1) Which statement is NOT correct for a character of remittance?.

A) High risk

B Bank Credit

C Simple process

D)Imbalance of cash burden

2) Which party will an export contact for amending if the exporter found any mistake after his examing a letter of credit ?

A conforming bank

B advising bank

C The issuing bank

d)Importer

3) Under which term will an importer pay less cost of delivery?

a)CFR/CIF Ex Ship's Hold

b)CFR/CIF Landed

c)CFR/CIF Liner Terms

D )CFR/CIF Ex Tackle

4) Under which term will an importer pay less cost of delivery?

A)

CFR/CIF Ex Ship's Hold

B)

CFR/CIF Landed

C)

CFR/CIF Liner Terms

D )CFR/CIF Ex Tackle

5) As an exporter in China, you got an offer from an importer from USA. Which of following price quotation is not correct in the offer?

A USD 100 metric tons FOB Shanghai

B USD 100 metric pairs CIF New York

USD 100 metric tons CFR Shanghai

D USD 100 metric tons CPT New York