国际商务单证实用英语

第十三章国际商务单证实用英语PART 1I. Please fill in the blanks with appropriate answers.1. In documentary collection transactions, the terms 'D/P' stands for .__, and 'D/A' standsfor__2. Draft is also called__3. The payment method 'L/C' stands for__4. The ocean transport documents 'B/L' stands for __5. According to UCPS00, in credit operations al parties concerned deal with__ and notwith goods, services, and/or other performances to which the __ may relate.6. The shipper on the B/L is also called __7. According to the regulations of Customs House, all exit and entry means of transportation,cargos articles of international consignment must go through the procedures of __8. The trade terms DEQ stands for __9. The bank adds its own undertaking to an irrevocable L/C in addition to the issuing bankat the issuing bank's authorization or request is called the .__ bank.10.According to regulations, __-- declaration and __ declaration must be made for dangerous cargos. Ⅱ.True or false questions (Please w rite " √ " for the correct statement, and " x"for theincorrect statement).1.The buyer (as applicant) should specify in the application form the documents to bepresented and the terms and conditions to be complied with.2 The banks channel the documents but also give their payment undertaking under theprocedure of a documentary collection.3.The documentary credit structure provides the seller with an independent bank undertaking of payment.4.The buyer of the goods and/or services may 'also be known, as the importer, opener, applicant, accountee, or principal.5The documentary credit provides only the seller with independent assurance in respect of the exchange of goods for payment.6If the L/C calls for " Beneficiary' s certified copy of shipment advice by fax to the applicantadvising shipment details", then banks will accept a documents titled as "shipment advice"without any signature and/or date produced on a fax machine.7.Red clause L/C is also called "reciprocal L/C".8. Both transferable L/C and back-to-back L/C involve a middleman as a seller andsubstitution of documents.9.For an unconfirmed L/C, a negotiating bank may negotiate with recourse to the beneficiary.10.Unless otherwise allowed in the L/C, insurance document should be issued in the samecurrency as the L/C.Ⅲ. Multiple choice questions (Of following questions, there is only one correctanswer to each question. Please select the correct answer. ).lWe are looking forward to __ your inquiry at an early, date.A. receiveB. receivingC. receivedD. having received2The above offer is our final confirmation.A. subject withB. subject inC. subject toD. object to3.According to UCPS00, which of the following words used in connection with the amount of theCredit or the quantity or the unit price stated in the Credit are NOT construed as allowing a difference not to exceed 10% more or less in the amount or the quantity or the unit price to which they refer?A. circaB. approximatelyC. circsD. about4.According to INCOTERMS 2000, the trade terms __ means that the seller delivers the goods, cleared for export, to the carrier nominated by the buyer at the named place.A. FCAB. EXWC. CFRD. DAF5According to INCOTERMS 21300, when the seller only makes the goods available to thebuyer at the seller's premises, the corresponding trade term isA. DDUB. EXWC. FOBD. DDP6UCP500 categorizes L/Cs into four types. Which type of IZC does not fall into that categorization?A. sight payment L/CB. acceptance L/CC. negotiation L/CD. confirmation L/C7According to UCP500, which of the following documents must be issued/drawn by the beneficiary unless otherwise stipulated by the Credit?A. draftB. packing listC. inspection certificateD. fax8When the credit calls for a draft drawn on the applicant, according to UCP500, how willbanks treat such draft?A. Banks may disregard such requirement.B. Banks may accept a draft drawn on the issuing bank in lieu of one drawn on the applicant.C. Banks will consider the draft as an "additional document.D. Banks will t~" to persuade the applicant to amend the Credit to delete sueh requirement.9A bank that adds its undertaking to a Credit at the request of the issuing bank is called the:A. advising bankB. nominated bankC. reimbursing bankD. confirming bankl0. Letter of credit, by their nature, are __ transactions from the sales confirmation or other contract on which they may be based, and bank are in __ way concerned with or bound by such contract.A. separate.., anyB. separate.., noC. associated.., all theD. affiliated.., any11.If a Credit requires "an inspection certificate issued by a well-known inspector",A. the certificate may be issued by anyone.B. the certificate may be issued by the beneficiary.C. the certificate must be signed, dated and issued in one original and one copy.D. the certificate must not be issued by the beneficiary and must appear to comply with theother terms and conditions of the Credit.12. The Credit requires an ocean bill of lading showing port of loading as Shanghai and port of discharge as Long Beach. The bill of lading shows the place of receipt as Xi' an, the port ofloading as Shanghai, the port of discharge as Seattle and the final destination as Long Beach.Which of following statements is correct.'?A. The bill of lading is discrepant because the port of discharge is incorrect.B. The bill of lading is acceptable.C. The bill of lading is discrepant because it is multimodal transport bill of lading.D. The bill of lading is discrepant because it shows a place of receipt not indicated on theCredit.13.Which party(ies) is/are mentioned in the UCPSO0 who will disregard non-discoumentary conditions?A. third partyB. beneficiaryC. banksD. any party14.Based on the UCP500 article covering marine/Ocean Bills of lading, which one of the below wording is the correct definition of transshipment?A. Unloading and reloading from one mode of transport to another during the course of the shipment.B. Unloading and reloading from one vessel to another vessel during the course of ocean carriagefrom the port of loading to the port of discharge.C. Unloading and reloading from one means of conveyance to another means of conveyance in different modes of transport during the course of the carriage.D. Unloading and reloading from several means of transportation to another during the courseof the carriage.15.What is the percentage of. tolerance in the drawing amount when the IMC prohibits partial shipments?A. 10% or lessB. NoneC. 3% or lessD. 5% or less16Based on the UCP500, what should be the minimum insurance coverage in the insurance document when the Letter of Credit is for USD550,000.00 and the commercial invoicecontains the following information?Total merchandise value USD1,100, 000. 00Less advance payment USD550,000.00Net due under the Letter of Credit USD550,000.00A. USD1,210,000.00B. USD605,000.00C. USD550,000.00D. USD710,000.0017A transferable Credit can be transferred only on the terms and conditions specified in the original credit with the exception of:A. any unit price, credit amount, expiry date, latest date for presentation, period forshipment, insurance percentageB. credit amount, expiry date, presentation days, insurance percentage, period forshipment, document requirementsC. credit amount, expiry date, any unit price, latest date for presentation, period forshipment, insurance percentage, drafts and invoicesD. any unit price, credit amount, expiry date, latest date for presentation, period forshipment, insurance percentage, tenor of the draft18. According to UCP500, when the first beneficiary under a transferable credit fails to present draft(s) and invoice(s) for substitution upon first demand, the transferring bank has the right to:A. contact the issuing bank for instructionsB. contact the first beneficiary once more and wait for instructionsC. create a draft(s) and invoice(s) on behalf of the first beneficiary for substitutionD. forward the second beneficiary's draft(s) and invoice(s) to the issuing bank19.Based on INCOTERMS 2000, which of the following INCOTERMS is applicable whenunder the contract the seller is not responsible for obtaining the export license?A. FCAB. EXWC. DAFD. FAS20According to International Standard Banking Practice, if a Credit is silent in its requirements of a date on any of the following documents, then the document does not need to be dated is: A. draft B. transport documentC. insurance documentD. packing list21. According to International Standard Banking Practice, which of the following statements regarding the expression of "shipping documents" is correct?A. all documents required by the CreditB. transport documents onlyC. invoice, transport documents, and insurance policy or certificateD. all documents (not only transport documents), except drafts, required by the Credit22.According to UCPS00, banks shall disregard following expressions in the letter of credit except:A. promptB. immediatelyC. 'aboutD. as soon as possible23If L/C does not stipulate whether partial shipments are allowed or not, which of the following statements is applicable?A. Partial shipments are allowedB. Partial shipments are not allowedC. Refer to the issuing bankD. Refer to the beneficiary24.If an applicant intends that the L/C expire for presentation at the issuing bank with drafts drawn on the issuing bank at 60 days after sight, how should the L/C be made available?A. by acceptanceB. by deferred paymentC. by sight paymentD. by negotiation25.If the beneficiary intends to transfer partial or full mount of the letter of credit to thefinal supplier, what kind of terms should the letter of credit stipulate to meet thebeneficiary' s needs?A. transmissible IMCB. assignable L/CC. divisible L/CD. transferable L/C26.According to UCP500, all the following statements relating to commercial invoices under a non - transferable L/C are correct except that they must:A. be manually signed by the beneficiaryB. be made out in the name of the applicantC. appear to have been issued by the named beneficiaryD. indicate the description of goods corresponding with the L/C27.An L/C requires an inspection certificate to be issued by a competent authority. According to UCP500, banks may accept an inspection certificate issued by following parties except:A. applicantB. beneficiaryC. SGS .D. third party manufacturer28.IMC calls for merchandise as "(1) 100 tours of wheat; (2) 1130 pairs of shoes", partial shipments are prohibited. Which of following invoice is unacceptable according to UCP500 and L/C terms?A. Invoice showing: (I) 95 tons of wheat (2) 96 pairs of shoesB. Invoice showing: (1) 105 tons of wheat (2) 1(30 pairs of shoesC. Invoice showing: (1) 106 tons of wheat (2) 100 pairs of shoesD. Invoice showing: (i) 100 tons of wheat (2) 95 pairs of shoes29Prior to advising a Documentary Credit to the beneficiary, the Advising Bank is responsiblefor:A. effecting payment against conforming documentsB. checking the apparent authenticity of the Documentary CreditC. notifying the Issuing Bank that the Documentary Credit is being advisedD. checking that the reimbursement method is effective30.If an exporter is willing to release the shipping documents directly to the buyer, but wishes to retain some guarantee of payment should the buyer fail to pay on the due date, which of the following WCs BEST suit the exporter's needs?A. TransferableB. RevolvingC. StandbyD. Evergreen31. Under DDP terms, who is responsible for all import requirements and payments in addition?A. ImporterB. ExporterC. Issuing bankD. Confirming bank32.L/C may be payable at all but one of die following locations:A. Confirming Bank's countersB. Nominated bank' s counters, or at the counters of any bank if the L/C is freely negotiableC. Issuing Bank's countersD. Reimbursing Bank's counters33.The beneficiary ABC Export Co. receives an amendment from the advising bank thatstates:* IJC now extends to Jan. 31, 2005 instead of Jan. 1st, 2005* Unit prices now reduces to USD1.50 instead of USD2.50.ABC Export Co. presented stipulated documents to the nominated bank C within thepresentation period of L/C on Jan. 25, 2005 and invoice showing unit price as USD2.50.Which of the following statements is correct according to UCP500 if documents are otherwisein order?A. Bank C should accept the documents since documents are presented within presentationperiod and validity of L/C according to the amendmentB. Bank C should reject the documents since the beneficiary only accepted part of theamendment to the L/CC. Bank C should accept the documents since ABC Export Co. presented documentsaccording to unit price stated in the original IMC and within the new expiry dateindicated in the amendmentD. Bank C should reject the documents since ABC Export Co. did not indicate in writingwhether they had rejected or accepted the amendment34When goods are in transit by track from Xi' an to Pakistan border, which trade terms in INCOTERMS 2000is normally used?A. CIPB. CPTC. DAFD. DEQ35.Which of the following INCOTERMS requires the exporter to supply insurance ?A. VASB. CFRC. ClFD. EXW36A bank that informs the beneficiary of the IMC received at the request of the issuing bank is called:A. Advising bankB. Nominated bankC. Reimbursing bankD. Confirming bank37.L/C states:Shipment schedule --First lot: T-shirts, latest date of shipment: June 20, 2005--second lot: skirts, latest date of shipment: July 1st, 2005Shipment must be effected in two separate lots.For the first lot, beneficiary shipped T-shirts on June 21, 2005 and the issuing bankrefused payment because of late shipment of the first lot.For the second lot, beneficiary shipped skirts on June 30, 2005 and presented documents to the issuing bank for payment.According to UCPSO0, which of the following statements is correct?A. Issuing bank may refuse payment because the shipment schedule stipulated in L/C is not followed.B. Issuing bank may refuse payment because the beneficiary did not ship the second lot onJuly lst, 2005 as stipulated in the L/C.C. Issuing bank may not refuse payment for both the first and the second lots because thelatest date of shipment is July 1*t, 2005.D. Issuing bank may not refuse payment because the second lot was shipped within the givenperiod stipulated in the Credit.38 If L/C calls for invoices in quintuplicate, which of the following statements is correct?A. Beneficiary may present two original invoices plus two copies.B. Beneficiary. may present four original invoices.C. Beneficiary may present four copies of invoices.D. Beneficiary may present at least one original invoice plus four copies of invoices.39. The beneficiary can minimize the risks of its failure to comply with L/C conditions byA. reading all the conditions of the L/C carefully as soon as they receive the L/CB. immediately requesting an amendment to the L/C terms if any of the conditions appear tovary from the commercial agreement, or if the beneficiary find it difficult to satisfy anyof the credit conditionsC. shipping the goods first to avoid late shipment and then immediately requesting anamendment to the L/ C terms if any of the conditions appear to vary from the commercial agreement, or if the beneficiary find it difficult to satisfy any of the creditconditionsD. obtaining a confirmation of the L/C by a bank in the beneficiary's country40.If L/C calls for an insurance policy, then the beneficiary should make sure of following except:A. the document tendered is not a cover noteB. the document tendered must be an insurance policyC. the date of cover is effectiveD. the risks must be covered as per PICC clausesIV. Multiple choice questions. (Of following questions, there are more than onecorrect answers to each question. Please select the correct answers to eachquestion.)1.If the remitting bank has honored documents against an indemnity in respect of discrepancies, the parties should be concerned with this indemnity are:A. the issuing bankB. the confirming bankC. the beneficiaryD. the remitting bank2The documents that am NOT documents of tide and NOT applicable to UCP transport Articles are:A. delivery orderB. FCRC. copy of ocean B/LD. original ocean B/L3.If L/C stipulates that "third party documents are acceptable", then according to International Standard Banking Practice, the acceptable documents presented under the IMC are:A. transport documents showing shipper as a part), other than the beneficiaryB. drafts issued by a party other than the beneficiaryC. invoices issued by party other than the beneficiaryD. weight lists issued by a party other than the beneficiary4According to UCP500 and International Standard Banking Practice, unless otherwise stipulated in the letter of credit, the documents requiring a signature am:A. certificateB. draftC. cargo receiptD. bill of lading5.An letter of credit calls for presentation of an insurance certificate. If the C1P value on the invoice is USD10,000.00, the acceptable insurance documents am:A. Insurance Policy for USD12,000.00B. Insurance Certificate for USD 11,000. 00C. Insurance Certificate for USD10,000.00D. lnsurance Declaration under Open Cover for USD10,000.006 An L/C states that shipment must be made on or about 27 June. Which of the following shipment dates would be acceptable?A. 20 JuneB. 27 JuneC. 02 JulyD. 03 July7.According to UCP500, the correct statements are:A. Draft is not required under sight payment IMCB. Draft is required under acceptance L/CC. Draft is not required under deferred payment L/CD. Draft may be required under sight payment L/C8.Importer ABC Co. and Exporter XYZ Co. have agreed in their sales contract to use L/C asthe payment method for sales of goods shipped from Shanghai port to New York port by sea, according to INCOTERMS 2030, the correct trade terms used are:A. CIF Shanghai (if price terms is on CIF basis)B. FOB Shanghai (if price terms is on FOB basis)C. CIF New York (if price terms is on CIF basis)D. FOB New York (if price terms is on FOB basis)9Which documents presented as described below do you consider complied with L/C terms and conditions?A. L/C calls for 'Packing List in triplicate', while L/C states in Additional Conditions 'Goodsto be packed in non wooden cartons'; Packing lists presented indicating 'goods have been packedin non--wooden cartons 'B. L/C does not call for a Shipment Advice, while L/C states in Additional ConditionsBeneficiary must advise shipment details to the applicant immediately after shipment';documents presented do not include a Shipment AdviceC. L/C calls for ' Certificate of origin in duplicate issued by Chamber of Commerce, while L/Cstates in Additional Conditions ' Country of origin: purely USA origin' ; Certificate ofOrigin presented showing: ' Country of origin -- Mexico and USA'D. L/C calls for Full set of ocean B/Ls issued to order and notifying applicant marked freightprepaid', while L /C states in Additional Conditions 'Shipment in FCL'; B/L presentedshowing 'FCL'10 L/C states ;,Goods descriptions --Coat as per contract No. 1234 is not an integral part of the 1St, 2005". Contract No.1234 dated Jan 1st ,2005.’The correct statements am:A. Banks should obtain a copy of the contract No. 1234 to cheek whether the goods descriptions shown on documents comply with those stated in such contract, since the L/C mentions that the goods should be as per contract .No. 1234B. Banks have no obligation to check the contract No. 1234 even if the L/C expresslyrefers to the contract number because the terms of a credit are independent of theunderlying transactionC. Banks can refuse payment if documents presented not in accordance with the contract.D. Banks can only refuse payment if documents presented not in accordance with the L/C.11.According to UCP500, the correct statements are:A. If L/C does not indicate whether it is revocable or irrevocable, then the L/C is revocableB. ff L/C does not indicate whether it is revocable or irrevocable, then the L/C is irrevocableC. If L/C does not indicate whether it is transferable or not, then the L/C is transferableD. If L/C does not indicate whether it is transferable or not, then the L/C is transferable12.According to UCPS00, in L/C operations all parties concerned with the following except:A. goodsB. servicesC. performances the documents relateD. documents13. According to UCP500, banks assume no liability or responsibility for the consequences arising out of:A. the interruption of banks' business by Acts of Cod, riots, civil commotions, insurrections,wars or any other causes beyond their control, or by any strikes or lockouts.B. the form, sufficiency, accuracy, genuineness, falsification or legal effect of any document (s),or the description, quantity, quality of the goods represented by any document(s).C. the failure to notify discrepancies within 7 banking days following the day of receipt of the documentsD. the delay and/or loss in transit of message(s), letter(s) or document(s), or other error(s)arising in the transmission of any telecommunication.14.The beneficiary has a responsibility to examine carefully the L/C received to ensure thatA. the beneficiary can obtain all the documents stipulated in the L/CB. all the terms and conditions of the L/C can be complied withC. the L/C is negotiableD. the L/C has been opened in accordance with the sales or other agreement15When filling in the Irrevocable L/C Application Form, the applicant should make sure thatA. all the contents of the sales contract must be included in the Irrevocable L/C Application FormB. all instructions must be complete and preciseC. excessive details are not includedD. all instructions must state precisely the documents against which payment, acceptance or negotiation is to be made16Unless authorized in the L/C, the beneficiary should ensure that B/LA. is not a "charter party" B/LB. is not a forwarder's B/LC. is not a third party shipper B/LD. is not a dirty B/LPART 2一、单项选择题(单项选择题的答案只能选择一个，多选不得分)Choose the best answer．1. During 2004，China’S import and export amount overran a trillion US dollars and b ecame a great trade country in the world．A．the third B．the fourth C．the fifth D．the sixth ．2．Under the trade term( )，the seller is not responsible for Export License．A．FCA B．EXW C．DAF D．FOB3．The( )is the person or company who has concluded a contract with the shipper for carriage of goods by sea．A．Shipper B．Forwarder agent C．Consignee 13．Carrier4．Under the trade term CIP，the( )bears all risks and any additional costs occurringafter the cargos have been delivered．A．Buyer B．Seller C．Consignee D．Forwarder agent5．Remittance is fl simple mode of international settlements，shortened form D／D means A．信汇B．电汇C．票汇D．汇票6．《国际货物托运委托书》的英文是( )。