a. direct liners are not available
b. the amount of the cargo is very small c. the shipping date is very close
d. the export covers a large amount of goods
61. __________ is the practice of sharing among many persons risks that would otherwise be suffered by only a
few.
a. Trade b. Transportation c. Insurance d. Description
62. The losses done to the goods in marine transportation can be classified into two types, namely__________
a. actual total loss and constructive total loss b. general average and particular average c. basic loss and additional loss d. total loss and partial loss
63. In the marine cargo insurance practice, general average is__________
a. a kind of partial loss b. a kind of total loss
c. partial loss or total loss decided by the time d. constructive total loss
64. For exporting rice, the goods can not be used according to its original usage because of its having been soaked
by the sea water for a long time owing to the accident, as a result, the goods has to be sold at a lower price at the destination. the loss herein is __________ a. particular average b. general average c. actual total Loss d. constructive total loss
65. WPA was covered for exporting goods, and part of the goods was damaged because of the rain on the way, then
the insurance company should __________ a. compensate for the whole lot
b. compensate for the part damaged c. compensate for none
d. compensate for all the exporting goods
66. Exporting clothes are soaked heavily because of the ship hitting the submerged reef in the sea, if the cost dealt
with and sent to the destination is more than the value insured, then the loss can be regarded as __________ a. general average b. actual total loss c. constructive total loss d. particular average
67. The goods concluded on the CIF basis has been burnt because of the fire after being loaded , then __________
a. the loss is due to the seller
b. the seller asks the insurance company for compensation
c. the buyer asks the insurance company for compensation d. the loss is due to the party who pays the freight 68. Particular additional coverage of CIC _________
a. can be covered alone b. can’t be covered alone
c. can be covered alone when more than two of them are covered
d. can be covered alone when only one of the insured applies for insurance 69. Under CIC, general additional risks include the following except for_________
a. Risk of Shortage b. TPND c. Failure to delivery d. Risk of odor
70. Basic coverage of marine cargo insurance under CIC includes the following except for________ a. FPA b. War Risk c. WPA d. All Risks 71. Total cost of exporting includes ____________
a. production cost b. sales price
c. production cost and all charge before exporting
d. production cost, all charge and taxes before exporting
72. Which one is the best expression of unit price for international trade? __________
a. CIF LONDON US$1010/MT b. CIF LONDON $1,010.00/MT c. CIF LONDON US$1,010.00/MT d. CIF LONDON $1,010.00/TON
73. The seller reduces the price by a certain percentage of the original price for the buyer, that’s to say, the seller
does proper favor in price for the buyer. The favor is called__________ a. commission b. discount c. advance payment d. deposit
74. While choosing the money for the payment in international trade, one should __________
a. choose hard money b. choose soft money
c. choose soft money for export and hard money for import d. choose hard money for export and soft money when import
75. In international trade, the method of calculating plain commission is__________
a. net price multiply by commission rate
b. commission-included price multiplied by commission rate c. net price divided by（one minus commission rate） d. unit price multiplied by commission rate
76. In international trade, the commission is usually collected by __________
a. the seller b. the buyer c. the insurance company d. the intermediary 77. Which one is the price including commission__________
a. FOBS b. FOBT c. FOBST d. FOBC 78. Which one of the following quotation is wrong? __________
a. FOB QINGDAO USD10.00/PC b. CIF LIVERPOOL GBP125.00/MT c. FOB SHANGHAI $15.25/PC d. FOB JINAN USD2.00/KG 79. The followings are included in CFR and CPT prices expect for __________
a. production cost b. freight c. insurance premium d. profit
80. If the unit price clause is stipulated as “USD 200 per metric ton CIF London less 3% discount”. Then the price
is called a/an _________
a. net price b. commission-included price b. discount-included price d. discount-excluded price
81. Which one of the following is not the means of remittance? __________
a. L/G b. M/T c. T/T d. D/D 82. T/T means __________
a. mail transfer b. telegraphic transfer c. demand draft d. letter of credit
83. Which means of international payment is a kind of bank credit? __________
a. Remittance b. Collection c. L/C d. D/D 84. Which L/C means double guarantee for the beneficiary? __________
a. Revocable L/C b. Documentary L/C c. Confirmed L/C d. Transferable L/C
85. As to confirmed L/C, the payment responsibility of confirming bank is ______
a. primary b. secondary c. third d. fourth
86. There is a draft whose drawer and drawee are both bankers. Which one is it in the followings? __________
a. Commercial Draft b. Banker’s Draft c. Clean Draft d. Documentary Draft 87. A Check is a kind of ____ drawn on a banker.
a. sight draft b. time draft
c. sight promissory note d. time promissory note 88. D/P at sight means__________
a. document against payment after sight b. document against payment at sight c. documentary collection d. document against acceptance
89. As to the seller, the risk of D/P, D/A and L/C can be arranged (from great to small) as followings: __________
a. D/A, D/P and L/C b. L/C, D/P and D/A c. D/P, D/A and L/C d. D/A, L/C and D/P
90. In the following terms of settlement, which is the most risky one for the seller? __________
a. T/T in advance b. D/A c. D/P at sight d. D/P after sight 91. “Shipping Weight and Landed Quality” means__________
a. to make inspection at the port/place of destination b. to make inspection at the port/place of destination
c. to make inspection in the exporting country and make reinspection in the importing country.
d. to make inspection at the port/place of shipment to take shipped weight as final and make reinspection at the port/place of destination to make take landed quality as final.
92. Among those inspection methods, the most commonly used one is______
a. to make inspection at the port of shipment b. to make inspection at the port of destination
c. to make inspection in the exporting country and make reinspection in the importing country.
d. to make inspection at the port of shipment to take shipped weight as final and make reinspection at the port of destination to make take landed quality as final.
93. An exporter delivered the goods according to the stipulation of contract, and submitted clean B/L to the
importer. After receiving the goods, the importer found that the goods are damaged because of the damage to the outside packing. There is also a sea protest showing that the damage is due to heavy weather. Whom should the importer claim to? __________
a. Shipping company b. Insurance company c. Seller d. Buyer
94. When__________ happens, the party that fails to perform the contract is allowed to relieve liabilities of the
non-performance.
a. war b. world market price goes up c. manufacture fault d. currency devaluation
95. In international commodity sales, the commonly used way to stipulate force majeure clause is __________
a. in a general way b. without stipulation c. in a way to list the scope d. in a comprehensive way
96. The necessary condition of settling disputes through arbitration is that __________
a. the seller and buyer have an arbitration agreement or an arbitration clause in the contract b. the seller and buyer have contract
c. the case can’t be settled through conciliation d. one party comes to nothing through litigation
97. Which descriptions of arbitration award are not correct? __________
a. The award is usually final.
b. The seller or buyer can sue in a law court about the award.
c. If the award is not executed by one party, the other may ask the competent court to enforce it. d. The award is binding upon both parties.
98. If the sales contract between a Chinese company and a Japanese B company stipulates that the arbitration shall
be conducted in defendant’s country. Which place may carry on arbitration if the Japanese company is the complaint. __________
a. Beijing b. London c. Tokyo d. New York
99. An arbitration clause should specify the following points except for___________
a. an arbitration agency b. a location for arbitration a. the number of arbitrators d. an arbitral award
100. In international trade, the best method of settling disputes is __________
a. negotiation b. lawsuit c. arbitration d. litigation 101. If a B/L can be transferable, it must be a ___________
a. clean B/L b. transshipment B/L c. order B/L d. on board B/L
102. Based on whether the goods are loaded or not, the B/L can be classified into _____
a. clean B/L and unclean B/L b. direct B/L and transshipment B/L
c. straight B/L and order B/L d. on board B/L and received for shipment B/L
103. _____ is issued by the shipping company after the goods are actually shipped on board the designated
vessel.
a. Shipped B/L b. Clean B/L c. Received for shipment B/L d. Liner B/L 104. _____ means that there is no definite consignee of the goods.
a. Blank B/L b. Order B/L c. Straight B/L d. Direct B/L
105. Under_____, only the named consignee at the destination is entitled to take delivery of the cargo.
a. Blank B/L b. Order B/L c. Straight B/L d. Direct B/L
106. ______ merely confirms that the goods have been handed over to and are in custody of the shipowner.
a. Shipped B/L b. Clean B/L c. Received for shipment B/L d. Liner B/L 107. Combined transport B/L differs from Through B/L in that_______.
a. only one carrier is involved in Through B/L
b. only one carrier is involved in Combined transport B/L c. combined transport B/L is always connected with sea d. through B/L is not connected with sea
108. Air waybill differs from B/L in that ____
a. air waybill is not a negotiable title to goods b. air waybill is a receipt of goods c. it is evidence of dispatch d. both a and b
109. Under CIF, freight on the B/L is marked as_______.
a. Freight Prepaid b. Freight Collect c. Freight Pre-payable d. Freight Unpaid
110. Which one of the following bills of lading can be transferred only after endorsement? _______
a. Straight B/L b. Bearer B/L c. Order B/L d. Ocean B/L
111. The insurance policy or certificate will be issued by the insurance company after the insured
pays___________.
a. freight b. premium c. cost d. expenses
112. According to the practice of the international insurance market , cargoes are generally insured for
__________of CIF value
a. 110% b. 120% c. 130% d. 140%
113. The insured amount for a CIF contract usually covers the following except for ___________,
a. freight b. insurance premium c. expected profits d. import duties 114. The insured amount will not be marked up in __________
a. insurance policy b. insurance certificate c. open policy d. combined certificate
115. It’s the same as the practice in international market that the period of the obligations of marine cargoes
insurance in our country is from __________
a. door to door b. desk to desk c. warehouse to warehouse d. port to port
116. The goods was exported under CIF, the whole goods disappeared because of the accident, then the
buyer___________
a. would not pay because of the goods not arriving at the destination b. should pay with all sets of shipping documents supplied c. may lodge a claim to the carrier d. may pay if the bank demanded he should
117. The followings are correct about the principles of insurance except for___________.
a. Any person who files a claim should have the insurable interest.
b. Loss of or damage to the insured goods shall be the direct result of the perils within the scope of the insurance cover
c. Details of the insured goods shall be provided on the principle of utmost good faith. d. In case of any loss or damage, the consignee should lodge a claim against the insurer. 118. The transferring of marine cargoes insurance contract means ___________.
a. the insured transfers his rights and obligations in the contract to another person b. insurance contract is transferred as the ownership of the goods transferred c. insurable interests are transferred d. the articles insured are transferred
119. Buyer’s request for additional coverage can be accepted on condition that such extra premium is for
___________ account.
a. the seller’s b. the buyer’s c. the insurer’s d. the insured
120. As per our contract, insurance shall be ___________ by the seller.
a. effected b. taken c. amended d. drawn
121. Which one of the followings transport documents is the title document of the goods in the foreign trade?
__________
a. railway bill b. B/L c. consignment note d. packing list
122. If the expiry date of L/C is before Dec. 31st, and the latest shipment date is before Dec 10th, while the
expiry date for presenting documents is within 15 days after the transport documents being signed and the date of shipment is Dec 10th, then the latest date of the documents being negotiated is before __________ a. Dec. 10th b. Dec. 25th c. Dec. 20th d. Dec. 31st
123. If there are more than two modifications in L/C amendment, beneficiary__________.
a. may accept all, or refuse all b. can accept partially and refuse partially c. must accept all d. can only accept partially
124. The addressee of commercial invoice generally is the __________.
a. beneficiary b. applicant c. issuing bank d. seller 125. The description of goods on B/L __________.
a. should be exactly the same as L/C b. have to use the full name of the goods
c. can be generally called as long as it does not conflict with L/C d. should be exactly the same as commercial invoice
126. As to the following documents, which of them can not be refused by the bank. __________
a. Document submitted later than expiry date for presentation of document
b. Document submitted 15 days later than the date of shipment, but less than 21 days c. Document whose content is not in conformity with L/C d. There is discrepancy between the documents
127. The issuing date of B/L is July 15th, the expire date of L/C is August 15th and the period of time for
presentation of documents is 15 days after the date of shipment. If Insurance Policy is required by L/C, then its issuing date could be__________. a. 7.30 b. 7.15 c. 7.25 d. 7.10
128. Which is not correct about currency and the sum of money of L/C? __________
a. The capital and small letter of the sum of money on L/C must be unanimous (无异议的). b. The currency of L/C and contract must be unanimous c. The money of draft can’t exceed that of L/C
d. If More or Less Clause is stipulated in the contract, there should be relevant regulations on the sum of money of L/C
129. In L/C settlement, banker’s negotiation is merely based on __________.
a. application of opening L/C b. contract and documents c. documents and L/C d. goods and documents 130. The payer of the draft used in L/C settlement can’t be __________.
a. applicant b. issuing bank c. beneficiary d. advising bank