国际结算练习三

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1、国际结算练习题三PracticesforInternationalsettlement1.Choosethetrueanswerofthefollowingsentences.(1)AcreditisissuedbyBankofChina,TianjinandconfirmedbyBankofChina,London.Itconstitutesthepaymentundertakingof()(A)onebankonly(B)abovetwobanks(2)Acreditcontainsthetermsasfollows:“Theamountshallreneweda

2、ftereachnegotiationonlyuponreceiptofissuingbankasnoticestatingthatthecreditmightberenewed"thecreditis()rcstorationtorevolve.(A)automatic(B)non-automatic(C)semiautomatic(3)Whenacreditisissuedbyfullcableinfulldetails,suchcableadvice()anoperativecredit・(A)is(B)isnot(4)SupposeanL/Csaysonesh

3、ipmentof"100,000yardsofwire".WhichquantitiesfailtocomplywiththeL/C.()(A)94,000yardsofwire(B)100,000yardsofwire(C)97,000yardsofwire(D)106,000yardsofwire(5)Ifthecreditrequiresinsurancepolicy,thepresentationofaninsurancecertificate.Itis()(A)permissible(B)notpermissible(6)AnL/Cstatesanamoun

4、tofamountofaboutUSDL450.00andpartialshipmentarcnotallowed.Whichofthefollowingdrawingarenotacceptable?()(A)USD1,590.00(B)USD1,310.00(C)USD1,596.00(D)USD1,304.00(7)Aletterofcreditis(A)aformalguaranteeofpayment(B)aconditionalundertakingtomakepayment(C)anunconditionalundertakingtomakepaymen

5、t(D)atwobankguaranteeofpayment(8)Withanunconfirmedirrevocableletterofcredit,(A)thetermsandconditionscanbeamendedorcancelledunilaterallybyanyparty(B)onlytheexportercanamendthecredit.(C)theadvisingbanktransmitsdetailswithoutcommitmenttothebeneficiary.(D)theissuingbankhastheabilitytocancel

6、thecreditatanytime.(9)Aconfirmedirrevocableletterofcredit(A)carriestheconfirmationoftheissuingbank(B)theadvisingbankattherequestoftheissuingbank.(C)theadvisingbankafterthereceiptofcorrectdocumentation.(D)theissuingbankafterthereceiptofcorrectdocumentation.(10)Inanydisputeoverthetermsand

7、conditionsofthecredit,whichinterpretationwillprevail?(A)UniformCustomsandPractice(B)Incoterms©Statutelaw(D)Internationallaw(12)Astand-byletterofcredit(A)isneverrevoked(B)isnotaletterofcredit(C)isinvokedintheeventofnon-compliancebybuyerorsellerwiththetermsofanoriginal(D)isinvoke