Procedures And Documents Used In Export Import And Entreport Trade - Commerce Jamb Past Questions and Answers

Question 6 :

• JAMB 1997

The cost that raises from failure to load or unload a ship at the port within a stipulated period is known as

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

Question 7 :

• JAMB 1998

Enter pot trade is said to have taken place when goods are?

A. Held at the port payment of custom duty
B. Sold in the ship under special regulation
C. Imported and then re-export
D. Kept for further processing before sales

Question 8 :

• JAMB 1998

When a price is quoted at F.O.B. it means that the price?

A. Excludes loading charges incurred in bringing the goods to port of destinction
B. Exclude all necessary shipping charges payable for insurrance
C. Includes all charges payable on shipping a consignment to the port destination
D. Includes charges payable for for loading goods onto the ship

Question 9 :

• JAMB 2000

Ocean liners are subdivided into

A. Passenger liner and cargo liners
B. Coastel liners and cargo liners
C. Cargo liners and tramp liners
D. Passenger liners and tramp liners

Question 10 :

• JAMB 2004

In international trade, documentary credit is also known as?

A. Credit note
B. Letters of credit
C. Bankers' note
D. Letter of hypothecation