南京理工大学
- An irrevocable credit cannot be amended, revoked or cancelled.
- Nostro account is an account held by a bank on behalf of a correspondent bank.
- If a bill is payable "at 30 days after date", the date of payment is decided according to the date of acceptance.
- To the seller, payment by T/T is much safer than by D/P.
- In international trade, only the Metric System is allowed to indicate the quantity of goods.
- When the seller and the buyer have concluded an arbitration agreement, then it will rule out the jurisdiction of the court of law.
- Compared with CIF, the importer will bear fewer obligations under the FOB.
- Demurrage is a fine imposed on the charterer for the delay in the loading and/or unloading of the goods.
- Since straight B/L bears a higher risk than the order B/L, it is rarely used in international transportation.
- The arbitration agreement can be concluded before or after the dispute.
- Sometimes when the buyer cannot determine a specific port of discharge during negotiation, he may require two or three ports to be written on the contract as optional ports.
- UCP600 stipulates that partial shipment and transshipment are allowed unless it is stipulated otherwise.
- An arbitration award is final and binding in every country.
- When a bank decides to advise the credit, it shall take reasonable care to check the apparent authenticity of the credit which it advises.
- According to INCOTERMS2020®, under CIF contract, the seller has no obligation to give the buyer prompt shipping advice after the goods are shipped on board the vessel because the seller has insured the goods for the buyer before shipment.
- A promissory note is an unconditional order in writing.
- Generally speaking, the quality includes the intrinsic quality, outer quality, and service quality.
- There is only one trade term in Warsaw-Oxford Rules 1932.
- Under All Risks, the insuring company will bear the losses of or damage to the goods in transit.
- Discounting means to sell a time bill already accepted by the drawee but not yet fallen due to a financial institution at price equal to its face value.
- If the goods are to be exported to Japan from Xi’an (an inland city in China), FCA is better than FOB.
- A commercial invoice is a statement describing the merchandise, its cost, and shipping charges.
- An offer, even if it is irrevocable, may be withdrawn at any time.
- All partial loss or damage is not recoverable with FPA.
- According to UCP 600, all the credits are irrevocable and thereby constitute a definite undertaking of the issuing bank to honor a complying presentation.
- Under L/C operations, all parties concerned tdeal with ( ).
- The term FOB should be followed by ( ).
- According to INCOTERMS2020®®,under the trade term ( ), the importer must pay the costs of customs clearance in the exporting country as well as the importing country.
- If the parties to a sales contract do not in advance agree upon whether the quantity of goods is determined by gross weight or net weight, it will be determined by ( ).
- If the CIF value in an international contract is USD 9 000 000, and there isn’t any special terms and conditions about the insurance, then according to INCOTERMS2020®, the seller could ensure the goods for ( ).
- Generally speaking, the date of the insurance policy should be ( ) the date of the B/L.
- Among the following payment methods, ( ) is the safest for the seller.
- An exporter in Guangzhou has agreed to sell goods to a company in New York. The exporter is not responsible for arranging transport and insurance. Which of the following shipping terms is correct? ( ).
- General speaking, ( ) original bills of lading are required.
- Under CIF contract, generally speaking, it is the ( )who will contract for insurance.
- In the international sale of goods, ( ) are the essential legal steps for the conclusion of the contract.
- ( ) represents higher risks for the cargo and is not accepted unless expressly permitted by the consignee.
- Among the calculating method, ( ) is suitable for those commodities, which are of high economic value and with unsteady moisture, such as wool, raw silk, etc.
- We often transfer “sales by the Buyer’s sample” to “sales by the Seller’s sample” by the ( ) sample.
- According to UCP600, a tolerance not to exceed ( )% more or ( )% less than the quantity of the goods is allowed, provided the credit does not state the quantity in terms of a stipulated number of packing units or individual items and the total amount of the drawings does not exceed the amount of the credit.
- Under D/D, the draft in use is ( ).
- There are ( ) in INCOTERMS2020®.
- During operation of L/C, ( ) guarantees to buy all the documents from the exporter.
- An L/C calls for FOB shipment. The B/L should be marked ( ).
- Among INCOTERMS2020®, the Buyer bears the maximum obligations under ( ).
- The most frequently used pricing methods are ( ).
- Which of the following unit price clause is correct when we export or import something since 2010? ( ).
- As to those commodities of high economic value and with unsteady moisture content, such as raw silk, wool, and cotton, weight is usually calculated by ( ).
- Generally, ( ) are those two necessary links for the conclusion of the contract.
- Generally, among the following payment methods, ( ) is the safest term for the buyer.
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A:错 B:对
A:错 B:对
A:错 B:对
A:对 B:错
A:services B:other performances to which the documents may relate C:goods D:documents
A:port of shipment B:point of origin C:port of destination D:place of shipment
A:DDU B:CIF C:DDP D:EXW
A:gross weight B:gross weight or net weight C:tare weight D:net weight
A:USD 9 900 000 against TPND B:USD 9 900 000 against WPA C:USD 9 900 000 against FPA D:USD 9 900 000 against All Risks
A:the same as B:B or C C:earlier than D:later than
A:Payment against documents, at 30 days after sight B:Payment by T/T 15 days before the Seller delivers the goods C:Payment against documents, at 30 days from the date of B/L D:Payment by acceptance L/C, at 30 days after sight
A:FOB Guangzhou B:FOB New York C:CFR New York D:CIF New York
A:1 B:2 C:4 D:3
A:Buyer B:Seller C:carrier D:Insurer
A:offer and accept B:inquiry and acceptance C:inquiry and offer D:offer and counter offer
A:On deck B/L B:Clean B/L C:On board B/L D:Order B/L
A:A net weight B:theoretical weight C:conditioned weight D:legal weight
A:duplicate sample B:reference sample C:either of A, B and C D:counter sample
A:10 5 B:10 10 C:5 10 D:5 5
A:time and commercial draft B:time and banker’s draft C:sight and banker’s draft D:sight and commercial draft
A:13 B:12 C:10 D:11
A:the paying bank B:the opening bank C:the negotiating bank D:the importer
A:Freight as per charter party B:Freight Collect C:Freight Paid D:Freight Prepaid
A:CIP B:DDP C:CIF D:EXW
A:flexible pricing B:Floating pricing C:Partially fixed price and partial unfixed price D:fixed pricing
A:USD per ton CIFC New York B:USD100.00 per case less 50% discount C:JPY200 per carton CFR England D:GBP 2,000 per set CFR New York INCOTERMS®2010
A:Legal Weight B:Conditioned Weight C:Gross Weight D:Theoretical Weight
A:the enquiry and the counter offer B:the enquiry and the offer C:the offer and the counter offer D:the offer and the acceptance
A:D/A at 30 days after sight B:Payment in advance C:D/P at sight D:L/C
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