Medicamen Biotech Senior Import and Export Executive Interview Questions, Process, and Tips

Detention is the charge for exceeding free time while demurrage is the charge for exceeding time for loading/unloading.

• Detention is charged for exceeding free time allowed by the carrier while demurrage is charged for exceeding the time allowed for loading/unloading at the port.

• Detention is charged by the shipping line while demurrage is charged by the port authority.

• Detention charges are usually higher than demurrage ...read more

Discount given to consignee does not affect FOB value, only invoice value.

• Discount given to consignee is deducted from the invoice value.

• FOB value is the cost of goods plus all costs incurred to get the goods to the port of shipment.

• FOB value is not affected by discounts given to the consignee.

• Example: If the cost of goods is $1000 and the cost of shipping is $200, the FOB value is $1200.

FCL stands for Full Container Load while LCL stands for Less than Container Load.

• FCL is used when the entire container is filled with goods from a single shipper.

• LCL is used when the goods from multiple shippers are consolidated into a single container.

• FCL is generally more cost-effective for larger shipments while LCL is more suitable for smaller shipments.

• FCL shipments are usually faster as they do not require consol...read more

To upload BRC document on bank website, follow these steps:

• Log in to your bank's website

• Go to the import/export section

• Click on the BRC upload option

• Select the BRC document from your computer

• Enter the required details and submit