TOPIC 2_The process of Internationalization and international

The Bill of Lading is one of the most important documents in an international transaction.Known as the boarding pass.

• True

• False

WHICH ONE IS NOT A REQUIRED DOCUMENT FOR AN INTERNATIONAL OPERATION?

• DUA

• PACKING LIST

• CERTIFICATE OF ORIGIN

• HS CODE

The packing list must indicate the contents, weight and measurements of each package (cargo details).

• True

• False

• True, but it is not necessary in the export activity

The world classification of goods at international level contains 6 digits.

• True

• False

Incoterms (International Commercial Terms) are laws, used in buying and selling operations between companies from different countries.

• True

• False

Which one is not a function of the incoterms:

• To identify the point of collection of the goods.

• To define the distribution of export and import costs, expenses and risks.

• To establish the details and dimensions of the goods.

• To declare who is in charge of customs clearance or customs formalities

EXW - Ex Works: exporter delivers the cargo to the buyer in his own warehouse

• True

• False

CFR (Cost and Freight): The seller is responsible for all costs and insurance until the merchandise reaches the port of destination,

• True

• False

DDP - (Delivered Duty Paid).The seller will pay all the expenses and risks that take place from its warehouse until the merchandise reaches its final destination.

• True

• False

In which incoterm the seller bears all risks and expenses except import clearance, taxes and duties at destination?