problem 1: Identify four main methods of indirect exporting and describe their advantages.
problem 2: Identify three currency exchange contracts available to the exporter and illustrate the benefits of each type.
problem 3: Under which circumstances would the given ship charters be used:
a) Voyage Charter
b) Time Charter
c) Demise Charter
problem 4: Illustrate the role of the freight forwarder in international trade and describe four main services offered by a freight forwarder.
a) In a documentary letter of credit illustrate the role of:
• Issuing bank
• Advising bank
• Confirming bank
b) Under which circumstances would a beneficiary request a confirmed letter of credit?
problem 6: Identify five factors influencing the choice of packing.
problem 7: describe and state the given custom regimes:
a) Inward Processing Relief (IPR)
b) Export license control
d) Outward Processing Relief (OPR)
problem 8: describe the seller’s responsibilities under:
a) FOB (Free on Board)
b) EXW (Ex warehouse)
c) FAS (Free alongside ship)
d) DDP (Delivery duty paid)