revocable credit

A.revocable credit

B.irreocable credit

C.either A or B

D.both A and B

A.revocable credit

B.irreocable credit

C.confirmed credit

D.unconfirmed credit

According to the passage, which of the following statements is correct？

A．A "revocable credit" may be cancelled at any time.

B．The credits are usually in favor of the exporter.

C．An "irrevocable credit" may not be amended.

D．The credits are usually in favor of the importer.

A、irrevocable/time/before

B、acknowledgeable/bank/prior to

C、irrevocable/favor/ahead of

D、revocable/notification/in advance

短文理解

听力原文： A standby credit letter (SCL) is a contingent obligation of the letter's issuer. The issuing bank agrees to guarantee the credit of its customer or to guarantee the fulfillment of a contract made by its customer with a third party. The issuing bank earns a fee from providing the service of SCL. In general, the fee is relatively low and usually around 0.5 percent to 1 percent of the amount of credit involved due to the following reasons. On the one hand, the issuing bank may have previously analyzed the financial condition of its standby credit customer, and the probability is low that the issuer of the credit guarantee will ever be called upon to pay. On the other hand, the issuing banks carry zero reserve requirements and avoid the booking of additional assets, which would also require each bank to acquire more capital.

21. Is SCL same as revocable letter of credit according to the passage？

22.What will the issuing bank do for a standby credit letter？

23.Why is the service fee of SCL relatively low？

(21)

A．almost the same one

B．rather different

C．a little different

D．doesn't mention

FROM: XYZ BANK LTD ANYTOWN ANYWHERE

TO: ADVISINC BANK SOMETOWN SOMEWHERE

DATE 30 MARCH

OUR DOCUMENTARY CREDIT REFERENCE NO 1234

TEST NO 4321 FOR USD 2,050,000.00 DATED 30 MARCH

WITH OUR HEAD OFFICE

WE OPEN OUR DIVISIBLE, FRACTIONABLE DOCUMENTARY CREDIT NO. 1234

ORDER ACCOUNT OF: UVW COMPANY ANYTOWN ANYWHERE.

FAVOUR: RST COMPANY SOMETOWN SOMEWHERE

FOR THE AMOUNT OF USD 2,050.000.00 (TWO MILLION AND FIFTY THOUSAND

AND 00/100 UNITED STATES DOLLARS)

COVERING SHIPMENT OF

1200 MT. MILK POWDER CFR ANYWHERE

SHIPMENT FROM ANY PORT SOMEWHERE TO ANY PORT ANYWHERE

TRANSHIPMENT ALLOWED PART SHIPMENTS ALLOWED

VALID FOR NEGOTIATION AT THE COUNTERS OF THE CONFIRMING BANK UNTIL 21

JULY

SHIPMENT TO BE EFFECTED AS FOLLOWS:

1ST SHIPMENT FOR 600 MT. ON OR ABOUT 27 APRIL.

2ND SHIPMENT FOR 600 MT. TO BE EFFECTED BETWEEN 01 AND 31 MAY BOTH

END DATES TO BE INCLUSIVE.

AVAILABLE FOR NEGOTIATION OF DRAFTS AT 60 DAYS SICHT DRAWN ON UVW

COMPANY ANYTOWN ANYWHERE ACCOMPANIED BY THE FOLLOWING DOCU-

MENTS:

1. SIGNED COMMERCIAL INVOICE IN TRIPLICATE.

2. FULL SET CLEAN SHIPPED ON BOARD BILLS OF LADING CONSIGNED TO ORDER

OF XYZ BANK LTD MARKED FREIGHT PAID AND NOTIFY THE ACCOUNTEE.

3. QUALITY CERTIFICATE ISSUED BY A COMPETENT AUTHORITY.

4. COPY OF FAX SENT TO ACCOUNTEE ADVISING SHIPMENT DETAILS, SHIPMENT

DATE. INVOICE VALUE AND DOCUMENTARY CREDIT NUMBER WITHIN FIVE

DAYS OF SHIPMENT.

5. PACKINC LIST.

SPECIAL INSTRUCTIONS

1. ALL BANK CHARCES OUTSIDE ANYWHERE INCLUDINC REIMBURSEMENT

CHARCES ARE FOR ACCOUNT OF UVW COMPANY.

2. PLEASE ADVISE THE BENEFICIARY ADDING YOUR CONFIRMATION.

3. CLAIM REIMBURSEMENT FROM OUR ACCOUNT WITH OUR NEW YORK OFFICE

AT MATURITY FOR DOCUMENTS PRESENTED IN STRICT COMPLIANCE WITH THE

TERMS AND CONDITIONS OF THIS DOCUMENTARY CREDIT.

4. THIS DOCUMENTARY CREDIT IS SUBJECT TO THE UNIFORM CUSTOMS AND

PRACTICE FOR DOCUMENTARY CREDITS (1993 REVISION) INTERNATION-

AL CHAMBER OF COMMERCE (PUBLICATION NO 500).

Please examine the above L/C and answer the following questions:

1)The documentary credit should be advised as:

(1)( ) Revocable

(2)( ) Irrevocable

(3)( ) Revocable Transferable

(4)( ) Irrevocable Transferable

2)All of the following documentary credit terms and conditions under UCP may be disregarded except:

(1)( ) divisible

(2)( ) fractionable

(3)( ) adding your confirmation

(4)( ) issued by a competent authority

3)Which of the following Bill of Lading "shipped on board" dates would be acceptable for the first shipment？

A. 17 April.

B. 20 April.

C. 25 April.

D. 02 May.

(1)( ) C only.

(2)( ) C and D only.

(3)( ) B, C and D only.

(4)( ) A, B, C and D.

4)Under the terms of the documentary credit, your bank may accept Quality Certificate issued by:

A. Applicant.

B. Beneficiary.

C. third party manufacturer.

D. third party inspection company.

(1)( ) A and B only.

(2)( ) B and C only.

(3)( ) A, B and D only.

(4)( ) A, C and D only.

5)Before confirming the documentary credit, your bank should obtain an amendment to the following terms and conditions？

(1)( ) drawee party

(2)( ) shipment period

(3)( ) presentation period

(4)( ) form of documentary credit

SALES CONTRACT

CONTRACT NO.: CH2010501

DATE: FEBRUARY 15,2010

THE SELLERS: SHANGHAI AAA IMPORT AND EXPORT CO., LTD.

THE BUYERS: SINGAPORE BBB TRADING CO., LTD.

GOODS. 100% COTTON SHIRT

QUANTITY, 200 CARTONS OF 40PCS EACH, TOTAL WEIGHT 20000KGS, TOTAL

MEASUREMENT 28 CBM

PRICE TERMS: CIF SINGAPORE USD2000 EACH CARTON

AMOUNT: USD400000.00

TIME OF SHIPMENT: TO BE SHIPPED ON OR ABOUT APRIL 10,2010

LOADING AND DISCHARGE PORTS: FROM SHANGHAI, CHINA TO SINGAPORE

PARTIAL SHIPMENT AND TRANSSHIPMENT: NOT ALLOWED

INSURANCE: TO BE EFFECTED BY THE SELLER FOR 110 PCT OF CIF VALUE

AGAINST ALL RISKS AND WAR RISK AS PER CIC OF THE PICC DATED 01/01/1981

TERMS OF PAYMENT: THE BUYER SHALL OPEN THROUGH A BANK ACCEPTALE TO THE SELLER AN IRREVOCABLE SIGHT LETTER OF CREDIT TO REACH THE SELLER 30 DAYS BEFORE THE SHIPMENT AND TO REMAIN VALID FOR NEGOTIATION IN CHINA UNTIL THE 15TH DAY AFTER THE FORESAID TIME OF SHIPMENT.

根据上述所提供的国际货物买卖合同主要条款，对信用证和托运单的内容进行审核，将错误的项目划掉，并填写正确的内容。

REVOCABLE DOCUMENTARY CREDIT

NUMBER LC555-23456789

DATE: MACH 5,2010

APPLICABLE RULES: UCP LATEST VERSION

DATE AND PLACE OF EXPIRY: APRIL 15,2010 SHANGHAI, CHINA

ADVISING BANK: BANK OF CHINA, SHANGHAI BRANCH

BENEFICIARY: SHANGHAI AAA IMPORT AND EXPORT CO., LTD.

APPLICANT: SINGAPORE BBB TRADING CO., LTD.

PARTIAL SHIPMENT: ALLOWED

TRANSSHIPMENT. ALLOWED

DESCRIPTION OF GOODS: 100% COTTON SHIRT AS PER S/C No. CH200 DATED ON FEBRUARY 15,2010

TOTAL AMOUNT: USD40 000. (SAY US DOLLARS FOURTY THOUSANDS ONLY)

TOTAL QUANTITY: 200 CARTONS

TOTAL GROSS WEIGHT: 2000KGS

TOTAL MEASUREMENT: 28CBM

PRICE TERM: CFR SINGAPORE USD2000 EACH CARTON

FOLLOWING DOCUMENTS REQUIRED.

+ SIGNED COMMERCIAL INVOICE IN TRIPLICATE

+ PACKING LIST IN TRIPLICATE

+ FULL SET OF THREE CLEAN ON BOARD OCEAN BILLS OF LADING MADE OUT TO ORDER OF SHIPPER AND ENDORSED IN BLANK AND MARKED "FREIGHT PREPAID" AND NOTIFY APPLICANT

+ INSURANCE POLICY IN DUPLICATE TO BE EFFECTED BY THE SELLER FOR 100 PCT OF CIF VALUE AGAINST ALL RISKS AND WAR RISK AS PER CIC OF THE PICC DATED 01/01/1981

OTHER INFORMATION: GOODS MARKS & NOS.: CT SINGAPORE NO. 1-200

OCEAN VESSEL. "BIG RIVER"

VOY NO. : 009E

CONTAINER NO.: CBHU0180286

此题为判断题(对，错)。