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2 a& V# C! G8 ~1 m, |5 o0 f, j 31. ( )Under DDP terms, who is responsible for all import requirements and payments in addition?
7 x/ }4 q! G* x# ] A. Importer
, p4 B. a! S' \" g4 ^9 L* F b B. Exporter
" ]5 I! ]& Y( ~3 s# g C. Issuing bank" ~( d! Z) a6 T0 n
D. Confirming bank
- z( f9 p. }" {4 E 32. ( )L/C may be payable at all but one of die following locations:" D+ g9 Z* }# r2 I' O, d" w4 S
A. Confirming Bank‘s counters
7 n6 }9 ^ L1 B7 ? B. Nominated bank‘ s counters, or at the counters of any bank if the L/C is freely negotiable
3 i! r8 L3 n2 n, L4 W C. Issuing Bank‘s counters
3 j m! w+ y$ U) b D. Reimbursing Bank‘s counters
# T/ p. M* `& u; ~6 \ 33. ( )The beneficiary ABC Export Co. receives an amendment from the advising bank that states:2 ^! i6 R* X* U: P
* IJC now extends to Jan. 31, 2005 instead of Jan. 1st, 2005
2 F& b3 t( ~. j$ u6 d; U * Unit prices now reduces to USD1.50 instead of USD2.50.# }7 f) r# }! _& \& ^
ABC Export Co. presented stipulated documents to the nominated bank C within the presentation period of L/C on Jan. 25, 2005 and invoice showing unit price as USD2.50.
, V2 |0 R3 ?) R; C5 H$ @ Which of the following statements is correct according to UCP500 if documents are otherwise in order?
+ v U5 a: i1 V p) f A. Bank C should accept the documents since documents are presented within presentation period and validity of L/C according to the amendment
9 b; s, x& l4 q* N4 C B. Bank C should reject the documents since the beneficiary only accepted part of the amendment to the L/C4 z! s" X$ `; ~6 J# g" l
C. Bank C should accept the documents since ABC Export Co. presented documents according to unit price stated in the original IMC and within the new expiry date
- V+ [ A6 {2 I4 j indicated in the amendment
& m; Y2 c. s" L) y D. Bank C should reject the documents since ABC Export Co. did not indicate in writing whether they had rejected or accepted the amendment8 K6 m/ v" l( X
34.( )When goods are in transit by track from Xi‘ an to Pakistan border, which trade terms in INCOTERMS 2000is normally used?
1 I0 z, ]) X3 z- [- l8 w! w A. CIP
\5 J% Q9 O' B2 \$ e B. CPT1 Z1 u! G* V2 G) b0 D7 k
C. DAF
0 I7 |) \. E% ] D4 W D. DEQ- w9 w- K F7 i" q- S; k/ b
35. ( )Which of the following INCOTERMS requires the exporter to supply insurance ?7 \5 g; F* _- q5 o/ O
A. VAS
. ?; ^8 r) v; \ B. CFR
7 H B& s n& S3 `+ | C. ClF6 D; |6 S* `3 k2 }2 Z
D. EXW
% x" o0 I) X) M- S 36. ( )A bank that informs the beneficiary of the IMC received at the request of the issuing bank is called:
: C' n2 w/ E; t/ Y A. Advising bank
6 K) [2 h- B8 x! n' ]1 M2 P B. Nominated bank
0 x( b& e% P; [1 n* S$ K C. Reimbursing bank
' m2 Y6 Y( z, M D. Confirming bank
3 y& D4 v7 ~: t- C: }2 G, ^ 37. ( )L/C states:
, D S' J2 U! G3 H: n F; H5 {4 R Shipment schedule First lot: T-shirts, latest date of shipment: June 20, 20059 y. \1 C- ] w& T0 U
second lot: skirts, latest date of shipment: July 1st, 20053 z5 E' Y% o% d* b( J
Shipment must be effected in two separate lots.
+ {; E4 `$ L8 _+ ] For the first lot, beneficiary shipped T-shirts on June 21, 2005 and the issuing bank
]4 ?& `% s3 Y) u4 ~! V* F7 L8 X; W- D refused payment because of late shipment of the first lot.$ F: N, R. g" G7 t" i8 e
For the second lot, beneficiary shipped skirts on June 30, 2005 and presented documents to' n: y# t, X [& k. A/ t K
the issuing bank for payment.
* t% }2 ]1 J: Q$ p+ W" c: T6 N- T According to UCPSO0, which of the following statements is correct?
3 B6 {+ r( d5 J* t+ y3 l8 S* F A. Issuing bank may refuse payment because the shipment schedule stipulated in L/C is not followe D.
( ~3 s) d4 p; G7 h7 [1 G B. Issuing bank may refuse payment because the beneficiary did not ship the second lot on July lst, 2005 as stipulated in the L/C.5 B: F) X5 L& J! E
C. Issuing bank may not refuse payment for both the first and the second lots because the latest date of shipment is July 1*t, 2005.
2 c+ Y a. G Y* K) ]# u D. Issuing bank may not refuse payment because the second lot was shipped within the given period stipulated in the Credit. |