Questions for chapter 1

Tiếng anh chuyên ngành 2 Câu hỏi ôn tập Tiếng anh chuyên ngành 2 chương 1, trường đại học Ngoại thương, năm 2022 2023, chủ đề vận tải quốc tế, thương mại quốc tế, phương tiện vận tải, Tiếng anh chuyên ngành 2 Câu hỏi ôn tập Tiếng anh chuyên ngành 2 chương 1, trường đại học Ngoại thương, năm 2022 2023, chủ đề vận tải quốc tế, thương mại quốc tế, phương tiện vận tải

1 What are 5 steps in negotiating delivery?

An overview of the five negotiating steps is suggested to simplify discussion of the ideas and to avoid problems: Timing, Location, Transport, Risk Title and Insurance, Terms of Trade

2 When must delivery take place?

Good negotiators should mention a delivery date in negotiating the timing of an export deal and then other issues relating to coming into force, delay and compensation for delay, use a straight forward calendar date to name the delivery date The date of coming into force is not usually a calendar date, but the date on which the last precondition is met Common preconditions are:

+ Receipt of import and/ or export approval

+ Receipt of foreign exchange approval from a central bank

+ Issuance of a letter of credit or bank guarantee

+ Making of a down-payment by the buyer

+ Issuance of an insurance policy

+ Issuance of a certificate of origin

+ Delivery by the buyer of plans, drawings or other documentation

- Negotiators may agree on a cut-off date: if the contract has not come into force within a certain time, then it becomes null and void

3 What is the place of delivery?

Place of delivery: is the point at which the exporter passes responsibility for the Goods to the Buyer Delivery can take place at a number of places between manufacturer’s factory and the Buyer’s warehouse

4 Why is location important?

Because it is the point at which the exporter passes responsibility for the Goods to the Buyer A convenient location can lower transportation costs and minimize time

in transit, reduce the risk of delays of goods from suppliers as a result of delays experienced along the transit route

5 Why is transportation important?

The transportation sector is responsible for all of international trade in goods Trade costs paid by exporters, as well as the ensuing trade flows are largely shaped

by the behavior of transportation companies

6 What are modes of transportation?

Sea transport, air transport and Inland transport (by road, by rail, by barge, by mail or by mixture)

7 Where is the risk often passed from the exporter to the importer?

At the point of delivery

8 Where does transfer of ownership take place?

When the shipping documents are delivered to the buyer and he receives them by paying price of the goods

9 How many kinds of delay in delivery?

Excusable delay, Non - excusable delay

10.What is excused delay?

It is caused by an Force Majeure event

11.What events does delivery date trigger?

Exporter fulfills duties under the contract

Payment may become due

Risk and title pass to the buyer

12.How to fix delivery date?

To use a straightforward calendar date or interval times

13 When does the contract come into force?

When all the preconditions have been met

14 When is a contract binding? After the signature date

15.When is a contract binding and effective?

After the date of coming into force

16.In what kind of contract is a cut-off date set?

If the contract has not come into force within a certain time

17.How does the date of coming into force affect the delivery date?

The delivery date is normally fixed for a certain days after the date of coming into force

18.What is the grace period?

It is the period between the delivery date and the day of the beginning penalty period

19.What is the grace period used for?

It uses for facilitating early delivery

20.What can parties do if the force majeure events continue too long?

The duties under the contract can be suspended or terminated altogether.

21.What are the 3 outcomes of FM?

 Resumption of delivery

 Termination of contract

 Unclear and dangerous situation

22.What are the two remedies given to the Buyer for any unexcused delay?

 Requiring the exporter to make delivery as agreed

 Fully and adequately compensation

23.Which law prefers to award damages? It is subject to some national law 24.Which law enforces performance? Common Law

25.What questions do the courts ask in setting a figure for compensatory damages for late delivery?

 Did the loss provably follow from the breach?

 Was the loss reasonably close to the breach in the chain of events?

 Did the buyer take reasonable steps to keep the loss as small as possible

26.What are liquidated damages?

A fair figure, a lump sum to be paid per day (week or month) of late delivery, agree by both parties

27.What are penalties?

Damages are paid to compensate one party for a loss

28.Explain the differences between liquidated damages and penalties

The difference is that the motive behind them Liquidated damage is a fair pre estimate and a penalty is an attempt to terrorize.

29.What is quasi-indemnity?

It is a compensation figure so low that it relieves a seller's responsibility for late delivery

30.What notation must a Marine Bill of Lading bear? Loaded on board

31.How can a marine bill of lading be made into a negotiable document?

Typing the word "Order" in the consignee box

32.What are clean shipping documents?

Shipping documents are free of notes about defects

33.What aspects of the goods does the carrier (the transportation company) inspect? – The packaging only

34.What defects does the carrier note on the face of the bill of lading or other shipping documents?

Packaging, weight or general appearance of the goods

35.Which player (exporter or buyer) is responsible for arranging insurance cover?

There are two schools of thought

 The first sees the point of delivery as decisive, up to deliver the

exporter insures, after the delivery the buyer

 The second approach lies behind C term, the exporter arrange

insurance

36.Name types of insurance policy: Floating Policy and Open cover

37.What does a Marine Insurance policy cover?

It contains clause A, B and C Clause A covers anything not excluded; clause B and C exclude anything not expressly covered

38 What are 3 variables taken into account when setting up the 13 terms?

Point of delivery, transport and Costs after delivery

39 Identify 4 categories in which the 13 terms are grouped

Each type is divided into four groups: E, F, C and D These categories are determined by the delivery location and who is responsible for covering the cost of each part of the journey The groups are then split into sub-categories which refer to various scenarios

40.What are main functions of ocean BL?

It uses for payment by an LC

41.What are requirements of BL when payment is made by LC? – Clean BL