EXAM COMERÇ EXTERIOR:

1. The seller and the buyer conclude a contract of sale with payment arranged by documentary
credit

2. The buyer requests the Issuing Bank to provide documentary credit in favor of the seller.

3. The buyer uses documents to take delivery of the goods.

4. The bank verifies the documents and pays the seller according to the terms of the letter of
credit and validity of the documents presented.

5. The issuing bank charges the buyer in a pre-arranged manner.

15. El precio EXW es 100. Los gastos de llevar la mercancía al puerto de Barcelona y la
comisión del agente son 43. El flete del barco hasta el puerto de destino más
documentos es 47. El seguro de transporte por barco es 2. Los aranceles e impuestos
en el país de destino son 47. Los gastos de envío de la mercancía desde el puerto hasta
el almacén del comprador son 10.
El precio CIF es:
100 + 43 + 47 + 2 = 192
Escoge una:
- 192
- 143
- 190

24. El precio EXW es 100. Los gastos de llevar la mercancía al puerto de Barcelona y la
comisión del agente son 43. El flete del barco hasta el puerto de destino más
documentos es 47. El seguro del transporte por barco es 2. Los aranceles e impuestos
en el país de destino son 47. Los gastos de envío de la mercancía desde el puerto hasta
el almacén del comprador son 10.
100 + 43 = 143
El precio FOB es:
- 143
- 190
- 192
- 249

El precio EXW es 100. Los gastos de llevar la mercancia al puerto de Barcelona y la comisión del
agente son 43. El flete del barco hasta el puerto de destino más documentos es 47. El seguro
de transporte por barco es 2. Los aranceles e impuestos en el país de destino son 47. Los gastos
de envío de la mercancia desde el puerto hasta el almacén del comprador son 10.
100 + 43 + 47 + 2 + 47 + 10 = 249
El precio DDP es:
Escoge una:
- 249
- 143
- 192
- 190
6. Write the three letters of the Incoterm only.
- You are the seller.
- You can obtain an export license and arrange to clear the goods for export.
- Cannot deliver the goods to the place indicated (Buyer must pick up the goods).
EXW.

7. Write the three letters of the Incoterm only.

- You are the seller.
- You can obtain an export license and arrange to clear the goods for export.
- You can deliver the goods at the agreed place.
- You are prepared to contract the transport and pay the freight of the goods to the
agreed place.
- He is willing to assume all risks and costs of the goods until they are delivered to the
buyer.
- Cannot obtain the necessary import permits and clear the goods for import.
- The designated destination is a seaport.
- You are willing to assume the costs and risks associated with bringing the goods to
the named port of destination and unloading the goods at the dock.
DAP.

8. Write the three letters of the Incoterm only.

- You are the buyer.
- You can obtain an import permit for the goods.
- You can hire the transport and pay the freight of the goods from the agreed place.
- You can obtain an export license and arrange for the clearance of goods for export.
EXW.

9. Write the three letters of the Incoterm only.

- You are the buyer.
- You can obtain an import permit for the goods.
- You can hire the transport and pay the freight of the goods from the agreed place.
- You cannot obtain an export license and arrange for the clearance of goods for
export.
- The agreed location is a seaport.
- You do not want the seller to place the property on board the vessel.
FAS

10. Write the three letters of the Incoterm only.

- You are the seller.
- You can obtain an export license and arrange to clear the goods for export.
- You can deliver the goods at the agreed place.
- You are not prepared to contract the transport and pay the freight of the goods
from the agreed place.
- The right place is an export port.
 - The designated place is the ship's rail at the port of export.
FOB

11. Write the three letters of the Incoterm only.

- You are the buyer.
- You can obtain an import permit for the goods.
- You cannot hire transportation and pay freight for the goods from the agreed place.
- Is unwilling to assume the risk of loss or damage to the goods once the seller has
delivered the goods to the
- carrier.
- The designated destination is not a seaport.
DAT.

12. Write the three letters of the Incoterm only.

- You are the buyer
- You cannot obtain an import permit for the goods.
- He is willing to pay the property tax.
DDP.

13. Write the three letters of the Incoterm only.

You are the seller.
- You can obtain an export license and arrange to clear the goods for export.
- You can deliver the goods at the agreed place.
- You are prepared to contract the transport and pay the freight of the goods to the
agreed place.
- He is willing to assume all risks and costs of the goods until they are delivered to the
buyer.
- UsTed can obtain the necessary import permits and clear the goods for import.
- is also willing to pay property tax.
DDP.

14. About the advantages of transportation methods, it is ideal for standardized packaging
(palletizing):
a. Train
b. Aircraft
c. Ship
d. Truck

15. For the seller, the documentary credit is a guarantee that if they present the documents
certifying compliance with the conditions established in the documentary credit, they will
receive money for the goods sold.
a. Vertader
b. Fals
 16. Incoterms include groups.
a. Three
b. Five
c. None of the above
d. Four

17. Regarding the advantages of a documentary credit (e.g. letter of credit), the buyer cannot
delay payments and, therefore, cannot increase the amount of current assets available.
a. Vertader
b. Fals

18. The Harmonized System is governed by:

a. None of the above
a. International Convention on the Harmonized Commodity Description and Coding
System
b. The Universal Treaty on International Trade Convention
c. The World Trade Organization treaty

19. Which of the following represents the greatest risk to the seller once the goods have been
shipped?
a. Transfer
b. Bank check
c. Personal check
d. Bill of exchange

20. The use of documentary credit guarantees the buyer's risk of not receiving the agreed
quality and quantity of goods.
a. Vertader
b. Fals

21. About the disadvantages of transportation methods, Dependent on the infrastructure of

other methods:
a. Aircraft
b. Train
c. Truck
d. Ship

22. Which of the following is not a role of the European Commission with respect to TARIC?
a. The Regulations are published in the Official Gazette no later than October 31 and
apply from January 1 of the following year.
b. The Commission assigns TARIC code numbers, updates the TARIC and informs
member states electronically of any changes.
c. All of the above.
d. The Commission is responsible for the publication and computerized management of
 TARIC.

23. Under a CIF Incoterm, which of the following is not correct?

a. Requires the seller to clear the goods for export.
b. The risk passes from the seller to the buyer when the goods arrive at the port of
destination.
c. Freight and insurance are at the seller's expense.
d. It requires the buyer to handle customs clearance in his country upon arrival of the
product.

24. Which of the following is not an advantage of the pricing method known as cost-plus
pricing?
a. It is easy to administer
b. It is easy to calculate
c. The information requirements are minimal
d. Provides incentives for efficiency

25. Which of the following represents the greatest risk to the buyer?
a. Bill of exchange / draft
b. Irrevocable letter of credit
c. Transfer after receipt of the goods
d. Documentary collection

26. About the disadvantages of transportation methods, Delivery and safety is not always 100%:
a. Ship
b. Truck
c. Aircraft
d. Train
27. Under the FOB Incoterm, which of the following is incorrect?
a. Buyer is responsible for freight and insurance
b. This Incoterms can be used for any type of transport.
c. Export costs are borne by the seller.
d. The seller's responsibility ends when the goods are loaded on board the ship.

28. About the disadvantages of transportation methods, It is not competitive for short distances:
a. Train
b. Truck
c. Ship
d. Aircraft

29. The pricing method that consists of starting with the market price in the country of export
and working backwards until the export price is obtained as a result is called:
a. Value added pricing
b. Top down method
c. Cost plus approach
d. None of the above

30. About the advantages of a documentary credit (e.g. letter of credit),

The buyer can negotiate with its partners on the reduction of the purchase price of the goods,
because the supplier's risk is reduced.
a. Vertader
b. Fals

31. About the disadvantages of the transportation

methods, Handling is multiplied (in general cargo):
a. Ship
b. Truck
c. Aircraft
d. Train

32. About the advantages of transportation methods,

Competitive and fast for long distance:
a. Train
b. Ship
c. Aircraft
d. Truck

33. The Harmonized System:

a. Just over 12% of the merchandise in international trade is classified in terms of this
coding.
b. It is a universal language and code for products
c. It is a product nomenclature developed by the Organization for Economic Cooperation
and Development (OECD).
d. It is a system comprising 1,000 commodity groups identified by a four-digit code.
34. About the advantages of transportation methods, It is ideal for long distance travel:
a. Aircraft.
b. Truck
c. Ship
d. Train
35. TRAIC
a. All of the above.
b. This is the internal Common Customs Tariff applied to imported products.
c. It is the combined tariff and statistical nomenclature of the Customs Union.
d. It incorporates all Community and trade measures applied to imported goods only.

36. For the buyer, using documentary credit means that the money will be paid to the seller
only if the seller has shipped the goods to the right place at the right time.
a. Vertader
b. Fals

37. TRAIC regulations

a. It is based on the nomenclature of the Harmonized System and complements it
with its own subdivisions called "NC subheadings".
b. None of the above.
c. The European Parliament establishes the Integrated Tariff of the European
Communities (TRAIC) based on the Combined Nomenclature.
d. It establishes a nomenclature of goods, the Combined Nomenclature (CN), to satisfy
the requirements of the Common Customs Tariff and not the external trade of the
Community.

38. Incoterms:
a. They indicate the transfer of ownership of the product from seller to buyer.
b. They are governed by the World Customs Organization.
c. They do not determine which documents each party processes and their cost.
d. They are price clauses, as each term allows you to determine the elements that
compose it.

39. About the advantages of the transportation methods, It carries a low risk of damage:
a. AIRPLANE
b. Ship
c. Train
d. Truck

40. About the disadvantages of transportation methods, It has limited weight capacity and
dimensions:
a. Aircraft
b. Train
c. Ship
d. Truck
41. About the advantages of tranpsort methods, The best flexibility, recognized by the ideal
groupage capacity for the small exporter.
a. Aircraft
b. Ship
c. Truck
d. Train

42. Incoterms Group C

a. It is an arrival
b. It is freight prepaid
c. It is freight prepaid
d. It is ex-factory