Question
A company has an export transaction with the payment term D/A at 15 days after sigh. Assuming the documents mailing period is 7 days, and
A company has an export transaction with the payment term D/A at 15 days after sigh. Assuming the documents mailing period is 7 days, and the date of collection is July 1st (without considering the reasonable working hours of the bank). The date of document release is
July 1st
July 8th
July 15th
July 22nd
Because it represents the title to the goods, () must be handled carefully.
bill of lading
letter of credit
advice of shipment
international sanction
Company A ordered 400M/T steel plates from a seller in total, with 100M/T for each of the four specifications: 6 feet, 8 feet, 10 feet, and 12 feet. It was contracted that the seller was allowed to decide a quantity of 5% more or less. The final delivery by the seller was: 6 feet, 70M/T; 8 feet, 80M/T; 10 feet, 60 M/T; 12 feet, 210 M/T. Can the importer reject documentary drafts issued by the exporter based on the actual delivered quantity?
yes
no
can't decide
The international uniform customs practice in written for documentary collection is
UCP600
ISP98I
ncoterms2020
URC522
According to UCP600, if there is no indication in the credit of insurance coverage required, the amount of insurance coverage must be at least ( )% of the CIF or CIP value of the goods.
10
100
110
130
According to CISG Article 19, additional or different terms relating, among other things, to the ( ), quality and of the goods, extent of one party's liability to the other or are considered to alter the terms of the offer materially.
price
payment
the settlement of disputes
quantity
place and time of delivery
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started