***PLEASE ANSWER ALL QUESTIONS***

Question 18 (Mandatory) (1 point)

Steve Renwick of Renman Inc works for a medium sized Canadian firm that manufactures plastic caps and bottles for the soft drink beverage industry. Steve Renwick has contacted his good friend Kim Williams of Kimmie's Jams in Vancouver, BC. Kim is a veteran importer, having imported into Canada jams and exotic food spreads from all over Asia for the past 15 years. Steve would like to know the most likely INCO term he can reasonably hope to negotiate to import his plastic caps from South Korea. He has decided to ask Kim for her assistance. Kim's response should be:

Question 18 options:

1. DAF

2. DDP

3. CIF

4. DDU

Question 19 (Mandatory) (1 point)

An importer will agree to a confirmed letter of credit:

Question 19 options:

1. to ensure the exporter does what he/she promised.

2. to ensure that the currency on record is handled by a competent mediator.

3. to ensure that the Government tariffs are paid

4. to ensure the importer gets paid

Question 20 (Mandatory) (1 point)

The main government regulation that controls imports into Canada is called:

Question 20 options:

1. The Import Control Regulation

2. The Export/Import Permits Act

3. The Import/Export Goods Control Act

4. The Import Permit Requirement Act