Basic Theory and Knowledge of International Business Documentation Test Questions
I. Single-choice questions (40 questions, 1 point per question, ****40 points.). Single-choice questions can only choose one answer, multiple choice does not
Score, please answer the question card will be the corresponding option black)
1. UN/EDIFACT standards for international trade documents are divided into ( ).
A. 9 categories B. 4 categories
C. 2 categories D. 5 categories
2. and international trade documents commonly used in the code of "date, time and time period of the numerical representation of" is consistent with ( ).
A.Sep.16,2009 B.Sept.16,2009
C.20090916 D.2009,09,16
3. Under the letter of credit payment, the bank is not responsible for reviewing the processing of documents ( ).
A. Whether the documents are consistent with the relevant international practice B. Whether the documents are consistent with the letter of credit
C. Whether the documents are consistent with the international trade contract D. Whether the documents are consistent with the documents
4. In the letter of credit business, the parties concerned deal with the ( ).
A. Services B. Goods
C. Documents D. Other acts
5. According to the United Nations Convention on Contracts for the International Sale of Goods, the acceptance of the entry into force of ( ).
A. Effect of postal delivery B. Signing of written contracts
C. Oral negotiation D. Arrival of the effective principle
6. Under the letter of credit payment, symbolic delivery means that the seller's obligation to deliver is ( ).
A. non-delivery B. delivery of documents only
C. delivery of documents D. actual delivery
7. If in a transaction, the bill of lading is dated July 15, 2009, the letter of credit is valid until August 15, 2009, the letter of credit is valid.
According to UCP600, the latest period for the beneficiary to pay the bill to the bank is ( ).
A．July 15, 2009 B．August 5, 2009
C．August 15, 2009 D．August 6, 2009
8．According to China's bills of lading law, any bill of exchange issued ( ) is invalid.
A. Restricted payee B. Indicative payee
C. Nominal payee D. Bearer or caller payee
9. A foreign trade company to the CFR quotation, if the company first delivered the goods to the station or the use of roll-on roll-off and containerized transport,
should be used ( ) is appropriate.
A. FCA B. CIP
C. CPT D. CFR
10. An issuing bank on March 1, 2010 (Monday) to receive the documents handed over by the A company, according to the "UCP600" provisions, the latest
Review of the bill of lading should be cut off until ( ).
A. March 5, 2010 B. March 6, 2010
C. March 7, 2010 D. March 8, 2010
11. According to UCP 2000, the DAF trade term ( ).
A．Only for road transport B．Only for rail transport
C．Applicable to both rail and road transport D．Applicable to all kinds of transport
12．According to UCP600, if the letter of credit specifies such terms as "in triplicate", "in three fold", "in
three copies" and other terms require the submission of more than one document, then at least submit () the original, and the rest of the use of copies of documents
to meet.
A. one copy B. two copies
C. three copies B. four copies
13. According to the interpretation of "UCP600", if the terms of the letter of credit does not explicitly provide for whether "allowed to ship in parts", "allowed to transfer
shipping
A. Letter of credit B. Contract of sale
C. Correspondence D. Original information about the goods
15. Transferable letter of credit, the first beneficiary by replacing the second beneficiary to submit ( ), in order to earn the difference in price.
A. bill of exchange, invoice B. invoice, bill of lading
C. bill of lading, packing list D. full set of documents
16. international multimodal transport is two or more different modes of transportation, multimodal transport operator will be transported from the territory of a country
take over the goods from the location of the place of transport of goods in the territory of another country designated to deliver the goods, by ( ).
A. The multimodal transport operator is responsible for the entire carriage of the goods, and the freight charges are levied separately according to the different modes of transport
B. The multimodal transport operator is responsible for the entire carriage of the goods, and the freight charges are levied at one time according to the full rate
C. The multimodal transport operator is responsible for the entire carriage of the goods, and the freight charges are levied at one time according to the full rate
D. The multiple modes of transport are operated separately and billed separately
D. D. Multiple modes of transportation, separately operated, separately billed
17. The following descriptions of Group D trade terms are inconsistent with the provisions of Incoterms 2000 ( ).
A. Group D terminology contract is a contract of arrival
B. Group D terminology transaction, the buyer is not obliged to apply for cargo insurance
C. Group D terminology transaction, the seller will handle the export customs clearance
D. Group D terminology transaction, the buyer will handle the import customs clearance
18. In terms of the responsibilities and costs borne by the seller, the following is the correct order ( ).
A. OFB>CFR>CIF B. OFB>CIF>CFR
C. CIF>CFR>FOB D. CIF>FOB>CFR
19. In the container transport, can realize the "door-to-door" transportation of containerized cargo handover is ( ).
A. LCL / LCL B. FCL / FCL
C. LCL / FCL D. FCL / LCL
20. Where made into a restricted endorsement of the bill of exchange, can only be taken by the ( ).
A. other endorsed B. designated endorsed
C. bank D. buyer
21. in the letter of credit bill of exchange terms, "Drawn on us", the exporter to repair the bill of exchange, the payer should be made
( ).
A. Issuing bank B. Negotiating bank
C. Importer D. Notifying bank
22. According to the interpretation of UCP600, the first payer of the letter of credit is ( ).
A. Importer B. Issuing bank
C. Negotiating bank D. Notifying bank
23. The letter of credit stipulates that the expiration date is January 30, 2009, and does not stipulate the latest shipment period, it can be understood that the latest shipment period
for ( ).
A. January 10, 2009 B. January 30, 2009
C. January 9, 2009 D. The letter of credit is invalid
24. A German company was commissioned by the United Nations World Health Organization, several German-made medical equipment to China. I in the import declaration
Country of origin and country of origin columns were filled ( ).
A. United Nations, Germany B. Germany, Germany
C. Germany, the United Nations D. United Nations, the United Nations
25. The following statement on the bill of lading is incorrect ( ).
A. Receipt for goods B. Proof of contract of carriage
C. Certificate of title D. Unconditional order for payment
26. According to the provisions of URC 522, the following documents are not basic documents ( ).
A. Commercial invoice B. Ocean bill of lading
C. Insurance policy D. Vessel age certificate
27. The following is known as paperless trade in the English acronym is ( ).
A．FAQ B．EDI
C．ATP D．B2B
28．Acceptance is ( ）to the forward bill of exchange to express the liability for payment on maturity.
A. Payer B. Payee
C. Seller D. Notifying bank
29. Bank A opens a letter of credit and entrusts Bank B to be the notifying bank. Since Bank B cannot notify the beneficiary directly, after contacting the beneficiary, Bank A sends the letter of credit to Bank C, which notifies the beneficiary. In this operation, which of the above mentioned banks is recognized as a notifying bank under UCP600? ( )
A. Bank A B. Bank B
C. Bank C D. Bank B and C
30. The head of the bill of lading refers to the ( ) of the bill of lading.
A. Shipper B. Consignee
C. Notify Party D. Carrier
31. The terms of the letter of credit, "Latest date of shipment" means ( ).
A．Letter of credit expiration date B．Letter of credit latest date of delivery
C．Letter of credit earliest date of delivery D．Letter of credit latest date of shipment
32. Which of the following costs is not counted in liner transportation. ( )
A. loading and unloading charges B. speedy demobilization charges
C. handling charges D. flat rate
33. The following organizations are not qualified to issue inspection certificates ( ).
A. CIQ B. CCIC
C. SGS D. CCPIT
34. 100 metric tons of a commodity exported, quoted per metric ton of USD 1850 FOB Shanghai, the customer asked to change to CFR London price, known
The goods for the 6 goods, billing standards for W, per freight ton freight USD 70. If you want to keep the net income of foreign exchange. If you want to keep the foreign exchange net income unchanged, should be reported
( )
A. 1920 U.S. dollars / metric tons B. 1900 U.S. dollars / metric tons
C. 1850 U.S. dollars / metric tons D. 1930 U.S. dollars / metric tons
35. If the export price of a commodity is 1,000 U.S. dollars per metric ton CIFD2% Hong Kong, discounted selling price for the ( ).
A. 20 U.S. dollars B. 200 U.S. dollars
C. 980 U.S. dollars D. 98 U.S. dollars
36. Import of a commodity need to use foreign exchange of 60,000 U.S. dollars, set to buy foreign exchange on the day of the foreign exchange rate for the USD1 = RMB ￥ 6.8125/6.8399,
needed to use the RMB ( ).
A. 410394 yuan B. 408750 yuan
C. 4103940 yuan D. 4087500 yuan
37. A commodity originally quoted 800 pounds per ton FOBC2% Shanghai, the customer now requires a commission to 5%, if you do not reduce foreign exchange earnings,
should be changed to ￡ per ton ().
A. 784 B. 825
C. 785 D. 824
38. The following options, excluding bills of exchange ( ).
A. deferred payment letter of credit B. on-demand letter of credit
C. negotiated letter of credit D. acceptance letter of credit
39. goods on the outer packaging of the sticker has a sign, which has a white background with black letters: Poison and skeleton pattern, this sign belongs to
( ).
A. toxic danger sign B. corrosive danger sign
C. explosive danger sign D. flammable danger sign
40. China's foreign trade cargo transportation is the most common mode of transportation ().
A. international multimodal transport B. river and sea transport
C. air transport D. road transport
Two, multiple-choice questions (1. 5 points per question, ***15 points.). Multiple-choice answers to multiple choice, less choice,
wrong choice will not be given points, please in the answer card will be the corresponding options black)
1. The following ( ) is a certificate of title.
A. Railway waybill B. Air waybill
C. Ocean bill of lading D. Multimodal transport document
E. Road waybill
2. trade terms, also known as price terms, are used to describe ( ).
A. price composition B. property rights
C. risk division D. cost division
E. liability division
3. According to the provisions of the UCP600, if the surface of the bill of lading for ocean transportation carrier name, then ( ).
A. The signatory needs to indicate its identity
B. The signatory does not need to indicate its identity
C. If signed by an agent, it must also indicate the identity of the agent
D. If signed by an agent, it does not need to indicate the identity of the agent
E. Depending on the circumstances
4. The liner freight rate can be calculated using the standard (). ).
A. by weight B. by number of pieces
C. by volume D. by value
E. provisionally agreed
5. According to the general rules of the law of bills, can be regarded as the acceptor or payer refuses to pay the situation ().
A. The acceptor or payer refuses to pay B. The acceptor or payer accepts
C. The acceptor or payer dies D. The acceptor or payer has been legally declared bankrupt
E. The acceptor or payer flees from the scene
6. Point out that the following terms of the letter of credit belongs to the nature of the letter of credit of the soft terms are ( ).
A. Commercial invoice to be signed by the applicant for the issuance of the letter of credit
B. Samples of the goods sent to the applicant for the issuance of the letter of approval and as one of the conditions of negotiation
C. Certificate of inspection issued by the applicant for the issuance of the letter of credit and as one of the negotiation documents
D. Letter of credit provides for the clearance of the goods before the bank to pay for the goods
E. The carrier vessel is specified by the buyer, the name of the vessel Notification by way of a letter of credit amendment letter must be submitted at the time of delivery of the letter of credit amendment
A letter of credit amendment
7. The main difference between a general documentary letter of credit and a standby letter of credit is ( ).
A. Different conditions for payment by the bank B. Different scope of application
C. Different documents to be provided by the bank for payment D. Different practices applied
E. The former belongs to the bank credit, the latter belongs to the commercial credit
8. The following is correctly stated for the transferrable letter of credit ( ).
A. A transferable letter of credit can only be transferred once
B. A transferable letter of credit can be transferred countless times
C. A transferable letter of credit must be marked with the word "transferable"
D. If the second beneficiary is unable to perform, the letter of credit can be transferred to the first beneficiary
D. If the second beneficiary is unable to perform, the letter of credit can be transferred to the first beneficiary. E. The second beneficiary of a transferable letter of credit may transfer the letter of credit to the third beneficiary thereafter
9. According to UCP600, the seller can be based on the settlement of shipping documents ().
A. Bill of lading B. Non-negotiable sea waybill
C. Yard receipt D. Air waybill
E. Railway waybill
10. The following documents, the invoice to play a supplementary role in the description of ( ).
A. Packing list B. Bill of Lading
C. Size list D. Weight list
E. Certificate of quality
Three, judgment (0.5 points per question, ***20 points.). The answer is "yes", please color A on the answer card, the answer is "no", please color B on the answer card)
1. From a commercial point of view, it can be said that the purpose of the CFR contract is not the goods, but the sale and purchase of documents related to the goods. ( )
2. According to the purpose of documents, they can be classified as commercial and banking documents. ( )
3. Under a false forward letter of credit, since the seller can receive the payment immediately, the payment term column on the bill of exchange should be typed as immediate (AT
SIGHT). ( )
4. liner transportation, where the FOB is not followed by the words "handling" or "flat", the buyer shall bear the cost of handling or flat
. ( )
5. Clean bill of lading refers to the bill of lading without any endorsement. ( )
6. If the notice of acceptance reaches the offeror beyond the validity period specified in the offer, the contract
cannot be formed even though the offeror acknowledges it immediately. ( )
7. The written form of contract includes both the contract, confirmation, memorandum, and exchange of data messages. ( )
8. If the bill of exchange is annotated with "payment upon arrival of goods", it constitutes an additional condition for payment, and according to China's "Bills of Exchange Law",
the bill of exchange is invalid. ( )
9. International trade practices are legally binding on the parties to the contract of sale. ( )
10. foreign contracted imported goods, in the validity of the import license has not been imported, then the original licensing agency
apply for an extension of the import license. ( )
11. Note amount in Chinese capitals and numbers recorded at the same time, the two must be consistent, if inconsistent, according to China's "Notes
Law" of the interpretation of the Chinese capital amount shall prevail. ( )
12. Unless the bill of exchange states "Without Recourse", the bill of exchange is endorsed, the right to receive payment is transferred to the endorsed
person, and the endorsed person may exercise recourse to the predecessor in the event of a subsequent refusal of payment of the bill of exchange. ( )
13. When a transaction is concluded on CIF terms, the seller bears all costs and risks until the goods are delivered to the port of destination. ( )
14. A commercial bill of exchange made payable to "Payable to John Stone only". A commercial paper payable to "Pay to John Stone only" is negotiable by endorsement. ( )
15. In foreign trade practice, the documentalist to enter the document information, should be the first to record the information is the content of commercial invoices. ( )
16. cashier's check can be issued in duplicate or multiple copies. ( )
17. remittance is the payer's initiative through the bank or other means of payment to the payee of a payment, so belongs to the commercial
commercial credit, while the collection is usually called the bank collection, and therefore it belongs to the bank credit. ( )
18. Goods loaded on the same ship are not considered to be shipped in installments, even if the time or place of shipment is different. ( )
19. The usual way to indicate that the goods have been loaded on the ship is to load the named vessel at the port of shipment specified in the letter of credit to be endorsed, and in the bill of lading
stamped "loaded". ( )
20. Goods exported from the port of Dalian, China to Hong Kong, the bill of lading shows the port of shipment "China, Dalian", the port of destination "Hong Kong",
this statement is correct. ( )
21. Ocean consignment note and ocean bill of lading are shippers and carriers contract of carriage, although the form is different, but the role is
same. ( )
22. Transportation markings on the outer packaging of the goods shall be shown on the relevant consignment note, commercial invoice, packing list and bill of lading, but the indicative
markings, warning markings and hazardous markings are not required to be shown on the above documents. ( )
23. Under FOB terms of trade, the buyer appoints the carrier and arranges transportation, so if the contract does not provide for the "notice of shipment" clause, the seller is allowed not to send the notice of shipment to the buyer after loading. ( )
24. After checking the documents for payment, if the issuing bank fails or unreasonably refuses to pay, the confirming bank has no right to claim back the goods
money from the beneficiary. ( )
25. The "M/V Plus Ad Val" in the liner freight rate means that the freight is charged according to the higher of the volume, weight or value of the goods.
This means that the freight is charged according to the volume, weight or value of the goods. ( )
26. 100 boxes of a commodity, each box size 1Ox20x30CM, the gross weight of each box 30 kg, if the ocean freight rate according to M / W
(1 cubic meter = 1 freight tons), the carrier will charge freight by weight tons. ( )
27. In the case of payment by bill of exchange, the buyer purchases a bank draft and sends it to the seller, so this form of payment belongs to the bank
bank credit. ( )
28. Certificate of origin must show the name of the consignor or exporter. ( )
29. The main elements such as quantity, unit price, total value and trade terms must be clearly shown on the commercial invoice. ( )
30. In international trade, all imported and exported goods must be inspected and issued certificates. ( )
31. Letter of credit only provides for the general name of the goods, the invoice should be shown, but also can be added to the detailed name of the goods, and can be different from the general name of the goods
. ( )
32. When a letter of credit requires the presentation of a bill of lading and provides for "SHIPMENT IN FCL" in an additional clause, the beneficiary may disregard this clause
as a non-documentary condition. ( )
33. Some of the cartons were damp during transportation, and the clothing contained in the cartons showed water damage. Since the goods were insured against water damage, the owner of the goods
could make a claim to the insurance company. ( )
34.GSP certificate of origin in the "consignor" column can be filled in the beneficiary country exporters or intermediaries. ( )
35. The quantity, unit price and amount in the invoice can be labeled with "about" (about) or similar words. ( )
36. The same columns in the stub of the export receipts and bills of exchange, the original coupon, and the special coupon for export tax refunds must be the same. ( )
37. MT707 is the format for opening a letter of credit under SWIFT, and MT700 is the format for amending a letter of credit under SWIFT. ( )
38. The role of export receipt and cancellation is reflected in the tracking and management of the collection of export goods by the state departments to prevent the loss of foreign exchange. ( )
39. The letter of credit provides for the port of shipment for Chinese Port, the repair of bills of lading, the port of shipment column should be filled in Chinese Port
to avoid discrepancies in the documents. ( )
40. Export tax rebates are commonly used by governments to encourage exports. ( )
Four, short answer questions: (5 points per question, ***25 points)
1. Try to compare the main differences between CPT and CFR.
2. According to "UCP600", what types of transportation documents?
3. What are the modes of settlement under a letter of credit? Which mode of settlement is favorable to the exporter? Why?
4. international trade, the standard transportation mark consists of which parts? Try to give an example. In the use of international trade standard transportation mark
Signs should pay attention to what problems?
5. Briefly explain the basic procedures for export insurance.
2010 Basic Theory and Knowledge Reference Answers
I. Single Choice
1-5 ACCCD 6-10 CBDCD 11-15 DABBA 16-20 CDCBB
21-25 ABBBD 26-30 DBACB 31-35 DBDAC 36-40 ABAAB
II. Multiple Choice
1-5 CD;ACDE;AC;ABCDE;ABCDE 6-10 ABCDE ;ABC;ACD;ABDE;ACD
III. Judgment
1-5 ABBAB 6-10 BBABA 11-15 BABBA 16-20 BBAAB
21-25 BABAB 26-30 BBAAB 31-35 BBBBB 36-40 ABABA
IV. Short Answer
1. Try to compare the main differences between CPT and CFR.
Answer:
CPT CFR
1. different modes of transportation
various modes of transportation, water transportation
2. different places of delivery
designated places, ports of shipment
3. different boundaries for the division of risk
goods handed over to the carrier, ship's rail
2. According to UCP600, transport documents include According to UCP600, what are the types of transportation documents?
A: including sea waybill, chartered bill of lading,
multimodal transport document, non-negotiable sea waybill,
airway bill, parcel receipt,
road, rail or inland waterway transport document.
3. What are the modes of settlement under a letter of credit? Which mode of settlement is favorable to the exporter? Why?
Answer: There are three main ways of settlement under the letter of credit: settlement on delivery, purchase order settlement (negotiation) and regular settlement.
The bill of lading is favorable to the exporter.
Because the bill of sale is the negotiating bank to give the beneficiary of the funds to finance the early recovery of the goods.
4. international trade, the standard transportation mark consists of which parts? Try to give an example. In the use of international trade
Standard Transportation Marks should pay attention to what problems?
A: international trade, the standard transportation mark by the consignee name abbreviation, reference number, destination name, piece number of four
Part composition.
For example: ABC consignee name abbreviation
9188 reference number
LONDON destination name
NOS.1-200 piece number
The use of international trade standard transportation mark should pay attention to:
Limit of 17 letters or numbers in each line, the use of uppercase letters or figures; do not allow the use of geometric figures
The use of international trade standard transport mark:
Limited to 17 letters or numbers per line, the use of capital letters or numbers; not allowed to use Geometric
or other patterns; color coding is not allowed as a transport symbol.
5. Briefly describe the basic procedures for export insurance.
A: The policyholder must submit
an application for insurance to the insurer after arranging transportation and confirming the date of shipment of the goods, and before the date of shipment of the goods.
The insured must be the goods and the shipment of the shipment, shipment date, transport origin, destination and the specific need to be insured
insurance as well as other requirements relating to the terms of the insurance policy clearly filled in the relevant insurer's printed insurance
insurance policy or with the exporter's own style of policy, the use of letters of credit must be consistent with the letter of credit
terms of request. p>The terms and conditions of the letter of credit must be met.
The insurance company receives the insurance policy, based on this, collects the insurance premium and issues the insurance policy.