before answering

1. During recent years, the use of electronic data interchange (EDI) has been adopted by the shipping
industry.

Provide an example of where EDI has replaced traditional shipping documents and comment upon
its strengths and weaknesses.

2. There are several types of Bills of Lading used in international trade.


Explain FOUR of the following B/L types:

i) Received for shipment bill of lading


ii) Negotiable bill of lading
iii) Charterparty bill of lading
iv) Through bill of lading
v) Multi-modal transport bill of lading
vi) Stale bill of lading

3. Answer BOTH parts of the question

a) Explain the role of the IMO.


b) Explain how IMO conventions are implemented and enforced.

4. There are a large number of national and international organisations directly or indirectly
connected with the business of shipping. Discuss ALL of the following organisations and their role
in shipping:

a) IACS
b) IMB
c) BIMCO
d) FONASBA
PLEASE TURN OVER
The Institute of Chartered Shipbrokers examinations November 2015
5. Explain, in detail, the role of the Sale and Purchase Broker.

6. Define and explain FOUR of the following terms and comment upon their application in
international trade:

i) EXW
ii) FOB
iii) FAS
iv) CPT
v) CIF
vi) DAT
vii) DAP
viii) DDP

7. Answer BOTH parts of the question

a) Discuss the role of Chambers of Commerce and examine the reasons for the establishment of
the International Chamber of Commerce.
b) Describe those services which are of particular interest to international shipping.

8. Insurable interest is the principle which governs the right to insure.

Explain what this entails covering, in detail, every aspect of the application of this code in relation to
marine insurance.

The Institute of Chartered Shipbrokers examinations November 2015

You might also like