Download EAR Final Exam with Answers: Understanding Export Regulations and more Exams International Business in PDF only on Docsity!
EAR Final Exam with answers
A company wishes to ship under an exceptions but cannot if - CORRECT ANSWERS ✔✔Prohibition 10 would be violated. (Knowledge Violation to Occur) section 736 Reason for exporting a product without applying for an export license - CORRECT ANSWERS ✔✔EAR Company wishes to export to France but determines the sale is to a denied persons who is under a standard denial order - CORRECT ANSWERS ✔✔we must apply for a license. (732. standard denials) When retaining records under the EAR.. - CORRECT ANSWERS ✔✔It is possible to retain reproductions instead of originals (762.5 Record keeping) We have a request for certificate of Origin - CORRECT ANSWERS ✔✔we must not violate the anti boycott regulations (760) Records must be kept for 5 years - CORRECT ANSWERS ✔✔from export or know reexport (762.6)
If a product is listed on the CCL but is being ship to a destination not controlled the item can be shipped as - CORRECT ANSWERS ✔✔NLR Items that are not enumerated on the CCL qualify as - CORRECT ANSWERS ✔✔EAR99- NLR The diversion clause states/ DCS - CORRECT ANSWERS ✔✔"These items are controlled by the U.S. Government and authorized for export only to the country of ultimate destination for use by the ultimate consignee or end-user(s) herein identified. They may not be resold, transferred, or otherwise disposed of, to any other country or to any person other than the authorized ultimate consignee or end-user(s), either in their original form or after being incorporated into other items, without first obtaining approval from the U.S. government or as otherwise authorized by U.S. law and regulations Under the Foreign Corrupt Practices Act an exporter is prohibited - CORRECT ANSWERS ✔✔from bribing a customs official to permit the entry of its products. A person may incur a civil penalty under 15 CFR 764.3 for - CORRECT ANSWERS ✔✔disclosing controlled technical data to a foreign nationals location within the US. General prohibition 1 refers to - CORRECT ANSWERS ✔✔Classification and control of an item.
The General Prohibitions forbid - CORRECT ANSWERS ✔✔proceeding with a transactions knowing a violations will occur. Parameters for EAR99 may be found in - CORRECT ANSWERS ✔✔in all categories of the CCL (15 CFR 774) a $4,000 shipment classified as 1C006.d.1 may ship to Ecuador - CORRECT ANSWERS ✔✔Under GBS exception ( group B 15 CFR
An example of SS control is - CORRECT ANSWERS ✔✔Horses by sea ( short supply) The US regulates Exports for - CORRECT ANSWERS ✔✔national security, short supply and foreign policy. If all General Prohibitions are met - CORRECT ANSWERS ✔✔It is ok to ship. our export licenses application may be to export product based on a given quantity in - CORRECT ANSWERS ✔✔Dollars, Kg and units of product. Violations of the EAR may result in - CORRECT ANSWERS ✔✔Being added to the DPL, Fines or imprisonment
an Example of an embargoed country - CORRECT ANSWERS ✔✔North Korea example of anti boycott violation is - CORRECT ANSWERS ✔✔stating that our products are not made in a specific foreign country. FCPA (Foreign Corrupt Practices Act) - CORRECT ANSWERS ✔✔criminalizing the act of paying foreign business or government leaders to get business, complained that this law put their businesses at a competitive disadvantage when bidding against non-U.S. companies, since foreign companies don't have to abide by it. major reason why export licenses are not approved - CORRECT ANSWERS ✔✔insufficient information License applications are generally made on - CORRECT ANSWERS ✔✔SNAP-R AES can be entered by - CORRECT ANSWERS ✔✔Exporter or freight forwarder A request can be fulfilled for - CORRECT ANSWERS ✔✔a certificate that our goods are made in the USA with materials from Canada
A little used control on the country chart is - CORRECT ANSWERS ✔✔AT anti-terrorism Which General Prohibition can apply to banks and freight forwarders - CORRECT ANSWERS ✔✔General Prohibition 7 General Prohibition 10 prohibits - CORRECT ANSWERS ✔✔proceeding with a transactions knowing a violation may occur an deemed export - CORRECT ANSWERS ✔✔occurs within the US For LVS shipments: - CORRECT ANSWERS ✔✔we refer to country group B on an EXW sale - CORRECT ANSWERS ✔✔the seller has the responsibility for Export compliance and AES filing. General Prohibition 8 covers - CORRECT ANSWERS ✔✔Transshipments LVS shipments - CORRECT ANSWERS ✔✔must stay under $ limit per HTS per shipment or total value for the year.
