CERTIFIED EXPORT SPECIALIST UPDATED END OF COURSE
QUESTIONS AND SOLUTIONS GUARANTEE A+
✔✔Why is "Pay to the order of" pre-printed on the bill of exchange form? - ✔✔The bill of
exchange must be a negotiable document for the funds to pass from drawee to drawer
through the participating banks.
✔✔EEI information needed for preparing/filing an SED/AES record that typically is not
available on the commercial transaction documents includes: - ✔✔1. Sufficient
information about the costs of the inland freight and cargo insurance to compute export
value
2. USPPI's exporter's identification number (EIN), SSN or DUNS number
3. Related party status of the seller (shipper) and buyer (consignee)
4. Sufficient commodity description for Schedule B classification
5. Export authorization for each item
✔✔"UN POP" is an international set of standards for non-bulk packaging of dangerous
goods adopted or authorized for use by almost all nations. - ✔✔True
✔✔Almost all countries have adopted the "WTO Agreement on Rules of Origin" thereby
creating uniform global standard to determine the origin country for customs purposes. -
✔✔False
✔✔A carnet should be used for temporarily importing goods that would otherwise be
subject to duty, tax and/or whose customs entry processing costs or delays would be
sufficient to justify the cost of the carnet. - ✔✔True
✔✔Because of the present day terrorist threat, both the ICAO TI and the IMDG Code
have mandatory cargo security provisions. What are these? - ✔✔1. Dangerous goods
security plan for high consequence dangerous goods
2. Security awareness training for all workers involved in the transportation of DG
✔✔"Blank endorsement" is the least restrictive way in which to endorse a bill of lading. -
✔✔True
✔✔Required adjustments to shipment EEI value must be pro-rated to each product line
item on the USPPIs commercial invoice. - ✔✔True
✔✔Country of origin determination criteria may be different for purposes of an export
declaration compared to those for certification of origin for a destination customs import
declaration. - ✔✔True
,✔✔Which of the following statements are correct regarding the Commerce Control List
(CCL) and ECCN classifications? - ✔✔1. An ECCN has no resemblance to a Schedule
B number.
2. The CCL is completely independent of the Schedule B publication.
3. The purpose of the CCL is to precisely differentiate among items based on differing
levels of control.
✔✔Air shipment may be the only way to transport cargo into and from very isolated
areas not served by a highway or rail and/or distant from a sea port or boat landing
points. - ✔✔True
✔✔Under a letter of credit, what date will the negotiating bank deem to be the date of
shipment for an air shipment? - ✔✔Air waybill issuance date unless the air waybill
indicates the actual date of shipment
✔✔In areas such as Europe and North America, substituted air service via truck is often
used instead of smaller aircraft for the initial or final legs of needed long distance
transportation. - ✔✔True
✔✔Under FMC rules, how long after completion of a shipping transaction must a U.S.
ocean forwarder maintain detailed shipment records/documents? - ✔✔5 years
✔✔It is the physical item itself, rather than its possible use(s), that will determine
whether it can be imported under an ATA carnet. - ✔✔False
✔✔Neither foreign-based NVOs nor their U.S. agents are required to have an OTI
license from the FMC. - ✔✔False
✔✔To offset the added weight of a shipper-provided air container, an airline typically will
provide a percentage discount to the otherwise-applicable freight rate. - ✔✔False
✔✔The shipment-specific information appearing on the face of an ocean or intermodal
B/L is primarily determined by the shipping line. - ✔✔False
✔✔An NVOCC Service Arrangement (NSA) enables a high-volume shipper to achieve
better rates and conditions of service than would be possible under a VOCC service
contract. - ✔✔False
✔✔A forwarder's "standard" terms and conditions, including liability limits for cargo and
financial losses resulting from errors, will typically be the same across all services the
forwarder provides. - ✔✔False
, ✔✔An inland marine cargo insurance policy typically excludes coverage for the
domestic portion of import or export shipments. - ✔✔True
✔✔During flight the cargo compartment temperature of most aircraft is maintained
between what temperatures? - ✔✔35 to 65°F
✔✔Cargo that is particularly susceptible to damage from physical handling and other
rigors of transportation may be subject to exclusion from insurance coverage for
breakage or subject to a "breakage" deductible. - ✔✔True
✔✔Failure to fulfill destination country import requirements may result in shipment
delay, fines or even seizure of the cargo! - ✔✔True
✔✔The FMC regulates regularly-scheduled ocean carriers, other than bulk vessels,
serving U.S. ports regardless of whether they operate in traditional common carriage. -
✔✔True
✔✔An L/C may specify documents not necessarily required under the Incoterm
applicable to the transaction. - ✔✔True
✔✔Commercial on-line export compliance screening services are very helpful because
they will quickly search all lists and databases, and, if they find a match to the name of
the company or person(s) involved in a prospective export, you should immediately
cancel the order or shipment. - ✔✔False
✔✔In a routed export transaction the USPPI is not required to provide an agent of the
FPPI with a power of attorney or written authorization. - ✔✔True
✔✔An AES filer must possess the following types of core knowledge: - ✔✔1. Schedule
B Commodity classification for statistical reporting purposes
2. Filer-level operation of the AES system
3. Operation of U.S. export controls and the process to determine applicability to
particular shipments
✔✔What must a forwarder NOT do when a consignee or carrier at destination reports
an original bill of lading that is urgently needed for cargo release as missing? -
✔✔Authorize release of the shipment without surrender of a properly endorsed OB/L
and/or in exchange for a shipper or bank letter of indemnity.
✔✔Materials that could pose a threat of injury to personnel or significant damage to
property if not maintained below a specified temperature during transportation are
classified as dangerous goods. - ✔✔True
QUESTIONS AND SOLUTIONS GUARANTEE A+
✔✔Why is "Pay to the order of" pre-printed on the bill of exchange form? - ✔✔The bill of
exchange must be a negotiable document for the funds to pass from drawee to drawer
through the participating banks.
✔✔EEI information needed for preparing/filing an SED/AES record that typically is not
available on the commercial transaction documents includes: - ✔✔1. Sufficient
information about the costs of the inland freight and cargo insurance to compute export
value
2. USPPI's exporter's identification number (EIN), SSN or DUNS number
3. Related party status of the seller (shipper) and buyer (consignee)
4. Sufficient commodity description for Schedule B classification
5. Export authorization for each item
✔✔"UN POP" is an international set of standards for non-bulk packaging of dangerous
goods adopted or authorized for use by almost all nations. - ✔✔True
✔✔Almost all countries have adopted the "WTO Agreement on Rules of Origin" thereby
creating uniform global standard to determine the origin country for customs purposes. -
✔✔False
✔✔A carnet should be used for temporarily importing goods that would otherwise be
subject to duty, tax and/or whose customs entry processing costs or delays would be
sufficient to justify the cost of the carnet. - ✔✔True
✔✔Because of the present day terrorist threat, both the ICAO TI and the IMDG Code
have mandatory cargo security provisions. What are these? - ✔✔1. Dangerous goods
security plan for high consequence dangerous goods
2. Security awareness training for all workers involved in the transportation of DG
✔✔"Blank endorsement" is the least restrictive way in which to endorse a bill of lading. -
✔✔True
✔✔Required adjustments to shipment EEI value must be pro-rated to each product line
item on the USPPIs commercial invoice. - ✔✔True
✔✔Country of origin determination criteria may be different for purposes of an export
declaration compared to those for certification of origin for a destination customs import
declaration. - ✔✔True
,✔✔Which of the following statements are correct regarding the Commerce Control List
(CCL) and ECCN classifications? - ✔✔1. An ECCN has no resemblance to a Schedule
B number.
2. The CCL is completely independent of the Schedule B publication.
3. The purpose of the CCL is to precisely differentiate among items based on differing
levels of control.
✔✔Air shipment may be the only way to transport cargo into and from very isolated
areas not served by a highway or rail and/or distant from a sea port or boat landing
points. - ✔✔True
✔✔Under a letter of credit, what date will the negotiating bank deem to be the date of
shipment for an air shipment? - ✔✔Air waybill issuance date unless the air waybill
indicates the actual date of shipment
✔✔In areas such as Europe and North America, substituted air service via truck is often
used instead of smaller aircraft for the initial or final legs of needed long distance
transportation. - ✔✔True
✔✔Under FMC rules, how long after completion of a shipping transaction must a U.S.
ocean forwarder maintain detailed shipment records/documents? - ✔✔5 years
✔✔It is the physical item itself, rather than its possible use(s), that will determine
whether it can be imported under an ATA carnet. - ✔✔False
✔✔Neither foreign-based NVOs nor their U.S. agents are required to have an OTI
license from the FMC. - ✔✔False
✔✔To offset the added weight of a shipper-provided air container, an airline typically will
provide a percentage discount to the otherwise-applicable freight rate. - ✔✔False
✔✔The shipment-specific information appearing on the face of an ocean or intermodal
B/L is primarily determined by the shipping line. - ✔✔False
✔✔An NVOCC Service Arrangement (NSA) enables a high-volume shipper to achieve
better rates and conditions of service than would be possible under a VOCC service
contract. - ✔✔False
✔✔A forwarder's "standard" terms and conditions, including liability limits for cargo and
financial losses resulting from errors, will typically be the same across all services the
forwarder provides. - ✔✔False
, ✔✔An inland marine cargo insurance policy typically excludes coverage for the
domestic portion of import or export shipments. - ✔✔True
✔✔During flight the cargo compartment temperature of most aircraft is maintained
between what temperatures? - ✔✔35 to 65°F
✔✔Cargo that is particularly susceptible to damage from physical handling and other
rigors of transportation may be subject to exclusion from insurance coverage for
breakage or subject to a "breakage" deductible. - ✔✔True
✔✔Failure to fulfill destination country import requirements may result in shipment
delay, fines or even seizure of the cargo! - ✔✔True
✔✔The FMC regulates regularly-scheduled ocean carriers, other than bulk vessels,
serving U.S. ports regardless of whether they operate in traditional common carriage. -
✔✔True
✔✔An L/C may specify documents not necessarily required under the Incoterm
applicable to the transaction. - ✔✔True
✔✔Commercial on-line export compliance screening services are very helpful because
they will quickly search all lists and databases, and, if they find a match to the name of
the company or person(s) involved in a prospective export, you should immediately
cancel the order or shipment. - ✔✔False
✔✔In a routed export transaction the USPPI is not required to provide an agent of the
FPPI with a power of attorney or written authorization. - ✔✔True
✔✔An AES filer must possess the following types of core knowledge: - ✔✔1. Schedule
B Commodity classification for statistical reporting purposes
2. Filer-level operation of the AES system
3. Operation of U.S. export controls and the process to determine applicability to
particular shipments
✔✔What must a forwarder NOT do when a consignee or carrier at destination reports
an original bill of lading that is urgently needed for cargo release as missing? -
✔✔Authorize release of the shipment without surrender of a properly endorsed OB/L
and/or in exchange for a shipper or bank letter of indemnity.
✔✔Materials that could pose a threat of injury to personnel or significant damage to
property if not maintained below a specified temperature during transportation are
classified as dangerous goods. - ✔✔True
