国际贸易实务试卷A卷.doc

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（A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：_. Put T for true or F for false in the brackets at the end of each statement. ( 20% ) 1. According to UCP 600, after issuance of the letter of credit, the issuing bank may refuse payment if the applicant becomes bankrupt. ( )2. According to UCP 600, an issuing bank must always reimburse the negotiating bank. ( )3. According to CISG, the quotation can be submitted in written form or be sent orally. ( )4. According to INCOTERMS 2000, under CIF term, the seller should pay all the charges up to goods arrival at the port of destination. ( )5. According to UCP 600, a transferable credit can be transferred by the first beneficiary to several other (second) beneficiaries for more than once. ( )6. According to CISG, any modification to the offer, no matter how minor it is, will make the original offer invalid and thus it constitutes a new offer. ( )7. All Risks of CIC can cover all the losses that are caused by various kinds of risks. ( )8. According to INCOTERMS 2000, under CFR, the seller must pay the usual freight and any additional costs that arise in route. ( )9. Additional coverage must be effected together with FPA, WA or All Risks according to CIC. ( )10. Under the D group of INCOTERMS 2000, if the seller is not requested to pay for import clearing customs, the term should be DDU. ( )11. According to CISG, a contract comes into effect at the moment when an acceptance of an offer becomes effective. ( )12. Bear B/L requires no endorsement for the transfer of it, therefore, it is often used in international trade. ( )13. Counter sample can help avoid disputes over the quality of goods in the international trade. ( )14. The more or less clause is a clause that stipulates that the quantity delivered by the seller can be more or less within a certain extent (range). ( )15. All the companies doing international trade must comply with INCOTERMs 2000. ( )16. Under CIF Liner Terms, the seller must charter a liner to transport the goods. ( )17. According to CISG, if the goods quality, delivered by the seller, doesnt comply with the contract provisions, the buyer could claim damages, but the buyer couldnt reject the goods. ( )18. We would better to export goods both by sample and by specifications. ( )19. In the contract of FOB, the seller and the buyer must stipulate both the time of shipment at the port of loading and the time of arrival at the port of discharge. ( )20. The term “Total loss” in cargo insurance business means that the goods have been damaged totally and useless at all. ( ). Please choose the best answer from the following choices of each question. ( 20% )1. An L/C calls for CFR shipment. The B/L should be marked ( )A. Freight Collect B. Freight Prepaid C. Freight as per charter party2. In the following payment terms, ( ) is the safest term to the seller. A. D/P at 30 days after sight B. D/A at 30 days after sight C. D/P at 30 days after the date of B/LD. Payment at 30 days after arrival of goods3. In the following choices, ( ) is the only complete unit price clause.A. JPY 50.00 per pair FOBC5% B. USD 500.00 per M/T New York C. CAD 89.00 per piece CFR Liner terms D. EUR 136.00 per dozen FOB Shanghai4. In the following statements about documentary collection, ( ) is correct.A. belonging to commercial credit and using commercial draftB. belonging to bank credit and using bankers draft C. belonging to commercial credit and using bankers draft D. belonging to bank credit and using commercial draft5. An L/C prohibits partial shipments and the beneficiary presents 3 sets of B/L each with a different on board date and place but showing the same destination, vessel and voyage. According to UCP600, this does not constitute partial shipments. ( ) A. True B. False6. In the following statements about remittance, ( ) is not correct.A. belonging to commercial credit and using commercial draft.B. remittance is of three types: T/T, M/T and D/D.C. belonging to commercial credit and using bankers draft under D/D.D. remittance is a good method when payment in advance.7. The consignee of goods under the B/L may be one of the following parties, which is the best choice for seller ( ) A. to the buyer of the sales contractB. to the named consignee including straight consignee or order of consignee without endorsement and transferorC. to the bearer D. to order8. The documentary draft in international trade is a draft accompanied by ( ) A. the contract concluded between the seller and the buyer.B. the L/C issued by the buyers bank.C. documents issued by the sellerD. documents as per stipulations in relevant contract or L/C.9. The issuing bank of L/C usually refuses ( ) A. Order B/L B. Clean B/L C. On board B/L D. Unclean B/L10. According to CISG, if the seller delivered more goods than stipulated in the sales contract, then the buyer can not ( ) A. refuse to take delivery of all goods.B. refuse to receive the part of excess.C. receive all goods but must pay for the part of excess.D. receive quantity stipulated in the sales contract and the excess partly.11. According to INCOTERMS 2000, as far as the risk (of loss of or damage to the goods) borne by the seller is concerned, ( ) A. CIF is safer than CFR B. CFR is safer than CIF C. CIF is same as CFR D. A, B and C are all wrong12. According to INCOTERMS 2000, under FCA, when ( ) the risk of loss of or damage to the goods is transferred from the seller to the buyer.A. The seller places the goods at the disposals of the buyerB. The seller delivers the goods to the carrier nominated by the buyerC. The goods pass the ships rail in the port of shipmentD. The goods arrive in the import country13. If the net price is USD 475 FOB Guangzhou per piece, then the unit price including 5% commission should be ( )A. USD 498.75 FOB Guangzhou per piece including 5% commissionB. USD 499 FOB Guangzhou per piece including 5% commissionC. USD 500 FOB Guangzhou per piece including 5% commissionD. USD 510 FOB Guangzhou per piece including 5% commission14. According to UCP600, when the word “about” is used to describe the quantity of goods, it means the quantity of goods delivered by seller ( ) A. can be more or less within 5% B. can be more or less within 10%C. can be more or less within 3% D. can be more or less within 15%15. The drawee of the draft under L/C usually is ( )A. The applicant B. The negotiating bankC. the issuing bank D. The advising bank16. If the L/C stipulates that shipment should be effected within April, May and June, 2009 in three monthly equal lots, 100M/T for each lot. The seller hasnt delivered goods and documents in May, 2009. According to UCP600, ( )A. The seller should deliver 200 M/T in June, 2009.B. The seller should deliver 100 M/T in June, 2009.C. The L/C is invalid because the seller has breached the partial shipments clause of this L/C in May, 2009.D. All the above choices are all wrong.17. According to UCP600, all credits are ( ) A. Irrevocable B. Confirmed C.Transferable D. Revocable 18. The payer of the draft under Collection usually is ( )A. The remitting bank B. The collecting bankC. the buyer D. The presenting bank19. The time of shipment in international trade contract ( )A. Should be specified one dayB. Couldnt be later than the issuing date of L/CC. Usually is a period of time20. In the following statements, ( ) is correct.A. General Average is one kind of partial lossB. General Average is one kind of basic coverageC. General Average is caused by risk directlyD. War Risk could be procured alone. Calculation ( 20% ) A Company in Guangzhou exports 10000 metric tons of goods at USD 1000.00 per metric ton CIF New York to America. 1. If the standard of calculating basic freight of the above goods is “W/M”; the volume of the goods is 200 000 cubic decimeters; the basic freight rate for the goods is USD 50.00 per freight ton and plus port surcharge (10% of basic freight); the insured amount is 120% of CIF value and the premium rate is 5. If this Chinese Company wants to offer FOB Guangzhou price to its customer now, please calculate how much this company should offer FOB Guangzhou price per M/T with the same profit. ( 10% )2. According to the above conditions, if the domestic purchasing price is RMB 5500 Yuan per metric ton; the domestic total charges (including all kinds of domestic fees and taxes) is 500 Yuan per metric ton; the export tax rebate is 131.25 Yuan per metric ton; the exchange rate is USD1:RMB7. Please calculate the exchange cost and the rate of profit or loss of this export transaction. ( 10% ). Case Study (15%) A Chinese exporter exported 500 M/T walnut to a Canadian importer on the basis of USD4800 per M/T CIF Quebec. Both parties agreed to stipulate the following in the contract: “ Payment by acceptance L/C and draft at 30 days after sight. L/C should be issued by the end of September, 2008 and keep valid till Nov. 20th, 2008.Shipment from Guangzhou port, not later than Oct. 31st, 2008. Partial shipments and transshipment are prohibited. ”After having received the relevant qualified L/C, the exporter shipped the goods in Guangzhou port on Oct. 10th, 2008 and got clean on board B/L. The usual time for transporting goods from China to Canadian by sea will not exceed 30 days. However, due to bad weather, the liner arrived at Quebec on Dec. 5th, 2008 and 20% of goods have been damaged during transportation.The importer informed the issuing bank of L/C and the exporter of giving up payment and refusing to take the delivery of the goods unless 20% discount of the total value of the goods was made for the loss incurred to the importer.1. If the exporter has made complying presentation on time to issuing bank, do you think, according to UCP600, whether the issuing bank should pay to the exporter or not? Why?2. According to INCOTERMS 2000, do you think the importer has the right to refuse taking the delivery of the goods? Why?3. If the exporter has insured for F.P.A. on Oct 8th, 2008, do you think the insurance company should compensate the damage? Why?. Point out respective negotiation steps (such as enquiry, offer or acceptance) from the following massages in April 2009, and then put in the brackets at the end of each massage. ( 14%) Time Massages (Sent by Telex)April 2: Interested in Butterfly Brand sewing machine JA-1, 3000 sets, prompt shipment, please quote. ( )April 3: Butterfly Brand sewing machine JA-1, 3000 sets, packed in wooden cases USD 62 per set CIF Kuwait, May 2009 shipment, sight credit reach us before 20th, April 2009. Reply here before 6th, April 2009. And subject to our final confirmation. ( )April 5: Your TLX Third April 2009, regret price unable accept. Competitors quoting similar quality USD 55, please reply immediately. ( )April 7: Butterfly Brand sewing machine JA-1, 3000 sets, packed in wooden cases USD 60 per set CIF Kuwait, May 2009 shipment, sight credit reach us before 20th, April 2009. Reply here before 9th, April 2009. ( )April 8: Your price best USD57, Book additional 500 sets same terms. Reply Promptly. ( )April 9: Your TLX eighth accepted, But price USD 59, ( )April 10: Your ninth confirmed. ( ). And according to the above telex massages(in), please fill out the following form of Sales Contract. ( 11% )Sales ContractNO. : 090410Date: 10th April, 2009This contract is made and entered into by and between the ABC Company Limited hereinafter referred to as the Seller (s) and XYZ Company Limited hereinafter referred to as the Buyer (s); whereby the Seller (s) agree to sell and the Buyer (s) are to buy the commodity/ies mentioned in this contract subject to the terms and conditions stipulated below:NAME OF COMMODITIES: SPECIFICATIONS/ QUALITY: QUANTITY: TIME OF SHIPMENT: PACKING: UNIT PRICE: TOTAL AMOUNT: TERMS OF PAYMENT: SPECIAL CLAUSE about payment: The General Terms and Conditions and remarks stated on the back page of this contract constitute an inseparable part to this contract and shall be equally binding upon both parties.THE SELLER (S): ABC Company THE BUYER (S): XYZ Company