Free Online Course in International Business

Knowledge Statement

Knowledge of Documentation Requirements (Commercial Invoices, Transport Documents and Documents Relating to Services)

Activities

Activity 1

Using the International Documentation Listing provided, identify the documents that are issued by an

·        importer.

·        exporter.

Identify what each of the documents is used for.

Activity 2

Using the International Documentation Listing provided, identify the documents that are used by

·        importing customs.

·        banks.

Identify what each of the documents is used for.

Assessment

1.                     The bill of lading's general purpose is to

a.      prove ownership of the goods & facilitate transportation.

b.      prove the goods were received in good condition.

c.       prove the shipper is paying for the freight.

d.      prove the buyer is paying for the freight.

2.                     The documents required for every US import and export are

a.      commercial invoice, packing list, bill of lading.

b.      commercial invoice, certificate of origin, packing list.

c.       commercial invoice, certificate of origin, import license.

d.      commercial invoice, packing list, import license.

3.                     The commercial invoice

a.      is the bill of sale and required for all shipments.

b.      specifies title to the product/service.

c.       is a negotiable instrument.

d.      is not as important in international transactions as it is domestically.

4.                     It is important for the international manager to know who _______________________ international documents.

a.      issues and uses

b.      issues

c.       uses

d.      uses and requests

(Correct answers are bold and are always answer a.)