Among the kinds of documentary credits subject to UCP600, from which can the beneficiary get two banks irrevocable undertaking to pay if complying documents are presented.. Appear to hav
Trang 1Part 1 单项选择
1 Among the kinds of documentary credits subject to UCP600, from which can the beneficiary get two banks irrevocable undertaking to pay if complying documents are presented
A. Irrevocable credit
B. Transferable credit
C Confirmed credit
2 Which transport document of the following is not a goods title 物权?
A. Bill of lading
B. Multimodal transport documents承运人具有货物的决定权及“物权”
C Air waybill
3 Under an irrevocable credit, who must undertake primary liability责任 for payment?
A. The applicant
B The issuing bank
C. The nominated bank
4 With reference to ( ), the expression “transshipment转 运 not allowed” is not a binding捆 绑 term under credit transaction
A Air transportation
B. Marine transportation
C. Insurance policy
5 Silent默认 confirmation保兑 is an arrangement made between ( )
A Beneficiary and advising bank
B. Issuing bank and advising bank
C. Beneficiary and applicant
6 A credit can be transferred ( )
A From the first beneficiary to the second beneficiary
B. From the second beneficiary to the third beneficiary
C. From the applicant to the beneficiary
7 As for a freely negotiable credit, which bank acts as a transferring bank?
A. the advising bank
B the specifically authorized bank
C. any negotiating bank
8 Of documentary credit and documentary collection in international trade, ( ) is better for the seller as it means a bank’s irrevocable undertaking to pay
A The former
B. The latter
C. Neither
Trang 29 Which abbreviation缩写词 of the following is for uniform统一 customs and practice for documentary credits?
A UCP
B. URC
C. URDG
10 ( ) means “free on board a vessel” at the loading port, for which the seller does not supply insurance documents
A FOB
B. CFR
C. FCA
11 According to Incoterms 2000, which one of the below trade term is recommended推荐 when the credit requires an
air waybill marked freight prepaid to the airport of destination?
A. CFR
B CPT
C. FCA
12 If an exporter is willing to release the shipping documents directly to the buyer, but wishes to retain 保 留 some guarantee of payment should the buyer fail to pay on the due date, which of the following documentary credit best suits the exporter’s needs
A. Transferable
B Standby
C. Revolving
13 How many working days does an issuing bank have to as certain 确定 whether the documents are in compliance under a credit subject to UCP600?
A 5
B. 6
C. 7
14 Besides insurance company or its agent, the party who is also qualified to sign insurance document is ( )
A Underwriter承保人
B. Broker经纪人
C Proxy代表
15 Under CUP600 what is the minimum insurance amount acceptable when the credit requires the invoice amount
be CIF USD1000?
A. USD1000
B USD1100
C. USD1200
Trang 316 Collections should not contain包 含 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付款人 upon ( ) and the presenting bank is not responsible for any consequences
结果 arising out of any delay of payment (A, 522 Art 7 c)
A The drawee’s payment
B. The drawee’s acceptance
C. A guarantee to pay
17 In the case of 为了documents payable at sight the presenting bank must make presentation for payment ( )
A. Within seven working days
B. Within 3 working days
C Without delay
18 In the case that the L/C accepts on deck bill of lading, a set of bill of lading with the notation标记“shipped on deck” instead of “shipped on board” appearing thereon is acceptable
A. Right
B Wrong
C. It’s arguable
19 ( ) in collection transactions, when documents presented lack bills of exchange, the remitting bank托 收 行, upon request of the drawer收 款 人, may instruct either the collecting bank代 收 行 or the drawee付 款 人 to create the bills of exchange instead with proper合适的 requirements as to依据 their form and wording措辞 (C, Art.8 of 522 )
A. Unless the remitting bank agrees
B. Unless the presenting bank agrees
C No conditions needed无条件
20 An L/C stipulated that the expiry date for negotiation was May 1, 2003
A 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 documents
B. In the light of UCP600, the L/C was badly issued
C. This stipulation can be disregarded The period of presentation of documents would be 21 days after date of shipment
21 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 photocopy
B. A document titled “invoice/bill of lading” in 1 photocopy
C The L/C is not clear, but it’s better to present an invoice and a BL each in photocopy
22 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 discrepant
B. The air waybill was OK because the L/C did not prohibit the alterative of the consignee
C The air waybill was OK because this alternative 变更 was allowed by the ISBP
空运单据不是物权凭证，因此不应做成“凭指示”式或“凭某具名人指示”式抬头。
使该单据没有做成“凭指示”式或“凭某具名人指示”式抬头，也可接受。
Trang 4如果信用证未规定到货被通知人，则空运单上的相关栏位可以空白，或以任何方式填写。
23 Which of the following clauses or notations记号 appearing on the face of the transport document would preclude阻 止、不被接收 it from being accepted?
A Oil drums 桶 are leaking 漏
B. Highly flammable易燃的 material or potentially explosive爆炸 material
C. Refrigerated冷藏 seafood, may spoil损坏 during voyage航行
24 A beneficiary receives an irrevocable documentary credit for which USD22,500.00 may be drawn支 取 during each month of the documentary credit’s one-year validity The documentary credit also indicates that reinstatement复原
is on a cumulative累 积 、 渐 增 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 credit’s validity, the beneficiary expects to make a final shipment What is the maximum value available for this final drawing?
A. USD112,500.00
B. USD135,000.00
C USD157,500.00
25 A documentary credit states that shipment must be made on or about"于或约于"/“在或大概在” 27 june Which
of the following shipment dates would be acceptable?
1 20 June
2 27 June
3 02 July
4 03 July
A. 1 and 2 only
B. 1 and 4 only
C 2 and 3 only
26 When an advising bank has accepted a time/usance习 惯 支 付 期 限 draft under an advised documentary credit, they are responsible for effecting payment at maturity成熟 when ( )?
A. they have received funds from the issuing bank
B. they have received funds from the reimbursing bank
C the draft is presented by the beneficiary
27 In accordance with UCP all the following statements relating to commercial invoices under a non-transferable documentary credit are correct EXCEPT the commercial invoices must ()
A Be manually 手签 signed by the beneficiary
B. Be made out it the name of the applicant
C. Appear to have been issued by the named beneficiary and indicate the description of goods corresponding with the documentary credit
28 Which of the following Incoterms is correctly described?
Incoterm Insurance required Transport document
Trang 529 Which party has the most responsibility责 任 to examine the terms and conditions of a documentary credit against
the sales agreement?
B Beneficiary
C. Issuing bank
30 In the case of针 对 a non-cumulative累 积 的 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 USD10,000.00
2 The face value of the credit is USD 60,000.00
3 The amount(s) not utilized利用 in one month may be carried over to the next
4 The total undertaking of the issuing bank is USD60,000.00
A. 1 and 3 only
B 1 and 4 only
C. 2,3 and 4 only
PART TWO 多项选择
1 An L/C calls for a certificate of origin issued by the ICC, which of the following samples are acceptable?
A B C.
ICC
CERTIFICATE OF ORIGIN
Xxxx
Signed by Smith
CERTIFICATE OF ORIGIN XXXXXXXX
Signed by Smith Director of ICC
CERTIFICATE OF ORIGIN
XXXXXXXX
Signed by Smith
2 Which of the following documents must be dated?
A Packing list
B Drafts
C Transport documents
D Insurance documents
Trang 63 L/C: a packing list and a weight list Are the following packing lists acceptable under the above L/C?
A B C
PACKING LIST
“Packing and weight details
shown”
“Packing and weight details shown”
PACKING & WEIGHT LIST
“Packing and weight details shown”
4 What does “exporting country” means?
A. Country where the beneficiary is domiciled住所，家
B. Country where the L/C is advised
C Country of receipt of the goods by the carrier
D Country of origin of the goods or country from which shipment/dispatch 派遣 is made
5 What documents must be signed under the UCP 600?
A Certificate of origin
B. Invoice
C Transport documents and insurance documents
D Drafts and declaration声明
6 Which of the following documents are original documents?
A A photocopy with manually 手签 signature
B An invoice produced on beneficiary’s letter-headed paper without signature and/or not indicating
“original”
C. A signed document transmitted through a fax machine, though absent an original signature
D A document with “original” on it
7 Which of the following L/C is suitable to ask for a draft?
A Available by negotiation
B. Available by deferred payment
C Available by acceptance
D Available by payment
Trang 78 We issued the L/C as follows:
L/C expired: Dec 27, 2005 at beneficiary’s country
Latest shipment date: Dec 06, 2005
Period of presentation: documents to be presented within 21 days after date of shipment 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, 2005
B B/L on board date: Dec 01, 2005, all documents presented on Dec 31, 2005
C B/L on board date: Dec 10, 2005, all documents presented on Dec 25, 2005
D B/L on board date: Dec 01, 2005, all documents presented on Dec 15, 2005
9 Which of the following documents are not considered as transport documents under UCP600?
A Delivery order and mate’s 大付收据 receipt
B Forwarder’s certificate of receipt and forwarder’s cargo receipt
C. Air waybill and bill of lading
D Warehouse notes/receipt
10 For the correction修改 and alternation轮流 contained in the following documents, which need be authenticated证
明?
a. Correction and alternation in commercial invoice visaed by XXX consulate
b. Correction and alternation in packing list issued by the manufacturer
c Correction and alternation drafts issued by beneficiary 汇票除外
d. Correction and alternation in certificate of origin issued by beneficiary
11 If an actual date of dispatch离 港, though not required by the L/C subject to UCP600, to be shown on the air waybill, which date below is deemed视为 to be the shipment date?
A. Flight date: June 12, 2006 shown in the box for “carrier’s use only”
B. Flight date: June 15, 2006
C Actual date of dispatch: june 17, 2006 made by a stamp
D. A or B
12 Select the statements that correctly express the meaning of the UCP
A An L/C is independent of relative contract even if it is expressly 清楚的、特意的 referred to by the L/C
B. If the L/C opening application bears any ambiguity模 棱 两 可 in its instruction, the issuing bank should bear the risk to issue or amend the L/C
C If the applicant has accepted the discrepancies 不 符 点 , the issuing bank can still refuse the documents
D. Once a beneficiary accepts an L/C he must execute执行 it
Trang 813 Under an L/C indicating the goods description as “frozen beef 牛 肉” and requiring invoice, B/L, packing list, certificate of origin, please determine决定 the documents which are acceptable
A. Invoice indicating rhe goods description as “beef”
B B/L indicating the goods description as “beef”
提单上的货物描述可以使用与信用证规定不矛盾的货物统称。
C. B/L indicating the goods description as “goods shipped as per invoice presented”
D Certificate of origin indicating the goods description as “goods shipped as per invoice presented”
产地证必须签字，不一定有货物描述，但是必须显示日期。
14 A credit available with ( ) is also available with ( )
A a nominated bank, the issuing bank信用证可以指定议付行，议付行是由开证行指定；
B. the issuing bank, a nominated bank
C. advising bank, transferring bank
D confirming bank, the issuing bank信用证可以指定保兑行，保兑行是由开证行指定；
15 how would the issuing bank exercise control over the goods by air?
A. insist upon holding the consignor发货人’s copy of the air waybill
B insist 坚持 upon holding original air waybill for the consignee 收货人
C insist upon being named as consignee 收货人 of the goods on the air waybill
D. insist upon full set of air waybills to be presented
16 A documentary credit calls for presentation of an insurance certificate Which of the following insurance documents would be acceptable for CIF shipment where the invoice value is USD75,000 ?
A insurance certificate for USD82,500
B insurance policy for USD85,000
C. insurance declaration for USD75,000
D. insurance certificate for USD75,000
17 the letter of credit requires “three copies of inspection certificate issued by CCIC” The documents presented as follows Which is acceptable?
A in 3 originals
B in 3 copies
C in 1 original and 2 copies
D in 2 originals and 1 copy
18 an issuing bank has issued a sight documentary credit to a beneficiary authorizing授权 a nominated bank 被指定银
行 to pay the beneficiary for all documentary presented in accordance with the documentary credit terms and conditions Upon receipt of complying 遵 从 documents drawn 出 具 under the documentary credit directly from the beneficiary, the issuing bank should 开证行收到受益人直接提交的单据，则:
A examine the documents and pay the beneficiary
B. verify核实 the documents and pay the nominated bank
C. return the documents to the beneficiary for presentation to the nominated bank
D. remit免除 the documents to the nominated bank for examination
Trang 919 under which of the following situation, the on board notation记 号 on B/L should also indicate the actual port of loading?
A. when B/L contains the indicating “intended计划 vessel” or similar相似 qualification资格 in relation to the vessel
B when B/L indicates the port of loading of the credit in the column 栏 “place of receipt” rather than
in the column 栏 of “port of loading”
C when B/L contains the indicating “intended 计划 port of loading” or similar 相似 qualification 资格
in relating to the port of loading
D. when B/L indicates that “goods have been received in appearance good condition”
20 which of the following statements about transferable L/C is correct?
A in case of 尽 管 freely negotiable L/C, the issuing bank should specifically nominate 指 定 in the credit a bank as the transferring bank
B. the transferable L/C could be transferred more than once
C the transferable L/C could be transferred to more than one second beneficiary if partial shipment/drawing is not prohibited
D. refusal拒绝 of an amendment by one second beneficiary will invalidate the acceptance(s) by the other second beneficiary (ies)
Part Three 是非判断
1 W would charter party B/L be acceptable when the L/C calls for an ocean B/L
2 R an L/C calls for CFR shipment The B/L is marked “freight paid”运 费已 付 and “free out运费 付清”, would this
be acceptable?
3 R an L/C calls for FOB shipment and B/L marked “freight collect”运费到付, the B/L is marked “freight collect” and
“free in免费”, would this be acceptable?
4 W an L/C calls for an ocean B/L and delivery on FOB terms Would a B/L be acceptable if marked “freight payable
as per charter party”运费可由每一个租船方支付?
5 W an L/C calls for an AWB showing “actual flight date” When received, the AWB shows this information but in a
box marked “for carrier’s information only” Would this be acceptable?
6 W under “documents required” and L/C lists both “certificate of origin” and “GSP form A” only the latter document
is presented by the beneficiary Would this be acceptable?
7 R an L/C calls for a certificate regarding the vessel “to be issued by the carriers承运 人” The B/L has been issued
by Borneo Shipping Pte Ltd as agents for the carrier, Nyk Line Borneo Shipping has also issued the certificate as agents for Nyk Line Would this be acceptable?
8 W an L/C calls for presentation of a copy telex/fax to the applicants giving certain information The document presented is the beneficiary’s signed certificate that they have sent such a telex to the applicant (the certificate also
lists the information sent which is accurate and complete) Would this be acceptable?
9 R an L/C calls for “commercial invoice”, when presented, the invoice, which has been computer-generated, is not
marked “original”, it does however bear an original manual手签 signature Would this be acceptable?
10 R A beneficiary presents documents within the expiry date of the L/C but they contain discrepancies 不 符 点 The beneficiary collects the offending错 误 documents for correction (leaving the rest with the bank) and in due预 定 course 过程presents correct documents, however, in the interim暂时的、过渡期的 the L/C has expired Should the bank now reject the documents for “credit expired”?
Trang 1011 W an L/C (which allows transshipment转运) calls for shipment from a UK airport The AWB shows goods on a flight from Paris to London then transshipment to another flight from London to the ultimate 最 终 的 destination as specified in the L/C would this be acceptable?
12 R an L/C issued in favour of 证实a beneficiary in Galle加勒, Srilanka斯里兰卡 calls for a certificate of origin issued
by the “local chamber of commerce”, when presented it has been issued by the chamber of commerce in Colombo 科伦坡, srilanka斯里兰卡 Would this be acceptable?
13 R an L/C calls for ocean shipment from “western Europe to south korea” In full utilization利 用 of the L/C, the documents presented include 3 sets of ocean B/L all showing the same vessel/voyage but 3 different ports of loading (all within western europe) and 3 different ports of discharge (all in south korea) Does this constitute evidence of partial shipment?
14 R an L/C subject to UCP600 specified that the L/C number must be quoted in all documents presented The
commercial invoice did not quote the L/C no and issuing bank refused payment Is the issuing bank correct in its refusal?
15 W is the following invoice acceptable or not?
Description of the goods in an L/C is: 1000 pieces of towels毛巾
L/C amount: USD1000
Invoice presented shows: Towels: 1000 pieces
Total value: USD 1000
Samples of cap: 20 free of charge
Part Four 判断正误
1 F Having transferred the full shipment/expiry dates and presentation period and made the L/C available in the
transferee’s country, the first beneficiary cannot now substitute替 代 documents after the L/C has expired or late presentation occurred
2 F part shipments/drawings are prohibited unless otherwise stated in the L/C.
允许分批支款或分批装运 UCP600.
3 F unless otherwise stated in the L/C, transport documents must show the L/C beneficiary as shipper/ consignor发 货人
4 F an L/C calls for invoices in triplicate When presented, they are identical computer-generated documents none of
which is marked original However, this is acceptable as the L/C only stated triplicate, not original and two copies
5 F an insurance policy is acceptable in lieu代替 of an insurance certificate and vice versa
6 F according to article 13 of UCP600, if the credit stipulates that a claiming bank must supply a certificate of
compliance with the terms and conditions of the credit when making reimbursement claim, the reimbursing bank can
disregard不理会 such a stipulation规定
7 T a bill of lading with pre-printed wording to show that the goods have been loaded on board can simultaneously同
时 bear a dated on-board notation标记 In such a case the date of the on-board notation will be deemed认为 to be the date of shipment whether it is earlier or later than the issuance date or the two are the same
8 F if the bill of lading indicates a place of receipt or taking in charge different from the port of loading, the on board
notation标 记 must also include the port of loading stipulated in the credit and the name of the vessel on which the goods have been loaded, even if they have been loaded on the vessel named in the bill of lading This provision 规
定 does not apply when loading on board the vessel is indicated by pre-printed wording on the bill of lading
9 F terms such as “first class”, “well-known”, “independent”, “local”, “official”, “qualified”有资格的, “competent” 有能力