《朱胜毅0016056商贸英语.docVIP

201109考试批次 《商贸英语》大作业 学生姓名 朱胜毅 学习中心 淄博教育中心 学号090916237160058 考 号0016056 专 业 工商管理 年级层次 高起专 2011年 9月 试 题 卷 Answer the following questions in English.（本大题共10小题，每题10分，共100分；所有题目请用英文答题） Mention some of the risks the exporter and the importer may face in trade. Explain briefly the following methods of payment: cash in advance, open account, consignment transactions. What is the unique feature of the letter of credit? How does it offer security to the buyer and the seller? What are the main contents of a letter of credit? Mention at least 10 items. What are the advantages and limitations of the letter of credit? Explain the difference between revocable letter of credit and irrevocable letter of credit? What are the major contents of the bill of lading? Explain insurable interest briefly and give an example to illustrate it. What are the major factors that may influence the exchange rate? Illustrate the respective advantages and disadvantages of the flexible exchange rate system and the fixed exchange rate system.? Answer: 1. To exporters: the main risk whether they can get full payment or not after they ship their goods overseas to the buyers. They may be affected by the fluctuating cost of raw materials for products and To importers: They face the risk of getting no goods or goods that are not as per required quality, quantity and timely delivery time after paying the exporters money. 2. Cash in advance: it is the big risk for the buyer to use the cash, and for the seller very little. And practical cash in advance is often used in combination with other forms of payment. Open account: It is actually credit provided by the seller to the buyer. High risks are involved for the seller who generally does not use this form of payment unless he has adequate trust in the credit worthiness of the buyer. Consignment transition: The exporter entrusts his goods to his agent abroad for sale. The exporter ret