Exam 11: Transportation

An order bill of lading differs from a straight bill of lading in that, an order bill of lading ________.

Under the Brussels Convention, which of the following claims has the highest rank?

In civil law countries, a vessel is regarded as a juridical person separate and apart from its owner.

If a vessel is sold, the lien goes with the ship, even if the new owner is unaware of its existence.

A(n) ________ is an instrument issued by an ocean carrier to a shipper that serves as a receipt for goods shipped, as evidence of the contract of carriage, and as a document of title for the goods.

The ________ do(es) not apply to charterparties unless a bill of lading issued by the shipowner comes into the hands of a third party.

Lay days are the number of days that a charterer may keep a chartered ship idle for the loading of goods.

What is the purpose of issuing a bill of lading?

The air waybills and consignment notes used in air carriage are documents of title.

A ________ is a charge or claim against a vessel or its cargo.

Res is a charge or claim against a vessel, its freight, or its cargo.

The transferee of an order bill of lading acquires both the rights and the liabilities of his transferor.

The trade term "________" is used when the seller fulfills his obligations to deliver when the goods have been placed alongside the vessel on the quay or in lighters at the named port of shipment.

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

The trade term "________" is used when the seller fulfills his obligations to deliver by making the goods available at his premises.

Which of the following best describes an order bill of lading?

The Hague and Hague-Visby Rules do not apply to charterparties unless a bill of lading issued by the shipowner comes into the hands of a third party.

Under an ex works contract, a seller is obliged only to deliver the goods at his own place of business.

Incoterms are trade terms published by the International Chamber of Commerce.

A ________ is a ship that carries goods for all persons who choose to employ it so long as there is room.