1. The booking note is issued by the ____ requesting allocation of shipment space. (C)
A. carrier to the agent
B. carrier to the shipper
C. shipper to the carrier
D. carrier to consignee
2. AN NVOCC is a (n) ____ who operates regular scheduled services. (B)
A. shipper
B. carrier
C. receiver
D. charterer
3. To the actual shipper, the NVOCC is a ____ while to the actual carrier, he is a ___. (B)
A. actual carrier……carrier
B. carrier……shipper
C. shipper……carrier
D. carrier……consignee
4. The ____ is issued by the shipper to the carrier requesting allocation of shipment space. (C)
A. cargo manifest
B. mate’s receipt
C. booking note
D. delivery order
5. When the goods arrives at the port of destination, the_____ issues an Arrival Notice informing the notify party of the cargo discharge point and other information. (B)
A. shipper
B. carrier
C. receiver
D. consignee
6. All bills of lading should be signed either the___ or____. (D)
A. notify party……carrier
B. carrier……shipper
C. consignor……consignee
D. carrier……his agent
7. A document signed by the Chief Office acknowledging the receipt of cargo on board ship, and later exchanged for a B/L is called______. (B)
A. sea waybill
B. mate’s receipt
C. booking note
D. delivery order
8. Documentary credit means payment against____ instead of against______. (D)
A. goods……documents
B. acceptance……confirmation
C. documents……acceptance
D. documents……goods
9. Detailed provisions dealing with the operation of documentary credit can be found in_____. (B)
A. ICC
B.UCP
C. INCOTERMS
D. CMR convention
10. In a revocable credit, it is the____ who has the right to revoke the credit. (A)
A. buyer
B. seller
C. advising bank
D. issuing bank
11. The____ bank should ensure that the seller’s documents are drawn up in accordance with the credit terms before such documents are paid for and forwards to the____ bank for final reimbursement. (C)
A. issuing……negotiating
B. advising……paying
C. negotiating……issuing
D. paying……advising
12. _____ published by the ICC contains detailed provisions dealing with the operation of documentary credit. (B)
A. Hague Rules
B. UCP600
C. Incoterms2000
D. CMR convention
13. In the practice of L/C transaction, the buyer is not required to pay for the goods until the arrival of the relevant____. (C)
A. B/L
B. invoice
C. documents stipulated by L/C
D. L/C
14. According to documentary credit, the____, on receipt of letter of credit, will have to prepare shipment of the contract goods within the delivery date. (D)
A. agent
B. customer
C. buyer
D. seller
