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BUS 280 Final MOD B (1)
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BUS 280 Final MOD B (1)
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BUS 280 Final MOD BA confirmed letter of credit and a documentary draft are similar, EXCEPT
that - CORRECT ANSWER-there is no guarantee of payment with a
documentary draft.
A document issued by the carrier that is a contract for the shipment, a
receipt for the goods shipped, and a certificate of ownership is called
a(n) - CORRECT ANSWER-export bill of lading.
Incoterms describe three issues that arise in a commercial transaction,
including - CORRECT ANSWER-which party covers the costs
Most of what is contained in a sales agreement is the same in the
contract for a domestic representative as for an export sale. However,
what is one of the two areas requiring special attention in an export sales
contract? - CORRECT ANSWER-Designation of the country and state or
province whose laws will govern any contractual dispute.
One means of shipment that reduces theft and handling costs is to use
________, which are sent sealed and opened at the destination. -
CORRECT ANSWER-containers
The ________ is a classification system for the 200,000 + commodities
traded internationally, and it includes interpretive notes that help
determine the classifications. It is used to calculate import duties. -
CORRECT ANSWER-Harmonized Tariff Schedule
The Enforcement and Compliance unit of the ITA helps American
business by - CORRECT ANSWER-monitoring foreign country
compliance with trade financing.
The European Union uses a Conformité Européene (CE) mark on
shipments, which indicates that - CORRECT ANSWER-b) the
merchandise conforms to European requirements.
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