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Chapter Three Subject Test for subject

1、 问题:In the case of neutral packing with designated brand, (    )
选项:
A:neither brand or trade mark nor the country of origin is indicated
B:both brand or trade mark and the country of origin are indicated
C:only brand or trade mark is indicated
D:only the country of origin in indicated
答案: 【only brand or trade mark is indicated

2、 问题:The most commonly adopted way of stipulating weight in international trade contract is (   ).
选项:
A:gross weight
B:net weight
C:theoretical weight
D:tare weight
答案: 【net weight

3、 问题:(   ) is suitable for measuring the weight of the importing wool.
选项:
A:theoretical weight
B:conditioned weight
C:contracted weight
D:net net weight
答案: 【conditioned weight

4、 问题:According to international trade practice, (   ) should provide the shipping marks unless stipulated in the contract.
选项:
A:the issuing bank
B:the seller
C:the carrier
D:the buyer
答案: 【the seller

5、 问题:What are the four elements that should be included in an ISO standard shipping mark?
选项:
A:The seller’s initials
B:The buyer’s initials
C:Reference number
D:Number of packages
E:Place/port of dispatch
F:Place/port of destination
答案: 【The buyer’s initials;
Reference number;
Number of packages;
Place/port of destination

6、 问题:All marks on the shipping packages are officially termed as “shipping marks”.
选项:
A:正确
B:错误
答案: 【错误

7、 问题:If the seller delivers goods with quantity greater than that stipulated in the contract, according to CISG, the buyer may take delivery or refuse to take delivery of all the goods.
选项:
A:正确
B:错误
答案: 【错误

8、 问题:There are various ways of defining quality in contracts. In order to clear the responsibility, we should adopt both sale by sample and sale by specification.
选项:
A:正确
B:错误
答案: 【错误

9、 问题:If the quality of goods delivered by the seller is not in accordance with that stipulated in the contract, the buyer has the right to ask for compensation for the loss but cannot declare the contract void.
选项:
A:正确
B:错误
答案: 【错误

10、 问题:Quality difference within the agreed quality latitude or tolerance will not give rise to the increase or decrease in price unless stipulated otherwise.
选项:
A:正确
B:错误
答案: 【正确

11、 问题:In order to meet the demand in the international market, we should make efforts to conclude business according to the buyer’s sample.
选项:
A:正确
B:错误
答案: 【错误

12、 问题:Both gross weight and net weight can be used for measuring goods’ quantity. If there are no terms in the S/C specifying which is to be used, gross weight should be applied according to CISG.
选项:
A:正确
B:错误
答案: 【错误

【作业】Chapter Three Subject Case Study

1、 问题:China’s Company A exported Frozen Ducks to Iraq’s Company B. It was contracted that ducks must be processed as per Islamic customs. A knew nothing about Islamic customs and adopted a different way of processing. Company B refused to take delivery when the ducks arrived at their end and notified A to give instructions of diposal.Please comment on the above case.
评分规则: 【 Quality refers not only to the outform of products, but also to the intrinsic features that include the processing way.
The seller violates the contract for the goods are processed in a different way from that contracted, that is the quality is not consitent with terms in the contract.
The seller should figure out what is the correct way to process products even if he doesn’t know about it.

2、 问题:China’s Company A imported wheat from a foreign company. It was contracted "Quantity: 2,000,000 M/T, USD 100 per M/T FOB …" But the foreign company shipped 2,300,000 M/T.Question:(1) How to deal with the overshipped goods?(2) What if the foreign company only shipped 1,800,000 M/T?
评分规则: 【 As per CISG, if the seller dilivers goods more than the quantity contracted, the buyer may take part or all of the overshipped goods and pay for them, or the buyer may refuse to accept the overshipped goods.
In this case, Company A may only accept 2,000,000 M/T as contracted, or accept more than that quantity and to pay for all the goods he accepts.
If the goods were short-delivered before the deadline of shipment, the buyer may ask the seller to dispatch those short-delivered and still have the right to ask for compensation for any loss incurred.
If the goods were still short-delviered until the deadline, the buyer may ask for compensation or even declare the contract void.

【作业】Chapter Three Subject Test for subject

1、 问题:In the case of neutral packing with designated brand, (    )A. neither brand or trade mark nor the country of origin is indicatedB. both brand or trade mark and the country of origin are indicatedC.only brand or trade mark is indicatedD.only the country of origin in indicated
评分规则: 【 单选题

2、 问题:The most commonly adopted way of stipulating weight in international trade contract is (   ).A. gross weightB.net weightC.theoretical weightD.tare weight
评分规则: 【 单选题

3、 问题:(   ) is suitable for measuring the weight of the importing wool.A.theoretical weightB.conditioned weightC.contracted weightD.net net weight
评分规则: 【 单选题

4、 问题:According to international trade practice, (   ) should provide the shipping marks unless stipulated in the contract.A.the issuing bankB.the sellerC.the carrierD.the buyer
评分规则: 【 单选题

5、 问题:What are the four elements that should be included in an ISO standard shipping mark?A.The seller’s initialsB.The buyer’s initialsC.Reference numberD.Number of packagesE.Place/port of dispatchF.Place/port of destination
评分规则: 【 多选题

6、 问题:In order to meet the demand in the international market, we should make efforts to conclude business according to the buyer’s sample.
评分规则: 【 判断题

7、 问题:If the seller delivers goods with quantity greater than that stipulated in the contract, according to CISG, the buyer may take delivery or refuse to take delivery of all the goods.
评分规则: 【 判断题

8、 问题:Both gross weight and net weight can be used for measuring goods’ quantity. If there are no terms in the S/C specifying which is to be used, gross weight should be applied according to CISG.
评分规则: 【 判断题

【作业】Chapter Four Price Price Calculation

1、 问题:China’s Company A intends to make a selling offer for 1,000 pieces of men’s shirts, 100% cotton, with 5% commission included, under CIF Los Angeles.The shirts will be purchased from a domestic supplier at CNY 76.00 per set (included 13% VAT). Tax will be rebated at 13% for export. The shirts are to be purchased with loan from bank for 60 days at the annual rate of 5%. The expected expense for domestic transport, inspection, custom clearance, port affairs, public relations are CNY 1,200, CNY 200, CNY 100, CNY 1,200, and CNY 1,000 respectively. Bank charges at 0.5% of the involved amount in international settlement.Ocean Freight and insurance premium for each piece are USD 1.45 and USD 0.6 respectively.The expected profit on sales is 10%.The exchage rate is CNY 7.12 for each US dollar.(1) Please calculate the price for Company A.(2) Please write down the unit price in English.
评分规则: 【 Real Export Cost: 76(1+13%-13%)/(1+13%)=CNY67.2566 per piece
Domestic expense: 76
5%60/360+(1200+200+100+1200+1000)/1000=CNY4.3333 per piece
Bank charges per piece:  CIFC5
0.5%
Commission per piece: CIFC55%
Expected Profit per piece: CIFC5
10%
CIFC5 = (67.2566+4.3333)/7.12 + 1.45 + 0.6+ CIFC5*(0.5%+5%+10%)CIFC3 = USD 14.33 per piece
Company should quote the price at USD 14.33 per piece CIFC5 Los Angeles.

Chapter Four Price Test for Price

1、 问题: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、 问题: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、 问题: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

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