1、5.Silent confirmation is an arrangement made between ( )A.Beneficiary and advising bankB.Issuing bank and advising bankC.Beneficiary and applicant6.A credit can be transferred ( )A.From the first beneficiary to the second beneficiaryB.From the second beneficiary to the third beneficiaryC.From the ap
2、plicant to the beneficiary7.As for a freely negotiable credit, which bank acts as a transferring bank?A.the advising bankB.the specifically authorized bankC.any negotiating bank8.Of documentary credit and documentary collection in international trade, ( ) is better for the seller as it means a banks
3、 irrevocable undertaking to pay.A.The formerB.The latterC.Neither9.Which abbreviation of the following is for uniform customs and practice for documentary credits?A.UCPB.URCC.URDG10.( ) means “free on board a vessel” at the loading port, for which the seller does not supply insurance documents.A.FOB
4、B.CFRC.FCA11.According to Incoterms 2000, which one of the below trade term is recommended when the credit requires an air waybill marked freight prepaid to the airport of destination?A.CFRB.CPT12.If an exporter is willing to release the shipping documents directly to the buyer, but wishes to retain
5、 some guarantee of payment should the buyer fail to pay on the due date, which of the following documentary credit best suits the exporters needs.A.TransferableB.StandbyC.Revolving13.How many working days does an issuing bank have to ascertain whether the documents are in compliance under a credit s
6、ubject to UCP600?A.5B.6C.714.Besides insurance company or its agent, the party who is also qualified to sign insurance document is ( )A.UnderwriterB.BrokerC.Proxy15.Under CUP600 what is the minimum insurance amount acceptable when the credit requires the invoice amount be CIF USD1000?A.USD1000B.USD1
7、100C.USD120016.Collections should not contain bills of exchange payable at a future date with instructions that commercial documents are to be delivered against payment. If collections contain such a bill with such instructions, documents will be released to the drawee upon ( ) and the presenting ba
8、nk is not responsible for any consequences arising out of any delay of payment. (A, 522 Art. 7 c)A.The drawees paymentB.The drawees acceptanceC.A guarantee to pay17.In the case of documents payable at sight the presenting bank must bank must make presentation for payment ( )A.Within seven working da
9、ysB.Within 3 working daysC.Without delay18.In the case that the L/C accepts on deck bill of lading, a set of bill of lading with the notation “shipped on deck” instead of “shipped on board” appearing thereon is acceptable.A.RightB.Wrong C.Its arguable19.( ) in collection transactions, when documents
10、 presented lack bills of exchange, the remitting bank, upon request of the drawer, may instruct either the collecting bank or the drawee to create the bills of exchange instead with proper requirements as to their form and wording. (C, Art.8 of 522 )A.Unless the remitting bank agreesB.Unless the pre
11、senting bank agreesC.No conditions needed20.An L/C stipulated that the expiry date for negotiation was May 1, 2003A.In the light of UCP600, the L/C was proper issued. But such a date will be deemed as the expiry date for presentation of documentsB.In the light of UCP600, the L/C was badly issuedC.Th
12、is stipulation can be disregarded. The period of presentation of documents would be 21 days after date of shipment21.An L/C requires: invoice/bill of lading in 1 photocopy. What should the beneficiary present?A.Invoice in 1 photocopy or BL in 1 photocopyB.A document titled “invoice/bill of lading” i
13、n 1 photocopyC.The L/C is not clear, but its better to present an invoice and a BL each in photocopy22.The transportation document called for was an air waybill issued to order of the applicant. The air waybill presented was issued to the applicant instead of to his order.A.The air waybill was discr
14、epant.B.The air waybill was OK because the L/C did not prohibit the alterative of the consigneeC.The air waybill was OK because this alternative was allowed by the ISPB23.Which of the following clauses or notations appearing on the face of the transport document would preclude it from being accepted
15、?A.Oil drums are leakingB.Highly flammable material or potentially explosive materialC.Refrigerated seafood, may spoil during voyage24.A beneficiary receives an irrevocable documentary credit for which USD22,500.00 may be drawn during each month of the documentary credits one-year validity. The docu
16、mentary credit also indicates that reinstatement is on a cumulative basis. Full monthly drawings were made during the first, second, fourth, fifth and seventh months and there have been no other drawings. In the last month of the documentary credits validity, the beneficiary expects to make a final
17、shipment. What is the maximum value available for this final drawing?A.USD112,500.00B.USD135,000.00C.USD157,500.0025.A documentary credit states that shipment dates would be acceptable?1.20 June2.27 June3.02 July4.03 JulyA.1 and 2 onlyB.1 and 4 onlyC.2 and 3 only26.When an advising bank has accepted
18、 a time/usance draft under an advised documentary credit, they are responsible for effecting payment at maturity when ( )?A.they have received funds from the issuing bankB.they have received funds from the reimbursing bankC.the draft is presented by the beneficiary27.In accordance with UCP all the f
19、ollowing statements relating to commercial invoices under a non-transferable documentary credit are correct EXCEPT the commercial invoices must ()A.Be manually signed by the beneficiaryB.Be made out it the name of the applicantC.Appear to have been issued by the named beneficiary and indicate the de
20、scription of goods corresponding with the documentary credit.28.Which of the following Incoterms is correctly described?IncotermInsurance requiredTransport documentA.CFRYesFreight CollectB.FOBNoFreight PaidC.FCA29.Which party has the most responsibility to examine the terms and conditions of a docum
21、entary credit against the sales agreement?A.ApplicantB.BeneficiaryC.Issuing bank30.In the case of a non-cumulative revolving documentary credit available for USD10,000.00 per month and valid for six months, which of the following statements is correct?1.The face value of the credit is USD10,000.002.
22、The face value of the credit is USD 60,000.003.The amount(s) not utilized in one month may be carried over to the next4.The total undertaking of the issuing bank is USD60,000.00A.1 and 3 onlyC.2,3 and 4 onlyPART TWO 多项选择1.An L/C calls for a certificate of origin issued by the ICC, which of the follo
23、wing samples are acceptable?A. B. C.ICCCERTIFICATE OF ORIGINXxxxSigned by SmithXXXXXXXXSigned by SmithDirector of ICCSigned by2.Which of the following documents must be dated?A.Packing listB.DraftsC.Transport documentsD.Insurance documents3.L/C: a packing list and a weight list. Are the following pa
24、cking lists acceptable under the above L/C?A. B. C. PACKING LIST“Packing and weight details shown”PACKING & WEIGHT LIST4.What does “exporting country” means?A.Country where the beneficiary is domiciledB.Country where the L/C is advisedC.Country of receipt of the goods by the carrierD.Country of orig
25、in of the goods or country from which shipment/dispatch is made5.What documents must be signed under the UCP 600?A.Certificate of originB.InvoiceC.Transport documents and insurance documentsD.Drafts and declaration6.Which of the following documents are original documents?A.A photocopy with manually
26、signatureB.An invoice produced on beneficiarys letter-headed paper without signature and/or not indicating “original”C.A signed document transmitted through a fax machine, though absent an original signatureD.A document with “original” on it7.Which of the following L/C is suitable to ask for a draft
27、?A.Available by negotiationB.Available by deferred paymentC.Available by acceptanceD.Available by payment8.We issued the L/C as follows: L/C expired: Dec 27, 2005 at beneficiarys countryLatest shipment date: Dec 06, 2005Period of presentation: documents to be presented within 21 days after date of s
28、hipment but within the validity of credit, state documents acceptable.Which of the following is acceptable?A.B/L on board date: Dec 01, 2005, all documents presented on Dec 25, 2005B.B/L on board date: Dec 01, 2005, all documents presented on Dec 31, 2005C.B/L on board date: Dec 10, 2005, all documents presented on Dec 25, 2005D.B/L on board date: Dec 01, 2005, all documents presented on Dec 15, 20059.Which of the following documents are not considered as transport documents under UCP600?A.Delivery order and mates receiptB.Forwarders certificate of receipt and forwarders ca
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