DFTM, Sem-I Internal No. 1 (20Marks)

Bill of Lading is signed by-

• Carrier/ Shipping Line

• Importer

• Exporter

• Customs

Who is at disadvantage under cash in advance system of payment in international trade-

• Importer

• Shipping Line

• Exporter

• Government

Under GR form, shippers undertakes to get remittance of export goods within-

• 18 days

• 180 days

• 360 days

• 90 days

Under FAS terms, the responsibility of seller ends after-

• Goods are placed along side ship

• Goods are loaded on board ship and freight is paid

• Goods are loaded and freight and insurance premium are paid

• Goods are loaded on board ship

Under D/P documentary collection, documents are handed over to the buyer only after-

• Buyer accepts to make payment within time frame as agreed in export order

• Buyer agrees to open Letter of Credit in exporter name

• Buyer's bank gives a firm commitment to pay on behalf of buyer

• Buyer makes payment immediately

Importer Exporter Code (IEC), a 10 digit code is issued by-

• Director General of Foreign Trade

• Director General of Shipping

• Custom Department

• Reserve Bank of India

In Letter of Credit (LC), meaning of Receiver is-

• The bank issuing LC

• The bank providing Guarantee

• The bank on which draft is drawn

• Exporter

On line shipping bill can be filed by the exporter/ his CHA on a portal called -

• EDIGATE

• Custom Portal

• Portportal

• ICEGATE

Which of the below document is purely a post shipment document-

• Bill of Entry

• Mate Receipt

• Custom Invoice

• Certificate of Inspection

In case of export of goods by land (road or rail), the receipt/ document of title issued by the carrier is known as-

• Bill of lading (BL)

• Bill of Export (BoE)

• Bill of Trans-shipment (BoT)

• Airway Bill