INSTRUCTIONS TO STUDENTS
Identify the five discrepancies on the attached discrepancy checklist (document 1) then transfer your answers to the main answer sheet.
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DISCREPANCY CHECKLIST
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1. Shipment not within period allowed.
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2. Partial shipment effected.
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3. Documentary credit overdrawn.
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4. Documents do not evidence goods of Dutch origin.
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5. No bill of exchange presented.
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6. Amount on the commercial invoice incorrect.
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7. Transport document not correctly issued to the order of the applicant.
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8. Transport document not signed in accordance with UCP600.
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9. Transport document not stamped and signed by the shipper.
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10. The invoice covers merchandise not called for in the documentary credit.
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CDCS Practice Test
MT700
INCOMING SWIFT MT700
FROM ISSUING BANK MERHABA BANK, ISTANBUL, TURKEY TO ADVISING BANK ACB BANK, ROTTERDAM, THE NETHERLANDS 27: SEQUENCE OF TOTAL 1/1
40A: FORM OF DOCUMENTARY CREDIT IRREVOCABLE 20: DOCUMENTARY CREDIT NUMBER 2003.AC.100 31C: DATE OF ISSUE 07 MAY XXXX 40E: APPLICABLE RULES UCPURR LATEST VERSION
31D: DATE AND PLACE OF EXPIRY 01 JULY XXXX, ROTTERDAM, THE NETHERLANDS 50: APPLICANT FACTORING A.S. ISTANBUL, TURKEY 59: BENEFICIARY DE GROOT MACHINES B.V. HAARLEM, THE NETHERLANDS
32: CURRENCY AND AMOUNT EUR180,000.- 41A: AVAILABLE WITH/BY ACB BANK, ROTTERDAM BY DEF PAYMENT
42P: DEFERRED PAYMENT DETAILS 180 DAYS FROM CMR DATE 43P: PARTIAL SHIPMENTS NOT ALLOWED 43T: TRANSHIPMENT NOT ALLOWED
44A: ON BOARD/DISP/TAKING CHARGE HAARLEM, THE NETHERLANDS 44B: FOR TRANSPORTATION TO HALKALI FREE ZONE, ISTANBUL, TURKEY, BY TRUCK
44D: SHIPMENT PERIOD DURING MIDDLE OF JUNE XXXX
45A: DESCRIPTION OF GOODS AND/OR 1 UNIT ''DE GROOT'' BRAND ROTARY CUTTING SERVICES MACHINE , TYPE 500, WITH ALL NECESSARY ACCESSORIES
CUSTOMS TARIFF NUMBER 8462.8000 DELIVERY TERMS CIP HALKALI FREE ZONE, ISTANBUL, TURKEY
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46A: DOCUMENTS REQUIRED +SIGNED COMMERCIAL INVOICE IN 3 FOLD INDICATING THE SERIAL NUMBER OF THE MACHINE AND CERTIFYING THAT THE MACHINE IS NEW AND NOT USED BEFORE.
+ORIGINAL CMR TRANSPORT DOCUMENT CONSIGNED TO THE ORDER OF FACTORING A.S., ISTANBUL, TURKEY AND MARKED FREIGHT PREPAID.
47A: ADDITIONAL CONDITIONS DOCUMENTS ISSUED PRIOR TO THE ISSUE DATE OF THIS DOCUMENTARY CREDIT ARE NOT ACCEPTABLE.
ALL DOCUMENTS MUST SHOW THE NUMBER OF THIS DOCUMENTARY CREDIT. GOODS MUST BE OF DUTCH ORIGIN
71B: CHARGES ALL BANKING CHARGES AND COMMISSIONS ARE FOR ACCOUNT OF APPLICANT.
48: PERIOD FOR PRESENTATION 10 DAYS 49: CONFIRMATION INSTRUCTIONS CONFIRM
78: INSTR TO PAYG/ACCPTG/NEGOTG BANK WE SHALL REIMBURSE YOU ON THE
MATURITY DATE
IN ACCORDANCE WITH YOUR INSTRUCTIONS
PROVIDED THAT DOCUMENTS IN STRICT CONFORMITY WITH THE TERMS AND CONDITIONS OF THIS DOCUMENTARY CREDIT ARE DULY PRESENTED AT YOUR COUNTERS.
72: SENDER TO RECEIVER INFORMATION PLEASE ACKNOWLEDGE RECEIPT BY SWIFT MT730.
***MESSAGE PASSED AUTHENTICATION*** CDCS Practice test
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DE GROOT MACHINES B.V.
SPAARNE 1000 Tel: **31(0)235999999 1000 VC HAARLEM Fax: **31(0)235888888 THE NETHERLANDS
COMMERCIAL INVOICE nr. 987 TO:
FACTORING A.S. ORIGINAL 1, BAHAR SOKAK ISTANBUL, TURKEY Haarlem, 21 June XXXX
DESCRIPTION OF GOODS:
1 UNIT '\TYPE 500
SERIAL NUMBER 2003
CUSTOMS TARIFF NUMBER 8462.8000
COMPLETE WITH ALL NECESSARY ACCESSORIES
INCLUDING A SET OF FREE ADVERTISING AND PROMOTION MATERIAL
WE CERTIFY THAT THE MACHINE IS BRAND NEW AND WAS NOT USED BEFORE PRICE:
ROTARY CUTTING MACHINE EUR 180,000 ACCESSORIES EUR 20,000
TOTAL CIP HALKALI FREE ZONE, ISTANBUL EUR 200,000
Marks:2003 pallet numbers 1/5 - 4/5 Total 4 pallets, gross weight 10,000 kg. Documentary Credit no. 2003.AC.100 For and on behalf of
DE GROOT MACHINES B.V.
B. de Groot
CDCS Practice test
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Original for shipper (sender)
1 Sender (Name, Address, Country)
DE GROOT MACHINES B.V. SPAARNE 1000
1000 VC HAARLEM THE NETHERLANDS
CMR
INTERNATIONAL
CONSIGNMENT NOTE
This transport is, unless otherwise specified, subject to the Convention on the Contract for the International Carriage of Goods by Road (CMR)
2 consignee
FACTORING A.S. 1, BAHAR SOKAK ISTANBUL, TURKEY
16 carrier (Name, Address, Country)
WINDMILL TRANSPORT B.V RAAKS 2000
1000 VK HAARLEM. The Netherlands 3 Place of delivery of the goods
Place HALKALI FREE ZONE, ISTANBUL Country TURKEY
17 consecutive carrier
4 Place and date of taking in charge of the goods Place HAARLEM
Country THE NETHERLANDS Date 21 JUNE XXXX 5 Documents enclosed
18 reserves and remarks by the carrier
CMR nr. 100
10 statistic number 11 gross weight
10,000 kg
6 marks & numbers 7 number of packages 8 packing type 9 Goods description
1 UNIT '\TYPE 500 SERIAL NUMBER 2003 Marks:2003 pallet numbers 1/5 -4/5
4 wooden pallets Documentary Credit number: 2003.AC.100
12 volume
10 cbm
19 freight tariff and specifications
13 Instructions by the carrier
(customs formalities)
14 Reimbursement
20 Special agreements
15 Freight instructions FREIGHT PREPAID 25 truck / lorry/ vehicle details
REGISTRATION NUMBER: 51-BG-LN NATIONALITY: DUTCH 21 Place and date of issue:
HAARLEM, 10 JUNE XXXX 22
Stamp and signature of shipper
23
W. Mill
Stamp and signature of carrier
24 Goods received
Date:
Stamp and signature of consignee
CDCS Practice test
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Answers for proofing puposes only Multiple-choice Syllabus Ref 1 A Chapter 6, Section 3.9 2 D Chapter 3, Section 2.3 3 C Chapter 9, Section 3.2 4 C Chapter 4, Section 2.1 5 D Chapter 5, Section 4.1 6 B Chapter 8, Section 6.1 7 B Chapter 3, Section 4.5 8 C Chapter 3, Section 4.9 9 A Chapter 3, Section 4.9 10 B Chapter 3, Section 4.5 11 B Chapter 3, Section 4.5 12 B Chapter 3, Section 3.1 13 C Chapter 3, Section 2.3 14 B Chapter 5, Section 3.4 15 B Chapter 5, Section 4.1 16 D Chapter 3, Section 3.2 17 C Chapter 10, Section 2.3 18 C Chapter 7, Section 3.1 19 B Chapter 8, Section 4.5 20 C Chapter 7, Section 3.5 21 C Chapter 4, Section 2.3 22 D Chapter 7, Section 3.5 23 D Chapter 7, Section 2.5 24 B Chapter 7, Section 2.5 25 D Chapter 7, Section 3.1
In-basket 1 26 D 27 C 28 D 29 D 30 B Simulation 1 31 ABCHJ