Exam 17: Appendix B: Export and Import Practices

An area designated by the government of a country as being outside its customs territory is a ______________________________.

The Incoterm acronym FOB (named loading port),refers to

Export marketing plans should be specific about all of the following except

The U.S.Department of Commerce form used to control export shipments and record export statistics is the

HTSA is the U.S.version of the global tariff code known as the

Incoterms describe the three issues that arise in a commercial transaction: which party does which ______,which party covers the ______,and which party bears the ______. B.2.

The Incoterm for the situation where the product is delivered at the specified destination,the seller pays for carriage to the named place,as well as all duties,taxes,and customs charges,and assumes all risk until the goods are delivered to the buyer at the specified destination,is

The sale of an exporter's accounts receivable on capital goods,commodities,and other high-value goods,with the payment due at least 180 days out is known as

Rebates on customs duties are known as

Export drafts must be paid before the buyer receives shipping documents.

The Incoterm for the situation when carriage and insurance are paid to a specified destination,while risk passes to the buyer when the goods are handed to the carrier,is

Of the 12 most common mistakes and pitfalls awaiting new exporters listed in the textbook,which one of the following is not in the list?

Freight forwarders may typically provide advice regarding all of the following except

A document issued by the carrier that is a contract for the shipment,a receipt for the goods shipped,and a certificate of ownership is a(n)

What are the most common mistakes made by new exporters?

The Incoterm acronym for carriage paid to destination,with seller paying for carriage,while risk passes from the seller when goods are handed to the carrier,is

For exporters,which of the following is the preferred pricing method?

In CIF (cost,insurance,freight,named destination port),the seller quotes a price that includes the cost of the goods,insurance,and all transportation and miscellaneous charges to the named foreign port in the country of final destination.

A confirmed letter of credit guarantees payment to the seller.

If the exporter believes the political and commercial risks are not sufficient to require a letter of credit,the exporter may agree to payment on a ______ draft basis,which is less costly to the buyer.