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NASBITE CGBP Review – International Trade Logistics

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Presentation on theme: "NASBITE CGBP Review – International Trade Logistics"— Presentation transcript:

1 NASBITE CGBP Review – International Trade Logistics
2010 NASBITE CGBP Review – International Trade Logistics Monica Alcoz, Sr. International Business Consultant International Trade Center

2 CGBP Logistics 1.Duweid is a U.S. sausage producer who is preparing to export its products. What commodity code should they use to file their export documents with the U.S. government:  b. Schedule B number

3 2.What does the “tariff engineering” term refer to?
CGBP Logistics 2.What does the “tariff engineering” term refer to? b. The process of making adjustments in product design to minimize the rate of duty

4 c. Flowers from South America
CGBP Logistics 3.  Air transportation would be a suitable mode for which of the following products. c. Flowers from South America

5 4. The Bill of Lading in hand provides:
CGBP Logistics  4. The Bill of Lading in hand provides: d. A contract for the movement of a shipment, a receipt for goods itemized on it, and in some cases a certificate of title for the goods.

6 CGBP Logistics  5. A U.S. exporter may need to file for an export license depending on:   c. Item’s technical characteristics, the country of destination, end-user and end-use

7 b.Intermodal transportation
CGBP Logistics  6. The use of two or more modes of transportation in moving a shipment from origin to destination is known as: b.Intermodal transportation

8 CGBP Logistics  7. A boot manufacturer from Texas imports prime leather material from Uruguay. He has imported $10,000 of leather which has a U.S. duty rate of 5%. 80% of this leather was used on the production of boots which were exported to the European market. Leather boot exports to Europe were of $ 35,000. The European Union holds a 10% duty on U.S. leather boots. Taking advantage of the Duty Drawback Program this company would: a. Pay $500 when importing the leather to the U.S. and recover around $400 when exporting the boots out to Europe

9 CGBP Logistics 8.Which of the following Incoterms would mean the main carriage is paid by the buyer? a.FOB

10 9. Packing for international shipping has to take into consideration:
CGBP Logistics   9. Packing for international shipping has to take into consideration:   d. Physical security, country destination requirements and marking

11 CGBP Logistics 10. An exporter is selling under a letter of credit, which Incoterm would not be wise for him/her to use? a. FAS

12 CGBP Logistics 11. Customs document permitting the holder to carry or send sample merchandise temporarily into certain foreign countries without paying duties or posting bonds is called:   a. ATA Carnet

13 CGBP Logistics 12. In the aftermath of the terrorist attacks on September 11, 2001, U.S. Customs Service began developing antiterrorism programs to help secure the United States. Under which program has U.S. Customs & Border Protection placed its officers in over 25 foreign ports? c. CSI

14 13.With whom would you file an export license?
CGBP Logistics 13.With whom would you file an export license?  d. Bureau of Industry & Security

15 CGBP Logistics 14. How many digits of a Harmonized Schedule are identical internationally? b. 6

16 CGBP Logistics  15. U.S. manufacturer of machine parts has shipped products to buyer in Venezuela. An insurrection prevented the shipment to arrive to destination as agreed. Which clause under the contract would excuse the U.S. counterpart from performing its obligations? d. Force Majeure

17 CGBP Logistics 16.Which of the following countries does not have a bilateral FTA with the U.S.? d. United Kingdom

18 CGBP Logistics A San Antonio salsa producer is getting ready to export its product to Canada. The salsa is made with tomatoes from Mexico and spices from India. You are told that the product qualifies as NAFTA origin. Which of the following reasons MAY be the determinant/s of this origin? c. A change in tariff classification and/or enough valued added in NAFTA countries and/or enough cost added in NAFTA countries

19 CGBP Logistics 18.A product is being assessed an import duty of $20 per kilogram net plus 30% of FOB price. How is this duty called? a. Compound

20 CGBP Logistics 19. Express companies that provide door-to- door service by using land and air transportation in tandem (e.g.: UPS) are: a. Integrators

21 20.What is the Shipper’s Export Declaration used for?:
CGBP Logistics 20.What is the Shipper’s Export Declaration used for?: c.To compile statistics of U.S. exports and for export control

22 CGBP Logistics  21.Product is being shipped from a Houston warehouse through Houston Port to Rotterdam Port. Exporter does NOT want to take any risk of loss during the main carriage. What Incoterm should NOT be used: d. DAP

23 CGBP Logistics    22.Unless a shipment is going to Canada, a shipper’s export declaration should be filed each time a shipment of one HS number is: a.$ 2,500 or over

24 CGBP Logistics    23.A pre-inspection certificate may be required prior to an export shipment by: a. Target country

25 24.An exporter can NOT claim a NAFTA origin duty break based on:
CGBP Logistics    24.An exporter can NOT claim a NAFTA origin duty break based on: d. Product label

26 CGBP Logistics    25. Which of the following is an example of a loss that would typically be covered by all risks insurance? c.General average

27 Questions and Answers International Trade Center 501 W Durango Boulevard, 4th Fl. San Antonio, Texas 78207 T: INTERNATIONAL TRADE CENTER


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