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3 k% s' @: h# U7 U' O! R* g 17. ( )A transferable Credit can be transferred only on the terms and conditions specified in the original credit with the exception of:
; n3 D# l1 o7 k& z A. any unit price, credit amount, expiry date, latest date for presentation, period for shipment, insurance percentage% ^# A! ?/ H* D; ]. r. v
B. credit amount, expiry date, presentation days, insurance percentage, period for shipment, document requirements; ~6 ^9 f2 `# P
C. credit amount, expiry date, any unit price, latest date for presentation, period for shipment, insurance percentage, drafts and invoices
% \: j. q5 z' F+ r2 x D. any unit price, credit amount, expiry date, latest date for presentation, period for shipment, insurance percentage, tenor of the draft
" r% e# i9 U/ f# `! m9 p+ B% r- y' u 18. ( )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:
8 G! m+ W9 r8 E A. contact the issuing bank for instructions4 A& f% `+ S) O& }. [+ Y) [
B. contact the first beneficiary once more and wait for instructions
; z/ N+ j+ |: V C. create a draft(s) and invoice(s) on behalf of the first beneficiary for substitution
+ e' p& f5 B, t3 [% q( D( b! u/ M. _ D. forward the second beneficiary‘s draft(s) and invoice(s) to the issuing bank
9 N4 a$ I. \# {' ^9 q, S- A 19. ( )Based on INCOTERMS 2000, which of the following INCOTERMS is applicable when under the contract the seller is not responsible for obtaining the export license?# y0 S ]) t- F& ^7 }8 a
A. FCA
; F5 q5 Y/ y; I$ A6 E$ U; S B. EXW
/ B9 F3 l8 K, a C. DAF
% K# j( I; f k- k7 f* n D. FAS; j) `8 C3 B6 U' f/ F
20.( )According 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:
3 h4 W( N& o* p2 q2 G$ Z A. draft. a& z0 A. D5 Q$ G4 a
B. transport document- Q# j7 j, N9 i- S) F
C. insurance document1 I' l _5 b( c5 |! L1 J, a/ g( }
D. packing list$ X; x6 E; u, }9 P: e$ P2 M
21. ( )According to International Standard Banking Practice, which of the following statements regarding the expression of "shipping documents" is correct?
5 k' {4 w; \, x8 f A. all documents required by the Credit1 k. b2 ~% p* P$ f5 h
B. transport documents only
( u- b5 s( G9 N5 W, g& p$ ~, L C. invoice, transport documents, and insurance policy or certificate
& @* C* {/ ^& t5 T1 \ D. all documents (not only transport documents), except drafts, required by the Credit% J4 O" i: p( v3 ~/ ^
22. ( )According to UCPS00, banks shall disregard following expressions in the letter of credit except:
4 J( a! W5 y$ o/ U/ E A. prompt& f) }" v$ O8 [7 V* k- F
B. immediately
: v3 a3 p4 ?; b% G% P" ~ C. ‘about
' w U4 u. E8 q& E0 e$ P5 W D. as soon as possible- R; K( P$ r# e
23. ( )If L/C does not stipulate whether partial shipments are allowed or not, which of the following statements is applicable?+ M* c. r5 L7 G# K) V' p
A. Partial shipments are allowed0 c' Z* T- s) b, k$ v. B% m8 Y3 X
B. Partial shipments are not allowed3 C" q% t6 e4 T2 ^% o9 @
C. Refer to the issuing bank/ ]7 G2 l" B! i! A( B+ Z- O6 {9 F
D. Refer to the beneficiary |