Description : A(n) _____ bill of lading does not guarantee that the goods have been loaded on the vessel. A. on-board B. foul C. received-for-shipment D. straight E. order
Last Answer : C. received-for-shipment
Description : Which of the following is not an important document in foreign trade? A. a check for the value of goods B. a draft C. bill of lading D. a letter of credit E. none of the above
Last Answer : A. a check for the value of goods
Description : Documentary drafts require various shipping documents such as ____. A. bills of lading B. insurance certificates C. commercial invoices D. A and B E. A, B, and C
Last Answer : E. A, B, and C
Description : Which of the following is not a basic objective of documentation in foreign trade? A. to assure that the exporter will receive the payment B. to assure that the importer will receive the goods C. to eliminate risk of noncompletion D. to reduce foreign exchange risk E. none of the above
Last Answer : E. none of the above
Description : A commercial invoice is issued by _____. A. exporter B. exporter's bank C. importer D. importer's bank E. confirming bank
Last Answer : A. exporter
Description : Which of the following is not necessarily a party to a forfaiting transaction? A. exporter B. importer C. broker D. bank E. forfaiter
Last Answer : C. broker
Description : Which of the following is not true of a letter of credit? A. it is a document B. issued by a bank C. at the request of the exporter D. the bank agrees to honor a draft drawn on the importer E. payable in the designated currency
Last Answer : C. at the request of the exporter
Description : A document that contains a precise description of the goods is known as a _____. A. weight list B. packing list C. commercial invoice D. certificate of origin E. consular invoice
Last Answer : C. commercial invoice
Description : Which of the following is not a condition for drafts to be negotiable? A. must be in writing, signed by the drawer B. must contain a promise to pay a certain sum if goods are received C. must contain an ... D. must be payable on sight or at a specified date E. must be made out to order or bearer
Last Answer : B. must contain a promise to pay a certain sum if goods are received
Description : Which of the following is not true of a consular invoice? A. provides customs officials with all information B. facilitates easy customs clearance C. helps customs officials assess duties D. issued by the consulate of the exporting country E. it is not a title to the goods
Last Answer : D. issued by the consulate of the exporting country
Description : When IBM ships products to its subsidiary in Argentina, it will most likely use a ____ draft. A. sight B. clean C. D/P D. demand E. all of the above
Last Answer : B. clean
Description : Buying a company's accounts receivable on a nonrecourse basis is known as _____. A. switch trading B. financing C. factoring D. funding E. free trade
Last Answer : C. factoring
Description : In a _____ countertrade the initial seller receives compensation in products that arise out of the original sale. A. consignment B. barter C. counterpurchase D. buy-back agreement E. switch trading
Last Answer : D. buy-back agreement
Description : If an exporter is doubtful about an issuing bank's ability to pay, he will expect a domestic bank to join the transaction in a _____ letter of credit. A. revolving B. irrevocable C. revocable D. unconfirmed E. confirmed
Last Answer : E. confirmed
Description : If a letter of credit can be neither cancelled nor modified without the consent of all parties, it is known as _____. A. revolving B. irrevocable C. revocable D. unconfirmed E. unclean
Last Answer : B. irrevocable
Description : If a draft is accepted by a bank, it becomes a _____. A. valid draft B. demand draft C. usance draft D. banker's acceptance E. drawee's acceptance
Last Answer : D. banker's acceptance
Description : If a draft is made to bearer, payment should be made to _____. A. a bank B. drawer C. acceptor D. anyone who presents the draft E. all of the above
Last Answer : D. anyone who presents the draft
Description : Foreign exchange risk can be reduced by using _____. A. forward contracts B. futures contracts C. currency options D. currency denomination E. all of the above
Last Answer : E. all of the above
Description : When exporting some common pitfalls include: A. failure to use an export management company B. failure to print service, sales, and warranty messages in local languages C. chasing orders around the ... orderly growth D. failure to consider licensing or joint venture agreements E. all of the above
Description : The “three C’s” of international commerce are: A. customers B. commitment C. currency D. cultural sensitivity E. A, B, and D
Last Answer : C. currency
Description : Which of the following is not a form of countertrade? A. barter B. consignment C. switch trading D. counterpurchase E. compensation agreement
Last Answer : B. consignment
Description : Which of the following is not a form of offset agreements? A. coproduction B. licensed production C. subcontractor production D. cash in advance E. technology transfer
Last Answer : D. cash in advance
Description : Which of the following documents should necessarily accompany a draft? A. certificate of origin B. weight list C. packing list D. inspection certificate E. none of the above
Description : Which of the following may be required as additional documents in a letter of credit? A. commercial invoice B. insurance document C. consular invoice D. certificate of origin E. all of the above
Description : Forms of countertrade include the following except ___. A. simple barter B. clearing arrangement C. switch trade D.counterpurchase E. mutual agreement
Last Answer : E. mutual agreement
Description : ______ risk is the potential exchange loss from outstanding obligations as a result of exchange-rate fluctuations. A. Trade B. Exchange C. Finance D. Noncompletion E. Transaction
Last Answer : E. Transaction
Description : Bill of Lading?
Last Answer : Bill of Lading(Download)Ship: _____________________Shipper: _____________________Consignee: _____________________Port of loading: _______________________Arrival notice should be sent to: ________________________Port of discharge: ... of lading with liberty to proceed via any port or por
Description : How much does it cost to get a bill of lading?
Last Answer : A bill of lading is a document used when transporting goods overseas. It is used as a receipt. This document is free to obtain from ShipNorthAmerica.com.
Description : Where can I get a bill of lading?
Last Answer : You can obtain a bill of lading from any shipping company that you would use to ship your goods. They may be able to provide you with an electronic form, or you may have to fill one out by hand. Contact the company you plan to use, and they will be able to assist you.
Description : Which statement about the US economy is wrong? (A) The US has a capitalist mixed economy. (B) The US national debt is the world's largest. (C) The US economy is shaped by the country's ... infrastructure, and high productivity. (D) The USA is the largest exporter and importer of goods in the world.
Last Answer : (D) The USA is the largest exporter and importer of goods in the world.
Description : What becomes of a bill in Congress if a representative has a proxy but fails to vote as instructed?
Last Answer : answer:
Description : List of goods being transported, made out by the carrier is called ? 1. Bill of Exchange 2. Waybill 3. Indemnity Bond 4. Lorry Bond 5. None of these
Last Answer : Waybill
Description : My mail carrier refuses to walk to my door to deliver mail through the door slot, saying it is too far, about 25 ft from the street. Can he refuse to deliver my mail?
Last Answer : answer:Were I you, I would ask this question, here. Presumably the house was built with a mail slot that has stood it in good stead for many years. I'm all for equality, but if you cannot do a job, ... unequal to put you on it. How long have you lived there, and what part of the country are you in?
Description : The following are the more important irregularities and occurrences which must be mentioned in the daily report a) All irregularities reported by telegraph/fax. b) Absence of carrier appointed to receive or ... consequence being mentioned. c) Receipt or dispatch of special bags; d) All the above
Last Answer : atch of special bags;
Description : If I order goods from the e-shop , how will they deliver them to my home?
Last Answer : How to e-shop. Some will send it by mail, some PPL so they will bring it home. It depends on the shop.
Description : Which one of the following countries has been the largest importer of floriculture products; especially rose and lotus flowers in terms of value from India over last five years among all the countries given in the list ? (A) Japan (B) Italy (C) Netherlands (D) UAE (E) USA
Last Answer : (E) USA
Description : When can driverless semi trucks deliver goods over the world?
Last Answer : That will not be happening for quite a while. Self-driving involves a lot more than just a fancier cruise control and lane-keeping. Even hacks like Elon Musk had to learn that lesson.
Description : Any postal article suspected to contain any goods of which the transmission by post is prohibited by or under any enactment for the time being in force is received for delivery at a post office: (A ... of the postal staff (D) The officer incharge shall send the postal article to RLO for disposa
Last Answer : (B) The officer incharge of the post office will issue notice to the addressee inviting him to attend post office and shall in his presence open and examine the postal articles
Description : Where the seller wrongfully neglects or refuses to deliver the goods to the buyer, the buyer may sue for: A. Damages for non-delivery B. Damages for non-acceptance C. Specific performance D. Compensation
Last Answer : A. Damages for non-delivery
Description : Marketers must be able to count on their carriers to deliver goods on time and in an acceptable condition. Another name for this consistency of service is A)accessibility. B)capability. C)adaptability. D)reliability.
Last Answer : D)reliability.
Description : When the purchasing manager for ABBA seat covers buys material and thread, he considers a variety of factors. Which one of the following is LEAST likely to concern the buyer in the purchase ... )does the supplier also sell to my competitors D)does the price meet the company budget requirements
Last Answer : C)does the supplier also sell to my competitors
Description : On sellers wrongful refusal to deliver the unascertained goods to the buyer, the buyer can file a suit for recovery of a)goods b)damages c)both (a) and (b) d)none of these
Last Answer : d)none of these
Description : On the payment of price by the buyer ,if the seller fails to deliver the goods ,then the buyer can file a suit for a) refund of price b)interest c) none of this d)both (a )and (b)
Last Answer : a) refund of price
Description : Which is the largest importer country of Indian textile? -Do You Know?
Description : Which country is the top importer of rice in the world ?
Last Answer : Philippines is the top rice importer in the world.
Description : Hello, I would like to buy a used car for a reasonable price, but above all with a clear origin, preferably from imports from Rajch. Does anyone have a recommendation for a good company?
Last Answer : Hi, if you want a newer year, or "older new" from the showroom, I recommend the authors. So don't import exclusively Germany, but if you get a job and you care, I think you'll find it.
Description : Who is it?
Last Answer : Probably EFES
Description : What Country is the leading importer of artificial Christmas trees?
Last Answer : Need answer
Description : Letter of Credit is presented by– (A) Exporter (B) Importer (C) Custom Officer (D) Shipping Company
Last Answer : Answer: Importer
Description : The ability of a carrier to move goods over a specific route or network is the measure of its A)accessibility. B)dependability. C)reliability. D)capability. E)load flexibility.
Last Answer : A)accessibility.