国际贸易实务复习题由刀豆文库小编整理，希望给你工作、学习、生活带来方便，猜你可能喜欢“国际贸易实务总复习题”。
Ⅰ.Put T for true or F for false in the answer sheet.1.（T）
EXW in Incoterms 2010 is the trade term under which the risks of the seller are in minimum.2.（F）
“USD200 per M/T CIFC2 London” means that the Seller will receive 200 US dollars for per metric ton.3.（F）
Counter sample can help avoid disputes over the quantity of goods in the future transaction.4.（T）
For terms marked with “W/M”, the freight is to be calculated on the basis of either weight ton or measurement ton, subject to the higher rate.5.（F）
In most cases, while port of shipment and port of destination are stipulated in the contract, two or more of each are stated to provide more options for either buyers or sellers.6.（F）
Under FOB term, the seller should notify the buyer of the cargo readine at least 30 days before the time of shipment so that the buyer can have enough time to charter ships and send them to the shipment port in time.7.（T）
Cargo transport insurance is usually taken out on “warehouse to warehouse” basis.8.（F）
The insurance coverage of ICC(A), ICC(B), and ICC(C)is roughly the same as that of FPA, WPA, All Risks under CIC, respectively.9.（F）
So far, documentary credits are the most ideal method of payment to provide security for both buyers and sellers.Therefore, in whatever conditions, L/C should be the first consideration in the method of payment for transactions.10.（F）
Under the terms of D/A, it is the bank in exporter’s country who makes acceptance to the draft and delivers the documents to the importer.11.（T）
Import commodity subject to legal inspection can not be marketed or used before being inspected.12.（T）
Under the terms FOB, CIF and CFR, the risks of lo of or damages to the goods, as well as any additional costs due to events occurring after the time the goods have been delivered on board the veel, is transferred from the seller to the buyer..13.（T）
If one party violates stipulations packing terms, the other party shall have the right to reject the goods and claim for the loes.14.（F）
Neutral packing is adopted to break tariff and non-tariff barriers of some importing countries, and tend to be widely adopted by many countries.15.（T）
When the chatterer fails to load or unload the goods within the stipulated period of time, he has to pay demurrage to the ship-owner.16.（F）
CFR is the term when the consignment is delivered with all the charges up to arrival at the port of destination paid by the Seller.17.（F）
CPT is the most appropriate term when the seller must pay the cost and freight neceary to bring the goods to the named port of destination by a roll-on/roll-off veel.18.（F）
When the seller pays for the goods to be placed alongside the veel on the quay or in lighters at the named port of shipment, the term is FOB.19.（T）
“Gro for net” is often stipulated in the contract to indicate that the weight of the le valued products is calculated by gro weight.20.（T）
The more or le clause is a clause that stipulates that the quantity delivered can be more or le within certain extent.21.（T）
If the articles had great changes in price at the time when delivery is made, the seller may stipulate that settlement for this part is based on the market price at the time when the goods are shipped on board the veel.22（F）
Consignment note is used not only for road or rail transport, but also for multimode transport.23.（F）
Merchant veels can be divided into liners and tramps, and tramps prove to be a more economical means of international cargo distribution.24.（T）
The freight of liners is relatively fixed, while the freight of tramps is mainly determined by the market.25.（T）
According to the usual practices, the insured amount, if not specified in the sales contract, will be 110% of CIF or CIP price.26.（T）
Two types of risks are covered by oceans marine insurance under CIC: perils of the sea and extraneous risks.27.（T）
WPA is a wider cover than FPA in ocean marine cargo clause.28.（F）
If the payment is to be made “30 day’s sight”, it means that the payment will have to be made 30 days after the iuing of this draft.29.（F）
Exporters always insist on payment by cash in advance when they are trading with old customers.30.（T）
Unlike the bill of exchange, the promiory note has two parties: the maker and the payee.31.The draft is iued in duplicate, the drawer makes payment against one draft, and then the other is cancelled accordingly.t 32.In case that the validity time is specified definitely in an offer, the offeror must make an acceptance within the stipulated time limit.The offer still can binding on the offeror when the validity expires.f 33.In Negotiable Instrument Law of the People’s Republic of China, a check is a sight B/E with the bank as the payer, that is to say, it is an unconditional order drawn on a banker by the drawer, requiring the banker to pay on demand a sum certain in money to or to the order of a specified person or to the bearer.f Ⅱ.Please choose the best answer from the following choices of each question and write them on your answer sheet.1.The trade terms define the responsibilities and expenses of __A__.A.both the seller and the buyer
B.both the consignee and the consignor C.both the shipper and the carrier D.both the exporter and the operator
2.__D__ can only be use for waterway transport.A.CIF+CIP+DAT
B.CFR+CPT+CIP
C.FOB+CPT+CIF
D.CIF+FOB+CFR
3.According to UCP 600, the confirming bank must negotiate and/or honor __C__.A.if the iuing bank agrees to negotiate and/or honor B.if the applicant agrees to negotiate and/or honor C.if it has received a complying presentation from the presenter D.if the beneficiary has shipped the stipulated goods on time
4.Quality standard of FAQ means that __D__.A.the goods is suitable for sales
B.the goods is merchantable C.the goods has bad quality
D.the goods has fair average quality
5.__A__ are marks of simple designs, some letters, numbers and simple words on packages, often stenciled, that serve as an identification of the consignment to which they belong.A.Shipping marks
B.Supplementary marks
C.Indicative marks
D.Warning marks
6.The loes done to the goods in marine transportation can be claified into two types, namely __D__.A.actual total lo and constructive total lo
B.general average and particular average C.basic lo and additional lo D.total lo and partial lo
7.Under CFR contract, the goods are damaged during marine transport and the buyer suffers loes estimated at USD 1000 due to natural calamity, USD 800 due to fortuitous accidents, and USD 2000 due to extraneous risks.If the buyer has insured the goods for USD 1000000 against WPA before shipment, then the insurer should pay __B__ compensation to the buyer.A.USD 3800
B.USD 1800
C.USD 3000
D.USD 2800 8.The operator who signs the multimode transport document is __B__.A.only responsible for the first stage of transportation B.must be responsible for the whole transportation C.is not responsible for transportation D.is only responsible for the last stage of the transportation
9.Which of the following L/C means double guarantee for the beneficiary? __C__ A.Revocable L/C
B.Documentary L/C
C.Confirmed L/C
D.Transferable L/C
10.An exporter delivered the goods on CIF basis according to the stipulations of the contract, and submitted clean B/L to the importer.After receiving the goods, the importer found that the goods are damaged because of the damages to the outside packing.There is also a sea protest showing that the damage is due to heavy weather.Whom should the importer claim to? __B__.A.shipping company
B.insurance company
C.seller
D.buyer
11.Under _D__ , the seller minimizes his obligations while the buyer obtain s the goods at the lowest poible prices.A.FOB
B.DDP
C.DAT
D.EXW
12.When the seller pays for the goods to be placed alongside the veel at the named port of shipment, the term is _B__.A.DAT
B.FAS
C.FOB
D.EXW
13.While choosing the money for the payment in international trade, one should _C__.A.choose hard money
B.choose soft money
C.choose soft money for export and hard money for import
D.choose hard money for export and soft money for import
14.In international trade, the commiion is usually collected by _D__.A.the seller
B.the buyer
C.the insurance company
D.the intermediary
15.In sale by sample, if there is no other stipulations on the goods in the contract, then the goods __B__.A.may be roughly the same as the sample
B.must be the same as the sample C.may have reasonable tolerance
D.may have reasonable differences on specification
16.If there is a quality tolerance clause in a contract, within the range of the tolerance, the buyer _A__.A.can’t refuse to accept the goods
B.can refuse to accept the goods C.can demand the price to be adjusted
D.can refuse to accept the goods or demand the price
17.The characteristics of liner transport are that _A__.A.the liner, the port, the time and the freight rate are fixed B.its freight is determined by the market C.the variety and quantity of goods shipped are more flexible D.the obligations and rights of both seller and buyer are stipulated in the B/L
18._C__ merely confirms that the goods have been handed over to and are in custody of the ship-owner.A.Shipped B/L
B.Clean B/L
C.Received for shipment B/L
D.Liner B/L
19.Exporting clothes are soaked heavily because of the ship hitting the submerged reef in the sea, if the cost dealt with and sent to the destination is more than the value insured, then the lo can be regarded as _C__.A.general average
B.actual total lo
C.constructive total lo
D.particular average
20.The goods was exported under CIF, but the whole goods disappeared because of the accident, them the buyer _B__.A.would not pay because of the goods not arriving at the destination B.should pay with all sets of shipping documents supplied C.may lodge a claim to the carrier D.may pay if the bank demanded he should
Ⅲ.Please give the short-answer for each question.1.What are the differences between FOB and FCA.(5%)(Hint: place of delivery, risks transfer, freight, insurance premium etc.2.“USD200 per MT CIFC2 ShangHai”(5%)Please explain this price of term in English as far as poible.3.What are the differences between EXW and DDP.(5%)(Hint: place of delivery, risks transfer, freight, insurance premium etc.)
4.“USD200 per MT CFRC5 London”(5%)Please explain this price of term in English as far as poible.Ⅳ.Calculation(The main calculation proce should be given)
1.A trading company exports a number of commodities abroad, the original price: 2,000USD per metric ton CIFC3% London, the buyer require CFRC5% London.Insurance coverage for the original premiums against all risks including war risks, the rates was 0.8% and 0.6%, in accordance with 110% CIF price, Please calculate CFRC5% London.Question: Please calculate CFRC5% London.(10%)(1)CIF=2000*(1-3%)=1940USD
(2%)(2)Insurance premiums=1940*(1+10%)*(0.8%+0.6%)=29.88USD
(2%)(3)CFR=CIF-Insurance premiums=1910.12USD
(3%)(4)CFRC5%=CFR/(1-5%)=2010.65USD
(3%)2.A trading company exports 10,000 units of arts and crafts which cost 300,000 Yuan(30 Yuan per unit), other domestic cost: 8000 RMB, expected profit: 10%, freight: 10 units/CTN, 1000 cartons, carton size: 25*56*32cm, GW: 32KG NW: 30KG, the freight to Europe is calculated by W/M as 120 Dollars per ton.The price of 40’ containers to Europe: 3500 Dollars, insurance by 110% of the invoice value against all risks at the premium rate of 0.8%, foreign sales price: USD4.85/PC CIF London.(Tips: the USD exchange rate of BOC is 6.2 /6.3: bid price/offer price.)Question: 1)Please calculate the export exchange cost by container.(5%)2)Calculate the profit and lo ratio of export commodities.(5%)
3)If these arts and crafts of raw materials have been imported by another trading company at an amount of 20000 Dollars in CIF term, please calculate the exchange rate appreciation.(5%)See text 3.A UK client ordered 1000 traveling bags, requiring CIF3% Liverpool, other conditions: domestic purchase cost of traveling bags is 50 Yuan per piece, other dominate cost is 5,000 Yuan;the expected profit rate is 10%.The bags are packaged in cartons, 20 per carton.Freight is 20 Dollars per carton from start port to Liverpool.Overseas shipping premium is defined as 0.8% by CIF, which adds 10% insurance against all risks and war risks.(P.S: Exchange rate of RMB against USD is 7:1.)Question: Please calculate CIFC3% Liverpool.(10%)See text Ⅴ.Case Study
1.A Chinese foreign trade exporter contracted with a Canadian importer to export 1000 pairs of sneakers in CIF terms, time of shipment is between July to August in the contract and letters of credit, 5000 pairs of sneakers each month, and tranhipment is allowed.Our exporter loaded 5000 pairs of sneakers on board the ship “Wuyi” on 31st, July and got bill of lading for July, and loaded the rest of sneakers on board the ship “Triumph” on 10th, August and got bill of lading for August.Both ships tranhipped in Hong Kong and both lots of goods are transported to the final destination by “Noble” of Maersk INC.Questions:
(10%)1)Was it partial shipment? Why?
(5%)It is partial shipment.(2%)According to UCP600:” partial shipment means unloading form one means of conveyance and reloading to another means of conveyance(whether or not in different modes of transport)during the carriage from the place of dispatch, taking in charge or shipment to the place of final destination stated in the credit.” While in this case, the goods were shipped by “Wuyi” on 31st, July and shipped by “Triumph” on 15th, August.Both ships were totally different, so it was partial shipment.(3%)2)Could the seller safely get financed? Why?
(5%)The seller could safely get payment for goods as a result of conformity with the letter of credit clauses.(5%)2.Our exporter exported a load of cargo to a Middle-East country under CIF terms and covered WPA in addition to TPND, but the veel was detained as a result of the Iran-Iraq war.The importer lodged a claim to the insurance company.Questions:
(10%)1)Can the importer be compensated?
(5%)TPND refers to the cargo being stolen and leads to non-delivery by the consignee at destination.In this case, insurance company shall not compensate.(5%)2)Which type of insurance should be covered so that the insurance shall make indemnity?
(5%)Failure to deliver risk or war risks shall be covered.Failure to deliver risk refers to the risk, once loaded on board the seagoing veel;fail to be delivered at the destination within six months of scheduled date for arrival due to whatever cause it might be.However, the insurant shall handle equity-transferring procedures so as to get compensation.(5%)3.A veel collapsed with flowing icebergs on the sea and a crack was founded on one side of the veel.Sea water flooded in and part of the cargo was wet.The captain had to call at the nearest port to drain off water and afterwards threw off some bulky goods into the sea to make the veel floating.Questions:
(10%)1)Which part belongs to general average
(5%)Analysis: Particular Average: crack of the veel and part of the cargo undergone soaking.(5%)2)Which belongs to particular average?
(5%)General Average: the veel shipped to the nearest port and the loes thereafter.(5%)4.An Italian busine man visited Shanghai Happy Trading Company on the morning of Feb.1st, 2012, and negotiated the purchase of some electronic parts.The Chinese seller made an oral offer but received no response from the Buyer.In the afternoon, the Italian buyer came and agreed to accept the offer made in the morning.In the meantime, the seller had learned that the price of the electronic parts might be going up.Questions:
(10%)1)In this case, is there a contract relationship between Shanghai Happy Trading Company and Italian buyer?(5%)There is no contract relationship between Shanghai Happy Trading Company and Italian buyer.(3%)The reason is that the buyer did not give a direct response immediately after the seller made an oral offer.(5%)It means that the oral offer is invalid.(2%)2)What leon can be learned by the seller in dealing with foreign traders?(5%)For the seller, when the seller provides an offer to the buyer, it is better to provide a specific valid date, such as “within the stipulated period” or “before the latest date”.(5%)
It is better to provide a written formal offer with specific eential terms and validity date of the offer than an oral offer.(5%)It is also correct if one gives other reasonable answers.5.In September 2013, a British trading company and a Shanghai Export Corporation entered into a contract to purchase 5000 sets glaware under CFR London.Both parties agreed to stipulate the following in the contract:
“…… 30% payment by T/T in advance and 70% payment by D/P 90 days after sight.The buyer should remit the 30% of total value on or before September 30th, 2013.Shipment from Shanghai port to London is not later than Oct.21st, 2013.Partial shipment and tranhipment are prohibited.……”
After received buyer’s remittance money September 28th, the exporter shipped 3000 sets in Shanghai Port on Oct.4th, 2013, then sent shipping advice on time to the importer and got one set of clean on board B/Ls.Then the exporter shipped the other 2000 sets on board the same veel in Guangzhou Port on Oct.8th, 2013, sent shipping advice on time to the importer and got other one set of clean on board B/Ls.And then the veel began to sail to London.1).If during the transportation from Guangzhou to London by sea, the ship struck on a rock and got stranded.Therefore, the ship arrived at Los Angeles after a delay(latter about 20 days than usual time)and part of goods have been damaged during transportation.According to INCOTERMS 2010, whether the importer has the right to make a claim against the seller because of transportation delay? Why?(5%)According to INCOTERMS 2000, the importer hasn’t the right to make a claim against the seller because of transportation delay.2).If the payment term in the contract was changed to “40% payment by T/T in advance and 60% payment by L/C 90 days after sight” and the importer became bankrupt Nov.2009, whether the exporter could receive payments on time provided that it had made complying presentation to iuing bank on time? Why?(5%)The exporter could receive payments on time provided that it had made complying(2%)According to UCP600, under L/C, it is the iuing bank but not the importer promise to pay to the beneficiary(the exporter).And even if the importer became bankrupt, the iuing bank must pay to the beneficiary(the exporter)against(3%)3).Please draw the procedures of L/C payment with figure and explain the main steps.(10%)See text 4).If use Telegraphic Transfer T/T to pay.Please draws the procedures of T/T payment with figure and explain the main steps.(10%)See text 6.A Chinese importer has signed a contract with Iran Company on 2nd November, 1990 in term of FOB.Due to the Gulf War breaking out, the ship of Chinese side cannot reach Iran port until the end of the Gulf War on April of 1991,the Chinese importer notified the Iran company immediately after the war broke out within the agreed time and in the agreed notification way.On 3th July, 1991, the seller claimed for the compensation against us for the storage expense, but the importer
complying
presentation
to
iuing
bank
on
time.presentation.rejected it in the reason of force majeure.Questions:
(10%)1)What`s the basic principles of force majeure? Was it a force majeure event?(5%)2)Should the importer compensate for the storage? Why?(5%)Answer:1)there are three basic principles: the occurrence of a force majeure event is after the conclusion of contact;the event is not resulting from the fault and neglect of the parties involved;the event is beyond the control of the parties involved.It was a force majeure event because it fulfil all principles.2)The importer should not compensate for the storage, there two reasons: first, the event is result from force majeure, secondly, the
Chinese importer notified the Iran company within the agreed time and in the agreed notification way.
