Chapter 1- PRACTICE 3

Open transfer of goods through border-gates means:

• Goods are transported from the export to the import country through VN border-gates and brought into bonded warehouses or areas for trans-shipment of goods at VN ports without carrying out the procedures for importing them into VN and the procedures for exporting them out of VN.

• Goods are transported from the export to the import country through Vietnamese border-gates without carrying out the procedures for importing them into Vietnam and the procedures for exporting them out of Vietnam

• Goods are transported directly from the export to the import country without going through VN border-gates

• Goods from a country or territory for sale to another country or territory outside the former territory without carrying out the procedures for importing and exporting such goods into that country

Financial settlements is replaced by another way in which methods?

• Counter-trade

• Re-exportation

• Intermediary

• Direct import-export

In which types of counter-trade, sale of goods/services to another country with the commitment to make a future purchase of specific products from that country

• barter

• off-set

• counter-purchase

• compensation

In which method of international sales of goods, exporter means importer:

• counter-trade

• re-exportation

• direct import/export

• Counter trade and re-exportation

• Direct import/export

Direct import/export means: Sellers and buyers in different countries territories or customs areas directly negotiate and conclude contracts, not through

• intermediary

• second party

• auction

• bidding

The speculator always anticipates a rise in the price

• Bull speculator

• Bear speculator

• Monkey speculator

• Ox speculator

Traders can flexibly postpone purchasing or buying by

• Pay offset to the other party directly

• Pay offset to the other party through Clearing House

which agent can operate under the principal's name?

• Mandatory agent

• Commission agent

• Merchant agent

• General agent

... have authority to negotiate and conclude the contract for sale and purchase of goods on behalf of and in the name of principals

• Broker

• Agent

• Intermediaries

• Purchase entrustment

Which statement is true to commodity exchange?

• Transactions are conducted directly between seller and buyer

• Most of transactions are long-sale ones

• Transactions of many kinds of goods are conducted

• Transactions are conducted at specific time and place