What are the characteristics of settlement by L/C . ( )
A. the bank’s credit
B. the self-sufficient instrument
C. the deal with documents
D. the commercial credit
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A trade barrier is a general term that describes any government policy or regulation that restricts international trade. The barriers can take any form, including ( )
A. import duties, import licenses
B. export licenses, import quotas
C. tariffs, subsidies
D. non-tariff barrier to trade
In Incoterms 2010, which terms can be used only for sea and inland waterway transportation? ( )
A. FOB
B. CIF
CFR
D. FAS
According to the CISG, the general procedures for business negotiations may includes some steps, they are:( )
A. enquiry
B. offer
C. counter-offer
D. acceptance
Which are true about UCP among following statements? ( )
A. It is published by ICC
B. The latest edition is called UCP600
C. UCP600 applies to any documentary credit when the text of the credit expressly indicates that it is subject to these rules.
D. It describes mainly the tasks, costs and risks involved in the delivery of goods from sellers to buyers.
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