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Multiple-choice questions1.The sale o particular goods such as ornaments, jewels, paintings, artworks ,etc. is usually made by_ a. sale as seen b. sale by buyers sample c. sale by sellers sample d. sale by specification 2.The sample reproduced by the seller according to the buyers sample for the buyers confirmation is called_ a. duplicate sample b. confirming sample c. reference sample d. buyers sample3.The mostly adopted method of sale is_ a. sale by sample b. sale as seen c. sale by specification d. sale by trade mark and brand 4.According to the CISG, if the quantity of goods the seller delivers is greater than the contracted quantity,_ a .the buyer must accept the exceed quantity b. the buyer is entitled to reject all the goods c. the buyer is entitled to reject the excess quantity d. all of the above are not correct 5. Which of the following is Chinas official metrical system? a. The metric system b. The British system c. The American system d. The international system of units(SI) 6. At present, which of the following is not the system of weights and measures commonly used in international trade? a. SI b. The French system c. The British system d. The metric system7. The weight applicable for weighting products with unstable moisture contents such as wool, cotton ,raw silk, etc. is_ a. conditioned weight b. theoretic weight c. net weight d. dry weight 8. The use of shipping mark on the outer packing is not aimed at_ a. promoting the sales of goods b. facilitating shipping and storing c. preventing the goods from being wrongly delivered or shipped d. facilitating the identification and count of the goods in the process of loading and unloading1.a 2.b 3.c 4.c 5.d 6.b 7.a 8.a1.The most commonly used mode of transport in international trade is_ a .air transport. b . road transport c.ocean transport d.railway transport 2.If an item is marked with M in the tariff , the the liner rate for this item is collected on _ a. its unit. b .its weight c. its capacity d. its measurement3.FIO in the voyage charter-party means that the shipowner is _ a .only responsible for the charges of loading B. Only responsible for the charges of unloading C. Responsible for both the loading and unloading charges D.responsible neither for the loading charges nor for the unloading charges. 4.Liner terms in the voyage charge-party means that the shipowner is _ a .only responsible for of loading charges B. Only responsible for unloading charges C. Responsible for both the loading and unloading charges D.responsible neither for the loading charges nor for the unloading charges. 5. In voyage charter ,the shipowner is only responsible for loading under_ a . FI b. FO c.FIO d. Liner terms 6. Lay days are commonly expressed as _ a. Running days b. Working days c. Weather working days d. Eight hours working days 7.Which of the following modes provides door-to-door container service or house-to-house container service? a.CY/CY container service b.CY/CFS container service c.CFS/CY container service d.CFS/CFS container service 8.Container capacity is measured in _ A.FEU(Forty-foot Equivalent Units) b.TEU(Twenty-foot Equivalent Units) C.EEU(Eight-foot Equivalent Units) d.NEU(Nineteen-foot Equivalent Units) 9.The document which can be transferred by endorsement is _ A.rail waybill B.Air waybill C.Sea waybill D.Order bill of lading 10.Which of the following are NOT rules governing bill of lading? a.The Hague Rules b.The Hague-Visby Rules c.The Hamburg Rules d.The New York Rules 11. In the filed of consignee of a B/L ,To order of ABC CO.Ltdis marked . This B/L is_ A.a straight B/L B.A blank B/L C. An order B/L D. A direct B/L 12.Marine Bs/L perform a number of functions except_A. Evidence of the contract of carriage B. Receipt for the goods shipped C. Doucment of title to the goods D. Non-negotiable document 13.Which of the following terms on the B/L shows that the Bill of Lading is a clean B/L? A. One carton short B. Insufficient packing C. In apparent good order and condituion D. Miss safety seal 14.The issuance of _is unlawful A. Stale Bs/L B. On deck Bs/L C. Ante-date Bs/L D. Charter-party Bs/L 15. The air freight forwarder assembles a number of individual shipments into one consignment and dispatched them on one air waybill .This type of air transport service is called_A. Consolidation B. Scheduled airline C. Chartered carrier D. Air express service 1. As a type of perils of the sea, tsunami is A. a natural calamity B. a fortuitous accident C. an additional risk D. a general extraneous risk2. As a type of perils of the sea, being stranded is A. a natural calamity B. a fortuitous accident C. an additional risk D. a general extraneous risk 3. In ocean transit, sacrifices resulted from the jettisoning of some cargoes on a ship to keep the ship afloat during a storm are A. a general average B. a particular average C. a total actual loss D. a constructive total loss 4. In ocean transit, when the subject matter insured is irretrievably deprived thereof, there is A. a constructive total loss B. an actual total loss C. a general average D. a particular average 5. a ocean transit, the subject matter insured a precision instrument amounting to US 1000,000 was badly damaged. The cost of recovering it would be US120,000. In such case, the loss was A. a constructive total loss B. an actual total loss C. a partial loss D. a total loss 6. When there is a general average, the party on whom it falls is entitled to a ratable contribution from the other parties interested. Such a contribution is called A. a total loss contribution B. a partial total loss C. a particular average contribution D. a general average contribution 7. The losses caused by theft in ocean transit are recoverable if the goods had been insured against A. FAP B. WPA C. ALL RISKS D. any of the general additional insurance in the ICC 8. Which of the following risks is/are covered by ALL RISKS? A. War B. Strike and delay C. TPND D. Aflatoxin and on deck 9. Which of the following does not cover partial loss or damage caused by natural calamities? A. WA B. FPA C. ALL RISKS D. ICC(A) 10. Which of the following is NOT an exclusion of ICC(A)? A. Civil war B. Ordinary leakage C. Unsuitable packing D. Wrongful act of any person than other the assured 11. The widest insurance coverage in ICC is A. ICC(A) B. ICC(B) C. ICC(C) D. ICC(D) 12. If the insured amount is not clearly stated in CIF contract, it is customary to insure for A. 100% CIF price B. 110% CIF price C. 115% CIF price D. 120% CIF price 1. A 2. B 3.A 4.B 5.A 6.D 7.C 8.D 9.B 10.D 11.A 12.B E.1. The most commonly used instrument in international trade is A. bill of exchange B. cheque C. promissory note D. bill of lading 2. Bank A draws a draft on Bank B ordering it to pay US 100,000 to Company C at 30days after sight. This draft is a A. trade draft after sight B. trade draft at sight C. bankers draft after sight D. bankers draft at sight3. A is payable on presentation to the draweeA. demand draft B. usance draft C. time draft D. draft after sight 4. Company A draws a draft on Company B ordering it to pay US 100,000 to Bank C on demand. This draft is a A. trade draft after sight B. trade draft at sight C. bankers draft after sight D. bankers draft at sight 5. A(n) should be made if a draft is to be transferred. A. presentment B. acceptance C. protest D. endorsement 6. The draft used in D/P after sight is a A. clean draft B. draft at sight C. bankers draft D. documentary draft 7. There are parties to a promissory note, whereas there are parties to a bill of exchange. A. two, two B. three, two C. three, three D. two, three 8. From the perspective of collecting proceeds, the seller assumes the least risks in A. open account sales B. D/P after sight sales C. Payment in advance sales D. D/A sales 9. The remitting bank involved in the collection A. guarantees to make payment B. is the drawer of the draft C. is liable for carrying out the sellers collection instruction D. usually presents the collection item to the drawee directly 10. The party who is appointed by and acts as a representative of the principal in the event of non-acceptance and/or non-payment under collection is called a(n) A. case-of-need B. representative C. agent D. principal 11. Under clean collection, usually only is necessary. A. the draft B. the invoice C. the bill of lading D. the commodity inspection certificate 12. In which of the following methods of payment, the seller faces the greatest risks in terms of collecting proceeds? A. D/A B. D/P at sight C. D/P after sight D. Letter of credit 13. The one in whose favor the letter of credit is issued is called A. applicant B. opener C. beneficiary D. opening bank 14. The credit from which the beneficiary can draw the advance funds to produce goods is A. revolving credit B. red clause credit C. transferable credit D. back-to- back credit 15. The nominated bank who purchases drafts (draw on a bank other than the nominated) and/or documents by advancing or agreeing to advance funds to the beneficiary on or before the banking day on which reimbursement is due to it is A. accepting bank B. negotiating bank C. confirming bank D. paying bank 16. The UPC 600 has come into fore from A. July 1, 2005 B. July 1, 2006 C. July 1, 2007 D. July 1, 2008 17. The UPC 600 was published by The International Chamber of Commerce (ICC) and contains a total of articles.A. 29 B. 39 C. 49 D. 591. A 2. C 3.A 4.B 5.D 6.D 7.D 8.C 9.C 10.A 11.A 12.A 13. C 14.B 15.B 16.C 17.B1.In the light of the CISG, which of the following is NOT the requirement for a proposal to become an offer? A. It is addressed to one or more specific persons. B. It indicates the goods, the quantity and the price. C. It indicates the offerors intention to be bound if it is accepted. D. It indicates the term of its validity. 2.In the light of the CISG, the moment of an offer becomes effective is _ A. when it is dispatched. B. after it reaches the offeree. C. within a reasonable period of time. D. when the offeree indicates acceptance. 3.Which of the following statements about the termination of an offer is NOT correct? A. The offer lapses. B. The offer rejected or declined. C. The offer accepted. D. The offer legally withdrawn or revoked. 4.In the light of the CISG,a late acceptance is _ if the lateness is due to transmission delay. A. a new offer B. ineffective C. still effective D. effective unless the offeror objects in a timely manner 5.Which of the following statements about acceptance is NOT correct? A. Acceptance can only be made by the offeree. B. Any late acceptance is ineffective. C.Acceptance can be made either by a statement or by other conduct. D.Acceptance with minor alteration may still be effective.1.D 2. B 3.C 4.D 5.B 1.In arranging shipment, the seller shall fill in a _ to book the shipping space in a liner. a. shipping note b. shipping order c. mates receipt d. bill of lading 2. Implementing the CIF contract, the seller should take out at his own expense cargo insurance as agreed in the contract_ a. once the contract is concluded. b. once the shipping date and shipping vessel are determined. c. after the shipment has been effected. d. at any time. 3. In China, declaration of export goods shall be made by the consignor _ prior to loading unless otherwise specially approved by the Customs. a. 12 hours b. 24 hours c. 36 hours d. 48 hours4. According to the UCP 600, if the letter of credit does not specify the period of time for presentation of documents, the presentation must be made not later than _ after the date of shipment, but in any event not later than the expiry date of the credit. a .14 calendar days b. 21 calendar days c. 28 calendar days d. 30 calendar days 5. A documentary credit specified the amount and quantity of the commodity as “Amount: About US$120,000.Quantity: About 1,000 M/T”. Then the amount and quantity of the commercial invoice may be an amount equal to _ of the stipulated amount of the credit. a. +_2% b. +_3% c. +_5% d. +_10% 6. The issuance of the _ indicates the shipping companys confirmation of booking space. a. shipping note b. shipping order c. mates receipt d. bill of lading 7. According to the UCP 600, the description of goods in the _ must correspond precisely to the description of goods in the credit. a. bill of lading b. packing list c. post receipt d. commercial invoice 8. The invoice that is often required by the buyer so that an import licence and/or foreign exchange permit will be approved by the authorities concerned is _ a. commercial invoice b. customs invoice c. pro-forma in
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