Procedure and documentation - Jamb Commerce Past Questions and Answers

Question 31:

• JAMB 2011

The price quoted which includes the cost of insurance, freight and all delivery charges to the importer's warehouse is?

A. Free Alongside Ship
B. Franco
C. Free On Board
D. Free On Rail

Question 32:

• JAMB 2012

The document a seller uses in dispatching goods to a customer by a carrier is

A. A bill of landing
B. An invoice
C. An advice note
D. A delivery note

Question 33:

• JAMB 2012

A document which serves as an order with details of goods required by an intending purchaser is

A. A freight note
B. An indent
C. A bill of landing
D. A way bill

Question 34:

• JAMB 2012

If a customer pays within nine days of receiving goods and takes advantage of 3% off the invoice price, this is stated as

A. 3/9;net 30
B. 9/27;net 30
C. 30;net 9/3
D. 9/30;net 3

Question 35:

• JAMB 2014

In response to an inquiry from a customer, a wholesaler is expected to send back

A. A consignment note
B. An order
C. A qoutation
D. An advice note