1. Compared unvalued Policy and valued Policy?

2. What is payment by open account? What are the risks for the exporter if he accepts payment
by open account?
3. What types of information are usually contained in a Defects Liability Provision?
4. How does Export Credit Insurance work? What are its disadvantages?
5. What is pre-delivery inspection?

1. Distinguish between product warranty and guarantee?

2. Give one example of the delivery of the exported Goods with a grace period. What are the
adv of this grace period for both exporter and importer?
3. Name 3 of the most comment problem with Insurance reported by banks when checking the
shipping documents submitted by Exporter?
4. What does it mean by “Disclaimer of warranty” Give example of a case like that.
5. Which method of payment is most favored by the buyer? Why

1. What makes a letter of credit watertight?

2. Distinguish confirmed and unconfirmed Letter of Credit
3. What should be noted on a marine Bill of lading for it to be acceptable as a shipping
document under a Letter of credit
4. What are the 2 common exclusion of what is not a defect? Give one example for each of
them.
5. Compare payment guarantee with pre-payment guarantee.

1. What counts as a patent defect? Give example.

2. What are the 3 outcomes of Force Majecure?
3. When does “discrepancy” occur in payment? What are the possible outcomes of discrepant
document?
4. Differentiate between liquidated damages and penalties.
5. What are the benefits of a well-designed set of specification?

Đề cô Dương Thủy 2019

1. Compare liquidated damages, Penalty and Quasi-Indemnity for late delivery from Exporter
2. What are the 2 principles that make letter of credit watertight? (chap 2)
3. Distinguished Confirmed and Unconfirmed L/C (chap 2)
4. Give 3 examples of notes that make a bill of lading not a clean one?
5. Which issues should a carefully-drafted force majecure clause contain?

Đề cô dương thủy 2018

1. What is a force majeure event and what are its possible outcomes?
2. Distinguished insured value and insured amount?
3. What role does each party in an L/C transaction play
4. what types of information are usually contained in a defects liability provision?
5. List all cases when a contract can be discharged