Tag: freight forwarding

CIFFA Exam Practice Questions & Answers – Export Packaging and Warehousing

CIFFA Exam Practice Questions & Answers – Export Packaging and Warehousing What are the two basic functions that packaging serves? Marketing and distribution. What is palletizing or unitizing of cargo? Assembling packages on a pallet base and securing the load to the pallet. What is the most common economical container/package? Fibreboard box. What is the main problem with using wood...

CIFFA/Freight Forwarding/Global Logistics

CIFFA Exam Sample Questions & Answers – Payments

CIFFA Exam Sample Questions & Answers – Payments List the four modes of settlement available in international transactions. Advance payment. Open account. Documentary collection. Documentary credit (or letter of credit). List three instances when it is not advisable or possible to sell to a foreign buyer on an open account. When there are currency restrictions, import permits or quotas or...

CIFFA/Freight Forwarding

CIFFA Exam Sample Practice Questions and Answers – Understanding Freight Forwarding

CIFFA Exam Sample Practice Questions and Answers – Understanding Freight Forwarding Questions 1. What activities might CIFFA undertake to achieve its mission in each of its three foundation elements? 2. CIFFA has three categories of membership. Give an example of who/what type of company might belong to each category. In what category is your company? 3. FIATA is the acronym...

CIFFA/Freight Forwarding/Global Logistics

CIFFA Exam Sample Practice Questions and Answers – Dangerous Goods

CIFFA Exam Sample Practice Questions and Answers – Dangerous Goods Questions What is the definition of dangerous goods? What are two (2) other terms that may also mean dangerous goods? What associations/agencies have devised regulations for the transportation of dangerous goods? What is the Canadian set of dangerous goods regulations? What is the American set of dangerous goods regulations? Name...

CIFFA/Freight Forwarding/Global Logistics

CIFFA Exam Practice Questions and Answers – Cargo Insurance

CIFFA Exam Practice Questions and Answers – Cargo Insurance What is the meaning of utmost good faith? It is the full disclosure of all material facts to the insurance underwriter. Name two features of the term insurable interest. There must be an object exposed to an insurable risk. Insured party must have some legal relationship to the object. Describe an...

CIFFA/Freight Forwarding/Global Logistics

Sourcing a Wire Harness from Happy Lucky

Sourcing a Wire Harness from Happy Lucky 1) What is the total cost for each option? How much cheaper (total $) is outsourcing to China over the 3-year lifecycle of the Auto Part? Total cost for supplying from Original Wire (1-month delivery): $6000 = fixed tooling cost $30 * 5,000 units = $150,000 total unit price $0.75 * 5,000 units =...

Freight Forwarding/Global Logistics

Best Practices to Stuff a Container

Best Practices to Stuff a Container Containers should have enough lashing points of the strength we need. Container and packing requirements should be confirmed in writing between the parties. Right equipment to load and unload containers should be in place. Temperature control, a fan, or extra ventilation shouldn’t be seen as an extra cost, because when it’s 25 degrees outside,...

CIFFA/Freight Forwarding/Global Logistics

CIFFA Exam Sample Questions and Answers – Commercial Documentation and Regulatory Compliance

CIFFA Exam Sample Questions and Answers – Commercial Documentation and Regulatory Compliance Who issues an export permit? The Export and Import Controls Bureau (EICB) authorizes, under the discretion of the Minister of International Trade (Global Affairs Canada) the import and export of goods restricted by quotas and/or tariffs. What is the Area Control List? The ACL is a list of...

CIFFA/Freight Forwarding/Global Logistics

CIFFA Exam Sample Questions & Answers – Payments- 2

CIFFA Exam Sample Questions & Answers – Payment – 2 What are the main reasons why a letter of credit may be chosen as a form of International payment? Open account unsatisfactory, documentary collection unsatisfactory, foreign exchange issue in the importer’s country, political/economic instability, exporter’s request and fair/equal sharing of risk. Name some advantages of a letter of credit. The...

CIFFA/Freight Forwarding/Global Logistics

Competitive Analysis Report – Exporting PPE from Canada to Colombia

Competitive Analysis Report – Exporting PPE from Canada to Colombia Purpose This Competitive Analysis Report has been prepared in response to the RfP dated August 10, 2020, and includes our proposal to Global Exporting Ltd. in regard to managing the export of the Personal Protective Equipment Sets from Canada to Colombia. This report identifies the exporting product, key transaction partners...

CIFFA/Freight Forwarding/Global Logistics

CIFFA Exam Sample Practice Questions and Answers – Ocean Freight

CIFFA Exam Sample Practice Questions and Answers – Ocean Freight Questions Name three commodities that may travel as bulk cargo. What is a conventional vessel? What does the term break-bulk cargo mean? A container ship can also be considered a vessel. Describe the function of a MAFI. What is a LASH vessel? Define a main line service route. Define an...

CIFFA/Freight Forwarding/Global Logistics

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