Which of the two assertions are true and which are false?
A) In order to be registered joint ventures and business representations should submit: Documents to be submitted by the foreign investor or his mother
B) In order for their affiliates to be registered joint ventures and business representations should submit: Un-notarized copies of the documents of the company setting up its affiliate:
Which of the two assertions are true and which are false?
A) Two pictures should be stapled to the copy of the passport page and one to the marked space at the upper right-hand corner of the application form
B) Paperwork submitted in a different manner will not be accepted
Which of the two assertions are true and which are false?
A) There are five basic ways in which tariffs may be levied
B) A specific tariff is levied as a fixed charge per unit of imports. For example, the US government levies a 5.1 cent specific tariff on every wristwatch imported into the US
Which of the two assertions are true and which are false?
A) Absolute quotas are generally administered on a first-come last-served basis.
B) In the US in 1996, milk, cream, brooms, ethyl alcohol, anchovies, tuna, olives and durum wheat were subject to tariff-rate quotas
Which of the two assertions are true and which are false?
A) According to the established common practice, official organizations in the Russian Federation may not accept foreign documents if they are not accompanied by a certified translations
B) Many organizations require certified translations to be legalized by consular offices of the Russian Federation in the countries where the documents originated
Which of the two assertions are true and which are false?
A) Ad valorem” is Latin for “on value” or “in proportion to the value.”
B) If $100,000 worth of autos are imported, and The US levies a 2.5% ad valorem tariff on imported automobiles, the US government collects $6,500 in tariff revenue
Which of the two assertions are true and which are false?
A) After you receive your visa please check it for mistakes (passport number, date of birth, term of validity) and, if you find them, pretend they don’t exist
B) The Consulate will not be responsible for any mistakes in the visas, which were not brought to its attention prior to departure from the USA
Which of the two assertions are true and which are false?
A) All amendments and alterations in the Incorporation Documents of the registered companies with foreign investments, as well as information about their liquidation shall be submitted to the registration body no later than 30 days after they were approved
B) The above-said alterations and amendments shall come into force only after they have passed state registration
Which of the two assertions are true and which are false?
A) Alternatively, the deal may be arranged through an importer’s buying agent or a buying house acting for the importer, or through an export house based in the exporter’s country, or simply mafia will help
B) The exporter may sell illegal goods directly to a company in his own country, who will then export the goods by pirate chanals
Which of the two assertions are true and which are false?
A) An export tax is a tax collected on exported goods
B) As with tariffs, export taxes can be set on a specific or an ad valorem basis
Which of the two assertions are true and which are false?
A) An import tariff is a tax collected on domestic goods
B) Tariff is never used in a non-trade context
Which of the two assertions are true and which are false?
A) An import/export transaction usually requires no complicated documentation
B) Many different arrangements have to be made and this can be difficult when one firm is dealing with another firm on the other side of the world
Which of the two assertions are true and which are false?
A) Any goods, including drugs and women may be sold under the duty free shop customs treatment
B) The free customs zone and free warehouse are parts of the customs where anyone can cross the border without a passport or their baggage checked
Which of the two assertions are true and which are false?
A) At one time, tariffs were perhaps the most commonly applied trade policy. Many countries used tariffs as a primary source of funds for their government budgets
B) As trade liberalization advanced in the second half of the twentieth century, many other types of non-tariff barriers became more prominent
Which of the two assertions are true and which are false?
A) Brazil imposed a 60% export tax on sugar in 1996
B) In December 1995 the EU imposed a $32 per ton export tax on wheat
Which of the two assertions are true and which are false?
A) By encouraging exports, the government will reduce the domestic supply and eliminate the need for the government to purchase the excess
B) It is in these situations, or to avoid these situations, that export subsidies are sometimes used
Which of the two assertions are true and which are false?
A) Commodities eligible under EEP initiatives are wheat, wheat flour, semolina, rice, frozen poultry, frozen pork, barley, barley malt, table eggs as well as oil and gas
B) As a result of Uruguay round commitments, the US has established annual export subsidy quantity ceilings by commodity and minimum budgetary expenditures
Which of the two assertions are true and which are false?
A) Companies whose volume of foreign investments exceeds 100 Rubles ( at the rate on the day of registration) shall have to be registered with the Russian Agency on International Cooperation and Development
B) Please be advised that the United States and the Russian Federation are signatories to the Hague Convention of October 5, 1961.
Which of the two assertions are true and which are false?
A) Consequently the seller contracts for insurance and pays the insurance premium
B) The buyer should note that under the CIF term the seller is required to obtain insurance on maximum cover
Which of the two assertions are true and which are false?
A) Correct use of Incoterms goes a long way to providing the legal certainty upon which mutual confidence between business partners must be based
B) To be sure of using Incoterms correctly, trade practitioners don’t need to consult the full ICC texts
Which of the two assertions are true and which are false?
A) Cost, insurance and freight means that the seller delivers when the goods pass the ship’s rail in the port of shipment
B) The seller must pay costs and freight necessary to bring the goods to the named port of destination but the risk of loss of or damage to the goods as well as any additional costs due to events occurring after the time of delivery, are transferred from the seller to the buyer
Which of the two assertions are true and which are false?
A) Different tariffs are generally applied to different commodities
B) Governments rarely apply the same tariff to all goods and services imported into the country
Which of the two assertions are true and which are false?
A) Documents can never be replaced with computerized procedures
B) Standard ‘aligned’ export documentation is also used: the required information is entered on a single master document and then photocopied to produce all the required documents and fake passports
Which of the two assertions are true and which are false?
A) Export of goods is a customs treatment under which goods are exported outside the customs territory of the Russian Federation without any obligations on their import to this territory
B) Export of goods is carried out with the provision of paying export customs duties and other customs payments
Which of the two assertions are true and which are false?
A) Export subsidies are payments made by the government to encourage the import of specified products
B) As with taxes, subsidies can be levied only on ad valorem basis
Which of the two assertions are true and which are false?
A) Few countries employ export taxes
B) Indonesia applies taxes on exports of fashion models
Which of the two assertions are true and which are false?
A) Furthermore, due to the different forms of execution of Apostille in Russia (seal) and in the United States (certificate), receiving organizations in Russia may ask for additional proof of proper legalization
B) The commodity classifications are based on the international Harmonized Commodity Coding and Classification System (or the Harmonized System) established by the World Health Organisation
Which of the two assertions are true and which are false?
A) Generally speaking, average tariff rates are less than 20% in most countries, although they are often quite a bit higher for agricultural commodities. In the most developed countries, average tariffs are less than 10%, and often less than 5%
B) On average, less developed countries maintain very low tariff barriers
Which of the two assertions are true and which are false?
A) If a quota is set at or above the free trade level of imports then it is referred to as a binding quota
B) Goods that are illegal within a country effectively have no quota set
Which of the two assertions are true and which are false?
A) If you wish to extend your visa, you should get a new invitation from the same organization that issued the previous invitation and submit it with the visa to the Consulate of another country
B) The British Consulate charge $60 plus some nice present for visa extension and correction of each mistake which they are not responsible for
Which of the two assertions are true and which are false?
A) Import quotas are limitations on the quantity of goods that can be exported from the country during a specified period of time
B) An import quota is typically set below the free trade level of imports. In this case it is called a binding quota
Which of the two assertions are true and which are false?
A) In 1971 President Nixon, in a last-ditch effort to save the Bretton-Woods system of fixed exchange rates, imposed a 100% ad valorem tariff on all imported goods from IMF member countries
B) Incidents such as this are uncommon
Which of the two assertions are true and which are false?
A) In order to be registered joint ventures and business representations should submit proof of the legal status
B) In order to be registered joint ventures and business representations should submit: verbal application of the founders requesting registration of the joint venture to be set up
Which of the two assertions are true and which are false?
A) In order to be registered joint ventures and business representations should submit: a printed copy of permission to open the representative office
B) In order to be registered joint ventures and business representations should submit: Information file about the representative office (issued the State Registration Chamber)
Which of the two assertions are true and which are false?
A) In order to be registered joint ventures and business representations should submit: Application signed by the head of the company for setting up an affiliate, requesting registration
B) In order to be registered joint ventures and business representations should submit: The following documents are required to register affiliates of companies with foreign investments and affiliates of foreig legal entities
Which of the two assertions are true and which are false?
A) In order to be registered joint ventures and business representations should submit: Bank certificate or another document containing information about the firm’s solvency
B In order to be registered joint ventures and business representations should submit: Certificate about registration or the entire Trade Register confirming the fact of registration of the firm
Which of the two assertions are true and which are false?
A) In order to be registered joint ventures and business representations should submit: Conclusions of relevant examinations that the can carry out themselves
B) In order to be registered joint ventures and business representations should submit: Verbal application of the founders requesting registration of the joint venture to be set up
Which of the two assertions are true and which are false?
A) In order to be registered joint ventures and business representations should submit: Document testifying to the foreign investor’s solvency issued by the local Italian dealer, named Tony
B) In order to be registered joint ventures and business representations should submit: Statement from the trade register of the country of origin or other adequate proof of the legal status (or the status of the entrepreneur for physical persons) of the foreign investor in accordance with the legislature of his country’s location, citizenship or permanent residence. It can be issued by the Mafia and Tony will deliver it
Which of the two assertions are true and which are false?
A) In order to be registered joint ventures and business representations should submit: Documents to be submitted by Russian legal entities
B) In order to be registered joint ventures and business representations should submit: Notarized copy of the foundation documents for each legal entity participating in the establishment of the joint venture
Which of the two assertions are true and which are false?
A) In order to be registered joint ventures and business representations should submit: Extract from the Trade Register of the country of origin or any other equivalent proof of the legal status (or the status of the entrepreneur for physical persons) of the foreign investor in conformity with the legislature of the country of his location, citizenship or permanent residence
B) In order to be registered joint ventures and business representations should submit: By-laws or status of the firm (or another adequate document replacing the said documents in accordance with the requirements of the country where the firm wasn’t registered)
Which of the two assertions are true and which are false?
A) In order to be registered joint ventures and business representations should submit: Letters of recommendation from the Russian partners
B) In order to be registered joint ventures and business representations should submit: Document confirming the legal address of the representative office
Which of the two assertions are true and which are false?
A) In order to be registered joint ventures and business representations should submit: Notarized copies of the charter documents in two copies
B) In order to be registered joint ventures and business representations should submit: Conclusion of relevant examinations. It could be fake, all right
Which of the two assertions are true and which are false?
A) In order to be registered joint ventures and business representations should submit: Notarized copy about the status of the affiliate (in nine copies)
B) In order to be registered joint ventures and business representations should submit: Notarized copy of the extract from the decision of the competent body of management of the company about the establishment of the affiliate
Which of the two assertions are true and which are false?
A) In order to be registered joint ventures and business representations should submit: Notarized copy of the decision of the property owner about the establishment of the joint venture or a copy of the authorized body or the body of the company’s manager
B) In order to be registered joint ventures and business representations should submit: Documents to be submitted by the foreign investor
Which of the two assertions are true and which are false?
A) In order to be registered joint ventures and business representations should submit: Notarized copy of the incorporation documents (in twenty two copies)
B) In order to be registered joint ventures should submit: Notarized copy of the incorporation documents (in two copies)
Which of the two assertions are true and which are false?
A) In order to be registered joint ventures and business representations should submit: Power of attorney issued by the representative office, authorizing to represent the company in its relations with the State Registration Chamber
B) In order to be registered joint ventures and business representations should submit: Written application for entering into the Composite Register (in optional form)
Which of the two assertions are true and which are false?
A) In order to be registered joint ventures and business representations should submit: The decision of the firm to open a kindergarten on the territory of the Russian Federation
B) In order to be registered joint ventures and business representations should submit: Regulation about representative offices of foreign companies
Which of the two assertions are true and which are false?
A) In order to be registered joint ventures and business representations should submit: To accredit a representative office of a foreign company at the State Registration Chamber the following documents should be submitted
B) In order to be registered joint ventures and business representations should submit: The decision of the boss and his wife to open a representative office on the territory of the Russian Federation
Which of the two assertions are true and which are false?
A) In order to be registered joint ventures and business representations should submit: verbal application of the founders requesting registration of the joint venture to be set up
B) In order to be registered joint ventures and business representations should submit: the Trade Register or any other document confirming registration of the foreign company
Which of the two assertions are true and which are false?
A) In order to be registered joint ventures and business representations should submit: Written application for registration of a foreign investor
B) In order to be registered joint ventures and business representations should submit: Notarized copy of the incorporation documents (in two copies)
Which of the two assertions are true and which are false?
A) In order to be registered joint ventures and business representations should submit: Written application indicating the name of the firm, the date of its establishment, location, object of activity, names of the employees and their wives, husbands, sisters, brothers, parents and children
B) In order to be registered joint ventures and business representations should submit: Power of attorney issued to the foreign firm’s representative for opening a kindergarten for the firm on the territory of the Russian Federation
Which of the two assertions are true and which are false?
A) In recent years the US government has made annual outlays of over $100.000 billion in its agricultural Export Enhancement Program (EEP) and its Dairy Export Incentive Program (DEIP)
B) The EU has spent over $6 billion annually to encourage exports of its agricultural and dairy products
Which of the two assertions are true and which are false?
A) In the case of 2.5% fixed tariff levied, $2500 is collected whether two $50,000 BMWs are imported or ten $10,000 Hyundais
B) An ad valorem tariff is levied as a percentage of the value of the commodity imported
Which of the two assertions are true and which are false?
A) In the US most quotas are administered the US Customs Service
B) The exceptions include dairy products, administered by the Department of Agriculture and watches and watch movements, administered by the Departments of the Interior and the Commerce Department
Which of the two assertions are true and which are false?
A) In the US, export taxes are unconstitutional since the US constitution contains a clause prohibiting their use
B) Export tax prohibition in the US was imposed due to the concerns of Southern cotton producers who exported much of their product to the northern states
Which of the two assertions are true and which are false?
A) Instead of one tariff rate, countries have a tariff schedule which specifies the tariff collected on two or three goods or services
B) The schedule of tariffs charged in all import commodity categories is called the Harmonized Tariff Schedule of the United Nations
Which of the two assertions are true and which are false?
A) Madagascar applies taxes on vanilla, coffee, pepper and marihuana
B) Russia uses export taxes on petroleum
Which of the two assertions are true and which are false?
A) Many import or export deals are arranged through an exporter’s agent or distributor abroad - in this case the importer buys from a company in his own country and this company imports the goods
B) Prices for exports may be quoted in the buyer’s currency, the seller’s currency or in a third ‘soft’ currency
Which of the two assertions are true and which are false?
A) Occasionally both a specific and an ad valorem tariff are levied on the same product simultaneously
B) This is known as a three-part tariff
Which of the two assertions are true and which are false?
A) One common method of regulating economy is the imposition of price floors on specified commodities
B) When there is excess supply at the floor price, however, the government must stand ready to dump the excess in a river or lake
Which of the two assertions are true and which are false?
A) One method never used to measure the degree of protectionism within an economy is the average tariff rate
B) Since tariffs generally reduce imports of foreign products, the higher the tariff, the greater the protection afforded to the country’s import-competing industries
Which of the two assertions are true and which are false?
A) One of the main export subsidy programs in the US is called the Export Enhancement Program (EEP)
B) Its stated purpose is to help US farmers compete with farm products from other subsidizing countries, especially Ethiopia and Burundi
Which of the two assertions are true and which are false?
A) Please follow a specific pattern when submitting your papers
B) The original passport page should be trimmed to the size of the original and stapled to the upper left-hand corner of application form
Which of the two assertions are true and which are false?
A) Processing time, requirements and fees are subject to change without notice
B) If you need more information please call the visa center at (202) 939-8913, 8918 Monday-Sunday from 9 a.m. till 12:30 p.m. and from 2:30 p.m. till 6 p.m
Which of the two assertions are true and which are false?
A) purchases of excess products are never stored for future distribution
B) The EEP’s major objectives are to challenge unfair trade practices, to expand U.S. agricultural exports, and to encourage other countries exporting agricultural commodities to grow bananas everywhere
Which of the two assertions are true and which are false?
A) Quotas are always set globally and thus affect all imports
B) Absolute quotas limit the quantity of imports to a specified level in wartime
Which of the two assertions are true and which are false?
A) Quotas exist on peanuts, cotton, sugar and syrup
B) The duty free shop is a store in Sheremetyevo-2 where customs officers buy and sell booze, pot and even cocaine
Which of the two assertions are true and which are false?
A) The amount of excess products the government must purchase can’t exceed the available storage capacity
B) In the case of storage capacity being exceeded by purchased goods, the government must either build more storage facilities, at some cost, or devise an alternative method to dispose of the surplus inventory
Which of the two assertions are true and which are false?
A) The CIF term requires the seller to clean the goods before export
B) The term can only be used for sea and inland waterway transport. If the parties do not intend to deliver the goods across the ship’s rail, the CIP term should be used
Which of the two assertions are true and which are false?
A) The goods, the sale of which on the territory of the Russian Federation is limited, may be sold under the duty free shop customs treatment only on condition part of them is given to the customs officers as a present
B) The goods under the duty free shop customs treatment are directly sold in special shops
Which of the two assertions are true and which are false?
A) The most common product groups where export subsidies are applied are agricultural and oil products
B) Most countries have income support programs for their nation’s farmers
Which of the two assertions are true and which are false?
A) The price quoted always indicates the terms of delivery, which may not conform to the international standard Incoterms
B) The terms of delivery that are most common depend on the kinds of goods being traded and the countries between which the trade is taking place
Which of the two assertions are true and which are false?
A) The table in the Unit provides a list of average tariff rates in selected countries around the world
B) Tariff rates were all taken from the WTO’s trade policy review summaries. More details about the trade policies of these countries can be found at the WTO’s website
Which of the two assertions are true and which are false?
A) There are two basic types of quotas: absolute quotas and tariff-rate quotas
B) Tariff-rate quotas allow a specified quantity of drugs and alcohol to be imported at a reduced tariff rate during the specified quota period
Which of the two assertions are true and which are false?
A) These are often motivated by national security or self-sufficiency considerations
B) Farmers’ incomes are maintained by restricting domestic supply, raising domestic demand, or a combination of the two
Which of the two assertions are true and which are false?
A) Thus, if 1000 watches are imported, the US government collects $51 in tariff revenue.
B) In this case, $51 is collected whether the watch is a $60 Swatch or a $5000 Rolex
Which of the two assertions are true and which are false?
A) Visa documents in the British Consulate are accepted until 12:15 p.m. only
B) In accordance with the Convention, in order for U.S. documents to be valid in Russia, they must bear an Apostille
Which of the two assertions are true and which are false?
A) Visa section in the British Consulate is open for visitors Monday through Sunday from 9 a.m. till 12:30 p.m. only
B) State registration of companies with foreign investments is carried out by the administration of the city or district on the territory of which the company is located, or by any other administration of any other city or district
Which of the two assertions are true and which are false?
A) When exported, the goods are exempted from taxes, or the amounts of taxes paid are to be reimbursed in accordance with the fiscal legislation of the Russian Federation
B) When releasing goods within the frame of the export customs treatment, they are to be exported outside the customs territory of the local airport
Which of the two assertions are true and which are false?
A) Wristwatches imported into the US face the 5.1 cent specific tariff as well as a 6.25% ad valorem tariff on the case and the strap and a 5.3% ad valorem tariff on the battery
B) Many quotas are filled shortly after the closing of the quota period

Choose the right preposition: . Devised and published ________ the International Chamber of Commerce, they are at the heart of world trade
Choose the right preposition: Important Notes Regarding Legalization of Documents by Russian Consular Offices ________ the U.S.A
Choose the right preposition: A completed visa application form (one per person) available …the Consulate or from the Consulate or from the Travel agencies and visa services
Choose the right preposition: A good listed in Appendix 703.2.B.7 is also exempt ________ quantitative restrictions and is eligible for NAFTA preferential tariff treatment if it meets the definition of “qualifying good” in Section A of Annex 703.2.
Choose the right preposition: Certain automatic data processing goods and their parts, specified .. Annex 308.1. that do not originate in (the territory are considered originating upon importation into the territory of a NAFTA country from the terntory of another NAFTA country
Choose the right preposition: Certain non-originating materials do not undergo the required change ________ tariff classification
Choose the right preposition: Constituent documents ________ joint-stock companies with foreign investment, not compliant with the aforementioned Law before July 1, 1997, shall be considered null and void
Choose the right preposition: Copies of the pages of the passport that contain personal data of the bearer, or any other valid travel document which contains the personal date .. the bearer
Choose the right preposition: Correct use of Incoterms goes a long way ________ providing the legal certainty upon which mutual confidence between business partners must be based
Choose the right preposition: Documents ________ Apostille do not require any further legalization
Choose the right preposition: For all other originating goods exported to Canada, indicate appropriately “MX” or “US” if the goods originate in that NAFTA country, within the meaning of the NAFTA Rules of Origin Regulations, and any subsequent processing in the other NAFTA country does not increase the transaction value ________ the goods by more than 7%, otherwise indicate as “JNT” for joint production.
Choose the right preposition: For each good described in field 5. state “YES” if you are the pioducer of the good. If you are not the producer of the good, state “NO” followed …(1),(2), or (3), depending on whether this certificate was based upon
Choose the right preposition: For each good described ________ Field 5, where the good is subject to a regional value content (RVC) requirement, indicate “NC” if the RVC is calculated according to the net cost method, otherwise, indicate “NO”
Choose the right preposition: Furthermore, due ________ the different forms of execution of Apostille in Russia (seal) and in the United States (certificate), receiving organizations in Russia may ask for additional proof of proper legalization
Choose the right preposition: Goods are produced ________ the territory of one or more of the NAFTA countries but do not meet the applicable rule of ongin, set out in Annex 401
Choose the right preposition: However, this is course is not recommended because the latest version is designed to bring Incoterms into line with the latest developments ________ commercial practice
Choose the right preposition: Identify the name of the country (“MX” or ‘US’ for agricultural and textile goods exported ________ Canada. ‘US’ 01 “CA” foi all goods exported to Mexico; or “CA” or “MX” for all goods exported to the United States) to which the pteferendai rate of customs duty applies, as set out in Annex 302.2, in accordance with the Marking Rules or in each Party’s schedule of tariff elimination
Choose the right preposition: If the RVC is calculated according to the net cost method …a perod of time, ftirther identify the beginning and ending dates (DO/MMfYY) of that period. (Reference. Articles 402.1, 402.5)
Choose the right preposition: In compliance with the Russian Federal Law of December 26, 1995 “On Joint-Stock Companies” (in effect since January 1, 1996) constituent documents of joint-stock companies with foreign investment founded before January 1, 1996, are subject ________ adjustment to the standards of the aforementioned Federal Law before July 1, 1997
Choose the right preposition: In the Russian Federation the registration (renewal of registration) of companies ________ foreign investment, including joint ventures, wholly owned foreign companies, branches, representative offices, is handled by the Russian State Registration Chamber
Choose the right preposition: In view of the above, it is advised that the documents intended ________ use in Russia must be certified as to the accuracy of translation and proper legalization at the consular offices of the Russian Federation
Choose the right preposition: Incoterms are standard trade definitions most commonly used ________ international sales contracts
Choose the right preposition: Many organizations require certified translations to be legalized ________ consular offices of the Russian Federation in the countries where the documents originated
Choose the right preposition: Most contracts made after 1 January 2000 will refer to the latest edition of Incoterms, which came into force ________ that date
Choose the right preposition: Nonetheless, according ________ the established common practice, official organizations in the Russian Federation may not accept foreign documents if they are not accompanied by a certified translations
Choose the right preposition: Please be advised that the United States and the Russian Federation are signatories to the Hague Convention of October 5, 1961. In accordance with the Convention, in order for U.S. documents to be valid in Russia, they must bear an Apostille - certificate confirming the capacity of the government official signing the document, authenticity of the signature and, where appropriate, of the seal or stamp ________ the document
Choose the right preposition: Since then, ICC expert lawyers and trade practitioners have updated them six times to keep pace ________ the development of international trade
Choose the right preposition: The correct reference is ________ “Incoterms 2000”
Choose the right preposition: The English text is the original and official version of Incoterms 2000, which have been endorsed by the United Nations Commission on International Trade Law (UNCITRAL). Authorized translations into 31 languages are available ________ ICC national committees
Choose the right preposition: The expert companies have to be certified ________ the Russian State Registration Chamber to provide services concerned with processing and expertise of foreign documents intended for use in the Russian Federation
Choose the right preposition: The good incorporated one or more non-originating materials, provided ________ as parts under the US. which could not undergo a change in tariff classificaton because the heading provided for both the good and its parts and was not further subdivided into subheadings, or the subheading provided for both the good and its parts and was not further subdivided
Choose the right preposition: The good is an onginating agricultural good under preference criterion A, B or C above and is not sutaiect to a quantitative restriction ________ the importing NAFTA country
Choose the right preposition: The good is produced entirely in the territory of one or more of the NAFTA countries exclusively ________ originating materials
Choose the right preposition: The good is produced entirely ________ the territory of one or more of the NAFTA countries and satisfies the specific rule or origin, set out in Annex 401, that applies to its tariff
Choose the right preposition: The good is “wholly obtained or produced entirely” in the territory of one or more of the NAFTA countries, as referred ________ in Artide 415.
Choose the right preposition: The good must also satisfy all other applicable requirements ________ Chapter Four. If the good is an agricultural good, see also criterien F and Annex 703.2. (Reference. Article 401
Choose the right preposition: The good was imported into the territory of a NAFTA country in an unassembled or disassembled form but was classified as an assembled good, pursuant ________ MS General Rule of Interpretation
Choose the right preposition: The rule may include a tariff classification change, regional value-content requirement or a combination ________ those
Choose the right preposition: This criterion does not apply ________ goods that wholly originate in Canada or (the United States and are imported into either country
Choose the right preposition: This criterion is limited ________ the following two circumstances
Choose the right preposition: This field must be completed, signed and dated ________ the exporter, when the Certificate is completed by the producer for use by the exporter, it must be completed, signed and dated by the producer
Choose the right preposition: To be sure of using them correctly, trade practitioners need to consult the full ICC texts, and to beware of the many unauthorized summaries and approximate versions that abound ________ the web
Choose the right preposition: To ensure compliance of the documents submitted by foreign companies with applicable provisions ________ the Russian Federal Laws, the Hague Convention of 1961, and the Regulations of the Russian State Registration Chamber, the new registration procedures involve the services of specially selected expert companies
Choose the right preposition: Unless the parties decide otherwise, earlier versions of Incoterms - like Incoterms 1990 - are still binding if incorporated in contracts that are unfulfilled and date ________ before 1 January 2000
Choose the right preposition: Versions of Incoterms preceding the 2000 edition may still be incorporated ________ future contracts if the parties so agree
Choose the right preposition: ________ accordance with the Law of the Russian Federation of July 4, 1991 “On Foreign Investment in the RSFSR” and the Order of the State Registration Chamber of February 7, 1996 “On Procedure of Registration of Joint-Stock Companies with Foreign Investment” a foreign investor must submit a set of documents confirming the incorporation and solvency of the foreign investor
Choose the right preposition: ________ the best known Incoterms are EXW (Ex works), FOB (Free on Board), CIF (Cost, Insurance and Freight), DDU (Delivered Duty Unpaid), and CPT (Carriage Paid To).
Choose three possible answers: As a result of Uruguay round commitments, the US has established annual export subsidy quantity ________ by commodity and maximum budgetary expenditures
Choose three possible answers: As with taxes, subsidies can be ________ on a specific or ad valorem basis
Choose three possible answers: Export subsidies are payments made by the government to ________ the export of specified products
Choose three possible answers: In recent ________ the US government has made annual outlays of over $1 billion in its agricultural Export Enhancement Program (EEP) and its Dairy Export Incentive Program (DEIP)
Choose three possible answers: Most countries have income support ________ for their nation’s farmers
Choose three possible answers: The EEP’s major objectives are to challenge unfair trade practices, to ________ U.S. agricultural exports, and to encourage other countries exporting agricultural commodities to undertake serious negotiations on agricultural trade problems
Choose three possible answers: The EU has spent over $4 billion annually to ________ exports of its agricultural and dairy products
Choose three possible answers: The most ________ product groups where export subsidies are applied are agricultural and dairy products
Choose three possible answers: These are often motivated by ________ security or self-sufficiency considerations
Choose three possible answers: ________ eligible under EEP initiatives are wheat, wheat flour, semolina, rice, frozen poultry, frozen pork, barley, barley malt, table eggs, and vegetable oil
Choose two possible answers: Any goods may be ________ under the duty free shop customs treatment
Choose two possible answers: Any goods, ________ goods prohibited to be imported to the Russian Federation or exported from the Russian Federation as well as other goods the list of which is specified by the State Customs Committee of the Russian Federation, may be placed under the customs warehouse treatment
Choose two possible answers: However additional costs that may result from events ________ subsequent to shipment and dispatch are necessarily for the account of the buyer
Choose two possible answers: However it must be ________ that the “C”-terms are of the same nature as the “F”-terms in that the seller fulfils the contract in the country of shipment or dispatch
Choose two possible answers: However, it is advisable not to use abbreviations added to the “C”-terms unless, in the relevant trade, the meaning of the abbreviations is clearly understood and ________ by the contracting parties or under any applicable law or custom of the trade
Choose two possible answers: If it is customary to procure several contracts of carriage involving transhipment of the goods at intermediate places in order to reach the agreed destination, the seller would have to pay all these …
Choose two possible answers: If the seller has to provide a contract of carriage which involves payment of duties, taxes and other charges, such costs will, of course fall upon the seller, to the extent that they are for his account under the …
Choose two possible answers: In other cases the word “landed” is ________ after CFR or CIF terms
Choose two possible answers: In particular the seller should not – and indeed could not, without changing the very nature of the “C”-terms – undertake any obligation with respect of the arrival of the goods at destination, since the risk of any ________ during the carriage is borne by the buyer
Choose two possible answers: It happens quite often that the ________ to the contract of sale wish to clarify the extent to which the seller should procure a contract of carriage including the costs of discharge
Choose two possible answers: Of course, the seller would have to ________ the costs of the contract of carriage irrespective of whether freight is pre-paid upon shipment or is payable at destination (freight collect)
Choose two possible answers: Other places determined by the customs ________ of the Russian Federation), without collection of customs duties, taxes, and without application of economic policy measures to the goods
Choose two possible answers: Russian goods are placed and used on the terms applicable to export in accordance with the export customs ________ in the order stipulated by the present Code
Choose two possible answers: Since such costs are normally covered by the freight when the goods are carried by regular shipping ________, the contract of sale will frequently stipulate that the goods are to be so carried or at least that they are to be carried under “liner terms”
Choose two possible answers: Since the point for the division of costs is fixed at a point of country of destination the “C”-terms are frequently mistakenly ________ to be arrival contracts, in which the seller would bear all risks and costs until the goods has actually arrived at the agreed point
Choose two possible answers: That is now ________ set forth in the A6 clause of all “C”-terms
Choose two possible answers: The customs warehouse is a customs treatment of storing imported ________ under the customs control without collection of customs duties and taxes, and without application of economic policy measures to the goods during the period of storage
Choose two possible answers: The duty free shop is a customs treatment under which goods are sold under the customs control on the customs …of the Russian Federation
Choose two possible answers: The essential nature of the “C”-terms as shipment contracts is also illustrated by the common use of documentary credits as the preferred ________ of payment used in such terms
Choose two possible answers: The free customs zone and free warehouse are customs …under which foreign goods are placed and used within corresponding customs territories or premises without collection of customs duties
Choose two possible answers: The goods intended to be exported in accordance ________ the export customs procedure are to be kept under the customs control with granting the preferences envisaged by the present Code
Choose two possible answers: The goods under the duty free shop customs treatment are directly sold in special ________ (duty free shops)
Choose two possible answers: The ________, the sale of which on the territory of the Russian Federation is limited, may be sold under the duty free shop customs treatment only on condition that the requirements stipulated by the legislation of the Russian Federation are met
Choose two possible answers: The “C” terms ________ the seller to contract for carriage in usual terms at his own expense
Choose two possible answers: There are about fifteen customs regimes according to RF Customs Code, but we ________ here the most common regimes for international trade
Choose two possible answers: Therefore a point up to which he would have to pay transport costs must necessarily be ________ after the respective “C”-term
Choose two possible answers: Transit of goods is a customs treatment under which goods are transported under the customs control from one customs ________ of the Russian Federation to another
Choose two possible answers: Under the CIF and CIP terms the seller has to take out insurance and bear the insurance …
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Give English equivalent: Импортная квота
Give English equivalent: Погрузка
Give English equivalent: Посольство
Give English equivalent: Имеющий обязательную силу
Goods which can inflict damage to other goods or those which require special conditions of storage are to be ________ on specially adapted premises
Most companies whose volume of foreign investments exceeds 100 000 000 Rubles shall have to be ________
Processing time, requirements and fees are ________ to change without notice
Put the verb in brackets in the right form: Absolute quotas (to limit) the quantity of imports to a specified level during a specified period of time
Put the verb in brackets in the right form: Absolute quotas are generally (to administer) on a first-come first-served basis
Put the verb in brackets in the right form: An ad valorem tariff is levied as a fixed percentage of the value of the commodity (to import)
Put the verb in brackets in the right form: An export tax is a tax (to collect) on exported goods.
Put the verb in brackets in the right form: An import quota is typically (to set) below the free trade level of imports. In this case it is called a binding quota
Put the verb in brackets in the right form: As a result of Uruguay round commitments, the US has (to establish) annual export subsidy quantity ceilings by commodity and maximum budgetary expenditures
Put the verb in brackets in the right form: As with tariffs, export taxes can (to be) set on a specific or an ad valorem basis
Put the verb in brackets in the right form: As with taxes, subsidies (can) be levied on a specific or ad valorem basis
Put the verb in brackets in the right form: By encouraging exports, the government will (to reduce) the domestic supply and eliminate the need for the government to purchase the excess
Put the verb in brackets in the right form: Commodities eligible under EEP initiatives (to be) wheat, wheat flour, semolina, rice, frozen poultry, frozen pork, barley, barley malt, table eggs, and vegetable oil
Put the verb in brackets in the right form: Export subsidies are payments (to make) by the government to encourage the export of specified products
Put the verb in brackets in the right form: Farmers’ incomes are maintained by (to restrict) domestic supply, raising domestic demand, or a combination of the two
Put the verb in brackets in the right form: For example, Indonesia (to apply) taxes on palm oil exports
Put the verb in brackets in the right form: For this reason, many quotas are (to fill) shortly after the opening of the quota period
Put the verb in brackets in the right form: Generally speaking, average tariff rates (to be) less than 20% in most countries, although they are often quite a bit higher for agricultural commodities
Put the verb in brackets in the right form: Goods that (to be) illegal within a country effectively have a quota set equal to zero
Put the verb in brackets in the right form: However, as trade liberalization (to advance) in the second half of the twentieth century, many other types of non-tariff barriers became more prominent
Put the verb in brackets in the right form: However, many other countries (to employ) export taxes
Put the verb in brackets in the right form: If a quota is set at or above the free trade level of imports then it (to be) referred to as a non-binding quota
Put the verb in brackets in the right form: Import quotas are limitations on the quantity of goods that can be (to import) into the country during a specified period of time
Put the verb in brackets in the right form: In December 1995 the EU (to impose) a $32 per ton export tax on wheat
Put the verb in brackets in the right form: In recent years the US government (to have) made annual outlays of over $1 billion in its agricultural Export Enhancement Program (EEP) and its Dairy Export Incentive Program (DEIP)
Put the verb in brackets in the right form: In the most developed countries, average tariffs (to be) less than 10%, and often less than 5%
Put the verb in brackets in the right form: In the US in 1996, milk, cream, brooms, ethyl alcohol, anchovies, tuna, olives and durum wheat (to be) subject to tariff-rate quotas
Put the verb in brackets in the right form: In the US most quotas (to be) administered the US Customs Service
Put the verb in brackets in the right form: In the US, export taxes are unconstitutional since the US constitution (to contain) a clause prohibiting their use
Put the verb in brackets in the right form: In this case, $2500 is collected whether two $50,000 BMWs are (to import) or ten $10,000 Hyundais
Put the verb in brackets in the right form: In this case, the government must either build more storage facilities, at some cost, or (to devise) an alternative method to dispose of the surplus inventory
Put the verb in brackets in the right form: It is in these situations, or to avoid these situations, that export subsidies are sometimes (to use)
Put the verb in brackets in the right form: Its stated purpose is to help US farmers compete with farm products from other (to subsidize) countries, especially the European Union, in targeted countries
Put the verb in brackets in the right form: Madagascar (to apply) them on vanilla, coffee, pepper and cloves
Put the verb in brackets in the right form: Many countries in the second half of the twentieth century (to use) tariffs as a primary source of funds for their government budgets
Put the verb in brackets in the right form: More details about the trade policies of these countries can be (to find) at the WTO’s website
Put the verb in brackets in the right form: Most countries (to have) income support programs for their nation’s farmers
Put the verb in brackets in the right form: Occasionally both a specific and an ad valorem tariff are (to levy) on the same product simultaneously
Put the verb in brackets in the right form: On average, less developed countries maintain higher tariff barriers, but, for many countries that have recently (to join) the WTO, tariffs have recently been reduced substantially to gain entry
Put the verb in brackets in the right form: One common method (to be) the imposition of price floors on specified commodities
Put the verb in brackets in the right form: One of the main export subsidy programs in the US is (to call) the Export Enhancement Program
Put the verb in brackets in the right form: Other quotas (to exist) on peanuts, cotton, sugar and syrup
Put the verb in brackets in the right form: Perhaps this (should) be called a three-part tariff
Put the verb in brackets in the right form: Russia uses export taxes on petroleum, while Brazil (to impose) a 40% export tax on sugar in 1996
Put the verb in brackets in the right form: Sometimes the amount the government must purchase (to exeed) the available storage capacity
Put the verb in brackets in the right form: Sometimes these quotas are set globally and thus affect all imports while sometimes they are (to set) only against specified countries
Put the verb in brackets in the right form: Tariff-rate quotas allow a specified quantity of goods to be (to import) at a reduced tariff rate during the specified quota period
Put the verb in brackets in the right form: The EEP’s major objectives are to challenge unfair trade practices, to (expand) U.S. agricultural exports
Put the verb in brackets in the right form: The EU has (to spend) over $4 billion annually to encourage exports of its agricultural and dairy products
Put the verb in brackets in the right form: The exceptions (to include) dairy products, administered by the Department of Agriculture and watches and watch movements, administered by the Departments of the Interior and the Commerce Department
Put the verb in brackets in the right form: The most common product groups where export subsidies are applied (to be) agricultural and dairy products
Put the verb in brackets in the right form: The table below (to provide) a list of average tariff rates in selected countries around the world
Put the verb in brackets in the right form: The US currently levies a 2.5% ad valorem tariff on (to import) automobiles
Put the verb in brackets in the right form: There (to be) two basic types of quotas: absolute quotas and tariff-rate quotas
Put the verb in brackets in the right form: These are often (to motivate) by national security or self-sufficiency considerations
Put the verb in brackets in the right form: These purchases are often (to store) for future distribution when there is a shortfall of supply at the floor price
Put the verb in brackets in the right form: These rates were all (to take) from the WTO’s trade policy review summaries
Put the verb in brackets in the right form: This is (to know) as a two-part tariff. For example, wristwatches imported into the US face the 5.1 cent specific tariff as well as a 6.25% ad valorem tariff on the case and the strap and a 5.3% ad valorem tariff on the battery
Put the verb in brackets in the right form: This was imposed due to the concerns of Southern cotton producers who (to export) much of their product to England and France
Put the verb in brackets in the right form: Thus if $100,000 worth of autos are imported, the US government (to collect) $2,500 in tariff revenue
Put the verb in brackets in the right form: Thus many countries (to have) a zero quota on narcotics and other illicit drugs
Put the verb in brackets in the right form: When there is excess supply at the floor price, however, the government must (to stand) ready to purchase the excess
Put the verb in brackets in the right form: “Ad valorem” (to be) Latin for “on value” or “in proportion to the value.”
Put the verb in brackets in the right form: Please note that documents (to intend) for registration and renewal of registration in the Russian Federation of companies with foreign investment must be submitted in a package accompanied by an expert opinion provided by an expert company
Which 2 of the following terms are related to the topic of your lesson
Which 2 of the following terms are related to the topic of your lesson
Which 2 of the following terms are related to the topic of your lesson
Which 2 of the following terms are related to the topic of your lesson
… submitted in a different manner will not be accepted
After you receive your visa please check ________ for mistakes (passport number, date of birth, term of validity) and, if necessary, return it to the Consulate for corrections
Alternatively, the deal may be arranged through an importer’s buying ________ or a buying house acting for the importer, or through an export house based in the exporter’s country
Among the best ________ Incoterms are EXW (Ex works), FOB (Free on Board), CIF (Cost, Insurance and Freight), DDU (Delivered Duty Unpaid), and CPT (Carriage Paid To)
An import transaction usually requires a lot of complicated ________
Companies whose volume of foreign investments exceeds 100.000.000 Rubles ( at the rate on the day of registration), as well as all companies with foreign capital to engage in the extraction of oil, gas, ________ or their processing, shall have to be registered with the Russian Agency on International Cooperation and Development
Complete field if the Certificate covers multiple shipments of identical goods as described in Field 5 that are imported into a NAFTA country for a specified ________ of up to one year (blanket period)
Correct use of Incoterms goes a long way to providing the legal certainty upon which mutual confidence between business ________ must be based
Devised and published by the International Chamber of Commerce, they are at the ________ of world trade
Federal registration of companies with foreign ________ is carried out by the administration of the city
For each good described in Field 5, where the good is subject to a regional value content (RVC) requirement, indicate “NC” if the RVC is calculated according to the net cost method, otherwise, indicate “…”
For purposes of obtaining preferential tariff treatment, this document must be completed ________ and In full by the exporter and be in the possession of the importer at the time the declaration is made
However, this is course is not recommended because the latest version is designed to bring Incoterms into …with the latest developments in commercial practice
Identify the name of the country (“MX” or ‘US’ for agricultural and textile goods ________ to Canada
If the RVC is calculated according to the net cost method over a penod of time, ftirther identify the beginning and ending dates (….) of that period. (Reference. Articles 402.1, 402.5)
If you are not the ________ of the good, state “NO” followed by(1),(2), or (3), depending on whether this certificate was based upon
If you need more information please call us at (202) 939-8913, 8918 Monday-Friday ________ 9 a.m. till 12:30 p.m. and from 2:30 p.m. till 6 p.m
If you wish to extend your visa, you should get a new invitation from the same organization that issued the ________ invitation and submit it with the visa to the Consulate
In this situation, the exporter sells directly to a company in his ________ country, who will then export the goods
Incoterms are standard trade definitions most commonly used in international sales …
Legal tax identification number is: in Canada, ________ number or importer-exporter number assigned by Revenue Canada, in Mexico, federal taxpayer’s registry number (RFC), and the United States, employer’s identification number or Social Security Number
Many import or export deals are arranged through an exporter’s agent or distributor ________ - in this case the importer buys from a company in his own country and this company imports the goods
Many of these documents can be replaced with computerized procedures. Standard ‘aligned’ export documentation is also used: the required information is entered on a single master document and then photocopied to produce all the required …
Most contracts made after 1 January 2000 will refer to the latest edition of Incoterms, which came into ________ on that date.
Please follow a specific ________ when submitting your papers
Please, state the full legal name, address (including country) and legal tax ________ number of the exporter
Prices for exports may be quoted in the buyer’s currency, the seller’s currency or in a third ‘hard’ currency (e.g. US dollars, Deutschmarks or Swiss …)
Since then, ICC expert lawyers and trade practitioners have ________ them six times to keep pace with the development of international trade
Some arrangements have to be ________ and this can be difficult
State registration of companies with foreign investments is carried out by the administration of the city or district on the ________ of which the company is located, or by any other authorized body
State the full legal name, address (including country) and legal tax ________ number of the exporter
The Consulate will not be responsible for any mistakes in the visas, which were not brought to its attention ________ to departure from the USA
The copy of the passport page should be trimmed to the size of the original and stapled to the ________ left-hand corner of application form
The date must be the date the Certificate was completed and …
The English text is the original and official version of Incoterms ________, which have been endorsed by the United Nations Commission on International Trade Law (UNCITRAL). Authorized translations into 31 languages are available from ICC national committees
The price quoted always indicates the terms of delivery, which conform to the international standard …
The ________ of delivery that are most common depend on the kinds of goods being traded and the countries between which the trade is taking place
This document may also be completed voluntarily by the producer for ________ by the exporter. Please print or type
To be sure of using them correctly, trade practitioners need to consult the full ICC texts, and to beware of the many unauthorized summaries and approximate ________ that abound on the web
Two pictures should be stapled to the copy of the passport page and one to the marked space at the upper right-… corner of the application form
Unless the parties decide otherwise, earlier versions of Incoterms - like Incoterms 1990 - are still binding if incorporated in contracts that are unfulfilled and date from ________ 1 January 2000
Versions of Incoterms preceding the 2000 edition may still be incorporated into future contracts if the ________ so agree
Visa documents are accepted until 12:15 p.m. …
Visa section is open for visitors Monday through Friday from 9 a.m. ________ 12:30 p.m. only
We ________ $40 for visa extension and correction of each mistake which we are not responsible for
“FROM” is the date upon which the Certificate becomes applicable to the good covered by the ________ Certificate (it may be prior to the date of signing (his Certificate).
“TO” is the date upon which the blanket period expires. The importation of a good for which preferential tariff treatment is claimed based on this Certificate must occur Between these …
… introduced the first version of Incoterms - short for “International Commercial Terms” - in 1936