国际结算练习(程丽萍)答案完整版

Exercise 1
一、 Make choice of whether the following bills are acceptable or not. Mark X before acceptable or unacceptable you chose.
(1) A bill shows: pay to ABC Co. providing the goods in compliance
with contract the sum of one thousand US Dollars. It is acceptable /unacceptable.
(2) A bill shows: pay to ABC Co. the sum of ten thousand US dollars
on condition that shipment of goods has been made. It is acceptable /unacceptable.
(3)A bill shows: On demand pay to the order of ABC Co. the sum of
twenty thousand US dollars drawn against shipment of 10bales cotton
piece goods from Tianjin to London.It is acceptable/ unacceptable.
(4)A bill shows: pay to ABC Co. out of proceeds of sale of woollen
blankets the sum of one thousand US dollars. It is acceptable / unacceptable.
(5)A bill shows: pay from our No. 2 account to ABC Co. the sum of
one thousand US dollars. It is acceptable /unacceptable.
(6) A bill shows: pay to ABCCo. or order the sumof one thousand pounds and debit our No. 2 account. It is acceptable /unacceptable.
(7) A bill shows :after customs clearance pay to the order of ABCCo. the sum of twenty thousand US dollars.It is acceptable/ unacceptable.
(8)A bill shows: pay to Mary the sum of fifty pounds and give her
a suit of clothes. It is acceptable /unacceptable.
(9)A bill shows: pay to the order of ABC Co. the sum of one thousand pounds plus interest. It is acceptable /unacceptable.
二、 (1) A bill is payable at XX days after sight, what date is the
day from which time of payment begins to run?
The date of acceptance
(2)A bill is payable at XX days after date,what date is the day from
which time of payment begins to run?
The date of issuing
(3) The maturity of one month after 31 Jan. is28 Feb
(4) The maturity of 180 days after 4 April is 1 Oct
(5) The maturity of 180 days from 6 Nov.1999 is 3 May. 2000
三、 Fill in the following blank forms to draw a bill of exchange. The bill includes the requisite items as follows:
(1)date: 22 May,200X
amount: GBP21,787.00
tenor: at 90 days after sight
drawer: China National Animal By products Imp.& Exp. Corp, Beijing
Branch, Beijing
drawee: Bank of Atlantic, London
payee: the Order of China National Animal By product Imp.& Exp.
Corp, Beijing Branch
(2)date: 23 July,2000
amount: USD 35,461.50
tenor: on 31 Oct, 2000 fixed
darwer: George Anderson Inc, New York
drawee: Irving Trust Company, New York
payee: Brown and Thomas Inc. or order
drawn against shipment of cotton form Australia to St. Louis.
EXCHANGE forGBP 21787.00Beijing ,22.May200X At90 days after sight pay this first bill of
exchange
(Second of same tenor and and date unpaid) to the order of China
National Animal By product Imp.& Exp Corp, Beijing Branch the
sum of
SAY GBP TWENTY ONE THOUSAND SEVEN HUNDRED AND EIGHT SEVEN ONLY Drawn
To bank of Atlantic,London For China National Animal By Products
Imp&Exp.Corp Beijing Branch ,Beijing
XXX
(2)
USD 35,461.50New York ,23 July EXCHANGE for
200X At31 Oct,2000 fixed pay this first bill of exchange (Second of same tenor and and date unpaid) to the order of
Brown and Thomas Inc.or order the sum of SAYUSDOLLARSTHIRTYFIVE THOUSANDFOURHUNDREDANDSIXTY ONEPOINT FIVE ONLY
Drawn against shipment of cotton from Australia St. Louis
To Bank of Atlantic,For George Anderson Inc.
New York New York
XXX
四、 Please answer, fill the blank in or made choice of the
following question.
EXCHANGE for GBP 5,000.00London, 1 Apirl 200X
At60 days after sight pay this first bill of exchange (Second of same tenor and and date unpaid) to the order of Bank
of Australia
the sum of
FIVE THOUSAND POUNDS ONLY
To The Import Co.,For The Export Co.,
Melbourne London
Signature
(1) Prefer to the above bill, the holder i.e.Bank of Australia has the right transferring it to other person, or the right of presentment
for acceptance and/or claim for payment to The Import Co. Melbourne.
If the latter refuses to pay, the holder has the right of recourse against the Exporting Co. London
(2)The payee ’s London Office wishes to transfer the bill to Bank of
New Zealand, Auckland, please make a restrictive endorsement.
Pay to Bank of New Zealand, Auckland only
For Bank of Australia
signature
(3) Please make a blank endorsement.
For Bank of Australia
signature
(4) Having made an endorsement in blank, the holder send the bill to
Bank of New Zealand, Auckland who wishes to convert this blank endorsement into a special endorsement to themselves. Please makethis special endorsement.
Pay to the order of Bank of New Zealand, Auckland only
For Bank of Australia, London
Signature
(5) If the condition is“on delivery of B/L No. 125”, please make
a conditional endorsement.
Pay to Bank of Australia or order on delivery of B/L No. 125
For Bank of Australia, London
Signature
(6) If payee’s London office wishes to send the bill to their Melbourne office
for
collection, please make an endorsement for collection.
Pay to the order of Bank of Australia Melbourne office only
for collection
For Bank of Australia, London
Signature
(7)Refer to the above bill, a banker designated as payer is Bank of
Melbourne, Melbourne. Date of acceptance is 10 April, 200X. Please
make acceptance of such bill indicating its maturity.
Accepted
10 April, 200X
9 June, 200X
Payable at Bank of Melbourne, Melbourne
For the Importing Co.
Signature
五、 Choose the best answer to each of the following questions
CCCBCBBA
Exercise 2
P1ease answer.fill the blank in or make choice of the following
questions ．
1、There are four parties in a
remittance.i.e.(1)remitter(2)payee
(3)remitting bank and (4)paying bank
2、Remittance through a bank from one country to another may usually
be made by one of the following methods：
(1) Telegraphic Transfer(2)Mail Transfer(3)Banker’s Demand Draft
3、(1)Payment in advance which is adopted in international trade is
usually effected by remittance.and is advantageous to (× exporter ／□ importer)．
(2)Payment after arrival of goods which is adopted in international
trade is usually effected by remittance too .and is advantageous
to ( □exporte r ／×importer) ．
(3)Payment after arrival of goods include two types of goods for
ly
①Goods Sold②Consignment.
4、Financial documents mean bills of exchange.promissory notes.cheques ．
Commercial documents mean invoices.transport
documents.documents of title or other similar documents．
5、C1ean collection means collection of financial documents not
accompanied by commercial documents
6、Documentary collection means collection of
(1)Financial documents accompanied by commercial documents.or
(2)commercial documents not accompanied by financial
documents.
7、How many parties are there in a collection ?
(1)Principal(or seller)(2)Remitting Bank
(3)Collecting bank(4)Drawee(or buyer)
8、Terms of delivery of documents are as follows：
(1)Delivery of documents against payment .its abbreviation
is D/P.
(2)Delivery of documents against acceptance.its abbreviation
is D/A.
9、(1)The remitting bank has maintained an account with the collecting
bank.how do you write collecting proceeds instructions in the collection instruction.Whencollected please credit our account with you under your cable/airmail advice to us
(2)The Collecting bank has maintained an account with the
remitting bank.how do you write co11ecting proceeds instructions in
the collection instruction?
Please collect the proceeds and authorize us by cable/airmail debit your accountwith us
10、Remitting bank：Bank of China.Tianjin
Paying bank ： Bank of China.Luxemburg
Date of cable：9 June
Test ：2563
Ref No ．208TT0219
Amount：USD l.660.00
Payee： Marie Clauda Dumont.Luxemburg
Account No ．0—164／7295／550with
Banque International du Luxemburg
Message：Payroll
Remitter ： Crystal Palace Hotel.Tianjin
Cover ： Debit our H.O. account
FM：BANK OF
CHINA ,TIANJIN
TO：BANK OF
CHINA ,LUXEMBURG
DATE：9
JUNE
TEST 2563．208TT
OUR REF
0219
NOT ANY CHARGES FOR US
PAY USD 1660.00
TO BANQUE INTERNATIONAL DU LUXEMBURG
FOR CREDITING ACCOUT
NO.0-164/7295/550
OF MARIE CLAUDA
DUMONT ,LUXEMBURG
MESSAGE PAYROLL
ORDER CRYSTAL PALACE
HOTEL ,TIANJIN
COVER DEBIT OUR H.O.
ACCOUNT
11、
MT100
CUSTOMER TRANSFER
DATE： 031206
SENT TO： BKCHCNBJ200
BANK OF CHINA.TIANJIN
：FM： 04HSBCHK25264
HONG KONG AND SHANGHAI BANKING
CORPORATION.HONGKONG ：20： TRN：TT-HKH315064BACP
：32A：VALUE DATE／CUR CODE／AMT
DATE：031206 CURRENCY CODE：CNY AMDUNT：6.859.58：50： ORDERING CUSTOMER：
ARTHUR ANDERSEN AND CO.
：57s：“ ACOOUNT WITH”BANK：
BANK OF CHINA.TIANJIN BR. TIANJIN.CHINA
：59： BENEFICIARY CUSTOMER
TIANJIN INTERNATIONAL TAXATION CONSULT1NG BUREAU ：
70： DETAILS OF PAYMENT：
PAYMENT TO RENT AND TAX FOR NOV．2003
：71A：DETAILS OF CHARGES：BENEFICIARY
：72： BANK TO BANK INFORMATION：
IN COVER SETTLE THRU OUR CNY／AC 111— 01081
WITH
YOUR BEIJING HEAD OFFICE
In accordance with above SWIFTMessage Type l00 please write a cable text of remittance.
DATE; 6TH DEC,2003
TO:BANK OF CHINA, TIANJIN BR TIANJIN CHINA
FM: HONGKONG AND SHANGHAI BANKING
CORPORATION,HONGKONG TION,HONGKONG
OUR.REF: TT-HKH315064BACP VALUE DATE 6 DEC
1998 CNY 6859.58
ORDERING ARTHUR ANDERSEN AND CO.ACCOUNT WITH BANK BANK OF
CHINA, TIANJIN BRANCH TIANJIN BENEFICIARY TIANJIN INTERNATIONAL
TAXATION CONSULTING, BUREAU DETAILS OF PAYMENT PAYMENT OF
RENT AND TAX FOR NOV.1998 DETAILS OF CHARGES
BENEFICIARY IN COVER SETELE THRU OUR CNY A/C 111-01081
WITH YOU BEIJING HEAD OFFIC
12、Draft NO ．20060613
Amount：HKD32.150.00
Place and date of draft：Tianjin.8 May.200X
Paying bank ：Bank of China.HongKong
Payee ：the order of United Trading Company.HongKong
Pay against this draft to the debit of our account
Remitting bank：Bank of China.Tianjin
Remitter：
China-National Light Industrial Products Imp ．＆ Exp ．Corp..
Tianjin Branch.Tianjin
P1ease draw a demand draft to make remittance by D／D .
13、(1)China National Instruments Imp．＆Exp．Corp.. Tianjin
Branch.Tianjin (principa1) wishes to issue a draft dated 14 Ju1y.200X
drawn on Continental Co. , 46 Rue de Ancient.Paris (drawee) at sight for USDl.200.00 payable to the order of Bank of China.Tianjin
(remitting bank) which will make a special endorsement to Banque of
Paris .Paris.marked “Drawn against shipment of 20 sets of
transistors shipped per s．s．Chenghau from Tianjin to Le Harve for collection.”
P1ease draw a draft to meet the above requirements．
(2)The principa1 presents an application for collection accompanied by
draft and documents to the remitting bank for collection．
An application for collection shows as follows：
Commercial documents surrendered are below：
B ／L in triplicate
Invoice in triplicate
Insurance policy in duplicate
certificate of origin in duplicate
packing list induplicate
Co11ection instructions are given below：
deliver documents against payment
remit the proceeds by airmail
airmail advice of payment
collection charges outside China from drawee.waive if refused by him．airmail advice of non-payment with reasons
protest waived
When collected. please credit proceeds to principal’s account with remitting bank．
Remitting bank complete a collection instruction in accordance
with principal ’s application to add other requirements as follows:
Ref ．No．OC2576459
Date：15 July.200X
Please co11ect and remit proceeds to Bank of China.New York for credit of our account with them under their advice to us．
Please produce a collection instruction
attaching draft and documents to be forwarded to the co11ecting
bank.Banque of Paris.Paris.
(COLLECTION INSTRUCTION)
Exercise 3
Please answer.fill the blank in or make choice of the fo1lowing questions ．1、Here is the simple definition of letter of credit:
In simple terms.a letter of credit is a conditional bank promise /undertakingof payment．
2、There exists a triangular contractual arrangement under a documentary credit operation：
(1) Firstly.the sales contract between beneficiary and applicant．
(2) Secondly.the applicant between applicant and issuing bank.
(3)Thirdly.the documentary credit between issuing bank and beneficiary．
3、 A credit stipulated that quantity of goods.grade A 60%.quantity of
goods.grade B 40% ． Beneficiary presented invoices being evidenced grade
A 40%.grade
B 60% which were in accordance with sales contract as he said
that the credit has stipulated erroneously．
(1)□ The above invoice is acceptable.
(2)The above invoice is not acceptable．
4、How many parties are there in a documentary credit?
(1) the issuing bank
(2 ) the applicant if any
(3) the beneficiary
5、The advising bank’s liability is to check the apparent authenticity
of the credit．
6、 All credit must stipulated an expiry date for presentation for payment .
7、If the amount is preceded by “about ”,“ approximately”or“ circa”, the credit will allow the10% tolerance.
8、In the absence of indicating the nature of a credit.it shall be deemed to be irrevocable
9、Under an irrevocable credit.the issuing bank must undertake primary liability for payment .
10、What is the essence of an irrevocable documentary credit?
The essence of an irrevocable documentary credit is that“ an irrevocable credit can neither be amended nor cancelled without the agreement of the issuing bank.the confirming bank (if any)and the beneficiary”．
11、A credit should not be issued available by draft(s) on the applicant．If the credit nevertheless calls for draft on the applicant, banks will
consider such draft(s) as an additional documents
12、An issuing bank’s undertaking clause is as follows：
We hereby undertake to pay at sight against draft and／or documents presented to our office in conformity with terms of credit．
Who undertakes the primary liability?Issuing bank
13、A bank confirms a credit.it will usually write a clause as follows：
We hereby add our confirmation to the credit and undertake to honour
drafts and documents inconformity with the terms of the credit upon
presentation them
to us
14、A credit is issued by Bank of China.Tianjin and confirmed by Bank of
China.London ． It constitutes the payment undertaking of
(1) 口 one bank only ．
(2)above two banks ．
15、Put ╳ in relative check box of the following sentences or fill the blanks
to issue an irrevocable unconfirmed documentary credit which is to expire
on or before 30 June.200X and is available with the advising bank.the
Industrial and Commercial Bank of China , Shanghai by deferred
payment at30 days after presentation of documents against the documents ．
(1) In Irrevocable Documentary Credit Form(Advice for the advising bank)
We request you to advice beneficiary：
①without adding your confirmation．
②口 adding your confirmation．
③口 adding your confirmation if requested by the beneficiary．
(2) In Notification of Irrevocable Documentary Credit Form
①This notification and the enclosed advice are sent to you without
any engagement on our part．
②口 As requested by the issuing bank.we hereby add our confirmation
to this credit in accordance with the stipulations under UCP500．(3) In Irrevocable Documentary Credit Form(Advice for the beneficiary)
Expiry date and place for presentation of documents
expiry date：30 June.200X
place for presentation：Shanghai
credit available with the Industrial and
Commercial Bank of China
①口 by payment at sight
② by deferred payment at30 days after presentation of documents
③口 by acceptance of draft(s) at
④口 by negotiation
against the documents detailed herein
⑤and beneficiary's draft(s) drawn on
the Industrial and Commercial Bank of China
16、Put X in relative check box of the following sentences or fill the
blanks to issue an irrevocable credit which is to expire on or before 30
June.200X and is available with the issuing bank.Dresdner Bank, Hamburg
by acceptance of draft(s) at 90 days sight．
In Irrevocable Documentary Credit Form (Advice for the beneficiary)
Expiry date and place for presentation of documents
expiry date：30 June.200X
place for presentation：Hamburg
credit available with Hamburg
①口 by payment at sight
②口 by deferred payment at
③by acceptance of draft(s) at90 days sight．
④口 by negotiation
against the documents detailed herein
⑤and beneficiary’s draft(s) drawn on Dresdner Bank
17、An irrevocable negotiation (with the advising bank)documentary credit
will expire on 29 May.200X．
at：①口(place of issuing bank)／②(place of advising bank)／③口(place of other bank)
available with：name and place of／④口(issuing bark)／⑤(advising
bank) ／⑥口 (other bank)
by ：⑦口 (sight payment) ／⑧口 (deferred payment at) ／⑨口 (acceptance of draft at)／⑩negotiation
against the documents detailed herein
and beneficiary's draft(s) drawn on name and place of／口(issuing bank) ／口(advising bank)
18、A new transferable credit maybe opened at the request of the first beneficiary by the transferring bank in accordance with all terms and conditions of original credit except that
① the applicant may be changed by the first beneficiary
② the credit amount and unit price maybe reduced
③the shipment and expiry dates and latest date for presentation of
documents maybe shortened
④ the percentage of insurance cover maybe increase
⑤ the original transferable credit allows the first beneficiary to substitute hisinvoice and draft for those presented by the second beneficiary
19、Whomakes first presentation of documents to the nominated bank under
a transferable credit?
①口 The first beneficiary．
② The second beneficiary．
③口 The middleman ．
20、SWIFTMT700 and MT 701 are used for issue of a documentary credit．
SWIFT MT 707issued for amendment to a documentary credit．21~30 BBCBC CCDAD
31、Please fill with the following terms into a SWIFTMT700form to issue
a documentary credit：
ADVISING BANK: BANKOF ASIA.
SHENZHEN BRANCH
NO．68 SHEN NNAN ROAD.
CENTRAL.SHENZHEN 518043.GUANGDONG
DOCUMENARY CREDIT NUMBER
E-0l-N-04939
ISSUING BANK: BANKOF ASIA.HK
BENEFICIARY：
SHENZHEN BUILDING MATERIALS
INDUSTRY (GROUP) CO STONE
DEPARTMENT l0／F BUILDING MATERIALS
BLDG.28 SHENNAN ZHONG ．RD
SHENZHEN .CHINA
ACCOUNT NO．6251420110002
APPLICANT:
NEWTOWER DEVELOPMENT LIMITED
ROOM 2504-5 CAUSEWAY BAY PLAZA
489 HENNESSY ROAD.CAUSEWAY BAY.
HONGKONG
CUR AMOUNT：
USD34.800.00
DRAFTS AT SIGHT
QUOTING NO．AND DATE OF THIS LC AND
NAME OF LC ISSUING BANK
DRAWEE：
ISSUING BANK FOR FULL INVOICE VALUE
＋FULL SET OF CLEAN ON BOARDOCEAN BILLS OF LADING
MADE OUT TO ORDER OF BANK OF
ASIA.HO.HONGKONG MARKED FREIGHT PREEPAID AND
NOTIFY NEWTOWER DEVELOPMENT LIMITEDROOM
2504-5 CAUSEWAY BAY PLAZA 489 HENNESSY ROAD.
＋SIGNED COMERRCIAL INVOICE
＋MARINE INSURANCE POLICY OR CERTIFICATE ENDORSED
IN BLANK
BY THE ASSURED FOR AT LEAST 110% OF THE CIF
VALUE COVERING F． P． A． AS PER OCEAN MARINE
CARGO CLAUSES (1／1／1981) OF PICC SHOWING
CLAIMS PAYABLE AT
DESTINATION IN THE SAME CURRENCY AS．DNINSURANCE TO
INCLUDE THE RISKS OF JETTISION AND WASHING OVER BOARD IN CASE OF SHIPMENT BY CONTAINER
＋PANKING LIST
＋BENEFICIARY’ S CERTIFICATE ADDRESSED TO
ISSUING BANKCONFIRMING THEIR ACCEPTANCE
AND／ OR NON-ACCEPTANCE
OF ALL THEAMENNDMENTMADEUNDERTHIS CREDIT QUOTINGTHEREVALENT
AMENDMENT NUMBER．
IF THIS CREDIT HAS NOT BEEN AMENDED.
SUCH CERTIFICATE IS NOT REQUIED．
INSTRUCTIONS TO THE PAYING /ACCEPTING /
NEGOTIATING BANK：
+EACH DRAWING BE ENDORSED ON THE
RERSE BY PRESENTING BANK
+ALL DOCUMENTS TO BE DESPACHEDTO ISSUING BANK
IN ONE LOT BY FIRST AVAILABLE AIRMAIL
+ON RECEIPT OF DOCUMENTS CONFORMlNG TO
THE TERMS OF THIS DOCUMENTARY CREDIT WE
SHALL REIMBURS YOU IN
ACCORDANCE WITH YOUR INSTRUCTIONS
SWIFT MT 700 FORM
DATE：X X/04/20
FORM：(1)BANKOF ASIA ,HK
TO：(2)BANKOF ASIA.SHENZHEN BRANCH
NO．68 SHEN NNAN ROAD
CENTRAL.SHENZHEN 518043.GUANGDONG
TEST 71-3315
MT 700／ISSUE OF A DOCUMENTARY CREDIT
：27／SEQUENCE OF TOTAL：1/1
：40A／ FORM OF DOCUMENTARY CREDIT：IRREVOCABLE
：20／(3) DOCUMENARY CREDIT NUMBER
E-0l-N-04939
：31C／ DATE OF ISSURE (YYMMDD) X X/04/20
：31D／ DATE AND PLACE OF EXPIRE (DATE IN YYMMDD)：XX0615 IN BENEFICIARY ’ S COUNTARY
：50／(4) APPLICANT:
NEWTOWER DEVELOPMENT LIMITED
ROOM 2504-5 CAUSEWAY BAY PLAZA
489 HENNESSY ROAD.CAUSEWAY BAY.
HONGKONG
：59／(5) BENEFICIARY
SHENZHEN BUILDING MATERIALS
INDUSTRY (GROUP) CO STONE
DEPARTMENT l0／F BUILDING MATERIALS
BLDG.28 SHENNAN ZHONG RD
SHENZHEN .CHINA
：32B／ (6) CUR AMOUNT
USD34.800.00
：41A／ AVAILABLE WTIH
BANKOFASIA
SHENZHEN BRANCH
BY NEGOTIATION
：42C／ (7) DRAFTS AT SIGHT
QUOTING NO．AND DATE OF THIS LC AND
NAME OF LC ISSUING BANK
：42D (8)DRAWEE
ISSUING BANK FOR FULL INVOICE VALUE
：43T／ PARTIAL SHIPEMTS：ALLOWED
：43T／ TRANSHIPMENT： ALLOWED
：44A／ LOADING ON BOARD／DISPATCH／TAKING IN CHARGE AT／ FROM：CHINESE PORT
：44B／ FOR TRANSPORTATION：TOHONGKONG
：44C／ LATEST DATE OF SHIPMENT(YYMMDD)：XX0531
：45A／ DESCRIPION OF GOOS AND／OR SERVICES：
1200 SQ．M．OF PINK POLISHED GRANITE TILES
AT USD29.00／SQ．M．
CIF HONGKONG
：46A／ DOCUMENTS REQUIRED：
(AT LEAST IN DUPLICATE卫UNLESS OTHERWISE SPECIFIED)
(9)+ SIGNED COMERRCIAL INVOICE
+ FULL SET OF CLEAN ON BOARDOCEAN BILLS OF LADING
MADE OUT TO ORDER OF BANK OF ASIA.HO.HONGKONG
MARKED FREIGHT PREEPAID AND NOTIFY
NEWTOWER DEVELOPMENT LIMITEDROOM 2504-5
CAUSEWAY BAY PLAZA 489 HENNESSY ROAD
+ MARINE INSURANCE POLICY OR CERTIFICATE ENDORSED
IN BLANK
BY THE ASSURED FOR AT LEAST 110% OF THE CIF VALUE
COVERING F．P．A．AS PER OCEAN MARINE CARGO
CLAUSES (1 ／ 1／ 1981) OF PICC SHOWING CLAIMS
PAYABLE AT
DESTINATION IN THE SAME CURRENCY AS DN．INSURANCE TO
INCLUDE THE RISKS OF JETTISION AND WASHING OVER BOARD IN
CASE OF SHIPMENT BY CONTAINER
+PANKING LIST
+BENEFICIARY ’S CERTIFICATE ADDRESSED TO
ISSUING BANKCONFIRMING THEIR
ACCEPTANCE AND ／OR NON-ACCEPTANCE
OF ALL THE AMENNDMENTMADE UNDERTHIS CREDIT QUOTING THE
REVALENT AMENDMENT NUMBER
IF THIS CREDIT HAS NOT BEEN AMENDED.
SUCH CERTIFICATE IS NOT REQUIED．
INSTRUCTIONS TO THE PAYING /ACCEPTING / NEGOTIATING
：47A／ ADDITIONAL CONDITIONS：
+CREDIT AMOUNT AND SHIPMENT QUANTITY％5MORE OR LESS
+DOCUMENTS MUST BE PRESENTED WITHIN 15 DAYS AFTER THE DATE OF SHIPMENT BUT WITHIN THE VALIDITY OF THE CREDIT
+DOCUMENTS MUST BE PRESEVTED TO CREDIT ISSUING BANK (ADDRESS-20 PEDDER ST CENTRAL．HK．ATTN．INWARD BIILS DEPARTMENT)
THOUGH BANK OF ASIA.SHENZHEN BRANCH
+A DISCREPANCY FEE OF USD30．00 (OR EQUIVA LENT) AND THE
RELATIVE CABLE CHARGES FOR ADVISING DISCREPANCY TO
NEGOTIATING ／ PRESENTING BANK ARE PAYABLE BY BENEFICIARY AND
SHALL BE DEDUCTED FROM THE PROCEEDS FOR EACH PRESENTATION OF DISCREPANT DOCUMNTS UNDER THIS DOCUMENTARY CREDIT ：71B／ CHARGES：
ALL BANKING CHARGES OUTSIDE HONGKONG
INCLUDING REIMBURSING CHARGES
ARE FOR ACOOUNT OF BENEFICIARY
：49／CONFIRMATION INSTRUCTIONS：WITHOUT
：78／(10)INSTRUCTIONS TO THE PAYING /ACCEPTING / NEGOTIATING BANK +EACH DRAWING BE ENDORSED ON THE
RERSE BY PRESENTING BANK
+ALL DOCUMENTS TO BE DESPACHEDTO ISSUING BANK IN ONE LOT BY FIRST AVAILABLE AIRMAIL
+ON RECEIPT OF DOCUMENTS CONFORMlNG TO
THE TERMS OF THIS DOCUMENTARY CREDIT WE SHALL
REIMBURS YOU IN
ACCORDANCE WITH YOUR INSTRUCTIONS
：72／SENDER TO RECEIVER INFORMATION：
SUBJECT TO UCP (1993 REVISION) ICC PUBLICATION NO.500
THIS IS THE OPERATIVE INSTRUMENT
NO MAIL CONFIRMATION WILL FOLLOW
NNNN
二、 Decide whether the following statements are true or false.
TFTFF。