ПКОЯз. Англ. Бизнес курс. Часть 1

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

• А- false, В- false
• А- false, В- true
• А- true, В- true
• А-true, В-false

If you are not the ________ of the good, state “NO” followed by(1),(2), or (3), depending on whether this certificate was based upon

• producer
• buyer
• seller
• user

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)

• known
• paid
• seen
• used

Correspond the left and right parts

• Many import or export deals are arranged through an exporter’s agent or distributor abroad — in this case
• reduce imports of foreign products, the higher the tariff, the greater the protection afforded to the country’s import-competing industries
• Governments rarely apply the same tariff to all goods and services imported into the country. One exception to this occurred in 1971 when
• President Nixon, in a last-ditch effort to save the system of fixed exchange rates, imposed a 10% ad valorem tariff on all imported goods from IMF member countries
• One method used to measure the degree of protectionism within an economy is the average tariff rate. Since tariffs generally
• the importer buys from a company in his own country and this company imports the goods

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

• given
• made
• indicated
• taken

Put the verb in brackets in the right form: In the US most quotas (to be) administered the US Customs Service

Correspond the left and right parts

• Nonetheless, 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; many
• destination, the seller would have to pay all these costs incurred when the goods are transshipped from one means of conveyance to the other
• Of course, the seller would have to bear the costs of the contract of carriage irrespective of whether freight is pre-paid upon shipment or is payable at destination (freight collect); however
• additional costs that may result from events occurring subsequent to shipment and dispatch are necessarily for the account of the buyer
• If it is customary to procure several contracts of carriage involving transshipment of the goods at intermediate places in order to reach the agreed
• 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) 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

• А- false, В- true
• А- true, В- true
• А-true, В-false
• А- false, В- false

Choose the right preposition: The good must also satisfy all other applicable requirements ________ Chapter Four. If the good is an agricultural good, see also criterion F and Annex 703.2. (Reference. Article 401

Correspond the left and right parts

• 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. In compliance with
• be arrival contracts, in which the seller would bear all risks and costs until the goods has actually arrived at the agreed point
• Constituent documents of joint-stock companies with foreign investment, not compliant with the aforementioned Law before July 1, 1997, shall be considered null and void. In the Russian Federation the registration (renewal of registration) of
• companies with foreign investment, including joint ventures, wholly owned foreign companies, branches, representative offices, is handled by the Russian State Registration Chamber
• Since the point for the division of costs is fixed at a point of country of destination the “C”-terms are frequently mistakenly believed to
• 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 to adjustment to the standards of the aforementioned Federal Law

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

Correspond the left and right parts

• Generally speaking, average tariff rates are less than 20% in most countries, although they are often quite a bit higher for agricultural
• for visa extension and correction of each mistake which we are not responsible for. Processing time, requirements and fees are subject to change without notice
• 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 that the requirements stipulated by the legislation of the Russian Federation are met. The goods under the duty free shop customs treatment are directly sold in special shops
• 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. We charge $40
• commodities. In the most developed countries, average tariffs are less than 10%, and often less than 5%.

Choose the right preposition: Certain non-originating materials do not undergo the required change ________ tariff classification

Correspond the left and right parts

• When there is excess supply at the floor price, however, the government must stand ready to purchase the excess. These purchases are often stored for future
• supply, raising domestic demand, or a combination of the two. One common method is the imposition of price floors on specified commodities
• Many other countries employ export taxes. For example, Indonesia applies taxes on palm oil exports; Madagascar applies them on vanilla, coffee, pepper
• and cloves; Russia uses export taxes on petroleum, while Brazil imposed a 40% export tax on sugar in 1996. In December 1995 the EU imposed a $32 per ton export tax on wheat
• These are often motivated by national security or self-sufficiency considerations. Farmers’ incomes are maintained by restricting domestic
• distribution when there is a shortfall of supply at the floor price. Sometimes the amount the government must purchase exceeds the available storage capacity

Correspond the left and right parts

• The essential nature of the “C”-terms as shipment contracts is also illustrated
• of any delay during the carriage is borne by the buyer. Thus, any obligation with respect to time must necessarily refer to the place of shipment or dispatch, for example “shipment (dispatch) not later than…”
• It is of the very essence of the “C”-terms that the seller is relieved of any further risk and cost after he has dully fulfilled
• his contract by contracting for carriage and handling over the goods to the carrier and under providing for insurance under the CIF- and CIP-terms
• 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
• by the common use of documentary credits as the preferred mode of payment used in such terms

Choose three possible answers: The EU has spent over $4 billion annually to ________ exports of its agricultural and dairy products

• increase
• improve
• encourage
• sabotage

Choose the right preposition: Documents ________ Apostille do not require any further legalization

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

Correspond the left and right parts

• CIF
• carriage paid to
• Freight carrier
• forwarding agent
• CPT
• Cost, insurance & freight

Correspond the left and right parts

• If you need more information please call us at (202) 939-8913, 8918 Monday-Friday from 9 a.m. till 12:30 p.m. and from 2:30 p.m. till 6 p.m. Visa
• trade, the meaning of the abbreviations is clearly understood and accepted by the contracting parties or under any applicable law or custom of the trade
• It is of the very essence of the “C”-terms that the seller is relieved of any further risk and cost after he has dully fulfilled
• his contract by contracting for carriage and handling over the goods to the carrier and under providing for insurance under the CIF- and CIP-terms
• In other cases the word “landed” is added after CFR or CIF terms. However it is advisable not to use abbreviations added to the “C”-terms unless, in the relevant
• section is open for visitors Monday through Friday from 9 a.m. till 12:30 p.m. only. Visa documents are accepted until 12:15 p.m. only

Choose the right preposition: Identify the name of the country (“MX” or ‘US’ for agricultural and textile goods exported ________ Canada. ‘US’ 01 “CA” for all goods exported to Mexico; or “CA” or “MX” for all goods exported to the United States) to which the preferential 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

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.

• А-true, В-false
• А- false, В- true
• А- false, В- false
• А- true, В- true

Put the verb in brackets in the right form: The US currently levies a 2.5% ad valorem tariff on (to import) automobiles

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

• А- false, В- true
• А- true, В- true
• А- false, В- false
• А-true, В-false

Correspond the left and right parts

• Export subsidies are payments made by the government to encourage the export of specified products. As with taxes, subsidies can be levied on a specific or ad valorem
• same tariff to all goods and services imported into the country. One exception to this occurred in 1971 when President Nixon, in a last-ditch effort to save the Bretton-Woods system of fixed exchange rates
• Many other countries employ export taxes. For example, Indonesia applies taxes on palm oil exports; Madagascar applies them on vanilla, coffee, pepper
• and cloves; Russia uses export taxes on petroleum, while Brazil imposed a 40% export tax on sugar in 1996. In December 1995 the EU imposed a $32 per ton export tax on wheat
• As the above examples suggest, different tariffs are generally applied to different commodities. Governments rarely apply the
• basis. The most common product groups where export subsidies are applied are agricultural and dairy products. Most countries have income support programs for their nation’s farmers

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

• А- true, В- true
• А- false, В- false
• А-true, В-false
• А- false, В- true

Which of the two assertions are true and which are false? A) 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

• А-true, В-false
• А- false, В- true
• А- false, В- false
• А- true, В- true

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

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

• parties
• balls
• receptions
• sides

If the RVC is calculated according to the net cost method over a period of time, further identify the beginning and ending dates (….) of that period. (Reference. Articles 402.1, 402.5)

• DD/ MM/YY
• MM/DD/YY
• DD/MM/YY
• DD/DD/DD

Correspond the left and right parts

• 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
• policy review summaries. More details about the trade policies of these countries can be found at the WTO’s website
• 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%.
• The table below provides a list of average tariff rates in selected countries around the world. These rates were all taken from the WTO’s trade
• only on condition that the requirements stipulated by the legislation of the Russian Federation are met. The goods under the duty free shop customs treatment are directly sold in special shops

Correspond the left and right parts

• The “C” terms require the seller to contract for carriage in usual terms at his own expense. Therefore a point up to which he would have to pay transport costs must necessarily be
• orders, war or warlike operations)then any additional costs, resulting would be from the account of the buyer, since the seller’s obligation is limited to procuring the usual contract of carriage
• Nonetheless, 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; many
• organizations require certified translations to be legalized by consular offices of the Russian Federation in the countries where the documents originated
• If, however the carrier exercised his rights under a transshipment — or similar clause — in order to avoid unexpected hindrances (such as ice, congestion, labor disturbances, government
• indicated after the respective “C”-term. Under the CIF and CIP terms the seller has to take out insurance and bear the insurance cost

Correspond the left and right parts

• Alternatively, the deal may be arranged through an importer’s buying agent or a buying house acting for the importer, or through
• 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
• 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 Francs). The
• price quoted always indicates the terms of delivery, which conform to the international standard
• In 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
• . an export house based in the exporter’s country. In this situation, the exporter sells directly to a company in his own country, who will then export the goods

Correspond the left and right parts

• Export taxes are unconstitutional since the US constitution contains a clause prohibiting their use. This was
• set below the free trade level of imports. In this case it is called a binding quota. If a quota is set at or above the free trade level of imports then it is referred to as a non-binding quota
• Goods that are illegal within a country effectively have a quota set equal to zero. Thus many countries have a zero quota on narcotics and other illicit drugs
• There are two basic types of quotas: absolute quotas and tariff-rate quotas. Absolute quotas limit the quantity of imports to a specified level during a specified period of time
• Import quotas are limitations on the quantity of goods that can be imported into the country during a specified period of time. An import quota is typically
• imposed due to the concerns of Southern cotton producers who exported much of their product to England and France

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 “…”

• WOW
• ON
• YES
• NO

Correspond the left and right parts

• Commodities eligible under EEP initiatives are wheat, wheat flour, semolina, rice, frozen poultry, frozen pork, barley, barley malt, table eggs, and vegetable oil. In recent years the US government
• the US government levies a 5.1 cent specific tariff on every wristwatch imported into the US. Thus, if 1000 watches are imported, the US government collects $51 in tariff revenue. In this case, $51 is collected whether the watch is a $40 Swatch or a $5000 Rolex
• It is a tax collected on imported goods. Generally speaking, a tariff is any tax or fee collected by a government. Sometimes tariff
• is used in a non-trade context, as in railroad tariffs. However, the term is much more commonly applied to a tax on imported goods
• There are two basic ways in which tariffs may be levied: specific tariffs and ad valorem tariffs .A specific tariff is levied as a fixed charge per unit of imports. For example
• has made annual outlays of over $1 billion in its agricultural Export Enhancement Program (EEP) and its Dairy Export Incentive Program (DEIP). The EU has spent over $4 billion annually to encourage exports of its agricultural and dairy products

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.

Correspond the left and right parts

• An ad valorem tariff is levied as a fixed percentage of the value of the commodity imported. “Ad valorem” is Latin for “on value” or “in proportion to the value.” The
• if 1000 watches are imported, the US government collects $51 in tariff revenue. In this case, $51 is collected whether the watch is a $40 Swatch or a $5000 Rolex
• An import tariff is a tax collected on imported goods. Generally speaking, a tariff is any tax or fee collected by a government. Sometimes tariff is used in a non-trade context, as
• in railroad tariffs. However, the term is much more commonly applied to a tax on imported goods. There are two basic ways in which tariffs may be levied: specific tariffs and ad valorem tariffs
• 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. Thus,
• US currently levies a 2.5% ad valorem tariff on imported automobiles. Thus if $100,000 worth of autos are imported, the US government collects $2,500 in tariff revenue

Choose two possible answers: Many goods may be ________ under the duty free shop customs treatment

• given
• traded
• taken
• sold

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

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

Correspond the left and right parts

• Please note that documents intended for registration and renewal of registration in the Russian Federation of companies
• President Nixon, in a last-ditch effort to save the system of fixed exchange rates, imposed a 10% ad valorem tariff on all imported goods from IMF member countries
• In 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
• Governments rarely apply the same tariff to all goods and services imported into the country. One exception to this occurred in 1971 when
• with foreign investment must be submitted in a package accompanied by an expert opinion provided by an expert company

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

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

• А- false, В- false
• А- false, В- true
• А-true, В-false
• А- true, В- true

Correspond the left and right parts

• An ad valorem tariff is levied as a fixed percentage of the value of the commodity imported. “Ad valorem” is Latin for “on value” or “in proportion to the value.” The
• in railroad tariffs. However, the term is much more commonly applied to a tax on imported goods. There are two basic ways in which tariffs may be levied: specific tariffs and ad valorem tariffs
• Please note that documents intended 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
• An import tariff is a tax collected on imported goods. Generally speaking, a tariff is any tax or fee collected by a government. Sometimes tariff is used in a non-trade context, as
• US currently levies a 2.5% ad valorem tariff on imported automobiles. Thus if $100,000 worth of autos are imported, the US government collects $2,500 in tariff revenue

Put the verb in brackets in the right form: Madagascar (to apply) them on vanilla, coffee, pepper and cloves

Choose two possible answers: The “C” terms ________ the seller to contract for carriage in usual terms at his own expense

• aquire
• require
• demand
• inquire

Choose the right preposition: Note: The purchase ________ a good in the territory does not necessary lender it “wholly obtained 01 produced ‘. If the good is an agricultural good, see also criterion F and Annex 703.2. (Reference: Article 401 (a) and 415)

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: 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