1. Multiple choice questions
1. The UN/EDIFACT standard divides international trade documents into ( ).
A 9 categories
B 4 categories
C 2 categories
D 5 categories
2. The following is consistent with the "numeric representation of date, time and time limit" in the commonly used codes for international trade documents ( ).
A Sep.16,2009
B Sept.16,2009
C 20090916
D 2009,09,16
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3． Under the letter of credit payment method, the bank is not responsible for reviewing the documents when processing them ( ).
A Whether the documents are consistent with relevant international practices
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 relevant parties deal with ( ).
A Services
B Goods
C Documents
D Other activities
5. In accordance with the provisions of the United Nations Convention on Contracts for the International Sale of Goods, acceptance shall be effective in ( ).
A Principle of effectiveness after posting
B Principle of signing a written contract
C Principle of oral negotiation
D Principle of effectiveness upon arrival
6. Under the letter of credit payment method, symbolic delivery means that the seller's delivery obligation is ().
A No delivery
B Only delivery of documents
C Delivery against document
D Actual delivery
< p>7. For example, in a transaction, the bill of lading date is July 15, 2009, and the letter of credit is valid until August 15, 2009. According to "UCP600", the latest deadline for the beneficiary to submit documents to the bank is ( ).A July 15, 2009
B August 5, 2009
C August 15, 2009
D August 6, 2009
8. According to the provisions of my country's Negotiable Instruments Law, any bill of exchange issued ( ) is invalid.
A Restricted letterhead
B Indicative letterhead
C Name letterhead
D Bearer or visitor letterhead
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9． A foreign trade company quotes prices in CFR. If the company first delivers the goods to the cargo station or uses roll-on/roll-off or container transportation, ( ) should be used.
A FCA
B CIP
C CPT
D CFR
10. An issuing bank received the documents from Company A on March 1, 2010 (Monday). According to the provisions of "UCP600", the latest document review time should be ( ).
A March 5, 2010
B March 6, 2010
C March 7, 2010
D March 8, 2010
11. According to "General Regulations 2000", DAF trade terms ( ).
A Only suitable for road transport
B Only suitable for railway transport
C Suitable for railway and road transport
D Suitable for Various transportation
12. According to the provisions of "UCP600", if the letter of credit stipulates that terms such as "in triplicate", "in three fold", "in three copies" and other terms require the submission of multiple documents, at least ( ) originals must be submitted, and the remaining copies shall be used to satisfy the requirements.
A one portion
B two portions
C three portions
D four portions
13. According to the interpretation of "UCP600", if the terms of the letter of credit do not clearly stipulate whether "partial shipment is allowed" or "transshipment is allowed", it should be understood as ( ).
A Partial shipment is allowed, but transshipment is not allowed
B Partial shipment and transshipment are allowed
C Transshipment is allowed, but partial shipment is not allowed
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D Partial shipment and transshipment are not allowed
14. Under payment methods other than letters of credit, the primary basis for document preparation and review is ( ).
A Letter of Credit
B Sales Contract
C Correspondence
D Original information about the goods
15． Under a transferable letter of credit, the first beneficiary earns the difference by replacing the second beneficiary's submission ( ).
A Bill of exchange, invoice
B Invoice, bill of lading
C Bill of lading, packing list
D Complete set of documents
< p>16. International multimodal transport is a transport in which the multimodal transport operator transports the goods from the place where the goods are taken over in one country to the point where the goods are designated to be delivered in another country, by using two or more different modes of transportation. .A The multimodal transport operator is responsible for the entire transportation of the goods, and the freight is charged separately according to different modes of transportation
B The multimodal transport operator is responsible for part of the transportation of the goods, and the freight is charged for the entire journey. The rate is charged at one time
C The multimodal transport operator is responsible for the entire transportation of the goods, and the freight is charged at one time at the full rate
D Multiple modes of transportation are operated separately and billed separately
17. Among the following explanations about Group D trade terms, the one that is inconsistent with the provisions of the "2000 General Principles" is ( ).
A A contract concluded using Group D terminology is an arrival contract
B When concluded using Group D terminology, the buyer is not obliged to apply for freight insurance
C Using Group D When a transaction is concluded using terms in Group D, the seller shall handle export customs clearance procedures
D When a transaction is concluded using group D terms, the buyer shall handle import customs clearance procedures
18. In terms of the responsibilities and expenses borne by the seller, which of the following is the correct order ( ).
A FOB＞CFR＞CIF
B FOB＞CIF＞CFR
C CIF＞CFR＞FOB
D CIF＞FOB ＞CFR
19. In container transportation, the container cargo handover method that can realize "door-to-door" transportation is ().
A LCL／LCL
B FCL／FCL
C LCL／FCL
D FCL／LCL
20. Any draft with restrictive endorsement can only be withdrawn against the draft by ( ).
A Other endorsees
B Designated endorsees
C Bank
D Buyer
twenty one. Indicate "Drawn on us" in the draft terms of the letter of credit. When the exporter prepares the draft, the payee should be made ( ).
A Issuing bank
B Negotiating bank
C Importer
D Advising bank
22 ． According to the explanation of "UCP600", the first payer of the letter of credit is ( ).
A Importer
B Issuing bank
C Negotiating bank
D Advising bank
23 ． The letter of credit stipulates that the expiration date is January 30, 2009, but does not stipulate the latest shipment date, so it can be understood that the latest shipment date is ( ).
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 to transport several German-made medical equipment to my country. I fill in the fields of country of shipment and country of origin respectively ( ) in the import declaration form.
A United Nations, Germany
B Germany, Germany
C Germany, United Nations
D United Nations, United Nations
25. Which of the following statements about ocean bills of lading is incorrect ( ).
A Goods receipt
B Proof of transportation contract
C Property certificate
D Unconditional payment order
26． According to the provisions of "URC522", the following documents are not basic documents ( ).
A Commercial invoice
B Ocean bill of lading
C Insurance policy
D Certificate of age
27. The abbreviation for paperless trade is ( ).
A FAQ
B EDI
C ATP
D B2B
28. Acceptance is ( ) the act of expressing responsibility for payment at maturity for a usance bill.
A Payee
B Payee
C Seller
D Advising bank
29. Bank A opens a letter of credit and entrusts Bank B to act as the advising bank. Since Bank B cannot directly notify the beneficiary, after contacting the beneficiary, Bank A sends the letter of credit to Bank C, who then notifies the beneficiary. In this transaction, which of the above banks is the advising bank recognized by "UCP600" ( )?
A A Bank
B B Bank
C C Bank
D B and C Bank
30. The title of the ocean bill of lading refers to the ( ) of the bill of lading.
A Shipper
B Consignee
C Notify Party
D Carrier
31. In the terms of the letter of credit, "Latest date of shipment" means ( ).
A L/C expiration date
B L/C latest presentation date
C L/C earliest presentation date
D L/C latest shipment date
32. In liner shipping, which of the following expenses are not included ( ).
A Loading and unloading charges
B Dispatch charges
C Cabling charges
D Leveling charges
33. The following organizations that are not qualified to issue inspection certificates are ( ).
A CIQ
B CCIC
C SGS
D CCPIT
34. Exporting 100 metric tons of a certain commodity, the quotation is USD1850 FOB Shanghai per metric ton. The customer requested to change the CFR London price. It is known that the goods are grade 6 goods, the billing standard is W, and the freight per freight ton is USD70. If you want to keep the net foreign exchange income unchanged, you should report it externally ( ).
A 1,920 USD/metric ton
B 1,900 USD/metric ton
C 1,850 USD/metric ton
D 1,930 USD /metric tons
35. If the export price of a commodity is US$1,000 per metric ton CIFD2% Hong Kong, the discounted selling price is ( ).
A $20
B $200
C $980
D $98
36. To import a certain commodity, 60,000 U.S. dollars of foreign exchange are required. Assume that the foreign exchange price on the day of purchasing foreign exchange is USD1=RMB￥6.8125/6.8399, and RMB ( ) is required.
A 410 394 yuan
B 408 750 yuan
C 4 103 940 yuan
D 4 087 500 yuan
37． The original quotation of a certain commodity was 800 pounds per ton FOBC 2% Shanghai. Now the customer requires the commission to be increased to 5%. If the foreign exchange income is not reduced, it should be changed to ( ) pounds per ton.
A 784
B 825
C 785
D 824
38. Among the following options, the ones that do not include money orders are ( ).
A Deferred payment letter of credit
B Sight letter of credit
C Negotiation letter of credit
D Acceptance letter of credit
39． There is a logo on the outer packaging of the goods, with black words on a white background: Poison and a skull pattern. This kind of logo belongs to ( ).
A Toxic danger sign
B Corrosion danger sign
C Explosive danger sign
D Flammable danger sign Logo
40. The most commonly used mode of transportation for my country’s foreign trade cargo transportation is ( ).
A International multimodal transport
B River and sea transport
C Air transport
D Road transport
II , multiple choice questions
1. The following ( ) are property rights certificates.
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 ownership
C Risk division
D Cost division
E Responsibility Division
3. According to the provisions of "UCP600", if the name of the carrier is indicated on the surface of the ocean bill of lading, then ( ).
A The signer needs to indicate his identity
B The signer does not need to indicate his identity
C If he is signing as an agent, he must also indicate the identity of the principal.
D If signing by an agent, there is no need to indicate the identity of the principal
E Depends on the situation
4. The calculation standard for liner freight can be adopted ( ).
A By weight
B By number of pieces
C By volume
D By value
E Provisional agreement
5. According to the general rules of the Negotiable Instruments Law, the following situations can be considered as refusal of payment by the acceptor or payee: ( ).
A The acceptor or payee refuses to pay
B The acceptor or payee refuses to accept
C The acceptor or payee dies
D The acceptor or payer has been declared bankrupt according to law
E The acceptor or payer has escaped
6. Point out which of the following letter of credit terms are soft terms in the letter of credit ( ).
A The commercial invoice must be signed by the applicant for the issuance of the certificate
B The sample of the goods must be sent to the applicant for approval and used as one of the conditions for negotiation
C The commodity inspection certificate Issued by the applicant and used as one of the negotiation documents
D The letter of credit stipulates that the bank will pay the payment after the goods have been cleared
E The carrier vessel is designated by the buyer, and the name of the ship is credit Notification will be made in the form of a Letter of Credit Amendment, which must be submitted when presenting documents
7. The main difference between a general documentary letter of credit and a standby letter of credit is ( ).
A The conditions for bank payment are different
B The applicable scope is different
C The documents required for bank payment are different
D Applicable The conventions are different
E. The former belongs to bank credit and the latter belongs to commercial credit
8. Which of the following statements about transferable letters of credit is correct ( ).
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 "transferable" Words
D If the second beneficiary is unable to perform, the letter of credit can be transferred back to the first beneficiary
E Transferable letter of credit The second beneficiary can transfer the letter of credit to Subsequent third beneficiary
9. According to the provisions of "UCP600", the transportation documents that the seller can rely on to settle foreign exchange include ( ).
A Bill of Lading
B Non-negotiable sea waybill
C Terminal receipt
D Air waybill
E Railway waybill
10.
A Packing List
B Bill of Lading
C Size List
D Weight List
E Quality Certificate
11． Under the letter of credit payment method, foreign trade document work mainly includes ( ) and other aspects, which runs through the entire process of contract performance.
A Certification
B Document preparation
C Document review
D Document submission
E Archive< /p>
12. Which of the following options are commercial documents ( ).
A Invoice
B Bill of Lading
C Customs Declaration
D Bill of Exchange
E Proforma Invoice
13． The following correct statement about the insurance certificate is ( ).
A Commonly known as "small insurance policy", it is a simplified insurance policy
B It has both front content and back clauses
C It has the same characteristics as the insurance policy Equivalent
D In practice, the insurance certificate can replace the insurance policy
E Only used in import business
14. In international trade, the effective conditions for the establishment of a contract are ( ).
A The parties must have the capacity to sign the contract
B The contract must have consideration or consideration
C The form and content of the contract must be legal
D The expression of intention of the parties to the contract must be true
E All of the above are true
15. The correct statement about the relationship between letters of credit and contracts is ( ).
A The issuance of a letter of credit is based on the sales contract
B The processing of the letter of credit business is not bound by the sales contract
C The relevant bank handles the letter of credit The business should give due consideration to the contract
D The contract is the basis for reviewing the letter of credit
E The processing of the letter of credit business is subject to the sales contract
16. ( ) can usually be recorded in the Shipper column of the bill of lading.
A The supplier under the sales contract
B The person who signs the contract with the carrier on behalf of the supplier
C The person who hands over the goods to the carrier
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D The person who enters into a contract with the shipper
E The purchaser under the sales contract
17. Electronic consignment note booking is a development trend in realizing my country's "paperless trade transportation" project in the future. The main advantages of electronic booking are ( ).
A Fast booking speed
B Simple form
C Electronic consignment note can be deposited with paper consignment note
D Low error rate
E Changed the traditional practice of “exchanging ocean bill of lading with station receipt”
18. The commercial invoice is the first document that the cargo owner prepares when preparing a complete set of export documents. The commercial invoice must be used in the ( ) link before the shipment of export goods.
A Consignment booking
B Commodity inspection
C Export customs declaration
D Customs inspection
E Apply for insurance
19. The basis for the export cargo shipper to prepare the cargo consignment letter of authorization is ( ).
A Export manifest
B Sales contract
C Letter of credit
D Space allocation receipt
E Station Receipt
20. The key points that importers should pay attention to when reviewing commercial invoices are ( ).
A The drawer of the invoice should be the beneficiary of the letter of credit (except for transferable letters of credit), and the drawer of the bill of exchange should be the same person
B The payee of the invoice Should be the applicant for the issuance of a letter of credit
C The issuance date of the invoice should not be later than the issuance date of the bill of exchange, nor should it be later than the negotiation validity period of the letter of credit
D The product name, quantity, specifications, unit price, packaging, price terms, contract number, etc. and the description of the goods must be consistent with the provisions of the letter of credit. The unit price multiplied by the quantity must be consistent with the total invoice amount
E Unless otherwise stated in the letter of credit There are regulations that the invoice amount should be consistent with the bill amount and must not exceed the letter of credit amount
3. True or False Questions
1. From a commercial point of view, it can be said that the purpose of a CFR contract is not the goods, but the sale and purchase of documents related to the goods.
True or False
2. According to the purpose of documents, documents can be divided into commercial documents and bank documents.
True or False
3. Under a fake usance letter of credit, since the seller can receive the payment at sight, the payment term column on the bill of exchange should be marked AT SIGHT.
True or False
4. When liner transportation is used, if the words "decluttering" or "trimming" are not added after FOB, the buyer will bear the cost of decluttering or trimming.
True or False
5. A clean bill of lading refers to a bill of lading without any annotations.
True or False
6. If the acceptance notice is delivered to the offeror after the validity period specified in the offer has expired, the contract will not be established even though the offeror confirms it immediately.
True or False
7. Written contract forms include contracts, confirmations, memorandums, and data exchanges.
True or False
8. If the bill of exchange is marked with "payment upon arrival of the goods", it constitutes an additional condition for payment. According to my country's "Negotiable Instruments Law", the bill of exchange is invalid.
True or False
9. International trade practices are legally binding on the parties to a sales contract.
True or False
10. If the imported goods for which a foreign contract has been signed have not yet been imported within the validity period of the import license, you can apply for an extension of the import license from the original license-issuing agency.
True or False
11. If the amount of the bill is recorded in Chinese capital letters and numbers at the same time, the two must be consistent. If they are inconsistent, the amount in Chinese capital letters shall prevail according to the interpretation of my country's "Negotiable Instruments Law".
True or False
12. Unless "Without Recourse" is marked on the bill, after the bill is endorsed, the right to receive payment is transferred to the endorsee. If the bill is dishonored in the future, the endorsee can exercise the right of recourse to the predecessor.
True or False
13. When a transaction is concluded under CIF terms, the seller bears all costs and risks before the goods arrive at the port of destination.
True or False
14. The payee of a commercial bill is "Pay to John Stone only" and can be transferred by endorsement.
True or False
15. In foreign trade practice, when the document clerk enters document information, the first thing he should enter is the content of the commercial invoice.
True or False
16. A promissory note may be issued in duplicate or in multiple copies.
True or False
17. Remittance is a payment method in which the payer takes the initiative to deliver the payment to the payee through a bank or other channels, so it belongs to commercial credit, while collection is usually called bank collection, so it belongs to bank credit.
True or False
18. Goods loaded on the same ship, even if the shipping time or shipping location are different, are not considered to be shipped in installments.
True or False
19. The usual way to show that the goods have been shipped is to put it on a named vessel at the port of shipment specified in the letter of credit and stamp the bill of lading with "shipped".
True or False
20. The goods are exported from Dalian Port in my country to Hong Kong. The bill of lading shows the port of shipment as "Dalian, China" and the port of destination as "Hong Kong". This statement is correct.
True or False
21. Both the ocean consignment note and the ocean bill of lading are contracts of carriage between the shipper and the carrier. Although the forms are different, their functions are the same.
True or False
22. The transportation signs on the outer packaging of the goods must be displayed on the relevant consignment note, commercial invoice, packing list, and bill of lading, but the indicative signs, warning signs, and danger signs do not need to be displayed on the above documents.
True or False
23. Under FOB trade terms, the buyer designates the carrier and arranges transportation. Therefore, if the contract does not stipulate a "shipping notice" clause, the seller is allowed not to send a shipping notice to the buyer after shipment.
True or False
24. After the confirming bank has reviewed the documents for correct payment, if the issuing bank goes bankrupt or unreasonably refuses to pay, the confirming bank has no right to claim the payment back from the beneficiary.
True or False
25. The "M/V Plus Ad Val" in the liner freight calculation and charging standard means that the freight is calculated based on the higher of the volume, weight or value of the cargo.
True or False
26. There are 100 boxes of a certain product, each box size is 1Ox20x30CM, and the gross weight of each box is 30 kilograms. If the ocean freight is calculated and charged based on M/W (1 cubic meter = 1 freight ton), the carrier should charge freight based on weight tons.
True or False
27. In the case of payment by draft, the buyer purchases the bank draft and sends it to the seller, so this method of payment is bank credit.
True or False
28. The certificate of origin must show the name of the consignor or exporter.
True or False
29. The main contents such as quantity, unit price, total value and trade terms must be clearly displayed on the commercial invoice.
True or False
30. In international trade, all imported and exported goods must be inspected and certificates issued.
True or False
31. The letter of credit only stipulates the general name of the goods, and the invoice should still show it. The specific name of the goods can also be added, and it is allowed to be different from the general name.
True or False
32. The letter of credit requires the submission of a bill of lading and stipulates "SHIPMENT IN FCL" in the additional terms. The beneficiary can ignore this condition as a non-documentary condition.
True or False
33. During transportation, some cartons got damp and the clothes contained in the boxes were water-stained. Since this batch of goods was insured for water-damage insurance, the owner of the goods could claim compensation from the insurance company.
True or False
34. The "shipper" column in the GSP certificate of origin can be filled in with the exporter or intermediary of the beneficiary country.
True or False
35. The quantity, unit price and amount in the invoice can be marked with "about" or similar words.
True or False
36. The same columns in the stub, text page, and export tax refund special page of the export foreign exchange collection verification form must be consistent.
True or False
37. MT707 is the format for issuing letters of credit using SWIFT, and MT700 is the format for modifying letters of credit using SWIFT.
True or False
38. The function of the export foreign exchange collection verification form reflects the tracking and management of foreign exchange collection for export goods by national functional departments, which can prevent the loss of foreign exchange.
True or False
39. The letter of credit stipulates that the port of shipment is Chinese Port. When preparing the bill of lading, the Chinese Port column should be filled in as usual to avoid inconsistency with the documents.
True or False
40. Export tax rebates are measures commonly used by governments to encourage exports.
Correct or incorrect