第六章
1.Choose the best answer (s) for each of the following questions
通知行是受开证行的委托，将信用证转交受益人的银行，其责任是：（BCD）
A.只是受益人提交了与信用证规定相符的单据，即构成其付款责任
B.接到信用证后，证实其真实性，并应开证行要求，将信用证及时、准确的通知受益人
C.对信用证印鉴或密押不符的要及时与开证行联系
D.对信用证要求其加具保兑的，可以做出自己的决定，但应将其决定及时通知开证行 2．开证申请书是开证行开立信用证的依据。申请人在填制开证申请书时，应注意：（ABCDE）
A.申请书内容应与贸易合同一致 B.不应要求受益人提交无法获得的单据 C.不应自己选择通知行
D .对单据的要求应简明、扼要、适用和准确 E.所有内容都必须完整、简洁、准确 3.开证行在信用证业务中收到（BCDE）的约束。
A.贸易合同 B.开证申请书 C. 信用证 D.与通知行、付款行等的代理协议 E.信用证修改书
4. 某公司出口黄豆，信用证规定：“黄豆100吨，单价每吨158美元，总金额
15800.00美元，禁止分批装运”。根据UCP600规定，卖方交货的（C） A.数量和总金额均可在5%的范围内增减 B.数量和总金额均可在10%的范围内增减
C.数量可以有5%的范围内增减，但金额不得超过15800.00美元 D.数量和金额均不得增减
5. 按照UCP600的规定，信用证未明确是否保兑，就是（A）
A.为保兑的信用证 B. 已保兑的信用证
C.由通知行来决定是否保兑 D. 由进口人来决定是否保兑 6. 审核信用证的依据是（A）
A.UCP600和合同 B. 保险单 C.商业发票 D. 提单 7. 除非特殊情况，开证行开立的信用证一般不是（D）
A.不可撤销信用证 B.议付信用证 C.跟单信用证 D. 预支信用证 8. 如果信用证未规定交单期限，根据ucp600的规定，受益人必须在货物装船后（B）
天内 交单议付，但不能超过信用证的有效期。
A.15 B.21 C. 3 D. 7 9. 信用证中的“三期”指的是：（ABC）
A.装运日期 B.信用证的有效日期 C.交单日期 D.信用证的开证日期 2.Make L/C amendments according to the following contract and L/C Shangahi textiles IMP & EXP.CORP
27 ZHONGSHAN ROAD,SHANGHAI,CHINA TEL:86-21-63218467 FAX:86-21-63291267
Sales Contract Contract No:11GM-01HK
Date:12.MAY,2011 TO:SUPERB AIM(HONGKONG)LTD.
RM.504 FUNGLEE COMM BLDG .KOWLOON,HONGKONG
We here by confirm having sold to you the following goods on the following below. NAME OF COMMODITY: TEXTILE
SPECIFICATION: TWILL 2/1 108x54/20 x2059” QUANTITY: 1000 METERS
UNIT PRICE: CIF H.K USD54.00/METER
AMOUNT:USD540000.00
TOTAL SAY IN U.S. DOLLARS FIVE HUNDRED AND FORTY THOUSAND ONLY.
PACKING: Packed in cartons of ten meters
SHIPMENT: During Oct/Nov 2011 from shanghai to H.K.with partial shipments permitted. INSURANCE: To be covered by the seller for 110% of total invoice value against all risks
and war risks as per the relevant ocean marine cargo clauses of the PICC dated 1981/01/01. PAYMENT: The buyer should open through a bank acceptable to the seller an
irrevocable L/C payable at 30 days after B/L date to reach the seller 30 days before the month of shipment valid for negotiation in china until the 15th day after the date of shipment. REMARKS:Please sign and return one copy for our file
The buyer:Alice The seller:ZHANG MIAO SUPERB AIM(HONGKONG)LTD. LETTER OF CREDIT
HONGKONG & SHANGHAI BANKING CORPORATION QUEENS ROAD CENTRAL,P.O.BOX 64.H.K.
TEL:822-1111 FAX:810-1112
No.CN3099/714 Date:Oct.2nd,2011 H.K. Advised through: Bank of china,shanghai branch To:SHANGHAI TEXTILES IMP & EXP CORPORATION 27 ZHONGSHAN ROAD,SHNAGHAI,CHINA. Applicant:SUPERB AIM (HONGKONG)LTD
RM.450 FUNGLEE COMM BLDG.KOWLOON,HONGKONG
Dear sirs,
We hereby open our irrevocable L/C No.CN3099/714 in your favor for a sum not
exceeding about HKD540 000.00(SAY HK DOLLARS FIVE HUDRED FORTY THOUSAND ONLY)available by your drafts on HSBC at 30 days sight accompanied by the following dorciacuments:
1. Signed commercial invoice in 6 copies.
2. Packing list in quadruplicate.
3. 2/3 clean on board B/L made out to order notify the above mentioned applicant and
marked ”Freight Collect” dated not later than October 31 th,From Shanghai to Hongkong,partial shipment are not permitted . Indicate the L/C no. 4. Insurance policy in 2 copies covering All Risks and War Risks for 150% invoice value
as per the relevant ocean marine cargo clause of the PICC dated 1981/01/01. 5. Certificat of Origin issued by China Council for the promotion of international trade. 6. A certificate issued by the beneficiary and countersiagned by buyer’s representative
Mr.Jeremiah,his signature must be verfied by opening bank,certifying the quality t to conform to sample submitted on 7th June,2011. DESCRIPYION OF GOODS:
Textile, twill 2/1 108 x 54/20 x 2059”, Total 10000 meters,Packed in cartons of ten meters, USD54.00 per meter CIF H.K. Shipping marks:SUPERB AIM SPECIAL INSTRUCTIONS:
(1) Shipping advice to be sent by fax to the applicant immediately after the shipment
stating our L/C No., shipping marks ,name of vessel,goods description and amount as the bill of lading No.and date.A copy of such advice must accompany the original document presented for negotiation. (2) 1/3 clean on board B/L sent to applicant by DHL within 24 hours after shipment. (3) We undertake to honhour all the draft drawn in compliance with the terms of this
credit if such drafts to be presented at your counter on or before Oct.31 st,2011. (4) The negotiating bank is kindly requested to forward all documents to us(HONGKONG
& SHNAGHAI BANKING CORPORATION QUEEN’S ROAD CENTRAL,P.O.BOX 64,H.K.)in one lot by airmail.
It is subject to the Uniform Customs and Parctice for Documentary Credit(2007) Revision,International Chamber of Commerce publication No.600.
Yours faithfully FOR HONGKONG & SHANGHAI BANKING CORPORATION After checking there are the following problems in the L/C: (1).开证申请人的地址错，应为 RM.504。 (2).信用证币别错误，应为美元。
(3).汇票期限有误，应为提单日期后30天。 (4).3/1正本提单直寄开证申请人不妥，应删除。 (5).提单显示“运费到付”有误，应为“运费预付”。
(6).最迟装运期限与合同不符，应为by 30 Nov,2011。 (7).禁止分批装运与合同不符，应为partial shipment allowed。
(8).投保加成过高，与合同不符，应为to be covered by the seller for 110% of total invoice value。
(9).”受益人证明要求买方代表会签且字迹与开证行预留的相符”为软条款，应删除。 (10).规定境外到期对收汇有风险，应为在受益人所在地到期。
第七章
Exercises(练习题)
Ⅰ.judge the following statement ,mark True(√) or False(ⅹ)
1. International factoring is not a good alternative for exporters using O/A or D/A. (ⅹ ) 2. Forfeiting is a medium to short-time financing for 1-6 months. (ⅹ)
3. An irrevocable guarantee can be cancelled or amended at any moment. (ⅹ) 4. International factoring can be used in international payment method like O/A,D/A,
D/P, etc. (√) 5. It is not preferred to use O/A,D/P or D/A as payment methods for the exporter if the
customer is not in high credit. (ⅹ) Ⅱ. Choose the best answer(s) for each of the following questions 1. The purchase of a series of credit instruments by the forfeiter is on ( D ). A. buyer’s credit B. seller’s credit C. a recourse basis D. a non-recourse basis. 2. A standby letter of credit acts as a ( B ).
A. a commercial letter of credit B. a bank guarantee C. a T/R D. a d raft 3. Forfeiting is a medium to long-term financing for ( A ). A. 6 months to 10 years B. 1-3 months C. 3-6 months D. 60 days
4. A standby letter of credit is payable upon presentation of a draft together with( D ). A. commercial invoice