国际贸易实务练习四

国际贸易实务测试练习（四）Examination Paper of International Trade PracticeClass＿＿＿＿Name＿＿＿＿＿＿Ⅰ. 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 issuingbank may refuse payment if the applicant becomes bankrupt. ( )2. According to UCP 600, an issuing bank must always reimburse thenegotiating bank. ( )3. According to CISG, the quotation can be submitted in written form or besent orally. ( )4. According to INCOTERMS 2000, under CIF term, the seller should payall the charges up to goods arrival at the port of destination. ( )5. According to UCP 600, a transferable credit can be transferred by thefirst 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 kindsof risks. ( )8. According to INCOTERMS 2000, under CFR, the seller must pay theusual freight and any additional costs that arise in route. ( )9. Additional coverage must be effected together with FPA, WA or All Risksaccording to CIC. ( )10. Under the D group of INCOTERMS 2000, if the seller is requested topay for import clearing customs, the term should be DDP. ( )Ⅱ. Please choose the best answer from the following choices of each question. ( 30% )1. An L/C calls for CFR shipment. The B/L should be marked ( )A. Freight CollectB. Freight PrepaidC. Freight as per charter party2. In the following payment terms, ( ) is the safest term to the seller.A. D/P at 30 days after sightB. D/A at 30 days after sightC. 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 YorkC. CAD 89.00 per piece CFR Liner termsD. 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 banker’s draftC. belonging to commercial credit and using banker’s draftD. belonging to bank credit and using commercial draft5. An L/C prohibits partial shipments and the beneficiary presents 3 sets of B/Leach 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. TrueB. 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 banker’s 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 ofconsignee without endorsement and transferorC. to the bearerD. 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 buyer’s 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/LB. Clean B/LC. On board B/LD. On deck B/L10. According to CISG, if the seller delivered more goods than stipulated in thesales 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 tothe goods) borne by the seller is concerned, ( )A. CIF is safer than CFRB. CFR is safer than CIFC. CIF is same as CFRD. A, B and C are all wrong12. According to INCOTERMS 2000, under FCA, when ( ) the risk of lossof 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 ship’s 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 priceincluding 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 thequantity 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 applicantB. The negotiating bankC. the issuing bankD. The advising bankⅢ. Calculation ( 25% )A Company in Guangzhou exports 10000 metric tons of goods atUSD 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 isRMB 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. ( 15% )Ⅳ. Point out respective negotiation steps (such as enquiry, offer or acceptance) from the following massages in June 2009, and then put in the brackets at the end of each massage. ( 14%)Time Massages(Sent by Telex)June 2: Interested in your Qingle Brand Color TV Article No.0811, 500 sets, prompt shipment, please quote. ( ) June 3: Qingle Brand Color TV Article No.0811, 500 sets, packed in reinforced wooden cases JPY 60000.00 per set FOB Guangzhou,October 2009 shipment, sight credit reach us before 20th,September 2009. Reply here before 6th, June 2009. And subject toour final confirmation. ( )June 5: Your TLX Third June 2009, regret price unable accept. Competitors quoting similar quality JPY 58500.00 per set. Please replyimmediately and offer us CIF Tokyo price, packed in newreinforced cartons and covering F.P.A and Strike Risk. ( )June 7: Qingle Brand Color TV Article No.0811, 500 sets, packed in reinforced new cartons JPY 61000.00 per set CIF Tokyo, coveringF.P.A and Strike Risk as per China Insurance Clause of 1st January1981. October 2009 shipment, sight credit reaches us before 20th,September 2009. Reply here before 9th, June 2009. ( )June 8: Your price best JPY 60000.00. Reply Promptly. ( )June 12: Your TLX seventh accepted. Reply Promptly. ( )June 13: Your TLX accepted. ( )Ⅴ. And according to the above telex massages, please fill out the following form of Sales Contract. ( 11% )SALES CONTRACTNO.090612Sellers: Guangdong Qing Le Ltd. Co. Buyers: Far East Trading Co.This Contract is made by and between the Buyers and the Sellers, whereby the Buyers agree to buy and the Sellers agree to sell the under-mentioned commodity according to the terms and conditions stipulated below: Commodity:Specifications:Quantity:Unit Price:Total Value:Packing:Insurance:Time of Shipment:Port of Shipment: Guangzhou, ChinaPort of Destination:Shipping Marks:at seller’s optionTerms 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) THE BUYER (S) Guangdong Qing Le Ltd. Co. Far East Trading Co.。