Impulse Shipping Executive Interview Questions and Answers

There are 11 types of Inco terms used in international trade.

• Inco terms are standardized trade terms used in contracts for the sale of goods.

• They define the responsibilities of the buyer and seller in terms of shipping, insurance, and customs clearance.

• The 11 Inco terms are grouped into four categories: E, F, C, and D.

• Examples of Inco terms include FOB (Free on Board), CIF (Cost, Insurance, and Freight), and EXW (Ex Wo

I solve logistics related queries by analyzing the problem, researching possible solutions, and communicating with relevant stakeholders.

• Analyze the problem to understand the root cause

• Research possible solutions using industry knowledge and resources

• Communicate with relevant stakeholders to gather information and collaborate on solutions

• Implement the chosen solution and monitor its effectiveness

• Continuously evaluate a...read more

Exporters have various payment methods including wire transfer, letter of credit, and online payment platforms.

• Wire transfer is a common payment method where the exporter receives payment directly to their bank account.

• Letter of credit is a guarantee from the importer's bank that they will pay the exporter upon completion of the agreed-upon terms.

• Online payment platforms like PayPal and TransferWise are becoming more p...read more