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WorksheetsDFTM, Sem-I Internal No. 1 (20Marks)
Total questions: 20
Worksheet time: 19mins
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
Meaning of Authorised Dealer in international business, is-
Any commercial bank in home country
Any commercial bank in foreign country
A bank dealing in foreign Exchange
Exporter bank whether dealing in foreign exchange or not
Original of GR form is detached by the Customs and sent to-
Ministry of Finance
Reserve Bank of India
Commissioner of Customs of that place
Central Excise Commissioner of that place
Stuffed containers arriving from CFS to port, are checked by the Customs at port gate for-
Whether goods being exported are permitted for export or not
Whether weight of loaded container is within limit or exceeded its limit
Whether custom seal put at CFS after stuffing, is in tact or not
Whether ship on which containers are to be loaded, has arrived or not
Shipping Note is prepared by-
Shippers/ exporters
Importers
Shipping Lines
Master of the ship
"Entreport Trade " means-
Trans-shipment cargo
Imported cargo being exported to any country after value addition
Cargo movement from one port to other port within the country
Imported cargo being consumed at port of discharge itself
ARE-1 form is used for removal of goods -
From CFS to Port
From port to final destination
From factory for export
From ship to shore/ berth/ jetty
The main function/ Role of custom house agents (CHAs) is-
To clear export goods from customs
To clear import goods from customs
To clear ship from customs
To clear import as well as export goods from customs
Document of title is the other name of -
Airways Bill
Bill of Lading
Shipping Bill
Commercial Invoice
Consular Invoice in India is issued by-
Consulate General Office of importing country in India
Consulate General Office of India in importing country
Ambassador of importing country in India
Director General of Foreign Trade
Meaning of "export" is-
Selling of goods from home country to foreign country
Buying of goods from foreign country to home country
Buying of goods from foreign country and selling to another country
Selling of goods by whole sellers to retailers
