2019-01-25T11:23:01+00:00 Assignments

In international trade, what are the THREE major requirements that need to be taken into consideration in selecting a market?

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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]


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