Directions: Choose the answer that suits the question most.In how many originals and copies is the air waybill issued according to the standard of the International Air Transport Associa
Trang 1(Note: If either party is prevented from, or delayed in, performing any duty under this Contract by
an event beyond his reasonable control, then this event shall be deemed force majeure.)
A ban is issued on the export of jute products by newly elected government that has been
preparing legislation on this subject for five years.
Trang 2Directions: Choose the answer that suits the question most.
In how many originals and copies is the air waybill issued according to the standard of the International Air Transport Association - IATA?
A
Three originals and three copies
B
Trang 3Three originals and six copies.
Directions: Choose the answer that suits the question most
Which of the following discrepancies is NOT the problem with the Letter of Credit?
Trang 4Insurance cover is expressed in a currency other than that of the credit (insurance)
Trang 5Assuming shipment is by rail, what if a letter of credit demands the original bill of lading?
The Anglo-American contract is …………
A
not the entire agreement
Trang 6In a contract under a Continental law, a recital ……
Trang 8Directions: A word or phrase is missing in each of the sentences below.Four answer choices are given below each sentence Choose the best answer to complete the sentence Then mark the letter (A), (B), (C) or (D) on the screen.
In a contract under a Continental law, a recital ……
Trang 9Directions: Choose the answer that suits the question most.
Dawson bought vanilla beans from Indonesia Dawson instructed an American bank to open a letter of credit One of the required shipping documents was a certificate of quality issued "by experts” The bank paid the exporter The beans, when they arrived, were rubbish The certificate of quality was signed, however, by only one "expert” Could the bank collect from Dawson the money it had paid to the exporter?
A
Definitely, it could
Trang 12Directions: Read the sentence given below Choose the best answer that fits the situation Then mark the letter (A), (B) or (C) on the screen.
(Note: If either party is prevented from, or delayed in, performing any duty under this Contract by an event beyond his reasonable control, then this event shall be deemed force majeure.)
Shortage of supplies (Background: The exporter cannot get the raw jute he needs from the supplier because of a shipping delay)
Normally, Risks are transferred at the point of
Trang 13If both parties perform their duties correctly, a contract is discharged by :
Trang 14The Vienna Sales Convention is also called :
Trang 15Điểm trừ: 0.00đ
Directions: A word or phrase is missing in each of the sentences below Four answer choices are given below each sentence Choose the best answer to complete the sentence Then mark the letter (A), (B), (C) or (D) on the screen
Anglo-American law is also called ………
Directions: Choose the answer that suits the question most
In negotiating a letter of credit, the step in which the exporter rigorously checks documentation and submits
it to the bank is ………
A
Agreement
Trang 17Directions: Choose the answer that suits the question most.
Which is the most appropriate method of payment for the exporter in the following case?
Sale of a bale (roll) of cloth costing $200 to a nearby tailor’s shop with whom you have done business for
Trang 18Câu 35:
Điểm: 1.00đ
Điểm trừ: 0.00đ
Directions: Choose the answer that suits the question most
The majority of shipping documents presented to banks under documentary credit transactions are accepted on first presentation Right or wrong?
Trang 19The main difference between Continental and Anglo-American contract law is the degree of ………
A
Codification
Trang 20In CIF and CIP contracts, the exporter normally assigns the insurance agreement to
A
The buyer
B
The carrier
Trang 21War risk is not included in
The parties to a contract are not always required to ………… the Vienna Sales Convention
Trang 22Directions: Choose the answer that suits the question most.
The method of payment which is dangerous for the exporter is……
A
Cash on delivery
B
Trang 23Accepting a personal check
"Minimum Coverage” is the so-called Cargo Clause
Trang 24Điểm: 1.00đ
Điểm trừ: 0.00đ
Directions: A word or phrase is missing in each of the sentences below Three answer choices are given below each sentence Choose the best answer to complete the sentence Then mark the letter (A), (B) or (C) on the screen
The delivery depends on
As for Anglo-American law, the decision of the judge is always …………
A
Predictable
Trang 25Directions: Choose the answer that suits the question most.
What happens if the issuing bank finds a problem with the documents and refuses to send funds to the advising bank to cover payment?
Trang 26The payments from the advising bank to the exporter are always made with recourse The exporter has to pay back the advising bank in such a case OK