国际结算练习题三PracticesforInternationalsettlement1.Choosethetrueanswerofthefollowingsentences.(1)AcreditisissuedbyBankofChina,TianjinandconfirmedbyBankofChina,London.Itconstitutesthepaymentundertakingof()(A)onebankonly(B)abovetwobanks(2)Acreditcontainsthetermsasfollows:“Theamountshallrenewedaftereachnegotiationonlyuponreceiptofissuingbank’snoticestatingthatthecreditmightberenewed”thecreditis()restorationtorevolve.（A）automatic(B)non-automatic(C)semiautomatic(3)Whenacreditisissuedbyfullcableinfulldetails,suchcableadvice()anoperativecredit.(A)is(B)isnot(4)SupposeanL/Csaysoneshipmentof“100,000yardsofwire”.WhichquantitiesfailtocomplywiththeL/C.()(A)94,000yardsofwire(B)100,000yardsofwire(C)97,000yardsofwire(D)106,000yardsofwire(5)Ifthecreditrequiresinsurancepolicy,thepresentationofaninsurancecertificate.Itis()(A)permissible(B)notpermissible(6)AnL/CstatesanamountofamountofaboutUSD1,450.00andpartialshipmentarenotallowed.Whichofthefollowingdrawingarenotacceptable?()(A)USD1,590.00(B)USD1,310.00(C)USD1,596.00(D)USD1,304.00(7)Aletterofcreditis(A)aformalguaranteeofpayment(B)aconditionalundertakingtomakepayment(C)anunconditionalundertakingtomakepayment(D)atwobankguaranteeofpayment(8)Withanunconfirmedirrevocableletterofcredit,(A)thetermsandconditionscanbeamendedorcancelledunilaterallybyanyparty(B)onlytheexportercanamendthecredit.(C)theadvisingbanktransmitsdetailswithoutcommitmenttothebeneficiary.(D)theissuingbankhastheabilitytocancelthecreditatanytime.(9)Aconfirmedirrevocableletterofcredit(A)carriestheconfirmationoftheissuingbank(B)theadvisingbankattherequestoftheissuingbank.(C)theadvisingbankafterthereceiptofcorrectdocumentation.(D)theissuingbankafterthereceiptofcorrectdocumentation.(10)Inanydisputeoverthetermsandconditionsofthecredit,whichinterpretationwillprevail?(A)UniformCustomsandPractice(B)Incoterms©Statutelaw(D)Internationallaw(12)Astand-byletterofcredit(A)isneverrevoked(B)isnotaletterofcredit(C)isinvokedintheeventofnon-compliancebybuyerorsellerwiththetermsofanoriginal(D)isinvokedintheeventofnon-compliancebybuyerorsellerwiththetermsofthesalescontract.(13)Thebeneficiaryofatraditionalcreditis(A)thepaying/accepting/negotiatingbank(B)theshipper(C)themiddleman(D)theproducer(14)Thesumofthetransferredcreditwillnotbe.(A)thesameasinthecreditbeforetransfer(B)lessthaninthecreditbeforetransfer.(C)morethaninthecreditbeforetransfer(D)equaltotheoriginalcredit(15)Whichofthefollowingdetailsonthetransferredcreditmaynotbedifferenttothatofthecreditbeforetransfer?(A)Theshippingdate(B)Theexpirydateofthecredit.(C)Thedescriptionofthegoods(D)Thenameoftheapplicant(16)Aback-to-backcreditexposesthebankissuingthesecondcredittoriskbecause(A)thebeneficiaryunderthesecondcreditmaynotshipgoods(B)thedocumentspresentedunderthesecondcreditmaynotexactlyconformtothetermsofthefirstcredit.(C)thebankhasalreadypaidthebeneficiaryunderthesecondcreditbeforeitreceivesdocumentationfromthebeneficiaryunderthefirstcredit(D)thebankhasalreadypaidthebeneficiaryofthefirstcreditbeforeitreceivesdocumentationfromthebeneficiaryunderthefirstcredit.(17)Undertheredclausecredit,onwhichpartydoesthefinalresponsibilitylieforreimbursementifthetermsandconditionsarenotfulfilledbythebeneficiary?(A)theissuingbank(B)theadvisingbank(C)thebeneficiary(D)theapplicant(18)Anapplicantmustreimburseanissuingbankunlesshefindsthat(A).goodsaredefect...
