International Trade Vocabulary

International Trade Vocabulary

University - Professional Development

12 Qs

quiz-placeholder

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International Trade Vocabulary

International Trade Vocabulary

Assessment

Quiz

English, Professional Development

University - Professional Development

Hard

Created by

Myrian Souza

Used 74+ times

FREE Resource

12 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Goods that are bought and sold in trade. If being shipped or moved, it may be called FREIGHT or CARGO.

Merchandise

Shipment

Export

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

A certificate certifying that the goods have been made to the buyer’s specifications.

CERTIFICATE OF ORIGIN

CERTIFICATE OF SALE

CERTIFICATE OF MANUFACTURE

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

It shows that the goods meet the required standards prior to shipment.

CERTIFICATION OF QUALITY

CERTIFICATE OF INSPECTION

CERTIFICATE OF ORIGIN

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Before a supplier sends merchandise to a buyer, the supplier provides this document listing the quantity, value and specifications of the merchandise.

BILL OF LADING

INVOICE

PRO FORMA INVOICE

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

This document is a guarantee that payment will be made when the seller meets the conditions sale.

LETTER OF CREDIT

LETTER OF INSURANCE

LETTER OF SALES CONDITION

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

It's a contract or agreement between an exporter and a transportation company. It contains a list of the goods being carried and it must remain with the merchandise at all times.

BILL OF LADING (BL)

LETTER OF CREDIT

CERTIFICATE OF QUALITY

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

It means the seller is responsible for the goods until they are loaded. The seller must pay all costs related to getting the goods to port and onto vessel.

INCOTERMS – FREE ON BOARD

INCOTERMS – COST & FREIGHT (CFR)

INCOTERMS – COST INSURANCE FREIGHT (CIF)

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