Unit 2 - Chapter 3 revision

A method of dispute resolution.

•  Arbitration

• Force Majeure

• Governing Law

• Quality specifications

A document that specifies the quality requirements for a product.

• Bill of lading

• Certificate of origin

• Commercial invoice

• Quality specifications

Which of the following is a term that means "cannot be cancelled"?

• Irrevocable

• Quantity

• Take effect

• Discharge port

Which of the following is an organization that provides arbitration services?

• Vietnam International Arbitration Centre

• International Chamber of Commerce

• Loading port

• Stowage plan

A document that provides information about the stowage of cargo on a vessel.

• Shipping documents

• Bill of lading

• Certificate of origin

• Stowage plan

A document that guarantees payment to the seller.

• Letter of Credit

• Commercial invoice

• Incoterm

• Export commodity name

Which of the following is a set of international trade terms?

• Incoterm

• Product inspection

• Letter of Credit

• Commercial invoice

A document that certifies the origin of goods.

• Bill of lading

• Certificate of origin

• Commercial invoice

• Incoterm

A term that refers to the port where goods are loaded onto a vessel.

• Loading port

• Discharge port

• Stowage plan

• Shipping documents

Force majeure clauses can only excuse a party from their obligations if the event is completely unforeseeable.

• True

• False