WorksheetsTOPIC 2_The process of Internationalization and international
Total questions: 16
Worksheet time: 9mins
The Bill of Lading is one of the most important documents in an international transaction.Known as the boarding pass.
True
False
WHICH ONE IS NOT A REQUIRED DOCUMENT FOR AN INTERNATIONAL OPERATION?
DUA
PACKING LIST
CERTIFICATE OF ORIGIN
HS CODE
The packing list must indicate the contents, weight and measurements of each package (cargo details).
True
False
True, but it is not necessary in the export activity
The world classification of goods at international level contains 6 digits.
True
False
Incoterms (International Commercial Terms) are laws, used in buying and selling operations between companies from different countries.
True
False
Which one is not a function of the incoterms:
To identify the point of collection of the goods.
To define the distribution of export and import costs, expenses and risks.
To establish the details and dimensions of the goods.
To declare who is in charge of customs clearance or customs formalities
EXW - Ex Works: exporter delivers the cargo to the buyer in his own warehouse
True
False
CFR (Cost and Freight): The seller is responsible for all costs and insurance until the merchandise reaches the port of destination,
True
False
DDP - (Delivered Duty Paid).The seller will pay all the expenses and risks that take place from its warehouse until the merchandise reaches its final destination.
True
False
In which incoterm the seller bears all risks and expenses except import clearance, taxes and duties at destination?
(a)
In Europe, 8 digits are used to classify the goods in International Trade, moreover the last two digits are called the Combined Nomenclature.
True
False
The concept of nearshoring is understood as the process that aims to
bring the production process closer to the target market to reduce
uncertainty, vulnerability, and exposure to political and legal tensions,
which are changing globally
True
False
Leaders of digital teams know their companies must adjust and accelerate. Continuous improvement is essential.
True
False
Whithin the supply chain a forwarder is...
an international document
logistics company
supplier
none of the above
Producer and shipper can be the same person.
True
False
Certificate of origin: collects vital information about the shipment and the cargo classification and is used by customs to calculate the duties and taxes to be settled.
True
False
