Question 1

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 aboveF) A) and E)
G) D) and E)

Question 2

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 3

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

Accepted Answer

A) True 
 B)False

Question 4

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 aboveF) None of the above
G) All of the above

Question 5

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 6

A packing list always accompanies a shipment.

Accepted Answer

A) True 
 B)False

Question 7

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 8

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 aboveF) A) and B)
G) None of the above

Question 9

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 aboveF) A) and C)
G) None of the above

Question 10

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

Accepted Answer

A) True 
 B)False

Question 11

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 aboveF) C) and E)
G) A) and B)

Question 12

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 13

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 aboveF) A) and C)
G) A) and B)

Question 14

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

Accepted Answer

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

Question 15

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

Accepted Answer

A) True 
 B)False

Question 16

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

Accepted Answer

A) True 
 B)False

Question 17

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 18

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.F) A) and B)
G) B) and E)

Question 19

A consular invoice can be considered a trade barrier.

Accepted Answer

A) True 
 B)False

Question 20

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 aboveF) A) and E)
G) D) and E)

Exam 9: International Commercial Documents

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

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EDI is

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

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The pro forma invoice

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A packing list always accompanies a shipment.

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

Among the reasons for import documents are

Correct AnswerverifiedShow Answer

A consular invoice can be considered a trade barrier.

Correct AnswerverifiedShow Answer

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.

Correct AnswerverifiedShipper's ...View AnswerShow Answer

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

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

In most cases,an intermodal bill of lading

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

Incoterms determine if a Certificate of Insurance is

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

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

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A Certificate of Certification

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Shipper's ...
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