国际贸易实务练习题

ModelTest1TranslatethefollowingtermsintoChineseorEnglishPenaltyclause SummaryprocedureRevolvingcredit QualitylatitudeTitledocument AdvancedbillofladingWithparticularaverage InsurableinterestVoyagecharter 拼装箱Weatherworkingdaysof24consecutivehours 理赔习惯皮重 指示性标志公量 本票拒付 不可抗拒力绝对免赔率 仲裁裁决Readthefollowingstatementsandifitistrueputa“T”,otherwisean“F”Transittradereferstothetransactioninvolvingimportinggoodsfromoverseasforfurtherprocessingandthenre-exportingthegoodsabroad.IfatransactionisconcludedundertradetermsinCgroup,thesellershallpaythefreighttoshipthegoodstothedestination,butshallnotberesponsiblefortheriskofthegoodsintransit.Atradecontractbecomeseffectiveatthemomentwhentheoffereemakesastatementorconductsanactthatindicatesanacceptance.AccordingtoUCP600,inabsenceofanmoreorlessspecifyingthequantity,atolerancenotexceeding10%moreor10%lessisallowed.Thefourbasicelementsinashippingmarkarenameoftheconsignee,theportofdestination,thecontractnumberandthenumberofpackages.AtransferorshouldendorseastraightB/Latthebackifhewantstotransferthetitletothegoodstootherparties.Laytime,demurrageanddispatcharealltermsconcerningloadingandunloadingrelatedtovoyagecharter.W/WclauseisaclausestipulatingthedurationofinsurancesuitableonlyformarinecargoinsurancewithWarRisksasanexception.InB/Epractice,‘dishonoeanstherefusaltotheacceptanceorpaymentofadulypresenteddraftbythedrawer.incaseofdisputes,iflitigationisnotadequatetoworkoutthesettlementChoosethebestanswerforeachquestion.Intradenegotiation,aconditionalacceptanceis .A.aformofcounter-offer B.anunconditionalrefusalC.anacceptancewithreservation D.aconclusionofcontractaJapanesetraderconcludedatransactionunderCIFTianjing,exportingfiberproductstoChina.Thecontractincludedthetermofforcemajeure.SoonthepriceofoilrosesharplyduetotheGulfWar,asaresultofwhich,thecostoftheJapaneseexporterincreased20%.TheJapaneseexporterthenaskedforraisingexportpricebasedonforcemajeureevents.AsGulfWarisaforcemajeureevent,theJapaneseexportercanterminatethecontract.Asthisisacommercialrisknotaforcemajeureevent,theJapaneseexportershallperformthecontractasusual.Astheriseincostiscausedbyexternalaccidents,theJapaneseexportshallraisepriceforexportThereareunfairtermsinthecontractWhichoneofthefollowingpricesiscorrectlyexpressed?RMB3.50CIFHongKong B.USD3.50perpieceCIFC.RMB3.50perpieceCIFCLondon D.USD3.50perpieceCIFC2LondonIninternationaltradepractice,thepricethatdoesn’tincludecommissionand/ordiscountisknownas .actualprice B.generalprice C.normalprice D.netpriceunderL/Cpaymentterm,theobligationoftheadvisingbankis .tonotifythesellerofthearrivaloftheL/CtoissuetheL/CupontheapplicationoftheimportertobuyadocumentarydrafttomakeactualpaymentAChinesecompanyconcludedanexporttransactionwithaforeigncompanyunderCIFterm.Iftherearenospecificstipulationsconcerningtheinsurance,theChineseexportershalleffect .W,P.A B.F.P.A C.A.R. D.A.R.andW.R.Underanegotiationcredit,thepayerofadraftis .Theapplicant B.thenegotiatingbank C.theissuingbank D.theadvisingbankThedurationofAirTransportationInsuranceshallbelimitedto daysaftercompletionofdischargeoftheinsuredgoodsfromtheaircraftatthefinalairportofdischarge.60days B45days C.30days D.15daysThelossoftheparticularaverageshallbeborneby .thecarrier B.thepartywhosuffersthelossC.allpartiesproportionally D.allpartiesequallyinthecaseofalateacceptance, willdecidewhethertheacceptanceiseffectiveornot.A.thepartywhoinvitestheoffer B.thepartytowhomtheofferismadeC.thepartywhomakestheenquiry D.thepartywhomakestheoffer servesasthebasisforthecalculationofexportrevenue.A.FOBprice B.CFRprice C.CIFprice D.CPTprice12UnderCFRterm,thedivisionofriskbetweensellerandbuyeriswhenthegoodsaredelivered .tothefirstcarrierattheportofdestinationtothebuyerattheportofdestinationovertherailattheportofshipmentThemostcommonwayofstipulatingweightininternationaltradecontractis .A.grossweight B.netweight C.theoreticalweight D.tareweightInthecaseofneutralpackingwithdesignatedbrand, .neitherbrandortrademarknorthecountryoforiginisindicatedbothbrandortrademarkandthecountryoforiginareindicatedonlybrandortrademarkisindicatedonlythecountryoforiginisindicatedAletterofcreditisissuedonthebasisofthe .A.salescontract B.promissorynoteC.commercialinvoice D.draftShortanswerquestionWhatarethefeaturesofabilloflading?Whataretheconditionsforgeneralaverage?WhatarethemaindocumentsrequiredforthenegotiationofpaymentunderL/Cterm?CalculationWeofferedatGBP1150perM/TCFERotterdam.OurcounterpartrepliedaskingustoofferonOBShanghaitermwitha2%commission.ThefreightfromtheportofshipmenttotheportofdestinationwasGBP170perM/T.whatwouldbetheFOBC2offer?ABXCompanyconcludedatransactionatUSD50percaseFOBKobe.TheBritishcounterpartaskedforCIFLondonprice..Supposethemeasurementofeachcasewas45×40×25cmandgrossweightforeachcasewas35kg.freightbasiswasW/MandthecarriagewasUSD120PERCASE,plus20%AdditionalonDirectand10%PortSurcharge.Insuranceratewas0.5%andmarkupwas10%.WhatwouldbetheCIFprice?CaseStudyOurcompanyimportedsteelplatefromabroad.ThecontractstipulatedthatgoodswereshippedintwolotsandpaymentwasbyirrevocablesightL/C.bankofChinawasdesignatedtoissuetwocreditsforeachlot.Afterthedeliveryofthefirstlot,theforeignexporterpresentedthedocumentsrequiredwithinvaliditytimeandBankofChinareimbursedthenegotiatingbankaccordingly.However,afterreceivingthefirstlotofthegoods,wefoundthequalityofthegoodswasnotuptothestandardstipulatedinthecontract.Asaresult,uponourrequest,Bankofchinadishonoredthesecondlotofthegoods.Analyze:1).IsitappropriateforBankofChinadishonored? Whyorwhynot?2)Howcanwedotomakethequalityoftheimportedgoodsinlinewiththecontract?OrangeCompanysingedacontractwithBigCompanyexportingpeanuts,withthepricetermasCIFPittsburgh.Itreceivedthethrough,shippedonboardcleanB/Lfromthecarrier.However,whenthegoodsarrivedatthedestination,theconsigneefoundpartofthegoodsweredampedandwentmoldy.TheBigCompanyimmediatelylodgedaclaimagainsttheinsurancecompanyforcompensation.Uponinvestigation,itwasfoundlaterthatthedamagetothegoodswascausedbythefactthatthegoodswereloadedinthedeckinsteadofinthehold.Theinsurancecompanyrefusedtomakecompensationbecausethesellerdidninsureon-deckrisk.Theinsurerthenaskedthebuyertolodgeaclaimagainsttheseller.However,thesellersaidthathehadnoideaaboutthefactandtheB/Lissuedbythecarrierwascleanonboard.Commentonthecase.ModelTest2TranslatethefollowingtermsintoChineseorEnglishDiscrepancyandclaimclause 5) StatutoryinspectionDemurrage 6) QualitytoleranceIrrevocablecredit 7) FreefromparticularaverageMoreorlessclause 8) StalebillofladingTimecharter 15) 平均皮重Theindemnityprinciple 16) 中性包装仲裁条款 17) 议付行索赔方 18) 象征性交货以毛作净 19) 整箱装不计免赔 20) 跟单汇票Readthefollowingstatementsandifitistrueputa“T”,otherwisean“F”Asmostofthetradeintheworldtodayreferstotheexchangeofvisiblegoodsratherthaninvisiblegoods,manyrules,regulationandconventionsconcerningtradeintheworldsuchasincoterms,United Nations Conventionon Contractsfor InternationalSale of Goods(CISG),UniformcustomsandPracticeforDocumentaryCredits(UCP)etc.areallmadetodealwithvisiblegoodstrade.UnderthetermCIF,thesellerhastocontractforcarriageandinsurance,bearingtheriskoflossordamagetothegoodsoradditionalcostsduetoeventsoccurringaftershipmentordispatch.Anirrevocableoffermeansthattheofferorhasnorighttowithdrawtheoffer.Inaccordancewiththeinternationalpractice,unlessthecontractstipulatesotherwise,moreorlesspartwillbecountedatthecontractrate.Allmarksontheshippingpackagesareofficiallytermedas“shippingmarks”IfanexportcontractisconcludedbasedonCIFXXliner,thecontractedgoodsshouldbedeliveredbymeansoflinerservice.DemurrageisusuallyhalfofdispatchWhenanimporterinsuresthegoodsunderaCFRcontractagainst “AllRisk”,theinsurancecompanyundertakesaninsuranceliabilityovertheinsuredcargofromthewarehouseoftheshippernamedinthepolicyuntilthecargohasarriveatthewarehouseofthereceivernamedinthepolicy.ThepayerofabankbillisabankwhilethepayerofacommercialbillsisacompanyIninternationaltrade,thebestwaytosolvethedisputeisthrougharbitration.Choosethebestanswerforeachquestion.WhenexportingalargeamountofgoodsbycharteronCIFManila,ifthesellerdoesnwanttobearthecostofunloading,heshouldquote .CIFManila B.CIFManilaLandedC.CIFManilaExHold D.CIFManilaLinerAccordingtoCISG,acontractisformedthemomentwhen .theacceptancebecomeseffectivethewrittencontractisbeingsignedithasbeenapprovedbytheauthoritytheofferhasreachedtheoffereeIfacontractisconcludedonFOBbasis,thecontractpriceindicatesthe .totalexportcost B.exportcostpriceC.exportrevenueinforeignexchange D.exportcostforforeignexchangeThetotalcostofoneexportisCNY14,000,andthenetincomeofforeignofexportisUSD2,500.iftheforeignexchangequotedbyBankofChinaisCNY680forUSD100,thentheExportprofitMarginshouldbe:A.18.5% B.21.43% C.16.60% D.23.65% referstotheholderoftheB/Epresentingthebilltothedrawee,askingthelattereithertopayortoacceptit.Drawing B.acceptance C.Endorsement D.presentationToinsureagainstthecargoesfrombeingstolen,weshouldcover .FPA B.ALLRISK CTPND D.ALLRISK+TPNDUnderanegotiationcredit,thedraweeofadraftisusually .theapplicant B.thenegotiatingbankC.theissuingbank D.theadvisingbankThedurationofOceanTransportationInsuranceshallbelimitedto

daysaftercompletionofdischargeoftheinsuredgoodsfromtheseagoingvesselatthefinalportofdischargebeforetheyreachtheabovementionedwarehouseorplaceofstorage.60days B.45days C.30days D.15daysThelossofthegeneralaverageshallbeborneby .thecarrier B.thepartywhosuffersthelossC.allpartiesbenefitedproportionally D.allpartiesbenefitedequallyAccordingtoCISG,alateacceptanceis definitelynoteffectiveasanacceptanceeffectiveasanacceptanceiftheofferorsoinsistseffectiveasanacceptanceiftheofferorkeepssilenteffectiveasanacceptanceifwithoutdelaytheofferororallyinformstheoffereeordispatchesanoticetothateffect.WhenCtermsareadopted,risksaftershipmentaretobetakenby .theinsurancecompany B.thebuyersC.thesellers D.theshipperIfthesellerdeliversaquantityofgoodsgreaterthanthatprovidedforinthecontract,accordingtoCISG,thebuyercannot .takedeliveryofallthegoodsrefusetotakedeliveryofallthegoodstakedeliveryofthegoodsinquantityasspecifiedinthecontractrefusetotakedeliveryoftheexcessivequantityTheratiobetweenthetotalcostofexportinlocalcurrencyandexportrevenueinforeigncurrencyreflectsthe .exportprofit B.exportprofitmarginC.exportcostforforeignexchange D.rateofforeignexchange-earningThecommonwaystomeasuretarewhennetweightisadoptedinasalescontractincludethefollowingEXCEPT .computed B.averagetare C.customarytare legaltareInpractice,thedraftdrawnunderL/Cpaymentisusuallytoindicate .thecontractnumberandthedateofitssigningtheinvoicenumberandthedateofitsissuancetheB/LnumberandthedateofitsissuancetheL/CnumberandthedateofitsissuanceShortanswerquestionWhatarethethreemaincategoriesofbilloflading?Whatarethedifferencebetweenparticularaverageandgeneralaverage?3).WhatarethemaincharacteristicsofL/Cpayment?CalculationThepricequotedbyanexporterwas“USD100percaseFOBC5%Shanghai”,for100casesofCommodityA.theimporterrequestedarevisedpriceCIFC5%.Ifthesizeofeachcasewas25cm×20cm×20cm,grossweighwas15kgpercase,freightbasiswasW/M,USD200perton,plusUSD10pertonbunkeradjustmentfactorand10%portsurcharge.Theimporteralsorequestedfor10%aboveCIFpriceforWPAandWarrisk,therateofpremiumwas1.2%Howmuchisthefreight?HowmuchisCIFC5%?Howmuchistheinsuranceamount?Howmuchistheinsurancepremium?AcompanyexportssomegoodstoCanada,theexportsalespriceisUSD500permetricton,CIFVancouver,thetransportationexpenseisUSD70andinsuranceexpenseisUSD6.5.ifthispurchasepriceisCNY1800permetricton,anddomesticdirectandindirectfeesshouldadd17%,pleasecalculatethecostofforeignexchangeofthedealanditsprofitmargin.(Supposed:USD1=CNY6.8)CaseStudyAnexportersignedacontractwithaforeignercompanytosell10M/TofcommodityB.theL/CamountwasUSD30,000.Accordingtothecontract,thesellerhastheoptiontoshipinaquantityof3%moreorless.Thesellerloaded10.2M/TanddrawadraftforUSD30,600.Whenthesellerwenttothebankfornegotiation,canthebankrefuse?Whyorwhynot?Inresponsetoourenquiry,CompanyBsentusabuyingoffer,subjecttoourreplybeforeJuly22nd.OJuly24the,wetelexedouracceptancetotheofferbutreceivednoreply.Asthemarketkeptgoingup,weunexpectedlyreceivedatelexonAugust24thfromCompanyBrequestingustomakeshipmentbeforetheendofAugustasspecifiedintheoffer,ortheywouldreservetherighttoclaimagainstusforcompensation.Commentonthecase.ModelTest3TranslatethefollowingtermsintoChineseorEnglishAnticipatorycredit 11) 虚盘Banker’sdraft 12) 自由议付信用证Documentsagainstpayment 13) 凭实际品质买卖Incoterms200 14) 电汇Extraneousrisks 15) 仓至仓条款Conferenceliner 16) 撤销报盘Forfeiting 17) 对开信用证Measurementton 18) 品质公差Grossweight 19) 打包贷款Cleanbilloflading 20) 海上风险Readthefollowingstatementsandifitistrueputa“T”,otherwisean“F”AccordingtoUCP600,aletterofcreditwhichdoesnotindicatewhetheritistransferableornotwouldbeconsideredastransferable.UnderD/Apaymentthecollectingwillfirstacceptthedraftandthenprovidethedocumentstotheimporter.DifferentfromL/Cpayments,thebeneficiaryofanL/Gcanbetheimporter.Ininternationaltrade,sellersalwaysdecidethepackingofgoods,buyerscannothavespecialrequirements.Factoringisnormallyarrangedbetweenthefactorandthebuyer.Inspectionofgoodscanbeconductedatdifferentstagesofthetradeprocessandbydifferentparties.Timeofshipmentandtimeofdeliverycanalwaysbeusedinterchangeably.Aproformainvoiceisusedwhenthesellerisbillingthebuyer.Thepurposetoincludetheforcemajeureclauseinthecontractistosafeguardtheinterestsofthepartieswhensomeeventsbeyondthecontrolhappen.Theexportcostforforeignexchangeratiotellstherelationshipbetweenthenetprofitandthesalesvolume.Choosethebestanswerforeachquestion.WhichofthefollowingisNOTamodeofcollection?D/A B.D/P CD/P-T/R D.D/DWhichofthefollowingdocumentsmustrepresenttitletothecargo?A.CTD B.airwaybill C.roadwaybill D.billofladingWhichofthefollowingisNOTcoveredbyAllRisks?sacrificeinandcontributiontogeneralaverageandsalvagechargespartiallossconsequentonfallingofentirepackageorpackagesintoseaduringloadingtotallosscausedbyaccidentslossordamagefallingundertheliabilityoftheconsignorTheInstituteCargoClauses(A)issimilarto.A.R B.FPA C.W.A D.SRCCThebankonthesideunderacollectionarrangementisthe .remittingbank B.collectingbank C.openingbank D.notifyingbankWhichofthefollowingisNOTafeatureofliner?havingregularscheduleusingfixedroutesfreightratecomparativelymorechangeableprovidinggoodserviceAccordingtoIncoterms2000,FOBtermsharesonethingwithCIFterminthat .bothtermscanbeusedforanymodeoftransportationbothtermshaveriskstransferredwhengoodspasstherailbothtermsrequirethesellertoarrangethecontractofcarriagebothtermsrequirethebuyertoarrangethecontractofcarriageAccordingtoIncoterms2000,thefollowingtermsareapplicabletoanymodeoftransportationEXCEPT .DDU B.EXW C.FCA D.DEQ“200m2glasssheet”isanexampleofusing tospecifyquantity.area B.length C.volume D.numberNormallywhentradersaredesigningshippingpackage,theymayneedtoconsidertheseEXCEPT .warningmark B.shippingmark C.indicativemark D.tradingmarkCountersamplecanalsobecalled duplicatesample B.filesampleC.confirmingsample D.contractedsampleUndera ,theamountofcreditcanbeautomaticallyre-availableafteritisused.standbycredit B.revolving C.reciprocalcredit D.backtobackcredit“FOBVesselNewisatradetermin .incoterms2000RevisedAmericanForeignTradeDefinitions1941Warsaw-oxfordRulesIncoterms1990IfabankratherthantheissuingbankprovidesguaranteeforthepaymentofanL/C againstdocumentswhichareinconformitywiththeconditionoftheL/C,thiscreditis .anirrevocablelette