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,thepresentationofaninsurancecertifica