1. 2.31 What is the term for the amount to be paid by the Charterer if a vessel is delayed beyond the terms allowed in the Charter Party?1) a. Dispatch money
2) b. Demurrage
3) c. Disbursement
4) d. Penalty money
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2. 2.07 What is a Bill of Lading?1) a. A receipt for the cargo
2) b. Evidence of the contract
3) c. A document confirming ownership of cargo
4) d. Answers a., b. and c. are all correct
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3. 2.18 What is Net Standard Volume (NSV)?1) a. The total volume of all petroleum liquids, excluding sediment and water and free water, corrected to a standard temperature by the appropriate volume correction factor for the observed temperature and density
2) b. The total volume of all petroleum liquids, excluding sediment and water, but including free water, corrected to a standard temperature by the appropriate volume correction factor for the observed temperature and density
3) c. The total volume of all petroleum liquids and free water, excluding sediment and water, corrected to a standard temperature by the appropriate volume correction factor for the observed temperature and density
4) d. The total volume of all petroleum liquids and sediment and water and free water, corrected to a standard temperature by the appropriate volume correction factor for the observed temperature and density
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4. 2.19 What is Total Calculated Volume (TCV)?1) a. GSV plus free water
2) b. NSV plus free water
3) c. GSV less sediment and water
4) d. NSV plus sediment and water
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5. 2.42 What is load on top?1) a. The shipboard practice of collecting water and water and oil mixtures resulting from ballasting and tank cleaning operations (usually in a slop tank) and subsequently loading cargo on top of it and pumping the mixture ashore at the discharge port.
2) b. The act of commingling existing onboard quantity with cargo being loaded
3) c. Answers a. and b. are correct
4) d. Answers a., b. and c. are all wrong
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