Purchase and Sale of Goods - Jamb Commerce Past Questions and Answers

Question 56:

• JAMB 2016

The cost which is incurred asa result of failure to load or unload a ship at the ports within a specified period is referred to as

A. Demurrage charges
B. Premium charges
C. Excess charges
D. Trade charges

Question 57:

• JAMB 2016

The cost which is incurred asa result of failure to load or unload a ship at the ports within a specified period is referred to as

A. Demurrage charges
B. Premium charges
C. Excess charges
D. Trade charges

Question 58:

• JAMB 2016

A document that serves as an instument for perferential tariff is referred to as

A. An indent
B. A certificate of origin
C. A consular invoice
D. An advice note

Question 59:

• JAMB 2016

A formal letter to a dealer to enquire details about certain items for sale is referred to as

A. An inquiry
B. An invoice
C. An order
D. A quotation

Question 60:

• JAMB 2016

Where a manufacturer doesn't collects money from wholesalers in exchange for goods produced is referred to as

A. Charge account
B. Trading checks
C. Trade credit
D. I owe you