ex 3

1

In the case of neutral packing with designated brand, ( )

A.

only brand or trade mark is indicated

B.

both brand or trade mark and the country of origin are indicated

C.

only the country of origin in indicated

D.

neither brand or trade mark nor the country of origin is indicated

2

The most commonly adopted way of stipulating weight in international trade contract is ( ).

A.

gross weight

B.

tare weight

C.

theoretical weight

D.

net weight

3

( ) is suitable for measuring the weight of the importing wool.

A.

theoretical weight

B.

contracted weight

C.

net net weight

D.

conditioned weight

4

According to international trade practice, ( ) should provide the shipping marks unless stipulated in the contract.

A.

the buyer

B.

the carrier

C.

the seller

D.

the issuing bank

5

What are the four elements that should be included in an ISO standard shipping mark?

A.

Number of packages

B.

Reference number

C.

The buyer's initials

D.

Place/port of destination

6True or False

All marks on the shipping packages are officially termed as "shipping marks".

7 True or False

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.

8

True or False

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.

9

True or False

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.

10

True or False

Quality difference within the agreed quality latitude or tolerance will not give rise to the increase or decrease in price unless stipulated otherwise.

11

True or False

In order to meet the demand in the international market, we should make efforts to conclude business according to the buyer's sample.

12

True or False

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.

CASE STUDY

• CASE 1 An export company in China entered into a transaction with a Russian company, stating: soybean net weight of 100 kilograms per bag, 1000 bags , a total of 100 metric tons. However, after the goods arrived in Russia, the customs discovered the soybean net weight of 94 kilograms per bag, 1000 bags, a total of 94 tons. At that time, the market price was falling. So by the reason of the discrepancies between the document and the cargo, the Russian company asked for 5% price reduction, otherwise he would reject the goods.
• Question:
• Are Russian side's requests reasonable? What measures should the Chinese exporter take for remedy?

Case 2.An ore exporting contract specified the terms as follows: "25000 M / T 3% more or less at seller's option." When the seller prepared to take delivery, the international market prices of ore went upward.

• Question:
• (1) How much are you going to deliver as a seller? Why?
• (2) Standing in the position of the buyer, what should be paid attention to during negotiation of the terms of the contract?

Question: Describe procedures foroperation Program of Export by Sea under L/C Payment and CIF price.