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FSM621S - FORWARDING AND SHIPPING MANAGEMENT - 2ND OPP - JAN 2020 |
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NAMIBIA UNIVERSITY
OF SCIENCE AND TECHNOLOGY
FACULTY OF MANAGEMENT SCIENCES
DEPARTMENT OF MARKETING AND LOGISTICS
QUALIFICATION: BACHELOR OF TRANSPORT MANAGEMENT
BACHELOR OF LOGISTICS AND SUPPLY CHAIN
QUALIFICATION CODE: 0O77BBLTSMCM
NQF LEVEL: 6
MANAGEMENT
COURSE CODE: FSM621S
SESSION: JANUARY 2020
DURATION: 3 HOURS
COURSE NAME: FORWARDING AND SHIPPING
MANAGEMENT
PAPER: THEORY
MARKS: 100
SECOND OPPORTUNITY EXAMINATION
EXAMINER(S)
Ms. Ester Jesaya
Ms. EmiliaSalomo
Mr. Oscar Kaveru
Mr. Salomon
QUESTION PAPER
(FM — O7BLSC)
(FM-—O7BTMM & Dl)
(PM —0O7BTMM)
(PM — 07BLSC)
MODERATOR:
Ms. Selma Kambonde
INSTRUCTIONS
Answer ALL four (4) questions.
Write clearly and neatly.
Avoid writing one big paragraph when answering questions.
Number the answers clearly.
THIS QUESTION PAPER CONSISTS OF 2 PAGES (Including this front page)
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QUESTION 1
[24 MARKS]
State whether the statements below are True or False. Do not write “T” or “F”, this can cost you marks. Each
statement is worth 2 marks.
1.1 Freight forwarders can only clear goods if there are licensed.
1.2 Hull Insurance covers for the onboard machineries.
1.3 Misclassification of goods can lead to business paying more tax.
1.4 Ports vertical integration refers to integrating port holding.
1.5 Re-exportation allows the importer to claim back some of the duties paid.
1.6 Source of imports has no influence on duties and restrictions.
1.7 The “C” incoterms stipulates buyer is responsible for cost and risks.
1.8 The competitiveness of a port sorely reliant on its infrastructure and capability.
1.9 The integration of supply chains is strengthened through ports operations.
1.10 The lodging of a goods declaration represents a legally binding statement that can lawfully be acted on.
1.11 Valuation rules stipulate that goods are only cleared based on invoice value.
1.12 Ports horizontal integrations refers to integrating in land and maritime services.
QUESTION 2
[25 MARKS]
2.1 You receive an export order with the Incoterm FAS New York Airport. How would you respond?
[5 marks]
2.2 Under Free On Board (FOB) contracts:
a) Discuss any three (3) seller’s obligations?
b) Discuss any three (3) buyer's obligations?
[6 marks]
[6 marks]
2.3 Compare and contrast the Ex-Works and DDP Incoterms?
[8 marks]
QUESTION 3
[25 MARKS]
The Logistics Performance Indicator (LPI) is an interactive benchmarking tool created by the World Bank to
help countries identify the challenges and opportunities they face in their performance on trade logistics and
what they can do to improve their performance. Discuss any five (5) factors/indicators that you can use to
evaluate Namibia’s viability of becoming a successful logistics hub?
QUESTION 4
[26 MARKS]
a) What is the Harmonized System and briefly discuss how it works?
[4 marks]
b) Discuss any 6 importance for a freight forwarder to classify the goods correctly?
[12 marks]
c) Mention any five (5) international organizations (regulating bodies) and discuss how each organization
directly impact the trading activities in Namibia?
[10 marks]
GRAND TOTAL: 100 MARKS