A. CIF price C. CFR price B. FCA price
little damaged” on the B/L. This B/L is a/an ( ).
A. Clean B/L C. To order B/L B. Unclean B/L
D. Shipped B/L D. FOB price
39. The shipping company makes a notation such as “Few carton bottom little wet”、“Some carton
40. When a company negotiates payment through bank, which kind of B/L will the bank accept? ( ).
A. Clean on board B/L C. Unclean B/L B. Received for shipment B/L 41. COD is the abbreviation of ( ).
A. Cash of Delivery C. Cash of Document B. Cash on Delivery
D. Cash on Document D. Ante-dated B/L
42. It should be stressed that the scope of INCOTERMS is limited to matters relating to the rights and obligations of the parties to the S/C with respect to the delivery of goods sold in the sense of, ( )
A. “merchantable” C. “tangible” such as stationary B. “negotiable”
D. “intangible” such as software
43. If the parties to a sales contract do not in advance agree upon whether the quantity of goods is determined by gross weight or net weight, it will be determined by ( ).
A. gross weight or net weight C. tare weight B. net weight
D. gross weight
44. According to the CISG, if the quantity delivered by the seller is greater than of the contract, the buyer can refuse ( ).
A. all the goods C. the quantity stipulated in S/C B. the excess part of the whole quantity
D. the quantity stipulated in L/C
45. Suppose you are an export and your business place is in China, which one of the following quotation is correct? ( )
A. USD150 PER BALE FOB NEW YORK B. $200 FOB SHANGHAI
C. EURO500 PER SETS DEQ VANCOUVER D. HKD50 PER PAIR GUANGZHOU
46. Contracts must renewed one week _____their expiration.
A. on C. the moment of B. against
D. before
47. The commodities you offered are _____line with the business scope of our clients.
5
A. outside C. out B. out of
D. without
48. We are arranging for an inspection tour of _____the material was processed.
A. place C. where B. the place
D. there
49. We are reconsidering those trade terms _____might be adverse to the interest of our principals. A. what C. when B. that
D. where
50. We find that there is no stipulation of transshipment _____in the relative L/C.
A. allowing C. which allowed B. which allows
D. being allowed
51. After unpacking the case we found that the goods did not ______with the original sample.
A. match C. agree B. come up
D. measure
52. If the first shipment ______ , we guarantee that we will send you many repeat orders.
A. match C. agree B. come up
D. measure
53. It is necessary that an arbitration clause ________in the contract.
A. will be included C. be included B. must be included
D. has been included
54. Please see that your written confirmation ________by the end of this month, otherwise we will be free form the obligation for this offer.
A. reaches us C. reach us B. will reach us
D. reached us
55. That helps to explain ______businesses are setting up Net sites even though profits aren’t yet very big.
A. that C. why B. the reason for
D. why that
56. We wish to stress that shipment must be made within the prescribed time limit, as a further ______will not be considered by our end-users.
A. prolong C. extension B. protract
D. expansion
57. With computer users linked to the Internet growing _____every year, business is trying to cash in on the worldwide network.
A. at million C. with one million B. with a million
D. by millions
6
58. We regret having to remind you that 30% of the freight is still______.
A. owned C. outstanding B. owning
D. understanding
59.________you fulfill the terms of the L/C, we will accept the drafts drawn under this credit. A. Provided C. In the case B. To provide
D. Only if
60. Kindly advise us of the steamers that call _______your port every month.
A. at C. in B. on
D. for
61. It should be _____if you could immediately ________what quantity you can supply us at present.
A. thankful, advise C. appreciated, advise B. appreciate, advise
D. appreciating, inform
62. We thank you for your e-mail of November 25__B____your purchase of 10 M/T wild rice.
A. confirm C. to confirm B. confirming
D. confirmed
63. Subject to satisfactory arrangements ______terms and conditions, we should be pleased to act as your sole agent.
A. as C. as if B. as per
D. as to
64. Our usual terms of payment are _______L/C and we hope they will be satisfactory ______you. A. by, for C. for, to B. by, to
D. for, with
65. That helps to explain why businesses are setting up Net sites ______ profits aren’t yet very big.
A. even C. even though B. although
D. why that
66. The contract between a party who agrees to accept the risk and a party seeking protection from the risk a contract of _________.
A. payment C. shipment B. production
D. insurance
67. The customs duties act _______an essential leverage on regulating import and export behavior.
A at C. in B. as
D. to
68.The Chinese word “运单” is translated as________.
7
A .invoice C. Waybill B. B/L
D. Contract
69. When we want to buy something from other countries, we should make ________ first.
A. an offer C. a confirmation B. a inquiry
70. Swedish Krona is the currency of ________ .
A. Singapore C. Sri Lanka B. Spain
71. Cairo is a city of _______.
A. Sri Lanka C. Egypt B. Denmark
D. Indonesia D. Sweden D. an acceptance
72. In the contract, usually there is a ________ clause to protect the buyer against loss from delay of the shipment of the goods.
A. payment C. penalty B. shipment
D. quality
73. This contract is made _______ Dalian International Economical Trade Co. and Kich Boro International Limited.
A. among C. with B. between
D. by
74. In foreign trade business, the trade terms CFR is often used, CFR is the abbreviation for _______.
A. cost, insurance and freight C. cost and freight B. commercial invoice
D. consular invoice
Keys to multiple choices:
1 11 21 31 41 51 61 71
C C A D B B C C 2 12 22 32 42 52 62 72 B D B B C B B C 3 13 23 33 43 53 63 73 A A D C D C D B 4 14 24 34 44 54 64 74 C B A A B A B C 5 15 25 35 45 55 65 D A C A C C C 6 16 26 36 46 56 66 D D A B D C D 7 17 27 37 47 57 67 D A B C B D B 8 18 28 38 48 58 68 B B C D C C C 9 19 29 39 49 59 69 C C D B B A B 10 20 30. 40 50 60 70 B A B A D A D
8
Part II: True or False
1. Exporting gives a manufacturer a large market for his products, while imports have unfavorable effects on the home market.
2. Some commodities, like tea and wool, are sold on a tale quail basis and the buyer has to inspect a consignment himself.
3. Immediate delivery is known as a future contract.
4. Quoting firm prices for many months ahead involves little risk.
5. Hedging is an operation adopted by merchants and others in the commodity markets who deal in futures to protect themselves against risk of loss, caused by future changes in price .
6. The prices of produce remain unchanged for weeks and months, so buyers can place orders on the basis of printed price lists.
7. The manufacturer may appoint a foreign agent who acts as a principal and pays for the goods himself.
8. A closed indent is one which names the supplier of the goods required.
9. A clearing agent is usually skilled in completing the formalities needed to clear goods through the Customs.
10. Advertising aims to make a product or service known to the public in order to sell it. 11. An offer may not indicate the terms of payment.
12. The price-list and catalogues sent to some companies are also offers with binding effect. 13. According to the United Nations Convention on Contracts for the International Sale of Goods, an acceptance with non-material alterations or additions can still constitute a valid acceptance. . 14. According to the CISG, a late acceptance caused by abnormal transmission of the post office is nevertheless effective unless the offeror shows objection without delay.
15. Landed quality refers to the quality of the goods re-inspected upon their arrival at the port of destination.
16. After issued of the letter of credit, the Issuing Bank may refuse payment if the applicant becomes bankrupt.
17. After the negotiating bank negotiates the documents, which are refused by the opening bank later, the negotiating bank may ask the beneficiary for repayment.
18. According to the UCP600, a freely negotiable credit must stipulate a place for presentation of documents for negotiation.
19. If the L/C prohibits partial shipments and the goods are shipped in full quantity with the price not reduced, a short drawing of 5 percent in the amount is permissible.
20. If the Issuing Band appoints the Bank of China as its Advising Bank of L/C, then the Issuing Bank may ask the Bank of Asia to advise amendments to the L/C.
21. A bank will only accept a clean transport document. A clean transport document is one bearing no clause or notation expressly declaring a defective condition of the goods or their packaging.
9