国际贸易实务复习题.docx

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国际贸易实务复习题.docx

国际贸易实务复习题

Ⅰ.PutTfortrueorFforfalseintheanswersheet.

1.(T)EXWinIncoterms2010isthetradetermunderwhichtherisksofthesellerareinminimum.

2.(F)“USD200perM/TCIFC2London”meansthattheSellerwillreceive200USdollarsforpermetricton.

3.(F)Countersamplecanhelpavoiddisputesoverthequantityofgoodsinthefuturetransaction.

4.(T)Fortermsmarkedwith“W/M”,thefreightistobecalculatedonthebasisofeitherweighttonormeasurementton,subjecttothehigherrate.

5.(F)Inmostcases,whileportofshipmentandportofdestinationarestipulatedinthecontract,twoormoreofeacharestatedtoprovidemoreoptionsforeitherbuyersorsellers.

6.(F)UnderFOBterm,thesellershouldnotifythebuyerofthecargoreadinessatleast30daysbeforethetimeofshipmentsothatthebuyercanhaveenoughtimetochartershipsandsendthemtotheshipmentportintime.

7.(T)Cargotransportinsuranceisusuallytakenouton“warehousetowarehouse”basis.

8.(F)TheinsurancecoverageofICC(A),ICC(B),andICC(C)isroughlythesameasthatofFPA,WPA,AllRisksunderCIC,respectively.

9.(F)Sofar,documentarycreditsarethemostidealmethodofpaymenttoprovidesecurityforbothbuyersandsellers.Therefore,inwhateverconditions,L/Cshouldbethefirstconsiderationinthemethodofpaymentfortransactions.

10.(F)UnderthetermsofD/A,itisthebankinexporter’scountrywhomakesacceptancetothedraftanddeliversthedocumentstotheimporter.

11.(T)Importcommoditysubjecttolegalinspectioncannotbemarketedorusedbeforebeinginspected.

12.(T)UnderthetermsFOB,CIFandCFR,therisksoflossofordamagestothegoods,aswellasanyadditionalcostsduetoeventsoccurringafterthetimethegoodshavebeendeliveredonboardthevessel,istransferredfromthesellertothebuyer..

13.(T)Ifonepartyviolatesstipulationspackingterms,theotherpartyshallhavetherighttorejectthegoodsandclaimforthelosses.

14.(F)Neutralpackingisadoptedtobreaktariffandnon-tariffbarriersofsomeimportingcountries,andtendtobewidelyadoptedbymanycountries.

15.(T)Whenthechattererfailstoloadorunloadthegoodswithinthestipulatedperiodoftime,hehastopaydemurragetotheship-owner.

16.(F)CFRisthetermwhentheconsignmentisdeliveredwithallthechargesuptoarrivalattheportofdestinationpaidbytheSeller.

17.(F)CPTisthemostappropriatetermwhenthesellermustpaythecostandfreightnecessarytobringthegoodstothenamedportofdestinationbyaroll-on/roll-offvessel.

18.(F)Whenthesellerpaysforthegoodstobeplacedalongsidethevesselonthequayorinlightersatthenamedportofshipment,thetermisFOB.

19.(T)“Grossfornet”isoftenstipulatedinthecontracttoindicatethattheweightofthelessvaluedproductsiscalculatedbygrossweight.

20.(T)Themoreorlessclauseisaclausethatstipulatesthatthequantitydeliveredcanbemoreorlesswithincertainextent.

21.(T)Ifthearticleshadgreatchangesinpriceatthetimewhendeliveryismade,thesellermaystipulatethatsettlementforthispartisbasedonthemarketpriceatthetimewhenthegoodsareshippedonboardthevessel.

22(F)Consignmentnoteisusednotonlyforroadorrailtransport,butalsoformultimodetransport.

23.(F)Merchantvesselscanbedividedintolinersandtramps,andtrampsprovetobeamoreeconomicalmeansofinternationalcargodistribution.

24.(T)Thefreightoflinersisrelativelyfixed,whilethefreightoftrampsismainlydeterminedbythemarket.

25.(T)Accordingtotheusualpractices,theinsuredamount,ifnotspecifiedinthesalescontract,willbe110%ofCIForCIPprice.

26.(T)TwotypesofrisksarecoveredbyoceansmarineinsuranceunderCIC:

perilsoftheseaandextraneousrisks.

27.(T)WPAisawidercoverthanFPAinoceanmarinecargoclause.

28.(F)Ifthepaymentistobemade“30day’ssight”,itmeansthatthepaymentwillhavetobemade30daysaftertheissuingofthisdraft.

29.(F)Exportersalwaysinsistonpaymentbycashinadvancewhentheyaretradingwitholdcustomers.

30.(T)Unlikethebillofexchange,thepromissorynotehastwoparties:

themakerandthepayee.

31.Thedraftisissuedinduplicate,thedrawermakespaymentagainstonedraft,andthentheotheriscancelledaccordingly.t

32.Incasethatthevaliditytimeisspecifieddefinitelyinanoffer,theofferormustmakeanacceptancewithinthestipulatedtimelimit.Theofferstillcanbindingontheofferorwhenthevalidityexpires.f

33.InNegotiableInstrumentLawofthePeople’sRepublicofChina,acheckisasightB/Ewiththebankasthepayer,thatistosay,itisanunconditionalorderdrawnonabankerbythedrawer,requiringthebankertopayondemandasumcertaininmoneytoortotheorderofaspecifiedpersonortothebearer.f

Ⅱ.Pleasechoosethebestanswerfromthefollowingchoicesofeachquestionandwritethemonyouranswersheet.

1.Thetradetermsdefinetheresponsibilitiesandexpensesof__A__.

A.boththesellerandthebuyerB.boththeconsigneeandtheconsignor

C.boththeshipperandthecarrierD.boththeexporterandtheoperator

2.__D__canonlybeuseforwaterwaytransport.

A.CIF+CIP+DATB.CFR+CPT+CIP

C.FOB+CPT+CIFD.CIF+FOB+CFR

3.AccordingtoUCP600,theconfirmingbankmustnegotiateand/orhonor__C__.

A.iftheissuingbankagreestonegotiateand/orhonor

B.iftheapplicantagreestonegotiateand/orhonor

C.ifithasreceivedacomplyingpresentationfromthepresenter

D.ifthebeneficiaryhasshippedthestipulatedgoodsontime

4.QualitystandardofFAQmeansthat__D__.

A.thegoodsissuitableforsalesB.thegoodsismerchantable

C.thegoodshasbadqualityD.thegoodshasfairaveragequality

5.__A__aremarksofsimpledesigns,someletters,numbersandsimplewordsonpackages,oftenstenciled,thatserveasanidentificationoftheconsignmenttowhichtheybelong.

A.ShippingmarksB.Supplementarymarks

C.IndicativemarksD.Warningmarks

6.Thelossesdonetothegoodsinmarinetransportationcanbeclassifiedintotwotypes,namely__D__.

A.actualtotallossandconstructivetotalloss

B.generalaverageandparticularaverage

C.basiclossandadditionalloss

D.totallossandpartialloss

7.UnderCFRcontract,thegoodsaredamagedduringmarinetransportandthebuyersufferslossesestimatedatUSD1000duetonaturalcalamity,USD800duetofortuitousaccidents,andUSD2000duetoextraneousrisks.IfthebuyerhasinsuredthegoodsforUSD1000000againstWPAbeforeshipment,thentheinsurershouldpay__B__compensationtothebuyer.

A.USD3800B.USD1800C.USD3000D.USD2800

8.Theoperatorwhosignsthemultimodetransportdocumentis__B__.

A.onlyresponsibleforthefirststageoftransportation

B.mustberesponsibleforthewholetransportation

C.isnotresponsiblefortransportation

D.isonlyresponsibleforthelaststageofthetransportation

9.WhichofthefollowingL/Cmeansdoubleguaranteeforthebeneficiary?

__C__

A.RevocableL/CB.DocumentaryL/C

C.ConfirmedL/CD.TransferableL/C

10.AnexporterdeliveredthegoodsonCIFbasisaccordingtothestipulationsofthecontract,andsubmittedcleanB/Ltotheimporter.Afterreceivingthegoods,theimporterfoundthatthegoodsaredamagedbecauseofthedamagestotheoutsidepacking.Thereisalsoaseaprotestshowingthatthedamageisduetoheavyweather.Whomshouldtheimporterclaimto?

__B__.

A.shippingcompanyB.insurancecompanyC.sellerD.buyer

 

11.Under_D__,thesellerminimizeshisobligationswhilethebuyerobtainsthegoodsatthelowestpossibleprices.

A.FOBB.DDPC.DATD.EXW

12.Whenthesellerpaysforthegoodstobeplacedalongsidethevesselatthenamedportofshipment,thetermis_B__.

A.DATB.FASC.FOBD.EXW

13.Whilechoosingthemoneyforthepaymentininternationaltrade,oneshould_C__.

A.choosehardmoney

B.choosesoftmoney

C.choosesoftmoneyforexportandhardmoneyforimport

D.choosehardmoneyforexportandsoftmoneyforimport

14.Ininternationaltrade,thecommissionisusuallycollectedby_D__.

A.thesellerB.thebuyerC.theinsurancecompanyD.theintermediary

15.Insalebysample,ifthereisnootherstipulationsonthegoodsinthecontract,thenthegoods__B__.

A.mayberoughlythesameasthesample

B.mustbethesameasthesample

C.mayhavereasonabletolerance

D.mayhavereasonabledifferencesonspecification

16.Ifthereisaqualitytoleranceclauseinacontract,withintherangeofthetolerance,thebuyer_A__.

A.can’trefusetoacceptthegoods

B.canrefusetoacceptthegoods

C.candemandthepricetobeadjusted

D.canrefusetoacceptthegoodsordemandtheprice

17.Thecharacteristicsoflinertransportarethat_A__.

A.theliner,theport,thetimeandthefreightratearefixed

B.itsfreightisdeterminedbythemarket

C.thevarietyandquantityofgoodsshippedaremoreflexible

D.theobligationsandrightsofbothsellerandbuyerarestipulatedintheB/L

18._C__merelyconfirmsthatthegoodshavebeenhandedovertoandareincustodyoftheship-owner.

A.ShippedB/LB.CleanB/LC.ReceivedforshipmentB/LD.LinerB/L

19.Exportingclothesaresoakedheavilybecauseoftheshiphittingthesubmergedreefinthesea,ifthecostdealtwithandsenttothedestinationismorethanthevalueinsured,thenthelosscanberegardedas_C__.

A.generalaverageB.actualtotalloss

C.constructivetotallossD.particularaverage

20.ThegoodswasexportedunderCIF,butthewholegood

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