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TRADE & TRANSPORT
Instructions to candidates:
allowed: Three hours (plus an extra ten minutes’ reading time at the start – do
not write anything during this time)
Answer any FIVE questions
questions carry equal marks. Marks for each question are shown in [ ]
international trade, what are the THREE major requirements that need to be
taken into consideration in selecting a market? 
a diagram show a typical hierarchical structure of an export department and
explain the roles depicted. 
Explain what a documentary letter of credit is and its function. 
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? 
and explain the different packing methods and consignment marking used in
transport and logistics. 
an explanation for the following terms used in international trade and
Quota [4 each]
Explain the difference between a Waybill and a Bill of Lading and their
and explain the items contained in the checklist a bank issues for an
application for a Letter of
to ensure it will not be rejected.