A documentary credit is received without a stipulation of whether partial shipments are al
A.They are allowed.
B.Refer to the issuing bank.
C.Refer to the beneficiary.
D.They are prohibited.
A.They are allowed.
B.Refer to the issuing bank.
C.Refer to the beneficiary.
D.They are prohibited.
第1题
Under the documentary credit, which of the following is false?
A.The buyer's bank will issue a documentary credit.
B.The seller has his bank's undertaking to pay.
C.If the seller presents the correct documents, he will be paid.
D.A bank acts as an intermediary between the buyer and seller and is willing to provide trade.
第2题
听力原文: Back-to-Back credits consist of two entirely separate documentary credits, but one credit may act as security for the other. They apply in transactions when actual suppliers and ultimate buyers deal through a middleman. If the supplier insists on a documentary credit, the middleman may apply to his bank for a credit on his behalf. If the middleman's bank is satisfied with his creditworthiness, the bank will issue the credit in the normal way and no other formalities will apply. However, the "back-to-back" credit comes into use if the bank insists that the middleman obtain a documentary credit in his favor from the ultimate buyer as security for the "back-to-back" credit in favor of the actual supplier. Only the middleman and his banker know the "back-to-back" credit, and only they are concerned with credit.
25. What do the back-to-back credits consist of?
26.In which situation do the back-to-back credits apply?
27.In whose favor is the back-to-back credit issued.?
(25)
A.It consists of one commercial credit and one standby credit.
B.It consists of two entirely separate documentary credits.
C.It consists of a credit and some commercial documents.
D.It consists of a bill of exchange and a bill of lading.
第3题
(4)
A.The company changed idea.
B.The company preferred an L/C to collection.
C.The company did not want an L/C.
D.The company applied for documentary collection.
第4题
Which of the following terms of payment has the least country risk?
A.Revocable documentary credits.
B.Confirmed Irrevocable documentary credits.
C.Documentary collection D/P.
D.Documentary collection D/A.
第5题
(10)
A.Banks may guarantee the buyer or the seller in documentary collection.
B.Banks act as agents without responsibility of guarantee on either side.
C.Banks offer bank guarantee to both the buyer and the seller in documentary collection.
D.Banks are only responsible for the buyer in documentary collection.
第6题
What will the correspondent bank do in the settlement according to this passage?
A.It will make payment in dollars against the banker's draft.
B.It will send the draft to the bank in Britain.
C.It will issue a documentary credit.
D.It will have an agreement with the bank mentioned.
第7题
A.When actual suppliers and ultimate buyers deal through a middleman.
B.When buyers and sellers agree to make settlement by means of letters of credit.
C.When buyers don't agree to make payment on collection basis.
D.When sellers insists on a documentary credit.
第8题
A.The issuing bank will charge a fee for giving a standby credit letter.
B.The issuing bank will charge no fees for giving a standby credit letter.
C.The issuing bank will amend the standby credit letter if appropriate.
D.The issuing bank will revoke the standby credit letter if appropriate.
第9题
(9)
A.The credit card can be used at any shop without paying cash.
B.The credit card can he used at any appointed shop together with cash.
C.The credit card can be used at any appointed shop without paying cash.
D.The credit card can be used to withdraw any amount of cash.