problem 1: Identify four main methods of indirect exporting and describe their benefits.

problem 2: Identify three currency exchange contracts available to the exporter and describe 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: describe the role of the freight forwarder in international trade and describe four main services offered by a freight forwarder.

problem 5:

a) In a documentary letter of credit describe 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 describe the following custom regimes:

a) Inward Processing Relief (IPR)
b) Export license control
c) Intrastate
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)