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Partone:Pleasefillintheblankswiththewordsandphrasesinthetext1.Therearethreeoriginalpartiestoabillofexchange:the________,the_____andthe_______.2.AccordingtoC.I.C,therearethreebasicperilscoveragefortheoceantransportation,theyare________,________and________.3.An_______isacreditthatisadvisedtothebeneficiarywithanotherbank’sconfirmationaddedthereto.4.EachoriginalB/Lisnegotiable,butwhenonehasbeennegotiated,theothersbecome________.5.Whentheshippingcompanyreceivesgoodsthataredamagedorinpoorconditionsothattheymightnotsurviveoceanvoyage,thisisnotedonthe_______,whichthenbecomean_______.6.AccordingtoIncoterms2010,thefollowingtradetermsbelongtotheactualdelivery:______,_______,________and_______.7.Inthebusinessofremittance,therearefourpartiesinvolved,theyare:_______,_______,_______and_______.8.Thecriticaltwostepsofreachingacontractinclude_______and_______.9.Therearetwooriginalpartiestoapromissorynote:the________,andthe_______.10.AccordingtoI.C.C.,therearethreebasicperilscoveragefortheoceantransportation,theyare________,________and________.11.AccordingtoIncoterms2010,thefollowingthefollowingtradetermsbelongtotheactualdelivery:______,_______,________and_______.12.AccordingtoIncoterms2010,thefollowingtradetermscanonlybeusedintheoceantransportion:_______,_______,_______and_______.13.Inthebusinessofcollection,therearefourpartiesinvolved,theyare:_______,_______,_______and_______.14.Themostcommonlyusedtradetermsintheinternationaltradeare_______,_______and_______.1.drawerdraweepayee2.F.P.A.W.P.A./W.A.AllRisks3.confirmedL/C14.void5.B/LuncleanB/L6.EXWDAPDATDDP7.RemitterRemittingBankReceivingBankPayee8.anofferanacceptancePartTwo:TrueorFalsequestions.1.(F)Writtenformofcontracthasalotofadvantagesindisputesresolving,soeverycontractshouldbeconductedinwrittenform.2.(T)BoththesalescontractandL/Carethelegaldocumentswhichbinduponboththebuyerandthesellerandbindupontheopeningbankandthebeneficiary,respectively.3.(T)Whethersalebybuyer’ssampleorbyseller’ssample,thequalityofthecommoditiesshouldbestrictlythesameasthesample.Otherwise,itshouldbestipulatedinthecontractclearly.4.(T)EXWinIncoterms2010isthetradetermunderwhichtherisksofthesellerareinminimum.5.(F)Ifthepaymentistobemade“30day’ssight”,itmeansthatthepaymentwillhavetobemade30daysaftertheissuingofthisdraft.6.(T)Containerizations,themostpopularformofphysicalinternationaldistribution,cansubstantiallyreducecostsandraiseservicequalityintheinternationaltransit.7.(F)TheinsurancecoverageofICC(A),ICC(B),andICC(C)isroughlythesameasthatofFPA,WPA,AllRisksunderCICrespectively.8.(T)Oncemade,thearbitralawardisthefinaldecisionandhastheforceoflaw.9.(F)Theexportgoodsshallbeinspectedaftershipment.10.(T)Accordingtotheusualpractice,theinsuredamount,ifnotspecifiedinthesalescontract,willbe110%ofCIForCIPprice.11.（T）EXWinIncoterms2010isthetradetermunderwhichtherisksofthesellerareinminimum.12.（F）“USD200perM/TCIFC2London”meansthattheSellerwillreceive200USdollarsforpermetricton.213.（F）Countersamplecanhelpavoiddisputesoverthequantityofgoodsinthefuturetransaction.14.（T）Fortermsmarkedwith“W/M”,thefreightistobecalculatedonthebasisofeitherweighttonormeasurementton,subjecttothehigherrate.15.（F）Inmostcases,whileportofshipmentandportofdestinationarestipulatedinthecontract,twoormoreofeacharestatedtoprovidemoreoptionsforeitherbuyersorsellers.16.（F）UnderFOBterm,thesellershouldnotifythebuyerofthecargoreadinessatleast30daysbeforethetimeofshipmentsothatthebuyercanhaveenoughtimetochartershipsandsendthemtotheshipmentportintime.17.（T）Cargotransportinsuranceisusuallytakenouton“warehousetowarehouse”basis.18.（F）TheinsurancecoverageofICC(A),ICC(B),andICC(C)isroughlythesameasthatofFPA,WPA,AllRisksunderCIC,respectively.19.（F）Sofar,documentarycreditsarethemostidealmethodofpaymenttoprovidesecurityforbothbuyersandsellers.Therefore,inwhateverconditions,L/Cshouldbethefirstconsiderationinthemethodofpaymentfortransactions.20.（F）UnderthetermsofD/A,itisthebankinexporter’scountrywhomakesacceptancetothedraftanddeliversthedocumentstotheimporter.21.（T）Importcommoditysubjecttolegalinspectioncannotbemarketedorusedbeforebeinginspected.22.（T）UnderthetermsFOB,CIFandCFR,therisksoflossofordamagestothegoods,aswellasanyadditionalcostsduetoeventsoccurringafterthetimethegoodshavebeendeliveredonboardthevessel,istransferredfromthesellertothebuyer..23.（T）Ifonepartyviolatesstipulationspackingterms,theotherpartyshallhavetherighttorejectthegoodsandclaimforthelosses.24.（F）Neutralpackingisadoptedtobreaktariffandnon-tariffbarriersofsomeimportingcountries,andtendtobewidelyadoptedbymanycountries.25.（T）Whenthechattererfailstoloadorunloadthegoodswithinthestipulatedperiodoftime,hehastopaydemurragetotheship-owner.326.（F）CFRisthetermwhentheconsignmentisdeliveredwithallthechargesuptoarrivalattheportofdestinationpaidbytheSeller.27.（F）CPTisthemostappropriatetermwhenthesellermustpaythecostandfreightnecessarytobringthegoodstothenamedportofdestinationbyaroll-on/roll-offvessel.28.（F）Whenthesellerpaysforthegoodstobeplacedalongsidethevesselonthequayorinlightersatthenamedportofshipment,thet