I. True or False Questions. Put T for true or F for false in the...

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Accounting

image I. True or False Questions. Put T for true or F for false in the corresponding blanks. (110=10 marks ) 1. CISG 1980 mainly concerned about the rules of Payment, such as T/T, Collection, or L/C. 2. Neutral packing means that the seller marks the trade mark or Brand designated on the package of the commodity or the commodity itself as buyer's request.(_ ) 3. Under FOB terms, the seller bears all the cost and the risk of conveyance up to the ship's rail and the buyer accepts the residue of the transit cost, including sea freight and insurance. () 4. Partial shipment means goods under one contract be shipped in more than one lot. ( ) 5. Perils of the Sea refers to the risks that occurs during sea transport of vessels or goods. Including Natural Calamity, Fortuitous Accidents and Special Extraneous Risk. ( ) 6. The following stipulation as "Soybean, moisture 15%, oil content 17%, admixture 1% " is the example of Sale by Description, which is one expression of quality. ( ) 7. "Brand designated by the buyer" means that there is neither a name of the origin, nor a name of the factory, nor a trade mark, a brand, or even any words on the packing of the commodity and the commodity itself. ( ) 8. "INCOTERMS" Helps the exporter and the importer agree on the terms of delivery and their interpretation ( ) 9. Under FOB liner terms, the seller will be responsible for the loading fees. ( ) 10. Transshipment means unloading and reloading from one vessel to another in transit from the

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