Analyze the purpose and content of an air waybill

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Instructions to candidates:


a) Time allowed: Three hours (plus an extra ten minutes’ reading time at the start – do not write anything during this time)

b) Answer any FIVE questions

c) All questions carry equal marks. Marks for each question are shown in [ ]


1. Analyze the purpose and content of an air waybill. [20]


2. The analysis of a supplier’s credibility is a key process in international purchasing. Analyze the approaches available to support this process. [20]


3. Paying  for products purchased from overseas is not always a straightforward process. Explain the main issues that should be taken into account in determining the preferred method of payment. [20]


4. Review the fundamental principles on which the system of cargo insurance is based. [20]


5. Determining the most appropriate method of transport can be a key consideration with some types of goods. Explain the approach that you would adopt to determine the suitability of a mode of transport. [20]


6. Analyze the reasons why arbitration is now the preferred method, in many cases, for resolving international trading disputes. [20]


7. Review the different types of counter-trade typically seen in international trading. [20]


8. Explain the content of a typical export sales contract. [20]

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