国际贸易实务试卷A卷096.docx

《国际贸易实务》学年第二学期期末考试试卷卷）

2008-2009A

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I • Put T for true or F for fal in the brackets at the end of each statement. (15%)

1 According to UCP 600, after issuanee of the letter of credit, the issuing bank may refu

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payment if the applicant becomes bankrupt.( )

2. According to UCP 600, an issuing bank must always reimbur the advising bank if the

latter pays the credit( )

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3 According to CISG, the quotation can be submitted in written form or be nt orally. ()

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4. According to INCOTERMS 2000, CIF is the term when the goods are delivered with

all the charges up to arrival at the port of destination paid by the ller.( )

5. According to UCP 600, a transferable credit can be transferred by the first

beneficiary to veral other (cond) beneficiaries for more than once.( )

6. According to CISG, any modification to the offer, no matter how minot is, will make

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the origi nal offer in valid and thus it constitutes a new offer.( )

7. All Risks of CIC can cover all the loss that are caud by various kinds of risks.

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8. According to INCOTERMS 2000, under CFR, the ller must pay the usual freight

and any additional costs that ari in route

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9. Additional coverage must be effected together with FPA, WA or All Risks according

to CIC.()

10. Under the D group of INCOTERMS 2000, if the ller is not requested to pay for

clearing customs, the term should be DDU

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) acceptance of an offer becomes effective(

11. Accordi ng to CISG, a con tract comes into effect at the moment when an

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12. Blank B/L requires no endorment for the transfer of it, therefore, it is often ud

in international trade( )

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13. Counter sample can help avoid disputes over the quality of goods in the

international trade( )

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14. The more or less clau is a clau that stipulates that the quantity delivered by

the ller can be more or less within certain extent (range).( )

15. In stipulating the lay time in the contract, there are veral ways to prescribe lay

time, but in our country, the way of stipulating “ weather working day of 24 concutive

hours” is usually adopted

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II • Plea choo the best answer from the following choices of each question.

(10%)

1 • An L/C calls for CFR shipment. The B/L should be marked ( )

A. Freight Collect B Freight Prepaid C. Freight as per charter party

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2. In the following payment terms, ( ) is the safest term to the ller.

A. D/P at 30 days after sight

B. D/A at 30 days after sight

C Payment at 30 days after delivery of goods

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D. Payment at 40 days after arrival of goods

3 If an on board B/L has been pre-printed “Shipped on board then ( )

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A. it need not bear a dated on board notation, but it must be marked the name of

vesl and its voyage number.

B. it must bear a dated on board no tat io n, but it n eed not be marked the n ame of

vesl and its voyage number.

C. it need not bear a dated on board notation and the name of vesl and its voyage

number.

D. it must bear a dated on board notation and must be marked the name of vesl

and its voyage number.

4. In the following statements about documentary collection, ( ) is correct.

A. belonging to mercantile credit and using commercial draft

B. belonging to bank credit and using bankers draft

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C. belonging to mercantile credit and using bankers draft

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D. belonging to bank credit and using commercial draft

5. An L/C prohibits partial shipments and the beneficiary prents 3 ts of B/L each with a

different on board date and place but showing the same destination, vesl and voyage

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According to UCP600, this does not constitute partial shipments.( )

A. True B. Fal

6 In the following statements about remittance, ( ) is not correct.

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A. belonging to mercantile credit and using commercial draft

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B. remittance is of three types: T/T, M/T and D/D.

C. belonging to mercantile credit and using banker's draft under D/D.

D. remittance is a good method when payment in advance

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7. The consignee of goods under the B/L may be one of the following parties, which is the

best choice for ller ( )

A. to the buyer of the sales con tract

B. to the named consignee in cludi ng straight con signee or order of con signee

without endorment and transferor

C. to the bearer

D. to the order of the ller

8. The documentary draft in international trade is a draft accompanied by ( )

A. the con tract con eluded between the ller and the buyer.

B. the L/C issued by the buyer's bank.

C documents issued by the ller

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D. documents as per stipulati ons in releva nt con tract or L/C.

9. The issuing bank of L/C usually refus ( )

A. Order B/L B. On deck B/L C. Container B/L D. Liner B/L

10. According to CISG, if the ller delivered more goods than stipulated in the sales

contract, then the buyer can not ( )

A. refu to take delivery of all goods

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B. refu to receive the part of excess.

C. receive all goods but must pay for the part of excess

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D. receive quantity stipulated in the sales con tract and the excess parti y.

HL Calculation ( 20%)

A Company in Guangzhou exports 10000 metric tons of goods at USD 150.00 per

metric ton CIF New York to America.

1. If the standard of calculating basic freight of the above goods is W/M; the volume of

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the goods is 200 000 cubic decimeters; the basic freight rate for the goods is USD

5.00 per freight ton and plus port surcharge (10% of basic freight); the insured amount

is 110% of CIF value and the premium rate is 1%o.

If this Chine Company wants to offer FOB Guangzhou price to its customer now,

plea calculate how much this company should offer FOB Guangzhou price per M/T

with the same profit. (10% )

2 According to the above conditions, if the domestic purchasing price is RMB 700 Yuan

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per metric ton; the domestic total charges (ineluding all kinds of domestic fees and taxes)

is 100 Yuan per metric ton; the export tax rebate is 50 Yuan per metric ton; the exchange

rate is USD1:RMB7 Plea calculate the exchange raand the rate of profit or loss

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怕

of this export transaction. (10%)

IV. Ca Study (30%)

A Chine exporter exported 500 M/T walnut to a Canadian importer on the basis of

USD4800 per M/T CIF Quebec. Both parties agreed to stipulate the following in the contract:

“ ...... Payment by acceptance L/C and draft at 30 days after sight.

L/C should be issued by the end of September, 2008 and keep valid till Nov. 20,

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2008.

Shipment from Guangzhou port, not later than Oct. 31, 2008.

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Partial shipment and transshipment are prohibited ............ ”

After received the relevant qualified L/C, the exporter shipped the goods in Guangzhou

port on Oct. 10th, 2008 and got clean on board B/L.

The usual time for transporting goods from China to Canadian by a will not exceed 30

days However, due to bad weather, the liner arrived at Quebec on Dec 5th, 2008

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and 20% of goods have been damaged during transportation.

The importer informed the issuing bank of L/C and the exporter of giving up payment and

refusing to take the delivery of the goods unless 20% discount of the total value of the goods

was made for the loss incurred to the importer.

1. If the exporter has made complying prentation on time to issuing bank, do you think,

according to UCP600, whether the issuing bank should pay to the exporter or not? Why?

2. If the exporter prented complying documents and drafts to issuing bank on Nov. 18,

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2008, do you think, according to UCP600, whether the issuing bank should pay to the

exporter or not? Why?

3. According to INCOTERMS 2000, do you think the importer has the right to refu taking

the delivery of the goods? Why?

4 If the exporter has insured for F.P.A. on Oct 8, 2008, do you think the insurance company

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should compensate the damage? Why?

5. If the exporter has insured for W.P.A. on Oct 8, 2008, do you think the insurance company

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should compensate the damage? Why?

6. If the insurer should compensate the damage, who ( the exporter or the importer) should

bear the insurance policy to claim damage? Why?

V. Point out respective negotiation steps (such as enquiry, offer or acceptance) from the

following massages in April 2009, and then put in the brackets at the end of each

massage. (14%)

Time Massages

(Sent by Telex)

April 2: Interested in Butterfly Brand wing machine JA-1, 3000 ts, prompt shipment,

plea quote ( )

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April 3: Butterfly Brand wing machine JA-1, 3000 ts, packed in wooden cas USD 62

per t CIF Kuwait, May 2009 shipment, sight credit reach us before 20, April

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2009. Reply here before 6, April 2009. And subject to our final confirmatio n.( )

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April 5: Your TLX Third April 2009, regret price unable accept. Competitors quoting similar

quality USD 55, plea reply immediately.( )

April 7: Butterfly Brand wing machine JA-1, 3000 ts, packed in wooden cas USD 60

per t CIF Kuwait, May 2009 shipment, sight credit reach us before 20, April

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2009. Reply here before 9, April 2009.

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April 8: Your price best USD57, Book additional 500 ts same terms Reply Promptly.

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( )

April 9: Your TLX eighth accepted, But price USD 59,( )

April 10: Your ninth confirmed.( )

VI. And according to the above telex massages(in V), plea fill out the following form

of Sales Contract. (11%)

Sales Contract

NO.: 090410

Date: 10 April, 2009

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This contract is made and entered into by and between the ABC Company

Limited hereinafter referred to as the Seller (s) and XYZ Company Limited

hereinafter referred to as the Buyer (s); whereby the Seller (s) agree to ll and the

Buyer (s) are to buy the commodity/ies mentioned in this contract subject to the

terms and conditions stipulated below:

NAME OF COMMODITIES: __________________________

SPECIFICATIONS/ QUALITY: __________________________

QUANTITY: __________________________________________

TIME OF SHIPMENT: __________________________________

PACKING: ___________________________________________

UNIT PRICE: _________________________________________

TOTAL AMOUNT: ______________________________________