Secondary revision · Commerce - G11
Documents Used in Foreign Trade
Question 1 of 2
Grade: Eleven - G11
Q1
Essay · up to 5 points
Give the functions of each of the following documents below: i. Indent ii. Bill of exchange iii. Consular invoice iv. Charter party v. Letter of Hypothecation vi. Freight note vii. Bill of lading viii. Air way bill ix. Certificate of origin x. Certificate of inspection
Worth up to 5 points
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About this topic
Gain knowledge about the various documents used in foreign trade, such as documentary credits, bills of exchange, and certificates of origin. Understand their role in international business transactions. Ready to become a trade document expert? Take our quiz and enhance your document proficiency!
What you'll practise (2 questions)
- Give the functions of each of the following documents below: i. Indent ii. Bill of exchange iii. Consular invoice iv. Charter party v. Letter of Hypothecation vi. Freight note vii. Bill of lading viii. Air way bill ix. Certificate of origin x. Certificate of inspection
- Explain the following price quotations and delivery terms in international trade. a) Ex- works/loco/Ex- factory b) F.O.R c) D.D d) F.A.S e) F.O.B f) Cost &Freight g) C.I&F h) Loaded price i) In bond j) Paid duty k) Franco (ii) Distinguish between Advalorem tax and Specific tax?
Answer each question above to see the correct answer and a full explanation.