Export Documentation & Compliance Flashcards
7 cards from real CES practice questions. Tap to flip, then mark Knew It or Still Learning — missed cards come back until you master them.
Read the first 7 Export Documentation & Compliance flashcards as text
Under a Letter of Credit, which party is responsible for ensuring that all presented documents strictly comply with the L/C terms?
Answer: The issuing bank
The issuing bank (and confirming bank if any) is responsible for examining documents to ensure strict compliance with L/C terms before authorizing payment.
Which U.S. government agency issues licenses for items on the U.S. Munitions List (USML)?
Answer: Directorate of Defense Trade Controls (DDTC)
The Directorate of Defense Trade Controls (DDTC) within the State Department issues export licenses for defense articles and services controlled under ITAR.
What does the term 'deemed export' refer to under U.S. export control law?
Answer: Releasing controlled technology to a foreign national within the U.S.
A deemed export is the release of controlled technology or source code to a foreign national in the United States, which is regulated as if the technology were exported to that person's home country.
Which INCOTERM 2020 rule obligates the seller to deliver goods cleared for import, with all duties paid, at the named destination?
Answer: DDP (Delivered Duty Paid)
DDP (Delivered Duty Paid) places maximum obligation on the seller, who must deliver goods cleared for import with all duties and taxes paid at the named destination.
A Certificate of Origin issued under USMCA must certify that goods originate in which region to qualify for preferential tariff treatment?
Answer: The United States, Canada, or Mexico
Under USMCA, a Certificate of Origin must certify that the goods originate in the United States, Canada, or Mexico to qualify for preferential tariff rates.
What is the primary purpose of a Dangerous Goods Declaration (DGD) in export shipments?
Answer: To certify that hazardous materials are properly classified, packed, and labeled per IATA/IMDG regulations
A Dangerous Goods Declaration certifies that hazardous materials have been properly identified, classified, packaged, marked, and labeled in accordance with applicable transport regulations.
Under U.S. export regulations, what is the 'de minimis' rule?
Answer: Foreign-made products containing a small percentage of U.S.-controlled content may not require a U.S. export license
The de minimis rule allows foreign-made items incorporating controlled U.S.-origin content below a specified percentage threshold (typically 25% or 10% for embargoed countries) to be exported without a U.S. license.