国际结算亲的1.doc

浙江林学院2008- 2009学年第 二学期考试卷（A卷）课程名称： 国际结算（双语）课程类别：必修 考试方式：闭卷注意事项：1、本试卷满分100分。2、考试时间 120分钟。Article no.ResultScores Teacher Scores I Decide whether the following statements are true or false. (Please mark “T” if the answer is true, or you shall mark “F” if the answer is false. Each one 1.5 scores, total 30 scores.) Sub-Article12 3 4 5 6 7 8 9 10 Answer Sub-Article11 12 13 14 15 16 17 18 19 20 Answer 1. Bank of China Ltd opened an account in Korean Industrial Bank, Seoul. This account is NOSTRO ACCOUNT of Bank of China Ltd. 2. Chaps is Clearing House Interbank Payment System. 3. One of main purpose of bills is payment due to maturity or transferred freely in the bills house or market. 4. A Cheque is a bill of exchange drawn on a bank payable unconditional at sight. 5. Negotiable instruments protect bona fide holder specially. 6. A bill of exchange with term “PAY TO C CO OR ORDER PROVIDED THE GOODS ARE COMPLIED WITH CONTRACT THE SUM OF USD TEN THOUSAND ONLY” is effective. 7. A bill of exchange with restrictive order can be transferred trough endorsement and delivery. 8. Recourse route of a dishonor bill must be same as sending notice of dishonor.9. Cash against documents belongs to Collection. 10. “100% payment made by T/T with 30 days from the date of B/L” is better than “100% payment made by D/P with 30 days from the date of B/L” at the sellers end. 11. Fresh, Frozen goods always be sold under collection. 12. At the buyers end, “50% payment made by D/P, 50% payment made by documentary credit ” is better than “ 100% payment made by documentary credit”. 13. A bank assumes no liability or responsibility for the consequences arising out of the interruption of its business by Acts of God, riots, civil commotions, insurrections, wars, acts of terrorism, or by any strikes or lockouts or any other causes beyond its control. 14. Guarantees are used widely and flexibility especially in Intl business, complicated transactions, Non-credit available transactions, etc. 15. T/R is a guarantee issued by the importer drawn upon a bank by the means of trust for the purpose to borrow full set of commercial documents, including documents title to the goods before its payment. 16. Based on the currency variety, inward bills can be classified into Foreign currency inward bills and CNY inward bills. 17. The exporter should sign formal “Loan Contract (Packing Loan)” with the financing bank under packing loan. 18.Forfaiting is one kind of short-term finance under international settlement. The exporter also evade various risks. 19. Cover notes will not be accepted under a credit. 20.Ifan issuing bank determines that a presentation does not comply, it may in its sole judgment approach the applicant for a waiver of the discrepancies. This can extend the period of five banking days following the day of presentation. Scores Choose the correct or best answer to each of the following statements.(Each only has a correct answer or best answer, 2 scores per sub-article, total 20 scores) Sub-Article1 2 3 4 5 6 7 8 9 10 Answer 1. _does not belong to Banker branch offices?A.Sister bank; B. Depository Bank ; C. Agency； D. Affiliate； E. Consortium Bank 2. Promissory note must not have _(party).A. Drawer B. Payee C. Acceptor D. Endorser E. Guarantor 3. _is one of relatively essentials of a bill of exchange A. Tenor B. Unconditional order to pay C. A sun certain money D. Date of issue E. Drawers signature 4 If a bill is payable “60days after date hereof”, the date of payment is decidedaccording to_. A. the date of acceptance B. the date of presentation C. the date of the bill D. the date of maturity 5. _is a special endorsement.A. Pay to the order of D Co B. Accepted For C Co, Paris For ABC BANK, Paris (Signed) (Signed) C. PAYMENT GUANANTEED D. _FOR ACCOUNT OF Account PayeeSIGNED BY _DATED ON GOOD AS AVAL 6. _ offers the greatest security to the exporter? A. Documents against acceptance B. Cash against documents C. Commercial Standby Credit D. D/P 45 days after sight 7. _is not included in the category of payment guarantee A Deferred payment bond B Guarantee for compensation trade C Loan guarantee D Bid bond 8. The sum of the transferred credit will not be . A. the same as in the credit before transfer B. less than in the credit before transfer C. more than in the credit before transfer D. equal to the original credit 9. A bill of lading issued by _will not be acceptedA. The carrier B. A named agent for or on behalf of the carrierC. The master or a named agent for or on behalf of the masterD. The agent of the carrier 10. The seller can get assistance from the factor by latters providing an assessment of the creditworthiness of the overseas buyers as well as by latters offering credit control and _A sales accounting B development of new markets C international sales D bad debt protection Scores IIIChoose the correct answer(s) to each of the following statements.(Each may has one or more correct answer, 2 scores per sub-article, total 20 scores)Sub-Article1 2 3 4 5 6 7 8 9 10 Answer 1. Clean draft can be applied under_A non-trade business B international trade with small amountC Clean credit D Charges caused by trade 2. _is(are) designed as per the theory of promissory note A International money order B Travellers cheque C Treasury bill D Negotiable certificate of deposit E Credit card 3. Negotiable instrument can be as_A As a means of payment B As a credit instrumentC As a transferable instrument D As a irrevocable instrument 4. The following party _may become the applicant of bond.A Contracted parties B Tender C Buyer D Seller5. Letter of guarantee can solve the following problem_A Sellers delivery ability B Buyers payment abilityC Payment before shipment or Payment later than shipmentD short capital 6. Which of the following is belong to Remittance_ A Draft demand B Credit C Cash on delivery D Cash with order 7._ is(are) risks that the exporter assumes on documentary collection basis. A. Non-acceptance of merchandise B. Harm to the reputation due to dishonor C. Exchange restrictions D. Non-payment of trade acceptance 8. A Seller can apply for_(finance) to the local bank under O/A 90days. A. Factoring B. Bankers acceptance C. Packing loan D. Finance under export credit insurance 9. _is(are) correct.A. When an issuing bank determines that a presentation is complying, it must honor.B. When a confirming bank determines that a presentation is complying, it must honor or negotiate and forward the documents to the issuing bank.C. When a nominated bank determines that a presentation is complying and honors or negotiates, it must forward the documents to the confirming bank or issuing bank.D. An advising bank advises the credit and any amendment must undertake to honor or negotiate 10. Confirming bank undertaking_A. Provided that the stipulated documents are presented to the confirming bank or to any other nominated bank and that they constitute a complying presentation, the confirming bank must honorB. Negotiate, without recourse, if the credit is available by negotiation with the confirming bank.C. A confirming bank is irrevocable bound to honor or negotiate as of the time it adds its confirming to the credit.D. If a bank is authorized or requested by the issuing bank to confirm a credit but is not prepared to do so, it must inform the issuing bank without delay and may advise the credit without confirmation Scores IV Please answer the following questions.（Total 10 scores）1. If a credit with clauses “This credit will become operative provided that the necessary authorization be obtained from exchange authority，we shall inform you as soon as the authorization obtained.”Please have an analysis on the risks maybe caused by the clause at the sellers end. (5 Scores) 2If a S/C stipulated “The buyer must issuea credit be available with any bank by negotiation at 45days from date of shipment. Shipment from Shanghai to Los Angeles by sea” to the seller”. Because of short capital, how can the buyer apply for finance to the issuing bank? (Finance products and its detailed application)(5 Scores) Scores V Practice combination: (Total 20 scores)1. As per the credit specimen and documentation condition, please draft a draft (5 scores) and a commercial invoice (10 scores) for the beneficiary.2.How to show “Blank endorsement” on the bill of exchange. (2 scores)3.How to show “Acceptance” on the bill of exchange. (2 scores)4.To judge kinds of this credit at least 2 kinds. (1 scores) (1) Specimen of creditFORM OF DOC.CREDIT: IRREVOCABLECREDIT NUMBER: 50000585DATE OF ISSUE: 080506EXPIRY DATE AND PLACE: DATE 080630 PLACE CHINAISSUING BANK: REPUBLIC NATIONAL BANK OF NEW YORK，NEW YORK USAAPPLICANT: NANCY FABRICS INC, 5 STREET NO.43 AVENUE 5, NEW YORK USABENEFICIARY: HANGZHOU TENGLONG WEAVING CO., LTD. #198 JIANSHE NO.1 ROAD, XIAOSHAN ECONOMIC &TECHNOLOGICAL DEVELOPMENT ZONE, HANGZHOU CHINA 311215AMOUNT: CURRENCY USD AMOUNT 13,200.00(SAY U.S.DOLLARS THIRTEEN THOUSAND AND TWO HUNDRED ONLY.)VAILABLE WITH/BY: ISSUING BANK BY ACCEPTANCE AT 60 DAYS AFTER SIGHTDRAWEE TO : OURSELVESPARTIAL SHIPMENTS: PARTIAL SHIPMENTS PROHIBITEDTRANSSHIPMENT: TRANSSHIPMENT ALLOWED.LOADING IN CHARGE: SHANGHAI, CHINAFOR TRANSPORT TO: NEW YORKLATEST DATE OF SHIP: 080615DESCRIPT.OF GOODS:UPHOLSTERY FABRICS AS PER APPLICANTS ORDER SHEET NO.NKY201 CIF NEW YORK SUBJECT TO INCOTERMS 2000DOCUMENTS REQUIRED: +SIGNED COMMERCIAL INVOICE 2 ORIGINALS AND 3 COPIES. +DETAILED PACKING LIST 2 ORIGINALS + 2 COPIES +CERTIFICA