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transferred through endorsement. ( )5) A bill of lading is both a receipt for merchandise and an evidence of contract for carriage. ( )6) Advantages of containerization include less handling of cargo, more protection against pilferage, reduced cost of transportation.( ) 7) Order B/L can be transferred with or without endorsement. ( ) 8) In international multimodal transportation, a multimodal transport operator will issue a bined transport document and be responsible for the safe carriage of the whole voyage. ( )9)The port charges are payable by shipowner during the period of voyage charter. ( )10)LCL/LCL denotes the container service where the shipper is responsible for stuffing and the carrier is responsible for stripping. ( ) 11)When traders set the time for shipment in a contract, the exporter should consider whether he can get the goods ready before the shipment date and whether the ship is available if the goods are ready. ( )12) The date marked on the B/L is the date on which the carrier takes delivery of the goods. ( )13)Tramp service is a carrier who operates a regular scheduled service. The vessels are usually chartered at negotiated rates, particularly when the quantity of cargo is large.( )14)The Voyage chartering party includes the payment of dispatch and demurrage. ( )15)Normally tramp rates fluctuate with market conditions of supply and demand.( )16)Under the voyage chartering, the shipowner is responsible for the fixed running expenses as well as for the voyage expenses.( )17)Specific Commodity Rates are normally lower than General Cargo Rates in air cargo transportation.( )18)Time of Shipment refers to the time limit for loading the goods at the port of shipment.19)Time chartering means that the charterer hires the vessel for a period of time without crew. ( )20)The Voyage Charter means that the vessel is put at the disposal of the Charterer for a certain period employment without any crew. )21)Straight Bill of Lading are not negotiable and cannot be transferred to third parties.( )22)One of the advantages in multimodal transport is to minimize time loss at transshipment point.( )23)Usually, an Air Way bill is nonnegotiable, that is, the goods must be sent to the consignee titled in the Air Waybill.( )Chapter 5 the right answer from each of the following.1)This bid is ______ your reply reaching us within 15 working days from today.A up to B subject to C subjecting to D subjected to 2)Our offer can only be left______ for five days, so you’d better us your acceptance.A acceptance B correct C definite D open3)Please reply to our inquiry ______ your earliest convenience.A by B upon C for D at4)Please note that our offer remains valid ______ July 15 for your acceptance.A. for B. on C. in D. until5) We find your quotation ______ men39。s shirts much too high. A. on B. for C. at D. to6)Bob is _______ the market for your new product, why don’t you call him right now?A at B in C seeking D entering7)a definite offer will be _______ on the offerer if the offer is accepted by the offeree.A. bound B. binded C. bounded D. binding2. Decide whether the following statements are true or false1)It is a widely accepted rule in international trade that silence and inactivity on the part of offeree constitute acceptance( )2)If an offer does not indicate the offerer’s clear reservation about the validity, then the offer shall be regarded as a definite offer3)According to the Convention, an offer bees valid as soon as it is dispatch.4)According to Convention, an offer should not be regarded as a definite offer unless it expressly indicates all the details relating to the transaction, including the validity for acceptance and the phrase to indicate finality.5)According to Convention, under no circumstances can an offer be revoked once it is made by the offerer.( )6)When accepting an offer, there should be no any material modification, addition or restriction in the acceptance. Otherwise such an offer would be regarded as a rejection of the offer and constitutes a counteroffer.()Chapter 61. Review and Discussion Questions1) What payment instruments are used in international trade?2) What is the difference between a bill of exchange and a promissory note? 3) Describe the types of remittance and their advantages and disadvantages.4) What is the difference between clean collection and documentary collection? 5) Describe the types of documentary collection. 6) What is L/C? Which type of L/C is monly used? 7) What is the relationship between the L/C and the sales contract? the right answer from each of the following.1) A draft is like a check that can be endorsed but it isn39。t a title to goods, like ______.A. a bill of lading B. an inspection certificateC. a certificate of origin D. an insurance certificate 2) Documentary credit seeks ______ from the bank. A. guarantee B. no guarantee C. no protection D. insurance3) The most mon and safest payment method for international sales transactions is __________. A. Cash in Advance B. Remittance C. Collection D. L/C4) A bank informs the beneficiary that another bank has opened a letter of credit in his favor. The bank informing the beneficiary does not add its engagement. This bank is acting as________. A. an advising bank B. a confirming bank C. an issuing bank D. a negotiation bank5) A collecting bank is employed by ______. A.the principal B.the remitting bank C.the drawer D.the drawee 6) The documentary collection provides the seller with a greater degree of protection than shipping on ______ A.Open account B.Banker’s letter of guarantee C. Banker’s draft D.Documentary credit7) In what circumstances would the beneficiary of a confirmed documentary credi