单选题. ?/ ]/ K+ Q c( [. ~( e5 J
1. Documentary credit means payment against____ instead of against______. (D): ]( }: w5 Y2 t# e/ ^; e9 l
A. goods……documents B. acceptance……confirmation C. documents……acceptance D. documents……goods2 Z5 ]2 s4 k" D9 X2 s, [1 j
2. Detailed provisions dealing with the operation of documentary credit can be found in_____. (B)3 T+ i, _& A9 n6 O0 ^
A. ICC B.UCP C. INCOTERMS D. CMR convention
4 {6 \; Z2 g8 L 3. In a revocable credit, it is the____ who has the right to revoke the credit. (A). K1 u; I$ V0 Q8 v
A. buyer B. seller C. advising bank D. issuing bank
* e4 N+ z; j4 A) l 4. The____ bank should ensure that the seller‘s documents are drawn up in accordance with the credit terms before such documents are paid for and forwards to the____ bank for final reimbursement. (C)
& I/ E4 h! Q5 C0 V A. issuing……negotiating B. advising……paying C. negotiating……issuing D. paying……advising
) H E- a0 p/ O' |% N 5. The banks on the buyer‘s side on L/C arrangement are____. (AD)
# O! c& b3 C7 z! p2 K% o A. issuing bank B. advising bank C. negotiating bank D. paying bank
1 l) F" u0 ? d \( {# ^ 6. _____ published by the ICC contains detailed provisions dealing with the operation of documentary credit. (B)
4 z0 V: M) Q) C A. Hague Rules B. UCP600 C. Incoterms2000 D. CMR convention! c6 \7 |- c5 a1 y b8 k+ ?' } Z
7. In the practice of L/C transaction, the buyer is not required to pay for the goods until the arrival of the relevant____. (C)9 b* g% v: j( f# h% @9 Y# K
A. B/L B. invoice C. documents stipulated by L/C D. L/C+ a6 s6 L, o9 v; H
8. According to documentary credit, the____, on receipt of letter of credit, will have to prepare shipment of the contract goods within the delivery date. (D)
. [2 X8 m- m2 g) o3 ~' U: | A. agent B. customer C. buyer D. seller4 w* f( D/ C6 H/ |* F! L
9. Which of the following statements are true about documentary credit_____? (ABCD)
9 U" s5 X7 K+ E7 U; f. ^ g A. documentary credit means payment against document instead of against goods
* o* M, w t. f% l* G2 | B. all the documentary credits are operated through banks
! t" \1 D- ?8 Z2 I, c( ^' W1 P7 B4 q C. the buyers is not required to pay for the goods until the arrival of the relevant shipping documents
9 d) M8 a5 I. U) y: ~( W5 B D. the documents transfer title to the goods |