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RECEIVED MESSAGE
Status: MESSAGE DELIVERED
Station: 1 BEGINNING OF MESSAGE Own Address : BOCOZOXXXXX
: BANK OF CHINA : GUANGZHOU
Output Message Type : 700 ISSUE OF A DOCUMENTARY CREDIT Sent by : ACNZ2WXXX WESTPAC BANK
COPROPATION WELLINGTON : (FOR ALL NEW ZEALAND BRANCH) Output Date/Time : 061207/0928 Priority : Normal 27/ SEQUENCE OF TOTAL: 1/1
40A/ FORM OF DOCUMENTARY CREDIT: IRREVOCABLE 20/ DOCUMENTARY CREDIT NUMBER: 0612/20487923
31C/ DATE AND PLACE OF EXPIRY: 070121 P. R. O. C. 50/ APPLICANT: NEW CHEM INC.
AUCKLAND, NEW ZEALAND
59/ BENEFICIARY: GUANGZHOU FOREIGN TRADE CORP.
GUANGZHOU, P. R. OF CHINA
32B/ CURRENCY CODE AMOUNT: USD 34870,00
41D/ AVAILABLE WITH ? BY ? : ANY BANK BY NEGOTIATION 42C/ DRAFTS AT ?? : SIGHT FOR FULL INVOICE VALUE 42A/ DRAWEE: WPACNZZWAKL
WESTPAC BANKING CORPORATION, AUCKLAND
43P/ PARTIAL SHIPMENTS: NOT ALLOWED 43T/ TRANSSHIPMENT: ALLOWED
44A/ ON BOARD/DISP/TAKING CHARGE: ANY P. R. C. PORT 44B/ ROF TRANSPORTATION TO: AUCKLAND NEW ZEALAND 44C/ LATEST DATE OF SHIPMENT: 061213
45A/ DESCP OF GOODS AND/OR SERVICE: BLACK SILICON CARBIDE CIF AUCKLAND 46A/ DOCUMENTS REQUIRED: +COMMERCIAL INVOICES +FULL SET CLEAN “ON BOARD”BILLS OF LADING MADE OUT TO ORDER BLANK ENDORSED MARKED “FREIGHT PREPAID” AND NOTIFY APPLICANT
+INSURANCE POLICY OR CERTIFICATE COVERING OCEAN MARINE TRANSPORTATION ALL
RISKS AND WAR RISKS.
+PACKING LIST
+CERTIFICATE OF ANALYSIS +BENEFICIARY CERTIFICATE STATING BATCH NUMBERS APPEAR ON ALL DOCUMENTS AND
PACKAGES
47A/ ADDITIONAL CONDITIONS:
DRAFTS DRAWN HEREUNDER MUST BEAR DOCUMENTARY CREDIT NUMBER AND DATE. EACH PRESENTATION OF DISCREPANCIES DOCUMENTS UNDER THIS CREDIT,A FEE
OF NZD70.00( OR ITS EQUIVALENT IN THE CURRENCY OF YOUR DRAWING) IS FOR ACCOUNT OF BENEFICIARY AND MUST BE DEDUCTED FROM YOUR REIMBURSEMENT CLAIM OR WILL BE DEDUCTED FROM THE PROCEEDS (IN THE EVENT CLAIM IS PAID BY
OURSELVES). ALL DOCUMENTS IN DUPICATE UNLESS OTHERWISE STATED. 71B/ CHARGES:
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ALL BANK CHARGES OUTSIDE COUNTRY OF ISSUING BANK ARE FOR ACCOUNT OF
BENEFICIARY.
48/ PERIOD FOR PRESENTATION:
DOCUMENTS TO BE PRESENTED WITHIN 21 DAYS AFTER ISSUANCE OF BILL OF LADING BUT WITHIN THE VALIDITY DATE OF THIS DOCUMENTARY CREDIT
49/ CONFIRMATION INSTRUTIONS: WITHOUT 78/ INSTRUCS TO PAY/ACCPT/NEGOT BANK:
UPON RECEIPT OF COMPLIANT DOCUMENTS, WE UNDERTAKE TO REMIT PROCEEDS BY TELEGRAPHIC TRANSFER IN TERMS OF YOUR INSTRUCTONS, WITHIN TWO BUSINESS DAYS, LESS OUR REIMBURSEMENT CHAREGES AND COSTS OF NZD80.00, THE
EQUIVALENT OF WHICH WILL BE DEDUCTED FROM YOUR CLAIM. DRAFT AND DOCUMENTS ARE TO BE COURIERED IN ONE LOT TO WESTPAC BANKING CORPORATION, NEW ZEALAND.
SAC: SWIFT Authentication Correct
38.
（1）本信用证的申请人和受益人？（4%） （2）本信用证的种类(至少写出两种)？（4%） （3）本信用证的到期日及到期地点？（4%）
（4）本信用证是否允许转运，是否允许分批装运？（4%） （5）本信用证的最迟装运日？（2%） （6）本信用证对汇票有何要求？（6%） （7）本信用证对提单有何要求？（6%） （8）本信用证对保险单据有何要求？（5%）
广东外语外贸大学国际经济贸易学院
《国际贸易实务》2009-2010学年第二学期期末考试试卷（A卷）
参考答案
考核对象：金融081、082、083、084班
保险081、082班
考试时间：2小时 班级：_______ 学号：________ 姓名：_________ 成绩：________
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Ⅰ. Put T for true or F for false in the corresponding blanks. ( 20% )
1.T 2.F 3.F 4.F 5.T 6.F 7.F 8.F 9.T 10.F
11.F 12.T 13.T 14.F 15.F 16.F 17.T 18.T 19.T 20.F
Ⅱ. Please write the best answer in the corresponding blanks. ( 15% )
21.B 22.C 23.D 24.A 25.D 26.B 27.C 28.D 29.B 30.C
31.B 32.D 33.B 34.C 35.A
Ⅲ. Calculation ( The results should be rounded off to two decimals. 20% ) 36. （1）
CIF= ( FOB+F) / (1 - premium rate×110％）
＝(1000+200)/(1-1%×110％) =1200/(1-0.011) ＝1200/0.989
≈1213.35 USD per metric ton
I.e. this exporting Company should offer CIF Yokohama USD 1213.35 per Metric Ton to its customer with the same profit. ( 2 )
CIFC5%＝CIF/（1－5％）
＝1213.35/0.95
≈ 1277.21 USD per metric ton
So, the exporting Company should offer CIFC5% Yokohama USD 1277.21 per metric ton to its customer with the same profit.
( 3 )
The domestic purchasing price plus domestic total charges minus the export tax rebate is domestic cost of export.
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I.e. the total domestic cost = 6000×100 + 13000 －3000
= 610000 RMB
The revenue in RMB = foreign exchange earning × exchange rate
= FOB ×100×exchange rate =1000×100× exchange rate =100000 × 6.8 = 680000 RMB
So, the rate of profit = (revenue－domestic cost) ÷ domestic cost × 100%
= (680000－610000) ÷ 610000 × 100% ≈ 11.48%
Ⅳ. Case Study ( 10% )
37. ( 1 )According to CISG, the two companies have not conculded a contract. ( 2 ) CISG Article 19, “1）A reply to an offer which purports to be an
acceptance but contains additions, limitations or other modifications is a rejection of the offer and constitutes a counter-offer.
2） However, a reply to an offer which purports to be an acceptance but contains additional or different terms which do not materially alter the terms of the offer constitutes an acceptance, unless the offeror, without undue delay, objects orally to the discrepancy or dispatches a notice to that effect. If he does not so object, the terms of the contract are the terms of the offer with the modifications contained in the acceptance.
3) Additional or different terms relating, among other things, to the price, payment, quality and quantity of the goods, place and time of delivery, extent of one party's liability to the other or the settlement of disputes are considered to alter the terms of the offer materially. ” ( 3 ) On 17th May, 2010, the french company replied by FAX, “ we accept
your offer dated 15th May, 2010, but at the price of FOB Shanghai USD 80 per set, shipment during October, 2010.”
That is to say, the french company altered the price and the time of shipment in the chinese company’s offer dated 15th May, 2010. So the reply made by the french company dated 17th May 2010 was a counter-offer and a new offer.
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Then, the offer made by the chinese company dated 15th May 2010 became invalid.
The chinese company hasn’t accepted the new offer made by the french company dated 17th May 2010.
The reply made by the french company dated 19th May 2010 was a new offer too. And the chinese company hasn’t accepted the new offer made by the french company dated 19th May 2010 too.
So the two companies have not conculded a contract.
V. Write your answers in the corresponding blanks. ( 35% )
38.
（1）Applicant: NEW CHEM INC.，AUCKLAND, NEW ZEALAND
Beneficiary: GUANGZHOU FOREIGN TRADE CORP.
GUANGZHOU, P. R. OF CHINA
（2）Irrevocable，Sight, Negotiable, Unconfirmed,
Non-transferable,Documentary
（3）21th January,2007 in china
（4）PARTIAL SHIPMENTS: NOT ALLOWED
TRANSSHIPMENT: ALLOWED
（5）LATEST DATE OF SHIPMENT: 13th December,2006
（6）DRAFTS AT SIGHT FOR FULL INVOICE VALUE,
DRAWEE: WPACNZZWAKL,
WESTPAC BANKING CORPORATION, AUCKLAND
DRAFTS DRAWN HEREUNDER MUST BEAR DOCUMENTARY CREDIT NUMBER AND DATE.
（7）FULL SET CLEAN “ON BOARD”BILLS OF LADING MADE OUT TO ORDER BLANK ENDORSED,
MARKED “FREIGHT PREPAID” AND NOTIFY APPLICANT, IN DUPICATE
（8）INSURANCE POLICY OR CERTIFICATE COVERING OCEAN MARINE TRANSPORTATION ALL
RISKS AND WAR RISKS, IN DUPICATE
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