Model Test 1 I. Translate the following terms into Chine or English
1.Penalty clau
Revolving credit
Title document
With particular average
Voyage charter
Weather working days of 24 concutive hours Summary procedure Quality latitude Advanced bill of lading Insurable interest
拼装箱
理赔
习惯皮重公量
拒付
绝对免赔率指示性标志本票
不可抗拒力仲裁裁决
II. Read the following statements and if it is true put a “T” ,otherwi an “F”
1.Transit trade refers to the transaction involving importing goods from overas for further
processing and then re-exporting the goods abroad.
heart breaker
2.If a transaction is concluded under trade terms in C group, the ller shall pay the freight to
ship the goods to the destination, but shall not be responsible for the risk of the goods in transit.
3. A trade contract becomes effective at the moment when the offeree makes a statement or
conducts an act that indicates an acceptance.
4.According to UCP600, in abnce of an more or less specifying the quantity, a tolerance not
roamingexceeding 10% more or 10% less is allowed.
5.The four basic elements in a shipping mark are name of the consignee, the port of destination,
the contract number and the number of packages.
6. A transferor should endor a straight B/L at the back if he wants to transfer the title to the
goods to other parties.
7.Lay time, demurrage and dispatch are all terms concerning loading and unloading related to
voyage charter.
8.W/W clau is a clau stipulating the duration of insurance suitable only for marine cargo
insurance with War Risks as an exception.
9.In B/E practice, ‘dishonor’means the refusal to the acceptance or payment of a duly
prented draft by the drawer.
10.in ca of disputes, if litigation is not adequate to work out the ttlement
III. Choo the best answer for each question.
1.In trade negotiation, a conditional acceptance is _______.
A. a form of counter-offer
B. an unconditional refusal
C. an acceptance with rervation
D. a conclusion of contract
2. a Japane trader concluded a transaction under CIF Tianjing, exporting fiber products to
China. The contract included the term of force majeure. Soon the price of oil ro sharply due to the Gulf War, as a result of which, the cost of the Japane exporter incread 20%. The Japane exporter then asked for raising export price bad on force majeure events.
A.As Gulf War is a force majeure event, the Japane exporter can terminate the contract.
B.As this is a commercial risk not a force majeure event, the Japane exporter shall
perform the contract as usual.
C.As the ri in cost is caud by external accidents, the Japane export shall rai the
price for export
D.There are unfair terms in the contract
3.Which one of the following prices is correctly expresd?
A. RMB 3.50 CIF Hong Kong
B. USD3.50 per piece CIF
C. RMB3.50 per piece CIFC London
D. USD3.50 per piece CIFC2 London
4. In international trade practice, the price that doesn’t include commission and /or discount is known as _______.
A. actual price
B. general price
C. normal price
D. net price
5. under L/C payment term, the obligation of the advising bank is ________.
A. to notify the ller of the arrival of the L/C
B. to issue the L/C upon the application of the importer
C. to buy a documentary draft
D. to make actual payment
6. A Chine company concluded an export transaction with a foreign company under CIF term. If there are no specific stipulations concerning the insurance, the Chine exporter shall effect______.
A. W,P.A
B.F.P.A
C. A.R.
D. A.R. and W.R.
7. Under a negotiation credit, the payer of a draft is ________.
A. The applicant
B. the negotiating bank
C. the issuing bank
D. the advising bank
英语四级分数换算8. The duration of Air Transportation Insurance shall be limited to _______days after completion of discharge of the insured goods from the aircraft at the final airport of discharge.
A. 60 days B 45 days C. 30days D. 15 days
9. The loss of the particular average shall be borne by__________.
A. the carrier
B. the party who suffers the loss
C. all parties proportionally
D. all parties equally
10. in the ca of a late acceptance, ________ will decide whether the acceptance is effective or not .
A .the party who invites the offer B. the party to whom the offer is made
C. the party who makes the enquiry
D. the party who makes the offer
11. _________ rves as the basis for the calculation of export revenue.
A. FOB price
B. CFR price
C. CIF price
D.CPT price
12 Under CFR term, the division of risk between ller and buyer is when the goods are delivered_____.
A. to the first carrier
B. at the port of destination
C. to the buyer at the port of destination
D. over the ship’s rail at the port of shipment
13. The most common way of stipulating weight in international trade contract is______.
A. gross weight
B. net weight
slices
C. theoretical weight
D. tare weight
14. In the ca of neutral packing with designated brand,________.
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 is indicated
15. A letter of credit is issued on the basis of the _________.
A. sales contract
B. promissory note
C. commercial invoice
D. draft
IV. Short answer question
1.What are the features of a bill of lading?
2.What are the conditions for general average?
3.What are the main documents required for the negotiation of payment under L/C term? V. Calculation
1.We offered at GBP1150 per M/T CFE Rotterdam. Our counterpart replied asking us to offer
on OB Shanghai term with a 2% commission. The freight from the port of shipment to the port of destination was GBP170per M/T. what would be the FOBC2 offer?
2.ABX Company concluded a transaction at USD 50 per ca FOB Kobe. The British
counterpart asked for CIF London price.. Suppo the measurement of each ca was 45×40×25 cm and gross weight for each ca was 35kg. freight basis was W/M and the carriage was USD120 PER CASE, plus 20% Additional on Direct and 10% Port Surcharge.
Insurance rate was 0.5% and markup was 10%. What would be the CIF price?
VI. Ca Study
1.Our company imported steel plate from abroad. The contract stipulated that goods were
shipped in two lots and payment was by irrevocable sight L/C. bank of China was designated to issue two credits for each lot. After the delivery of the first lot, the foreign exporter prented the documents required within validity time and Bank of China reimburd the negotiating bank accordingly. However, after receiving the first lot of the goods, we found the quality of the goods was not up to the standard stipulated in the contract. As a result, upon our request, Bank of china dishonored the cond lot of the goods. Analyze:
1). Is it appropriate for Bank of China dishonored? Why or why not?
2) How can we do to make the quality of the imported goods in line with the contract?
2. Orange Company singed a contract with Big Company exporting peanuts, with the price term as CIF Pittsburgh. It received the through, shipped on board clean B/L from the carrier. However, when the goods arrived at the destination, the consignee found part of the goods were damped and went moldy. The Big Company immediately lodged a claim against the insurance company for compensation. Upon investigation, it was found later that the damage to the goods was caud by the fact that the goods were loaded in the deck instead of in the ship’s hold. The insurance company
refud to make compensation becau the ller didn’t insure on-deck risk. The insurer then asked the buyer to lodge a claim against the ller. However, the ller said that he had no idea about the fact and the B/L issued by the carrier was clean on board. Comment on the ca.
Model Test 2
I. Translate the following terms into Chine or English
1)Discrepancy and claim clau
2)Demurrage
3)Irrevocable credit
4)More or less clau 5)Statutory inspection
6)Quality tolerance
7)Free from particular average
8)Stale bill of lading
9)Time charter
10)The indemnity principle
11)仲裁条款
12)索赔方
13)以毛作净
14)不计免赔15)平均皮重
16)中性包装
17)议付行
18)象征性交货
19)整箱装
20)跟单汇票
II. Read the following statements and if it is true put a “T” ,otherwi an “F”
1)As most of the trade in the world today refers to the exchange of visible goods rather than
invisible goods, many rules, regulation and conventions concerning trade in the world such as incoterms, United Nations Convention on Contracts for International Sale of Goods (CISG),Uniform customs and Practice for Documentary Credits (UCP) etc. are all made to deal with visible goods trade.
2)Under the term CIF, the ller has to contract for carriage and insurance, bearing the risk of
loss or damage to the goods or additional costs due to events occurring after shipment or dispatch.
3)An irrevocable offer means that the offeror has no right to withdraw the offer.
4)In accordance with the international practice, unless the contract stipulates otherwi, the
more or less part will be counted at the contract rate.
5)All marks on the shipping packages are officially termed as “shipping marks”
6)If an export contract is concluded bad on CIF XX liner, the contracted goods should be
delivered by means of liner rvice.
7)Demurrage is usually half of dispatch
8)When an importer insures the goods under a CFR contract against “All Risk”, the insurance
company undertakes an insurance liability over the insured cargo from the warehou of the shipper named in the policy until the cargo has arrive at the warehou of the receiver named in the policy.
9)The payer of a bank bill is a bank while the payer of a commercial bills is a company
10)In international trade, the best way to solve the dispute is through arbitration.
III. Choo the best answer for each question.
1)When exporting a large amount of goods by charter on CIF Manila, if the ller doesn’t want
to bear the cost of unloading, he should quote_________.
A. CIF Manila
starwood
B. CIF Manila Landed
C. CIF Manila Ex Ship’s Hold
D. CIF Manila Liner
2)According to CISG, a contract is formed the moment when_______.
A.the acceptance becomes effective
B.the written contract is being signed
C.it has been approved by the authority
D.the offer has reached the offeree
generational
3)If a contract is concluded on FOB basis, the contract price indicates the ________.
A. total export cost
B. export cost price
C. export revenue in foreign exchange
D. export cost for foreign exchange
4)The total cost of one product’s export is CNY 14,000, and the net income of foreign of export
is USD2,500.if the foreign exchange quoted by Bank of China is CNY 680 for USD100, then the Export profit Margin should be:
A. 18.5%
B. 21.43%
C. 16.60%
D. 23.65%
5)_______ refers to the holder of the B/E prenting the bill to the drawee, asking the latter
either to pay or to accept it.
A. Drawing
B. acceptance
C. Endorment
D. prentation
6)To insure against the cargoes from being stolen, we should cover________.
A. FPA
B. ALL RISK C TPND D. ALL RISK +TPND
7)Under a negotiation credit, the drawee of a draft is usually__________.
A. the applicant
B. the negotiating bank
midgetC. the issuing bank
D. the advising bank
8)The duration of Ocean Transportation Insurance shall be limited to _________ days after
completion of discharge of the insured goods from the agoing vesl at the final port of discharge before they reach the above mentioned warehou or place of storage.
A. 60days
B.45days
C. 30 days
D. 15days
9)The loss of the general average shall be borne by__________.
A. the carrier
B. the party who suffers the loss
C. all parties benefited proportionally
D. all parties benefited equally
10)According to CISG, a late acceptance is _______
A.definitely not effective as an acceptance
butcher怎么读B.effective as an acceptance if the offeror so insists
C.effective as an acceptance if the offeror keeps silent
D.effective as an acceptance if without delay the offeror orally informs the offeree or
dispatches a notice to that effect.
11)When C terms are adopted, risks after shipment are to be taken by__________.
A. the insurance company
B. the buyers
C. the llers
D. the shipper
12)If the ller delivers a quantity of goods greater than that provided for in the contract,
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according to CISG, the buyer cannot_________.
A.take delivery of all the goods
C.take delivery of the goods in quantity as specified in the contract
13)The ratio between the total cost of export in local currency and export revenue in foreign
currency reflects the __________.
A. export profit
B. export profit margin
C. export cost for foreign exchange
D. rate of foreign exchange-earning
14)The common ways to measure tare when net weight is adopted in a sales contract include the
following EXCEPT___________.
A. computed
B. average tare
C. customary tare legal tare
15)In practice, the draft drawn under L/C payment is usually to indicate_________.
A.the contract number and the date of its signing
B.the invoice number and the date of its issuance
C.the B/L number and the date of its issuance
D.the L/C number and the date of its issuance
俄语翻译培训IV. Short answer question
