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INTERNATIONAL
TRADE & TRANSPORT
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. In
international trade, what are the THREE major requirements that need to be
taken into consideration in selecting a market? [20]
2. using
a diagram show a typical hierarchical structure of an export department and
explain the roles depicted. [20]
3.
Explain what a documentary letter of credit is and its function. [20]
4. The
Single European Act of 1987 was designed to solve the problems manufacturers
faced when developing products for different countries/markets within the EU.
What are the barriers faced by manufacturers in developing products for the
different countries/markets? [20]
5. List
and explain the different packing methods and consignment marking used in
transport and logistics. [20]
6. Give
an explanation for the following terms used in international trade and
transport:
a) Tax
b)
Excise
c) Levy
d)
License
e)
Quota [4 each]
7.
Explain the difference between a Waybill and a Bill of Lading and their
application. [20]
8. List
and explain the items contained in the checklist a bank issues for an
application for a Letter of
Credit
to ensure it will not be rejected. [20]