单选题% f+ g: l+ @4 R" c$ l6 e
1. Documentary credit means payment against____ instead of against______. (D)
* g3 \2 N8 q' U0 i A. goods……documents B. acceptance……confirmation C. documents……acceptance D. documents……goods9 x* M X7 ^. T& ?; D
2. Detailed provisions dealing with the operation of documentary credit can be found in_____. (B)
5 @" Z e: C1 S" }, \2 T6 } A. ICC B.UCP C. INCOTERMS D. CMR convention* U, F: _* v5 I, V: E6 z7 f
3. In a revocable credit, it is the____ who has the right to revoke the credit. (A)
4 X3 e0 m/ V* w& z8 F A. buyer B. seller C. advising bank D. issuing bank( N3 k) }" a- S! ?. x4 D
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)
2 O; z s" D* L) I5 G$ G; z9 a9 Y A. issuing……negotiating B. advising……paying C. negotiating……issuing D. paying……advising i; g9 B8 i4 A6 O$ w6 Y# e! V
5. The banks on the buyer‘s side on L/C arrangement are____. (AD)
( r+ b' K# @. D4 a A. issuing bank B. advising bank C. negotiating bank D. paying bank; s ]0 l- w. r; r7 G7 ^+ n
6. _____ published by the ICC contains detailed provisions dealing with the operation of documentary credit. (B)1 ?1 N7 H8 v' A+ @
A. Hague Rules B. UCP600 C. Incoterms2000 D. CMR convention7 a( c- p3 u) h% {
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)
0 n- m4 B' ?' G4 k8 t; Q A. B/L B. invoice C. documents stipulated by L/C D. L/C
( n# {2 w5 x( o- X2 M 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)( h# Y, q/ U8 b0 v- b* p$ J! Q
A. agent B. customer C. buyer D. seller
( S, {$ U, [1 F) C6 b 9. Which of the following statements are true about documentary credit_____? (ABCD)1 O* E9 ^' U. D0 W5 w) y
A. documentary credit means payment against document instead of against goods4 [! R/ u/ n- j2 G. r' ^- z
B. all the documentary credits are operated through banks& O4 D3 t" ^1 A1 x4 L3 P @8 ]' W( r
C. the buyers is not required to pay for the goods until the arrival of the relevant shipping documents9 K6 ]) n8 S/ P. V9 |+ @
D. the documents transfer title to the goods |