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、多选题:
‌There are at least 3 steps to do foreign trade, i.e.,_________.​
选项:
A: Preparation
B: Negotiation
C: Performance
D: Control
答案: 【 Preparation;
Negotiation;
Performance

4、多选题:
‏According to CISG, to fulfill the contract, the seller must_________.‌
选项:
A: deliver the goods
B: hand over any documents relating to them
C: transfer the property in the goods
D: pay the price for the goods
E: take delivery of the goods
答案: 【 deliver the goods;
hand over any documents relating to them;
transfer the property in the goods

5、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

6、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

7、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

8、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

9、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

10、判断题:
1. International trade practices is the international standard which is of some guiding significance to international business. So all the international business persons should abide by the international trade practices.‎‏‎
选项:
A: 正确
B: 错误
答案: 【 错误

11、判断题:
​Contract Law of PRC  is the international convention that regulates the negotiation, conclusion and implementation of International sales contract.‏
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:
‎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

4、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 on May 15, 2018.
D: Immediate shipment after the payment is cleared.
答案: 【 Shipment not later than September 30, 2017.

5、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

6、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

7、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

8、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

9、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

10、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

11、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

12、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. 

13、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

14、单选题:
​Under the trade term (   ), the time of shipment is equal to the time of delivery.‏​‏
选项:
A: DDP
B: DPU
C: DAP
D: CIF
答案: 【 CIF

15、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

16、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

17、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

18、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

19、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

20、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

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

22、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

23、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

24、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

25、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

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