Chapter 1 Course Introduction

Quiz 1

1、单选题:
‍Which is the international convention that regulates the negotiation, conclusion and implementation of international sales contract?‌
选项:
A: UCP600
B: Contract Law of PRC
C: CISG
D: INCOTERMS 2010
答案: 【 CISG

2、多选题:
​Compared with domestic trade, what are the risks that are  special for international trade?‌
选项:
A: Different language
B: Different culture
C: Different currency
D: Long distance
E: Different legal system
F: Political risk
答案: 【 Different language;
Different culture;
Different currency;
Long distance;
Different legal system;
Political risk

3、判断题:
‎International rules, such as UCP, have the same binding effect as laws.‏
选项:
A: 正确
B: 错误
答案: 【 错误

4、判断题:
‍Domestic laws could be ignored when we conducting business internationally.‌
选项:
A: 正确
B: 错误
答案: 【 错误

5、判断题:
‏There is no difference between domestic trade and international trade.‏
选项:
A: 正确
B: 错误
答案: 【 错误

6、判断题:
‌Import is just an inverse process of export, and no special attention should be paid.‎
选项:
A: 正确
B: 错误
答案: 【 错误

7、判断题:
‎INCOTERMS 2010  regulates the practice of payment by letter of credit.‎
选项:
A: 正确
B: 错误
答案: 【 错误

Chapter Five Delivery

Test for Cargo Transport in International Trade

1、单选题:
‌The term (   ) is used in a voyage charter party to specify which party of the shipping contract will pay for the costs of loading or unloading.‍
选项:
A: FI
B: FOB
C: FCA
D: EXW
答案: 【 FI

2、单选题:
‎Which of the marks below is NOT painted on the rear end of an ISO container. (   )‍
选项:
A: Owner’s logo
B: CSC-safety-approval plate
C: The name of the ship 
D: Size and type code
答案: 【 The name of the ship 

3、单选题:
‌CY to CY is a mode of container shipping. It means shipping goods from (   ).‎
选项:
A: Ship owner’s container yard to consignee’s container yard
B: Carrier’s container yard to container terminal’s container yard
C: Shipper’s container yard to consignee’s container yard
D: Shipping agent’s container yard to exporter’s container yard
答案: 【 Shipper’s container yard to consignee’s container yard

4、单选题:
​Which one of the following documents has the function of the title to the goods. (   )‌
选项:
A: Sea waybill
B: To-order bill of lading
C: Commercial invoice
D: Packing list
答案: 【 To-order bill of lading

5、单选题:
‌Which of the following clause is a correct way to stipulate shipment date? (   )‏
选项:
A: Shipment as soon as the goods are inspected by the quality inspection agent.
B: Shipment not later than September 30, 2017.
C: Shipment within 75 days after receipt of L/C.
D: Immediate shipment after the payment is cleared.
答案: 【 Shipment not later than September 30, 2017.

6、单选题:
​The standard of basic freight rates for high-value goods is (   ).‌
选项:
A: Weight ton
B: Measurement ton
C: Ad. Val
D: Weight ton or measurement ton
答案: 【 Ad. Val

7、单选题:
​Which charge listed below is NOT a type of surcharge? (   ) ​
选项:
A: Bunker adjustment factor
B: Demurrage
C: Currency adjustment factor
D: Terminal handling charges
答案: 【 Demurrage

8、单选题:
​Which of the following modes of transport is suitable for deliver small amount of goods to customer’s home address? (   )‏
选项:
A: Inland waterway transport
B: Railroad transport
C: Air transport
D: Parcel post transport
答案: 【 Parcel post transport

9、单选题:
‌Compared to other modes of transport, container shipping enjoys one advantage of (   ).‎
选项:
A: Offering the largest capacity
B: Being suitable for intermodal transport
C: Being the fastest way of moving goods
D: Being the most cost-efficient method of shipping cargos
答案: 【 Being suitable for intermodal transport

10、单选题:
​Which one of the following bill of lading will NOT be accepted by the bank for negotiation in a letter of credit transaction. (   )‍​‍
选项:
A: Original bill of lading
B: Clean bill of lading
C: Received-for-shipment bill of lading
D: To-order bill of lading
答案: 【 Received-for-shipment bill of lading

11、单选题:
‎On the face of a bill of lading, which element will be shown. (   )​
选项:
A: Non-disclosure statement
B: Name of the issuing bank of the letter of credit
C: Custom’s stamp
D: Port of discharge
答案: 【 Port of discharge

12、单选题:
‎Which one of the following container ports is among the top ten world busiest ports by container traffic in China. (   )‍
选项:
A: Port of Busan
B: Port of Shanghai
C: Port of Dalian
D: Port of Xiamen
答案: 【 Port of Shanghai

13、单选题:
​Under the trade term (   ), the time of shipment is not equal to the time of delivery.‍
选项:
A: FOB
B: DAP
C: CIF
D: CFR
答案: 【 DAP

14、单选题:
‌Which one of the following cases is partial shipments. ()‍
选项:
A: Goods are shiped by the same ship to the same destination.
B: Goods in the same sales contract are shipped by different ships on the same day and to the same destination.
C: Unloading from one means of conveyance and reloading to another means of conveyance during the carriage from the place of dispatch to the place of final destination. 
D: Goods are shipped by different ships on the same day and to different destinations.
答案: 【 Goods in the same sales contract are shipped by different ships on the same day and to the same destination.

15、单选题:
‎Which one of the following statement is correct? (   )​
选项:
A: Inland waterway transport is no longer used in Europe and China.
B: Marine transport is the backbone of international trade and the global economy. 
C: Air transport is the most flexible mode of transport among all modes of transport because the speed of delivery is very high. 
D: Pipeline transport cannot be used to move goods across national borders.
答案: 【 Marine transport is the backbone of international trade and the global economy. 

16、单选题:
‎A bill of lading is (   ) when its date of shipment is earlier than the actual time of shipment.‎
选项:
A: stale B/L
B: advanced B/L
C: ante-dated B/L
D: straight B/L
答案: 【 ante-dated B/L

17、判断题:
‎The main advantages of road transport are high capacity and relatively low costs compared to marine transport.‍
选项:
A: 正确
B: 错误
答案: 【 错误

18、判断题:
‏A shipper using liner service must pay for loading and unloading his cargo in addition to freight he pays to the shipping line.​
选项:
A: 正确
B: 错误
答案: 【 错误

19、判断题:
​In the case of voyage chartering, when lay days are saved because loading finishes earlier, the charterer pays dispatch money to the ship owner.‌
选项:
A: 正确
B: 错误
答案: 【 错误

20、判断题:
‍The unit cost of a FCL cargo is higher than the unit cost of a LCL cargo.‌
选项:
A: 正确
B: 错误
答案: 【 错误

21、判断题:
‏ISO containers need to be placed in a warehouse to protect them from damages caused by sun light, rain and snow.‎
选项:
A: 正确
B: 错误
答案: 【 错误

22、判断题:
‍Sea waybill is a simplified version of the bill of lading, therefore it also works as a document of title to goods.‏
选项:
A: 正确
B: 错误
答案: 【 错误

23、判断题:
‌Both ante-dated bill of lasing and advanced bill of lading constitute fraud and willful misrepresentation.​
选项:
A: 正确
B: 错误
答案: 【 正确

24、判断题:
​Issuing an ante-dated bill of lading is a fraud and will impose very high risk to the shippers and ship owners. But issuing an advanced bill of lading is a generally accepted practice in trade business because it is less risky than issuing an ante-dated bill of lading.‏
选项:
A: 正确
B: 错误
答案: 【 错误

25、判断题:
‌Under CFR and FOB trade terms, the time of shipment is equal to the time of delivery.‏
选项:
A: 正确
B: 错误
答案: 【 正确

26、判断题:
‍According to UCP 600, shipping goods by different ships, but the ships departure on the same day and head to the same destination is NOT considered to be partial shipment.‎
选项:
A: 正确
B: 错误
答案: 【 错误

27、判断题:
‏Multi-modal transport naturally involves transshipment because different means of conveyance and different modes of transport are used.​
选项:
A: 正确
B: 错误
答案: 【 正确

Chapter Four Price

Rules for Trade Terms

1、单选题:
‎Warsaw-Oxford Rules 1932 was developed by International Law Association to set rules for ______.‍
选项:
A: FOB
B: CFR
C: CIF
D: C&F
答案: 【 CIF

Test for Price

1、单选题:
‎FOB and CFR share one thing that (   ).‏‎‏
选项:
A: Risk is transferred when the goods are loaded on board the vessel at the port of shipment.
B: They can be used in any mode of transport.
C: The seller will be responsible for the unloading at the port of destination.
D: They are not used for export.
E: They can be used only for sea or inland waterway transport.
F: The seller is not responsible for obtaining cargo insurance.
答案: 【 Risk is transferred when the goods are loaded on board the vessel at the port of shipment.;
They can be used only for sea or inland waterway transport.;
The seller is not responsible for obtaining cargo insurance.

2、单选题:
‌Among all the trade terms in INCOTERMS 2010,  (  ) imposes the minimum obligation and cost to the seller.‏‌‏
选项:
A: EXW
B: CIF
C: DAP
D: DDP
E: FAS
F: FOB
G: CFR
H: FCA
I: CPT
J: CIP
K: DAT
答案: 【 EXW

3、单选题:
‎Among all the trade terms in INCOTERMS 2010,  (  ) imposes the minimum obligation and cost to the buyer.‎
选项:
A: EXW
B: CIP
C: DAT
D: DDP
E: DAP
F: FAS
G: FOB
H: CFR
I: CIF
J: FCA
K: CPT
答案: 【 DDP

4、单选题:
​On the basis of CIF subject to INCOTERMS 2010, if the goods get loose from the hook and fall into the sea during the loading stage, (   ) should be liable for the loss.‎​‎
选项:
A: the buyer
B: the seller
C: the carrier
D: both the seller and the buyer
E: both the seller and the carrier
F: both the buyer and the carrier
答案: 【 the seller

5、单选题:
‎INCOTERMS 2010 requires the seller to handle the export customs clearance except under (   ).‎‎‎
选项:
A: EXW
B: FCA
C: DAT
D: DDP
E: DAP
答案: 【 EXW

6、单选题:
‌According to INCOTERMS 2010, the following terms are applicable to any mode of transport EXCEPT (   )‌‌‌
选项:
A: DDP
B: EXW
C: FCA
D: FAS
E: CPT
F: CIP
G: FOB
H: CFR
I: CIF
J: DAT
K: DAP
答案: 【 FAS;
FOB;
CFR;
CIF

7、单选题:
‍As for the risks that sellers take under FCA, CPT and CIP terms, which of the following orders is correct?‏
选项:
A: FCA=CPT=CIP
B: FCA>CPT>CIP
C: CIP>CPT>FCA
D: CPT>CIP>FCA
E: FCA>CIP>CPT
F: CIP>FCA>CPT
G: CPT>FCA

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