It is used before concluding the transaction

2. Complete the following on the basis of the information given the text:

1. A commercial invoice, a bill of lading and insurance policy are considered---------basic documents

2. Detailed description of goods to be sold is---- commercial invoice

3. A commercial invoice gives exact data on----- on the price and joint value of goods in question, terms of their delivery, details on their packing, marking

4. The commercial invoice also helps to identify whether all the detail---they are exactly up to the contract or previous requirements of the importer.

5. An invoice is usually written in because they are required.

6. A consular invoice may help the buyer to know the origin of the goods

1.Trade documents play an important role in the conduct of various trade transactions.

2. Trade documents are divided into basic and additional information.

3. Additional documents contain information about the origin, delivery, type, condition, etc. of the goods.

4. What type of trade documents are invoices, insurance policies and transport documents?

5. The invoice gives a complete description of the goods and confirms that the goods fully comply with the contract or the requirements of the importer.

6. The exporter and importer should carefully review the trade documents and pay attention to every word.

7. A bill of lading is an important document in the shipment of goods by sea.

8.Currency Swap is an agreement between two countries in mutual settlements in different currencies.

9. Futures contracts are documents for the sale of securities, goods in the future.

10. Various futures transactions occur on the commodity exchange

Lesson 11