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Exams 1. International Payment. 26.3.2025

The document outlines an exam with four parts focusing on international trade practices, specifically regarding Vietnamese enterprises' export and import habits, the application of Incoterms for dragon fruit exports, signing bills of exchange, and analyzing a foreign trade contract scenario. It also includes a section for identifying and correcting errors in a letter of credit. The exam is designed to assess knowledge of trade documentation and procedures within a 90-minute timeframe.

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96 views2 pages

Exams 1. International Payment. 26.3.2025

The document outlines an exam with four parts focusing on international trade practices, specifically regarding Vietnamese enterprises' export and import habits, the application of Incoterms for dragon fruit exports, signing bills of exchange, and analyzing a foreign trade contract scenario. It also includes a section for identifying and correcting errors in a letter of credit. The exam is designed to assess knowledge of trade documentation and procedures within a 90-minute timeframe.

Uploaded by

Dũng Bùi
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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Exams No.

01 Time: 90 minutes
Part 1. Essay Questions
Question 1. There is a view that "In the import and export of goods, Vietnamese
enterprises often have the habit of exporting FOB and importing CIF", please comment on the
above issue.
Question 2. Vietnamese exporters sign a contract to export dragon fruit through
intermediaries. The importing country is a country with complicated customs procedures and
renting a means of transport there is very difficult. The transportation of the main leg cargo is
done by sea. Vietnamese business owners are considering choosing one of the three provisions
of the Incoterms 2010: either FAS, CIF, or DDP. Let's apply Incoterms knowledge to analyze
and help export business owners make decisions.
Part 2. Signing and distributing bills of exchange
Give the following information:

 Importer: Im – Ex Company, 121 Hai Ba Trung Street, Hanoi, Vietnam


 Exporter: TMC International Company, 125 Donzong, Seoul, Korea
 Opening Bank: Vietcombank – Hanoi Branch, Vietnam
 Advising Bank: Korea Standard Charter Bank, Seoul, Korea
 Mode of payment: L/C 60 days from B/L
 Amount of payment: USD 8789,000.00 (+/-10%)
 Date of shipment: March 26th, 2025
 L/C No 02984952093 date November 5th, 2024
 Invoice No LA 1239389009 date March 20th, 2025 amount: USD 8900,000.00
 Paying Bank: Bangkok Bank, Thailand.

From the seller's perspective, sign a bill of exchange.


Part 3. Situation Exercises
The foreign trade contract was signed between Tan Phat Company, Vietnam, and
Daewoo Company, South Korea above. After the end of the delivery, on 01/02/2025, Daewoo
company brought a set of documents to the Bank for Foreign Trade Hanoi branch to request
payment. The set of documents contains the following information:
-Delivery date 25/01/2025
- On 26/01/2025, Daewoo bought insurance from a Korean insurance company and
received a temporary insurance certificate with the following information:
+ Sum assured = 100% of CIF price
+ The currency of the two sides of the transaction is EUR
- Bill of exchange issued on 05/02/2025 asking for money in the amount of 550,000
USD
Question: Does the Hanoi Bank for Foreign Trade agree to pay for this set of documents and
why?
Part 4. Find and correct LC Errors
40A Form of Documentary Credit: REVOCABLE
20 Documentary Credit number: 12345678

31C Date of Issue: 180923


50 Applicant: VÍNAFOOD IMPORT-EXPORT, VIETNAM
59 Beneficiary: GOLD EGG IMPORT-EXPORT CO. LTD, AUSTRALIA
32B Currency Code, Amount: 2336594.02 DOLLARS
39B Percentage credit amount tolerance: 03/05
41A Available with ... by...: ANY BANK / BY NEGOTIATION
42C Drafts at... : SIGHT FOR 110PCT INVOICE VALUE
42P Drawee (Payment Unit): VINAFOOD
43P Partial shipment: PERMITTED
43T Transshipment: PROHIBITED
44A Loading on Board/Dispatch/Taking in Charge at/from...: HAIPHONG PORT
44B For Transportation to... MAIN PORT OF AUSTRALIA
44C Latest date of shipment: 181131

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