Exam 17: Appendix B: Export and Import Practices

Incoterms describe three issues that arise in a commercial transaction.Which of the following is not one of these issues?

The three kinds of marine insurance policies are ______ named perils,______ named perils,and all risks.

The sale of an exporter's accounts receivable on ordinary goods,with the balance of the payment due upon delivery or soon after is

If the firm sets up its own export operation,the next step is to find and establish overseas

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

An unconditional order drawn by the seller that instructs the buyer to pay the draft on presentation (sight draft)or at an agreed future date (time draft)and that must be paid before the buyer receives shipping documents is known as a(n)

If merchandise on an American port is not cleared by customs,the would-be importer could do any of the following except

Most of what is contained in a sales agreement is the same in the contract for a domestic representative as for an export sale.However,which of the following is among the two areas requiring special attention in an export sales contract?

A(n)____________ is a bill of lading issued by an air carrier.

Out of all the pricing methods mentioned,the preferred one for sellers is Ex-Works/factory door.

A ____________ is an area authorized by customs authorities for storage of goods on which payment of import duties is deferred until their removal.

Mistakes in selecting foreign distributors and sales representatives are not an issue new exporters face.

_______________________________ act as agents for exporters and prepare documents,book space on carriers,and otherwise act as the exporter's traffic department.

Collection documents vary from country to country.The most common types of collection documents that the seller provides to the buyer include all of the following except

The Incoterm for the situation where the seller pays the costs of freight to bring goods to the destination port and the risk passes to the buyer once the goods are loaded aboard the ship,is

Once the potential exporter has established that there may be a market for the firm's products,it's time to

A disadvantage for companies that insist on less risky transactions,such as a letter of credit,is that they may be losing business to competitors who sell on open accounts.

Global Markets Unit specialists seek to provide which of the following services to U.S.firms?

The first step in locating foreign markets is to determine whether there is a ______ for the firm's products.

Merchandise subject to import ______ can be on the dock of an American port awaiting clearance through customs,but if the ______ fills anywhere during the wait,those goods cannot be imported for the rest of the fiscal year.