Modes of transport, Incoterms, warehouse operations, cross-docking and last-mile delivery.
39 cards · basic cards · AI-written, checked twice. Edit anything.
- What is the primary advantage of air freight?
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Speed and suitability for urgent, high-value shipments- Approximately what percentage of global trade by value moves by sea?
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Over 90 percent- What is intermodal transportation?
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The use of multiple transportation modes in a single shipment chain- Which transport mode is most economical for heavy, low-urgency cargo?
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Maritime (sea)- What is the approximate cost advantage of rail freight over road freight per ton-kilometer?
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Rail costs approximately 30-50 percent less per ton-km- What commodity does pipeline transportation primarily move?
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Oil, natural gas, and other liquids or slurries- What does mode selection optimization mean in supply chain?
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Choosing the transportation mode that balances cost, speed, and reliability for each shipment- What does EXW stand for?
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Ex Works- Under FOB (Free on Board), who bears the risk of loss or damage after loading?
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The buyer- What does CIF stand for in Incoterms?
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Cost, Insurance and Freight- In DDP (Delivered Duty Paid), who clears customs and pays import duties?
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The seller- What does DAP stand for?
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Delivered at Place- What is CPT in Incoterms?
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Carriage Paid To, seller pays transport to destination but buyer assumes risk- What does CIP stand for?
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Carriage and Insurance Paid To- Under FCA (Free Carrier), what is the seller's last obligation?
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Delivering goods to the carrier at a named place
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