Question 1

A commercial invoice favored by countries attempting to accurately forecast needs for foreign currency is called a(n)____________________ invoice.

Accepted Answer

The answer of A commercial invoice favored by countries attempting...

Question 2

A consular invoice can be considered a trade barrier.

Accepted Answer

A) True 
 B)False

Question 3

The pro forma invoice

Accepted Answer

A)  is identical to the commercial invoice. 
B)  must be written with extreme care to avoid discrepancies between the letter of credit and the commercial invoice. 
C)  does not need an expiration date. 
D)  All of the above 
E)  None of the above 
A)  is identical to the commercial invoice. 
B)  must be written with extreme care to avoid discrepancies between the letter of credit and the commercial invoice. 
C)  does not need an expiration date. 
D)  All of the above 
E)  None of the above

Question 4

Incoterms determine if a Certificate of Insurance is

Accepted Answer

A)  required on the air waybill. 
B)  the responsibility of the exporter or importer. 
C)  a receipt for the goods. 
D)  a certificate of title. 
E)  part of the packing list. 
A)  required on the air waybill. 
B)  the responsibility of the exporter or importer. 
C)  a receipt for the goods. 
D)  a certificate of title. 
E)  part of the packing list.

Question 5

A packing list always accompanies a shipment.

Accepted Answer

A) True 
 B)False

Question 6

A Certificate of Manufacture is similar to a Certificate of Origin.

Accepted Answer

A) True 
 B)False

Question 7

A Certificate of Origin must be signed by the importer's chamber of commerce.

Accepted Answer

A) True 
 B)False

Question 8

If the ____________________ is not filed in time with U.S.Bureau of Customs and Border Protection,the shipment will not be allowed to leave the port of departure.

Accepted Answer

Shipper's

Question 9

A Certificate of Certification

Accepted Answer

A)  defines the technical characteristics of a good before it can be imported. 
B)  may be written by an independent company. 
C)  may be written by a trade association. 
D)  All of the above 
E)  None of the above 
A)  defines the technical characteristics of a good before it can be imported. 
B)  may be written by an independent company. 
C)  may be written by a trade association. 
D)  All of the above 
E)  None of the above

Question 10

Most End-Use Certificates are provided by the governments of exporting countries.

Accepted Answer

A) True 
 B)False

Question 11

For an exporter,one way to avoid having to pay for amendments to a letter of credit is to

Accepted Answer

A)  prepare the packing list particularly carefully. 
B)  make sure that the Shipper's Export Declaration has been filed electronically. 
C)  prepare the pro forma invoice particularly carefully 
D)  All of the above 
E)  None of the above 
A)  prepare the packing list particularly carefully. 
B)  make sure that the Shipper's Export Declaration has been filed electronically. 
C)  prepare the pro forma invoice particularly carefully 
D)  All of the above 
E)  None of the above

Question 12

An experienced exporter knows that the U.S.government almost always checks the paperwork that the exporter provides to the importer.

Accepted Answer

A) True 
 B)False

Question 13

EDI is

Accepted Answer

A)  Electronic Data Interchange. 
B)  an electronic exchange of documents from computer to computer. 
C)  based upon a legal agreement between sender and recipient. 
D)  All of the above 
E)  None of the above 
A)  Electronic Data Interchange. 
B)  an electronic exchange of documents from computer to computer. 
C)  based upon a legal agreement between sender and recipient. 
D)  All of the above 
E)  None of the above

Question 14

The sentence "This merchandise licensed by U.S.for ultimate destination [country].Diversion contrary to U.S.Law prohibited" is

Accepted Answer

A)  a Commerce Control List. 
B)  the Fenwick Anti-Terrorist Amendment of the Export Administration Act. 
C)  the "List of Specially Designated Nationals." 
D)  the Denied Person's List. 
E)  None of the above 
A)  a Commerce Control List. 
B)  the Fenwick Anti-Terrorist Amendment of the Export Administration Act. 
C)  the "List of Specially Designated Nationals." 
D)  the Denied Person's List. 
E)  None of the above

Question 15

In most cases,an intermodal bill of lading

Accepted Answer

A)  is illegal. 
B)  is an Incoterm 
C)  is a straight bill of lading. 
D)  is regulated by the International Maritime Dangerous Goods Code. 
E)  None of the above 
A)  is illegal. 
B)  is an Incoterm 
C)  is a straight bill of lading. 
D)  is regulated by the International Maritime Dangerous Goods Code. 
E)  None of the above

Question 16

A bill of ____________________ is a fundamental international shipping document in ocean transportation.

Accepted Answer

The answer of A bill of ____________________ is a fundamental...

Question 17

Among the reasons for import documents are

Accepted Answer

A)  to keep out shoddy goods. 
B)  to determine appropriate tariff classifications. 
C)  to help determine import goods values. 
D)  All of the above 
E)  None of the above 
A)  to keep out shoddy goods. 
B)  to determine appropriate tariff classifications. 
C)  to help determine import goods values. 
D)  All of the above 
E)  None of the above

Question 18

The invoice that corresponds to an actual shipment is called the ____________________ invoice.

Accepted Answer

The answer of The invoice that corresponds to an actual...

Question 19

Failure to have the correct number of original invoices and the proper paperwork can delay customs' ____________________ in the importing country.

Accepted Answer

The answer of Failure to have the correct number of...

Question 20

The main billing document in a shipment is the pro forma invoice.

Accepted Answer

A) True 
 B)False

A commercial invoice favored by countries attempting to accurately forecast needs for foreign currency is called a(n)____________________ invoice.

A consular invoice can be considered a trade barrier.

The pro forma invoice

Incoterms determine if a Certificate of Insurance is

A packing list always accompanies a shipment.

A Certificate of Manufacture is similar to a Certificate of Origin.

A Certificate of Origin must be signed by the importer's chamber of commerce.

If the ____________________ is not filed in time with U.S.Bureau of Customs and Border Protection,the shipment will not be allowed to leave the port of departure.

A Certificate of Certification

Most End-Use Certificates are provided by the governments of exporting countries.

For an exporter,one way to avoid having to pay for amendments to a letter of credit is to

An experienced exporter knows that the U.S.government almost always checks the paperwork that the exporter provides to the importer.

EDI is

The sentence "This merchandise licensed by U.S.for ultimate destination [country].Diversion contrary to U.S.Law prohibited" is

In most cases,an intermodal bill of lading

A bill of ____________________ is a fundamental international shipping document in ocean transportation.

Among the reasons for import documents are

The invoice that corresponds to an actual shipment is called the ____________________ invoice.

Failure to have the correct number of original invoices and the proper paperwork can delay customs' ____________________ in the importing country.

The main billing document in a shipment is the pro forma invoice.

Introduction

International Supply Chain Management

International Logistics Infrastructure

Methods of Entry into Foreign Markets

International Contracts

Terms of Trade or Incoterms

Terms of Payment

Currency of Payment (Managing Transaction Risks)

International Insurance

International Ocean Transportation

International Air Transportation

International Land and Multi-Modal Transportation

Packaging for Export

International Logistics Security

Customs Clearance

Using International Logistics for Strategic Advantage

Filters

Exam 9: International Commercial Documents

A commercial invoice favored by countries attempting to accurately forecast needs for foreign currency is called a(n)____________________ invoice.

A consular invoice can be considered a trade barrier.

The pro forma invoice

Incoterms determine if a Certificate of Insurance is

A packing list always accompanies a shipment.

A Certificate of Manufacture is similar to a Certificate of Origin.

A Certificate of Origin must be signed by the importer's chamber of commerce.

If the ____________________ is not filed in time with U.S.Bureau of Customs and Border Protection,the shipment will not be allowed to leave the port of departure.

A Certificate of Certification

Most End-Use Certificates are provided by the governments of exporting countries.

For an exporter,one way to avoid having to pay for amendments to a letter of credit is to

An experienced exporter knows that the U.S.government almost always checks the paperwork that the exporter provides to the importer.

EDI is

The sentence "This merchandise licensed by U.S.for ultimate destination [country].Diversion contrary to U.S.Law prohibited" is

In most cases,an intermodal bill of lading

A bill of ____________________ is a fundamental international shipping document in ocean transportation.

Among the reasons for import documents are

The invoice that corresponds to an actual shipment is called the ____________________ invoice.

Failure to have the correct number of original invoices and the proper paperwork can delay customs' ____________________ in the importing country.

The main billing document in a shipment is the pro forma invoice.

Introduction

International Supply Chain Management

International Logistics Infrastructure

Methods of Entry into Foreign Markets

International Contracts

Terms of Trade or Incoterms

Terms of Payment

Currency of Payment (Managing Transaction Risks)

International Insurance

International Ocean Transportation

International Air Transportation

International Land and Multi-Modal Transportation

Packaging for Export

International Logistics Security

Customs Clearance

Using International Logistics for Strategic Advantage

Filters