广东外语外贸大学国际经济贸易学院
《国际贸易实务》2008-2009学年第二学期期末考试试卷（B卷）
考核对象：‘4+1’国贸081班
‘4+1’国贸082班
考试时间：2小时 班级：_______ 学号：________ 姓名：_________ 成绩：________
Ⅰ. Put T for true or F for false in the brackets at the end of each
statement. ( 15% ) 1. When the charterer fails to load or unload the goods within the stipulated period of time, he has to pay demurrage to the ship-owner. ( ) 2. According to UCP 600, amendment to a credit is valid only if it is approved by both the issuing bank and the beneficiary. ( ) 3. Sale by description and illustration is applicable to those products, which are complicated in structure. ( ) 4. Neutral packing is adopted to break tariff and non-tariff barriers of some importing countries. ( ) 5. According to UCP 600, the credit is legally independent of the underlying transactions. ( ) 6. According to UCP 600, confirmation to credit may be given by an advising bank at the request of the issuing bank. ( ) 7. Under the terms of INCOTERMS 2000, FOB, CFR, and CIF, the risk of loss of or damage to the goods, as well as any additional costs due to events occurring after the time of the goods have been delivered on board the vessel, is transferred from the seller to the buyer when the goods pass the ship’s rail in the port of shipment. ( ) 8. According to the Convention, a contract is still considered concluded if it is reached orally by both parties. ( ) 9. For terms marked with “W/M” (standard of calculating basic freight), the freight is to be calculated on the basis of either weight ton or measurement ton, subject to the high rate. ( ) 10. According to the Convention, silence or lack of response to the offer will be considered an acceptance. ( ) 11. To the seller, payment by T/T is much safer than by D/P. ( )
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12. According to the Convention, under no circumstances can an offer be revoked once it is made by the offeror. ( ) 13. The Counter Sample is made by the buyer. ( )
14. The shipping mark must be stipulated in international contract. If not, the surface of transportation packages must be blank. ( ) 15. According to the Convention, an acceptance can be withdrawn if the withdrawal reaches the offeror before or at the same time as the acceptance would have become effective. ( ) Ⅱ. Please choose the best answer from the following choices of each question. ( 10% ) 1. An exporter based in New York has agreed to sell goods to a company in London. The importer is responsible for arranging freight and insurance. Which of the following shipping terms is correct? ( )
A. CIF London B. FOB New York C. CIF New York D. FOB London 2. A B/L acts as ( )
A. a receipt of goods by the carrier
B. an evidence of the contract of carriage C. a document of title for the goods D. A, B, C are all right.
3. Which terms means the minimum cost coverage by the seller? ( ) A. EXW B. FCA C. FAS D.FOB
4. According to CISG, when sale by sample and there isn’t other detailed
stipulations in contract, the goods delivered by seller should be ( )
A. About same as the sample B. same as the sample C. different a little from sample D. A, B, C are all right.
5. A B/L has been pre-printed that “goods may be carried on deck” and has no other content about “on deck”. If the L/C don’t permit the carrying of goods on deck, then ( )
A. The issuing bank will reject this B/L as non-conforming. B. The issuing bank will accept this B/L as conforming. 6. Under D/A, the draft must be ( )
A. sight draft B. time draft C. banker’s draft D. clean draft 7. Which terms means the maximum cost coverage by the seller? ( ) A. DES B. DAF C. DDU D.DDP 8. The shipping Mark usually doesn’t contain ( ) A. the code name of shipper or consignee
B. number of packages C. name of destination
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D. chemical characteristics
9. Some goods readily absorbing moisture, such as cotton, wool and silk, etc. should be valued in ( )
A. Net weight B. Gross weight C. Conditioned weight D. Legal weight
10. In the following statements about loading and discharging charges in charter party, ( ) is correct. A. F.I. means the shipper should unload the goods by himself. B. F.O. means the shipper should load the goods by himself.
C. The time charter party shouldn’t stipulate terms about these charges. D. The ship-owner isn’t responsible for these charges in tramp shipping.
Ⅲ. Calculation ( 20% )
A Company in Guangzhou exports 1000 metric tons of goods at USD 94.00 per metric ton FOB Guangzhou to London, U.K.
1. If the standard of calculating basic freight of the above goods is “W/M”; the volume of the goods is 2 000 cubic meters; the basic freight rate for the goods is USD 2.50 per freight ton and plus port surcharge (10% of basic freight) and direct additional (7.8% of basic freight); the insured amount is 110% of CIF value and the premium rate is 1‰.
If this Chinese Company wants to offer CIF London price to its customer now, please calculate how much this company should offer CIF London price per M/T with the same profit. ( 10% )
2. According to the above conditions, if the domestic purchasing price is RMB 510 Yuan per metric ton; the domestic total charges (including all kinds of domestic fees and taxes) is 50 Yuan per metric ton; the export tax rebate is 11.67 Yuan per metric ton; the exchange rate is USD1:RMB7. Please calculate the exchange rate and the rate of profit or loss of this export transaction. ( 10% )
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Ⅳ. Case Study (30%)
A Chinese exporter exported 5000 sets electrical household appliances to an importer on the basis of USD 600 per set CFR Los Angeles. Both parties agreed to stipulate the following in the contract:
“…… 40% payment by T/T in advance and 60% payment by D/P 90 days
after sight.
The buyer should remit the 40% of total value on or before September 30th,
2008.
Shipment from Chinese port to Los Angeles, not later than Oct. 21st, 2008. Packed in wooden box fumigated more over 12 hours with H2S gas. Partial shipment and transshipment are prohibited. ……”
After received buyer’s remittance money September 28th, the exporter shipped 3000 sets in Shanghai Port on Oct. 4th, 2008, sent shipping advice on time to the importer and got one set of clean on board B/Ls. Then the exporter shipped the other 2000 sets on board the same vessel in Guangzhou Port on Oct. 8th, 2008, sent shipping advice on time to the importer and got other one set of clean on board B/Ls. And then the vessel began to sail to Los Angeles.
1. Whether the seller have breached the contract provision of “Partial shipment and transshipment are prohibited” or not? Why?
2. If during the transportation from Guangzhou to Los Angeles by sea, the ship struck on a rock and got stranded. Therefore, the ship arrived at Los Angeles after a delay (latter about 20 days than usual time) and part of goods have been damaged during transportation. According to INCOTERMS 2000, whether the importer has the right to claim losses because of transportation delay? Why?
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3. If these appliances had been insured against W.P.A as per China Insurance Clause before shipment. And if the Inspection Certificate states that: 1000 sets suffered losses at USD 30000 due to the above event; the other 4000 sets are in good conditions and quality. Whether insurance company should compensate the damage or not? Why?
4. If the importer became bankrupt Nov. 2008, without paying money and taking the collection documents, what should the collecting bank do? Was the collecting bank responsible for receiving goods? Why? What should the exporter do? Why?
5. If the exporter entrust bank for D/P, but importer borrowed the full set of documents from collecting bank with T/R before payment and later the importer became bankrupt, what should the exporter do? Why?
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