Freight Forwarding & Logistics Management Flashcards
7 cards from real CCP practice questions. Tap to flip, then mark Knew It or Still Learning — missed cards come back until you master them.
Read the first 7 Freight Forwarding & Logistics Management flashcards as text
In CargoWise, what is the purpose of the 'Agent Nomination' on a forwarding job?
Answer: To designate the overseas partner agent responsible for handling the origin or destination leg of the shipment
Agent Nomination links an overseas CargoWise partner or correspondent agent to the job, allowing automated job creation and document sharing in the destination country.
What is 'free time' in the context of container detention and demurrage charges?
Answer: The number of days included in the carrier's freight rate during which no additional storage or use charges apply
Free time is the number of days the carrier allows for container use or port storage without incurring demurrage or detention fees, after which daily charges accumulate.
Which CargoWise feature allows a forwarder to automatically send an arrival notice to the consignee when the vessel ETA milestone is updated?
Answer: Automated Notifications (Event-triggered emails)
CargoWise's automated notification engine can be configured to trigger and send pre-formatted arrival notice emails to specified parties whenever a defined milestone event is recorded.
A US importer asks their CargoWise forwarder about the 'ISF 10+2' requirement. Which regulatory body mandates this filing?
Answer: US Customs and Border Protection (CBP)
US CBP mandates the Importer Security Filing (ISF), commonly called 10+2, which requires importers to submit 10 data elements at least 24 hours before cargo is loaded on a vessel bound for the US.
In CargoWise, how does the 'Overseas Agent Job' differ from the 'Local Forwarding Job'?
Answer: The Overseas Agent Job is created by the partner agent in their CargoWise system and mirrors the local job, while the Local Forwarding Job is created and owned by the controlling forwarder
When a CargoWise-to-CargoWise job nomination is sent, the partner agent's system automatically creates a mirrored Overseas Agent Job linked to the originating forwarder's Local Forwarding Job.
What is the role of a 'Certificate of Origin' in international trade, and where would it be stored in CargoWise?
Answer: It certifies the country where goods were produced and is stored in the Job's Document Register
A Certificate of Origin declares the country of manufacture and is required for tariff preference claims; in CargoWise it is uploaded and managed in the shipment job's Document Register.
Which CargoWise costing concept describes the difference between the sell rate charged to the client and the buy rate paid to the carrier?
Answer: Margin (Gross Profit)
The margin, or gross profit on a job, is the difference between the revenue billed to the client (sell) and the cost invoiced by the carrier or vendor (buy), representing the forwarder's earnings on the shipment.