[简答题]letter of credit

[简答题]letter of credit

[判断题]The obvious difference between Letter of Credit and collection is that collection is bankers’ credit.

[简答题]

一、已知资料
1．信用证：
LETTER OF CREDIT
FORM OF DOC. CREDIT *40A: IRREVOCABLE
DOC. CREDIT NUMBER *20: RLC4202741/218
DATE OF ISSUE 31C: OCT. 15, 2009
EXPIRY *31D: DATE JAN. 10, 2010 PLACE CHINA
APPLICANT *51: ARABIAN DEPARTMENT STORES
P.O. BOX 60608 RIYADH 11666
SAUDI ARABIA
BENEFICIARY *59: CHINA IMP AND EXP CO. LTD.
6, ZHICHUN ROAD
GUANGZHOU CHINA
AMOUNT *32B: CURRENCY USD AMOUNT 21600.00
MAX. CREDIT AMOUNT 39B: NOT EXCEEDING
AVAILABLE WITH/BY *41A: ANY BANK IN CHINA
BY NEGOTIATION
PARTIAL SHIPMENTS 43P: ALLOWED
TRANSSHIPMENT 43T: ALLOWED
LOADING IN CHARGE 44A: GUANGZHOU, CHINA BY VESSEL
FOR TRANSPORT TO 44B: RIYADH VIA DAMMAM, K.S.A.
LATEST DATE OF SHIP 44C: DEC. 25, 2009
DESCRIPT OF GOOD 45A: 1800PCS WEARING APPAREL AS PER S/C
NO. 09BEC3030AND APPLICANT PUR.
CHASE ORDER NO. 18669 USD12.00/PC
CIF RIYADH
DETAILS OF CHA

[简答题]Our usual terms of payment are by letter of credit available by sight draft。

[单项选择]It is an irrevocable letter of credit which can not ( ).
A. change
B. be changed
C. changing
D. changed

[单项选择]Unless otherwise stated in the letter of credit, banks will not accept_________ presented by the beneficiary.
A. the open cover
B. the cover note
C. the insurance certificate
D. the insurance policy

[判断题]A revocable Letter of Credit is one that can not be cancelled by the issuing bank without the seller’s agreement.

[填空题]

A -- Letter of Credit
B -- discounting
C -- international transactions
D -- beneficiary
E -- document of title
F -- acceptance
G -- negotiable instrument
H -- guarantee
I -- draft
J -- shipping document
K -- default risk
L -- bill of lading
M -- maturity
N -- foreign exchange risk
O -- term of payment
P -- currency

（）收益人（）到期

[简答题] COMMON MISTAKES OF FINISHING A CREDIT LETTER NOTES Reasons for rejecting 25% of the documents: 1. The letter of credit had (1) 2. The documents were presented after the period stipulated in the (2) 3. The shipment was (3) Documents were often inconsistent with one another in the following ways: 4. The description or spelling of goods on invoice (s) differed from that in the (4) 5. The weights differed between (5) 6. The amounts of value shown on the invoice(s) and bill of exchange (draft) (6) 7. The marks and numbers (7) 8. The drawing was for less than the letter of credit (8) 9. The letter of credit was exceeded by the value of the (9) 10. The shipment was (10) 11. There was an absence of signatures of witnessings, where required, (11) 12. Facsimile signatures were used when not (12)