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INTERNATIONAL
PURCHASING & SUPPLY
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]