A) to pay for the goods at the time of delivery

B) a quotation

Choose the right word

In reply to an enquiry you may want to give a prospective customer

B) a quotation

Choose the right word

A person who requests a quotation is under no obligation to buy the goods

E) a prospective buyer

Choose the right word

Prices which include costs for transport, insurance are called

A) gross prices

Fill in the blank with suitable words

When prices tend to fluctuate the supplier will state in their quotation that their prices -----.

D)are subject to change.

Choose the right equivalent

Quantity discount is a discount -----

A) for orders over a certain amount

A trade discount is a discount ----

D) discounts in similar trades

A cash discount is a discount ---

C) for a payment is made within a certain time

The buyer pays for the goods and he is also responsible for all other costs once the goods have left the factory

E) EXW

The seller pays all delivery costs to the buyer’s carrier, and clears the goods for export

D) FCA

The price covers the cost of bringing the goods to the port, the buyer pays for loading the goods onto the ship and all other costs.

A) FAS

The price includes all delivery to a named port, except for the insurance.

B) CFR

The price includes all costs up to the importer’s frontier, excluding import duty.

C) DAF

The price covers all delivery costs including loading the goods onto the ship, all other charges are the buyer’s responsibility

A) FOB

The seller pays transport and insurance costs to a named destination, but not import duty.

B) CIP

The seller is responsible for all costs of delivering goods to a named destination in the buyer’s country.

D) DDP

The price includes all delivery costs on board the ship but the seller did not clear the goods for import at the named port of destination.

C) DAF

The seller is responsible for all costs (including import duty) of delivering goods to a named destination in the buyer’s

D) DDP

The seller is responsible for all costs but he does not pay import duty.

E) DDU

What is the difference between order and quotation?

A) a low price, discounts, favourable terms of payment

B) a high price, cash discount, unfavourable terms of payment

C) a description of the terms on which the goods can be bought

D) an offer in payment of an obligation

E) a low price, no discounts, prompt terms of payment

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What is a tender ?

C) a description of the terms on which the goods can be bought

What is a quotation ?

A) a low price, discounts, favourable terms of payment

B) a high price, cash discount, unfavourable terms of payment

C) a description of the terms on which the goods can be bought

D) an offer in payment of an obligation

E) a low price, no discounts, prompt terms of payment

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Where are orders usually written?

B) order form

The buyer’s obligation is

A) to pay for the goods at the time of delivery

What is an invoice?

A) a list of goods shipped or services rendered, stating prices, quantities, fees, shipping charges etc.

B) a binding document that a buyer can request from his bank in order to guarantee that the payment for goods will be transferred to the seller

C) a document of title giving ownership of the goods to the person named on it

D) a legal term that refers to the signing of a document which allows for the legal transfer of a negotiable from one party to another

What is a Letter of Credit?

A) a list of goods shipped or services rendered, stating prices, quantities, fees, shipping charges etc.

B) a binding document that a buyer can request from his bank in order to guarantee that the payment for goods will be transferred to the seller

C) a document of title giving ownership of the goods to the person named on it

D) a legal term that refers to the signing of a document which allows for the legal transfer of a negotiable from one party to another

E) a form of payment and credit

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What is a Bill of Lading?

Date: 2015-12-24; view: 1028