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International logistics | Antim Prahar 2024 | 8/14?| MBA | Important Questions and Answer

International Logistics | Antim Prahar 2024 |? 8/14?| MBA | Important Questions and Answer

Traffic Counts and Traffic Survey

The eighth important question pertains to traffic counts and traffic surveys. Essentially, traffic counting involves monitoring certain areas — whether roadways or railways — to measure the flow of vehicles or passengers. This data collection aids in numerous applications, from evaluating logistics efficiency to developing infrastructure and policies.

Traffic Counts:

  • Quantity of vehicles is noted.
  • Includes various kinds of transportation (vehicular, aerial, etc.).

Traffic Survey:

  • Detailed breakdown of traffic counts.
  • Identifies vehicle types (trucks, cars, bikes, etc.).
  • Conducted using automatic vehicle identification machines and other tools.

Importance of Traffic Counts and Surveys

  • Efficiency: Helps optimize logistical operations.
  • Security: Used for safety measures.
  • Policy Making: Assists in creating informed policies.
  • Infrastructure Development: Supports strategic development.

Packing and Insurance in International Transport

Another critical aspect of international logistics is Packing and Insurance. Both elements ensure that goods reach their destination safely and are financially protected against potential damages during transit.

Packing:

  • Tailored to product nature and transport mode.
  • Ensures product safety, proper labeling, and easy handling.

Insurance:

  • Essential for international trade.
  • Coverage can be 5 to 10 times the value of goods.
  • Critical for managing risks like water damage, fire, or mishandling.

Insurance Complications

  • Inadequate valuation can lead to inadequate compensation.
  • Proper care and appropriate containerization are necessary.
  • Unreasonably high claims are often rejected.

Example Case: In an instance where cargo worth ₹12 crores was damaged, the insurance for a part of the goods was rejected because of inadequate valuation and lack of reasonable care.

Best Practices for Packing:

  • Use high-quality boxes.
  • Properly label products.
  • Ensure the product is secure and easy to handle.

Best Practices for Insurance:

  • Obtain comprehensive coverage that matches the product valuation.
  • Ensure options for varied coverage types.

Keywords

Keywords:

  • Traffic Counts
  • Traffic Survey
  • Packing
  • Insurance
  • International Trade
  • Logistics
  • Vehicle Identification
  • Policy Making
  • Infrastructure Development

FAQ

FAQ:

  1. What is the difference between traffic counts and traffic surveys?

    • Traffic counts measure the number of vehicles passing a certain point, while traffic surveys break down those counts into specific categories like trucks, cars, and bikes.

  2. Why are traffic counts important?

    • Traffic counts are crucial for evaluating logistical efficiency, developing security measures, creating policies, and supporting infrastructure development.

  3. What role does packing play in international transport?

    • Packing ensures the safety, proper labeling, and ease of handling of products, tailored to the nature of the product and the mode of transport.

  4. Why is insurance important in international trade?

    • Insurance is necessary to protect against potential losses and damages during transit. It provides financial security and peace of mind.

  5. What can lead to the rejection of an insurance claim?

    • Claims can be rejected due to inadequate valuation, improper care, or not using appropriate containers for the goods.

Feel free to delve deeper into these aspects of international logistics to better prepare for your MBA exams and professional endeavors.

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