国际贸易实务试卷A卷09.6.doc

国际贸易实务2008-2009学年第二学期期末考试试卷（A卷）. Put T for true or F for false in the brackets at the end of each statement. ( 15% ) 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 advising bank if the latter pays the credit. ( )3. According to CISG, the quotation can be submitted in written form or be sent orally. ( )4. According to INCOTERMS 2000, CIF is the term when the goods are delivered with all the charges up to arrival at the port of destination paid by the seller. ( )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 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. Blank 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 certain extent (range). ( )15. In stipulating the lay time in the contract, there are several ways to prescribe lay time, but in our country, the way of stipulating “ weather working day of 24 consecutive hours” is usually adopted. ( ). Please choose the best answer from the following choices of each question. ( 10% )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. Payment at 30 days after delivery of goodsD. Payment at 40 days after arrival of goods3. If an on board B/L has been pre-printed “Shipped on board”, then ( )A. it need not bear a dated on board notation, but it must be marked the name of vessel and its voyage number.B. it must bear a dated on board notation, but it need not be marked the name of vessel and its voyage number.C. it need not bear a dated on board notation and the name of vessel and its voyage number.D. it must bear a dated on board notation and must be marked the name of vessel and its voyage number.4. In the following statements about documentary collection, ( ) is correct.A. belonging to mercantile credit and using commercial draftB. belonging to bank credit and using bankers draft C. belonging to mercantile 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 mercantile credit and using commercial draft.B. remittance is of three types: T/T, M/T and D/D.C. belonging to mercantile 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 the order of the seller8. 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. On deck B/L C. Container B/L D. Liner 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. Calculation ( 20% ) A Company in Guangzhou exports 10000 metric tons of goods at USD 150.00 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 5.00 per freight ton and plus port surcharge (10% of basic freight); the insured amount is 110% of CIF value and the premium rate is 1. 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 700 Yuan per metric ton; the domestic total charges (including all kinds of domestic fees and taxes) is 100 Yuan per metric ton; the export tax rebate is 50 Yuan per metric ton; the exchange rate is USD1:RMB7. Please calculate the exchange rate and the rate of profit or loss of this export transaction. ( 10% ). Case Study (30%) 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 shipment and transshipment are prohibited. ”After 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. If the exporter presented complying documents and drafts to issuing bank on Nov. 18th, 2008, do you think, according to UCP600, whether the issuing bank should pay to the exporter or not? Why?3. According to INCOTERMS 2000, do you think the importer has the right to refuse taking the delivery of the goods? Why?4. If the exporter has insured for F.P.A. on Oct 8th, 2008, do you think the insurance company should compensate the damage? Why?5. If the exporter has insured for W.P.A. on Oct 8th, 2008, do you think the insurance company should compensate the damage? Why?6. If the insurer should compensate the damage, who ( the exporter or the importer) should bear the insurance policy to claim 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: