国贸复习提纲

1、复习提纲Chapter 11. Two kinds of trade restrictions. Tariff and Non-Tariff barriers2. Three forms of import surtax. Countervailing duty/ Anti-dumping/ Variable duty3. The types of duties according to the time of collection.Import duty/ Export duty4. The types of duties according to the methods of collec

2、tion.Specific duty/ Ad Valorem duty/ Mixed or Compounding duty/ Alternative duty5. The types of non-trade barriers.Quota/ import license/voluntary export restraints/foreign exchange control/state monopoly of import and export/government procurement policy/advanced deposit/technical standard/heath an

3、d sanitary regulation/packaging and laboring regulation/minimum price Chapter 21. Under FOB, CFR, CIF, FCA, CPT, CIP terms,Which party shall apply for export license? seller clear the goods for export? sellerbe responsible for inspection? sellerbear the freight necessary to bring the goods from the

4、port of shipment to the named port of destination? Buyer: FOB/FCA bear the insurance premium during the carriage of goods from the port of shipment to the named port of destination? Seller: CIF/CIPbear the loading cost at the port of shipment? Buyer: FOB/FCAbear the unloading cost at the port of des

5、tination? Seller: CIF/CPTapply for import license? buyerclear the goods for import and pay the relevant import duty? buyerbe responsible for re-inspection? buyerWhat modes of transport they can be used for these terms?FOB/CFR/CIF: Sea or inland waterway transport FCA/CIP/CPT: any mode of transport i

6、ncluding multimodal transport 2. What are the places of delivery under EXW, FOB, CFR,CIF ,FCA,CPT,CIP,DDU, DDP terms?EXW the seller premiseFOB/CFR/CIF Ships railFCA/CIP/CPT CarrierDDU/DDP named place in the importing country3. The legal features of INCOTERMS.It is not a part of national or internati

7、onal law though they can be blinding the sellers and the buyers as their contractual obligations provided the sales contract specifies that a particular Incoterms will apply. Chapter 31. Four types of mark used in international trade Shipping marks/ information marks/indicative marks/warning marks2.

8、 Some phrases should not be used in the terms of packing in contracts as they are ambiguous, what they are?Sea-worthy packaging customary packaging3. The meaning of following combinations of letters and figures in the following shipping mark ABC Co. Stand for name of importerXYZ123 is reference numb

9、er, such as number of contract, invoice or shipping documentsShanghai is port of destinationChapter 41. Two types of merchant vessels.Liners/ tramps2. The meanings of W, M, Ad Val, W/M, W/M or Ad Val in a Liners Freight Tariff.W/ by weight M/ by measurement, volume Ad Val/ by value W/M by weight or

10、volume W/M or Ad Val first by weight or volume, second by value3. The functions of a B/L. A receipt from shipping co. for shippings goods,A title document to the goods shippedA evidence of the contract of carriage4. The differences between a shipped B/L and a received for shipment B/L. A Shipped B/L

11、: Goods are loading on board. The name of the carrying vessel and the date of shipping are indicated on it.A received for shipment B/L: goods are unloading on board. No name of the carrying vessel and the date of shipping on it. On board notation is needed.5. The differences between a clean B/L and

12、a dirty B/L.Clean B/L: no words about the defective conditions of the goods or packaging are printed on the B/L. goods are apparent good condition.Dirty B/L: packages are in damaged condition.6. The differences between a short form B/L and a long form B/L.Long form B/L: there are contract clauses pr

13、inted on the back of B/L.Short form B/L: No contract clauses.7. The features of an on deck B/L舱面提单 and a stale B/L.Deck B/L: goods are placed on the deck of shipping transportation. No acceptance to the issuing bank.A stale B/L: goods arrive before the arrival of shipping documents. The shipment dat

14、e is latter than that in the L/C.8. When a bearer B/L or an order B/L is transferred, what type of endorsement is needed? Blank/restrictive/special endorsement9. What type of an order B/L becomes after a blank endorsement / after a special endorsement? Bearer B/L (blank endorsement)Order B/L (specia

15、l endorsement)Chapter 51. The two ways to express the exchange rate between any two currencies. Direct quotation and indirect quotation2. Under the direct quotation, when a foreign currency becomes expensive/ less expensive, will the buying and selling rate be up or down?Expensive-up less expensive-

16、down2. Under the indirect quotation, when a foreign currency becomes expensive/ less expensive, will the buying and selling rate be up or down?Expensive-down less expensive-up3. The currencies which exporters should choose / avoid as the contract currency.Choose the currency that will become stronge

17、r.Avoid the currency that will become weaker.4. The currencies which importers should choose / avoid as the contract currency. Choose the currency that will become weaker.Avoid the currency that will become stronger5. The methods of quotation for foreign currencies in China, the U.K. and the U.S. In

18、 China-direct quotationThe U.K and the U.S. -indirect quotation6. The 3 conditions for a proposal to become an offer.(1) Be addressed to one or more specific person(2) Be sufficiently define(3) Indicate the intention of the offer to be bound in case of acceptance1. The three parties to a draft.Drawe

19、r-payee-drawee/payer2. The definition of a bill of exchangeAn unconditional order in writing signed by on party requesting a second party to make payment in lawful money immediately or at a determinable future time to a third party. 3. In international trade, who is usually the drawer, the drawee an

20、d the payee of a draft?Seller-drawer and payeeBuyer-drawee4. The differences between a bankers draft and a commercial draft. A bankers draft is drawn by one bank on another bank. It is used in settling payment obligations between banks.A commercial bank is drawn by a firm or a exporter. The drawee c

21、an be a firm, an exporter or a bank.5. The differences between a sight draft and a time draft. Sight draft is payable on presentation. The drawee should immediately pay the amount on the draft drawn by him.A time draft is payable in a specified number of days, After 1) its date of issuing 2) its dat

22、e of acceptance 3) its date of L/C or at a fixed future date. 6. The procedures for the operation of a sight draft and a time draft. A sight draft: insurance-presentation-paymentA time draft: insurance-presentation-acceptance-representation-payment7. For a dishonored bill, what must the holder obtai

23、n to exercise his right of recourse?A “certificate of protest “from a notary public, a law court or other institutions that have been authorized by law to issue such a certificate to certify the dishonored of the draft.8. The meanings of M/T/, T/T and D/D in English and Chinese. M/T: mail transfer 信

24、汇 T/T: telegraphic transfer 电汇 D/D: a bankers demand draft 票汇9. The definition of a documentary credit.跟单信用证It is a conditional bank undertaking or guarantee of payment.10. The 4 basic parties to a letter of credit.Applicant/ beneficiary/ issuing bank/ advising bankThe features of an revocable/irrev

25、ocable credit, confirmed/unconfirmed credit.Revocable credit is the one that may be amended or cancelled by the issuing bank at any time without prior notice to the beneficiary before the documents have been paid, accepted and negotiated.Irrevocable credit is one that cannot be amended or cancelled

26、without the permission of all parties. Confirmed credit has the commitment of the confirming bank besides that of the issuing bank. The confirming bank guarantees the payment and the seller has double assurance of payment and is better protected.Unconfirmed credit has commitment of the issuing bank

27、only. There is on undertaking on the part of advising bank or any other bank.11. Is a draft usually required under a sight payment, negotiation, acceptance and deferred payment credit? If yes, what type of draft is needed?Sight payment- (sometimes needed) sight draftNegotiation- (must) sight draft o

28、r time draftAcceptance- (must) time draftDeferred- (no need)12. Is a sight payment / negotiation / acceptance / deferred payment L/C a sight credit or a time credit? Sight payment-a sight creditNegotiation-a time credit or sight draftAcceptance-a time draftDeferred -a time draft 13. In an L/C, which

29、 party of a contract is usually the applicant or the beneficiary? Applicant-buyer beneficiary-seller14. The meaning of negotiation in an L/C.Negotiation means the giving of value for drafts and/or documents by the bank authorized to negotiate. 15. Can the negotiating bank reserves the right of recou

30、rse to the beneficiary after it has negotiated the documents? Yes 16. When a transferable L/C is transferred to the actual supplier, what items are likely to be changed? Credit amount/ unit price/expiry date/ time of shipment/insured amount 17. The relationship between the middleman and the actual s

31、upplier in a transferable L/C. Applicant and beneficiary18. Under what circumstance a back to back credit is used?When the transferred credit cannot be used. 19. The relationship between the middleman and the actual supplier in a back to back credit.Applicant and beneficiary20. The features of a red

32、-clause credit/revolving credit. Red-clause credit: is the one with a clause that authorized the advising bank make clean advanced payment to the beneficiary. Revolving credit: is one that is issued for a specific amount which renews itself for the same amount over a given period. Chapter 7What do n

33、atural calamities refer to in ocean marine insurance?Heavyweather/lightening/tsunami/washingoverboard/floodandvolcanic explosion.What do fortuitous accidents refer to in ocean marine insurance?Carrying vessel being grounded, stranded, sunk or in collision with floating ice or other objects, fire and explosion.What do extraneous risks include in ocean marine insurance?Theft, pilferage, fresh and rain water, short-deliver and non-delivery, leakage, shortage in weight, clashing, break