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International Trade Documentation Final Exam A

English (or Pinyin) Name:

Student number:
Across
An agreement between two or more countries to permit importation or exportation of goods between those countries without the payment of customs duties and to permit freedom of travel and employment and freedom of investment.
An area where goods may be received, stored, manipulated, and manufactured without entering a country’s customs jurisdiction and hence without payment of duty.
A check, drawn by a bank on another bank, customarily used where it is necessary for the customer to provide funds which are payable at a bank in some distant location.
(1) Under a letter of credit, the person who is entitled to receive payment, usually the seller (exporter) of the goods. (2) Under an insurance policy, the assured, or person who is to receive payment in case of loss or damage to the goods.
An amount paid by a licensee to acquire certain rights
A document which is incapable of transferring legal ownership or rights to possession of the goods by transfer or endorsement of the document.
A bill of lading in which the goods are consigned directly to a named consignee and not to the seller’s or buyer’s ‘‘order.’’.
The person at whose request or for whose account a letter of credit is issued
A set of sales and delivery terms issued by the International Chamber of Commerce and widely used in international trade.
An international customs document that may be used in lieu of national customs entry documents and as security for import duties and taxes to cover the temporary admission and transit of goods. Also called “ATA”
In a general sense, a person who acts on behalf of another person.
An ocean port and its adjacent area where imported goods may be temporarily stored and sometimes repackaged; manipulated;
The date on which a time draft must be paid.
2,240 pounds.
An abbreviated invoice sent at the beginning of a sale transaction, usually to enable the buyer to obtain an import permit or a foreign exchange permit or both.
The act of throwing the goods off a ship into the ocean to lighten the ship in time of peril.
A person who makes, creates, or issues a draft and instructs a purchaser to make payment to the that person or another person (‘‘pay to the order of’’).
Down
: One in which the goods are described as having been received in ‘‘apparent good order and condition’’ and without damage.
A person (usually the purchaser of goods) ordered in a draft to make payment.
A mark required on certain products imported to the European Community certifying that the product has been tested by an authorized certification agency and meets applicable standards, usually of safety.
A document issued by a carrier (railroad, steamship, or trucking company) which serves as a receipt for the goods to be delivered to a designated person or to her order.
A procedure whereby the customs authorities visit the premises of an importer or exporter and inspect documents and records and interview personnel.
The price at which banks or other currency traders are willing to buy or sell various currencies which a buyer may need in order to make payment.
A bill of lading issued by a carrier bearing a notation that the outward containers or the goods have been damaged.
The title of a standard clause often found in contracts for sale of goods or transportation exempting the parties from liability for non-fulfillment of their obligations by reason of certain acts beyond their control, such as natural disasters or war.
An office of a foreign government in the exporter (seller’s) country.
Excess time taken for loading or unloading of a vessel not caused by the vessel operator but due to the acts of a charterer or shipper.
The cost of unloading a vessel that is borne by the charterer.
A limitation or restriction on the quantity or duty rate payable on imported goods.
A negotiable instrument wherein a drawer orders a drawee to pay a fixed amount of money (with or without interest or other charges) described in the draft, payable on demand or other definite time.