国际结算课堂习题集.doc

1. Remitting bank: Bank of China, TianjinPaying bank: Bank of China, LuxemburgDate of cable: 9 JuneTest: 2563Ref No.: 208TT219Amount: USD1,660.00Payee: Marie Clauda Dumont, Luxemburg, account No. 0-1647295/550 with Banque International du Luxemburg Message: PayrollRemitter: Crystal Palace Hotel, TianjinCover: Debit our H. O. accountFM:_TO:_DATE:_TEST _OUR REF _NOT ANY CHARGES FOR USPAY:_TO:_FOR CREDITING ACCOUNT NO. _ OF_MESSAGE _ORDER _COVER _2. Remitting bank: Bank of China, TianjinPaying bank: midland Bank Ltd., LondonDate of cable: 10 JuneTest: 3561Ref No.: 208TT099Amount: GBP54,420.00Payee: Anglo International Co. Ltd., London account No. 36998044 with Midland Bank Ltd. Message: Contract No. 201541Remitter: Tianjin International Trust & Investment Corp., TianjinCover: Debit our H. O. accountFM:_TO:_DATE:_TEST _OUR REF _NOT ANY CHARGES FOR USPAY:_TO:_FOR CREDITING ACCOUNT NO. _ OF_MESSAGE _ORDER _COVER _3. MT 100 CUSTOMER TRANSFER DATE: 981206SENT TO: BKCHCNBJ200 BANK OF CHINA, TIANJIN: FM: 04HSBCHK25264HONGKONG AND SHANGHAI BANKING CORPORATION, HONGKONG: 20: TRN: TT-HKH315064BACP:32A: VALUE DATE/CUR CODE/AMTDATE: 9811206 CURRENCY CODE: CNY AMOUNT: 6,859.58: 50: ORDERING CUSTOMER: ARTHUR ANDERSEN AND CO.: 57s: “ACCOUNT WITH” BANK:BANK OF CHINA, TIANJIN BR., TIANJIN, CHINA: 59: BENEFICIARY CUSTOMER TIANJIN INTERNATIONAL TAXATION CONSULTING BUREAU: 70: DETAILS OF PAYMENT: PAYMENT TO RENT AND TAX FOR NOV. 1998: 71A: DETAILS OF CHARGES: BENEFICIARY: 72: BANK TO BANK INFORMATION: IN COVER SETTLE THRU OUR CNY A/C 111-01081 WITH YOUR BEIJING HEAD OFFICEIn accordance with above SWIFT Message Type 100, please write a cable text of remittance._4.If the paying bank maintains a current account with the remitting bank or the paying bank opens a current a/c with the remitting bank，please write the reimbursement instruction. 5. If the remitting bank has a a/c with the paying bank, please write the reimbursement instruction.6. If there is no vostro or nostro account between the remitting bank the paying bank, but both of them maintain current accoun with ABC bank. please write the reimbursement instruction.Please answer, fill the blanks in or make choice of the following questions:1. Collection means the handling by banks of documents in accordance with instructions received in order to (1) obtain payment and/or _or(2) deliver documents against _and /or against acceptance.(3) deliver documents on_2. Financial documents mean _, promissory notes, cheques, Commercial documents mean _, transport documents , documents title or other similar documents. 3. There are three kinds of collections, namely:(1) _ collection;(2) _collection;(3) _collection;4. Clean collection means collection of financial documents not accompanied by _.5. Documentary collection means collection of (1) financial documents accompanied by _, or(2) commercial documents not accompanied by _.6. Because the documents under direct collection are remitted by the _ directly to the collecting bank, they are not routed through the _ bank, so direct collection is not incorporated in the URC NO. 522.7. ICC Publication No. 522 says that the collection form attaching with the documents under direct collection must indicate that:(1) the collection is subject to _and(2) the collection is to be treated by the _- bank as though it was received from the _ bank.8. How many parties are there in a collection?(1) _( or seller) (2) _(3) _bank/_bank (4) _( or buyer)9. The collection which is to be handle by the exporters remitting bank is called _, its abbreviation is _ while that is to be handled by the importers collecting bank is called _, its abbreviation is _.10. The responsibility of the principal is that the party must prepare the _ in his application to ensure the terms for the delivery of documents are clearly and unambiguously stated.11. The responsibilities of the banks are that banks are only permitted to act upon the instructions given by the principal in the _ and in accordance with _.12. URC 522 says charges to be collected indicating whether they may be waived or not, and interest to be collected indicating rate of interest, interest period, basis of calculation (e.g. 360 or 365 days in a year). Look at the following two instructions for collection of interest charges and tell which one is preferable.(1) Please collect interest for delay in payment effected later than maturity of collection bill from the drawee.(2) Please collect interest for delay in payment calculated from the maturity to the date of actual payment at the rate of 6% per annum on the basis of 360 days a year from the drawee.13. Whether the collection charges levied by the banks are to be borne by the _- or the _should agree upon previously and indicate on the application. If the matter of charges has not been settled, the banks will collect their charges from the _,14. If the seller may attempt to have the buyer paid the collection charges with instruction to waive them if refused, the collection bank could not collect them from the buyer, then the collection charges will be for account of the _.15. If the seller wishes to have the buyer paid the collection charges with instruction to prohibit the waiving of them, the payment or acceptance of collection bill may be delayed, the banks are not _ for any consequence arising from such prohibition.16. The payee of the clean bill must make a _endorsement and remitting bank must make a _ endorsement to the collecting bank before sending it to the latter.17. Collection instruction should bear a complete or detailed _ of the drawee at which _ is to be made. If the _ is so simple as to be unable to present, collecting bank is not responsible for it. 18. URC 522 says to give instructions in case of non-payment or non-acceptance. Look at the following two instructions and tell which one is preferable.(1) In case of non-payment or non-acceptance, please advise us by cable/airmail stating reasons.(2) We will give instructions to you upon receipt of cable/airmail advice of non-payment or non-acceptance stating reasons.19. URC 522 says that the collection instructions should state the exact period of time and expressions such as “prompt”, “immediate”, “first” and the like should not be used in connection with presentation or with reference to any period of time within which documents have to be taken up or for any other action that is to be taken by the drawee. If such terms are used, banks will disregard them. Look at the following sentences and determine which one agrees to the above requirement. (1) When collection bill is presented by the collecting bank for acceptance, it must be accepted immediately.(2) When collection bill is presented by the collecting bank for acceptance, it must be accepted within 24 hours.20. (1) In case of non-payment/non-acceptance, an advice must be promptly given to the remitting bank.(2) In case of non-payment/non-acceptance, an advice must be given on the day following the date of dishonor.21. URC 522 says that goods should not be consigned to or to the order of a bank without prior agreement on the part of that bank.Put X in relative check boxes of the following sentences to express the consignee of B/L corresponding with above stipulating or usual practice.(1) B/L consigned to order and blank endorsed(2) B/L consigned to order and collecting bank(3) B/L consigned to order of shipper and blank endorsed(4) B/L consigned to order of Bank of China, London(5) B/L consigned to order of buyer22. Terms of delivery of documents are as follows:(1) Delivery of documents against _, its abbreviation _.(2) Delivery of documents against _, its abbreviation _.(3) Delivery of documents against payment of a _.(4) Delivery of documents against part of collection to be _ and the balance by way of the _ of a separate draft payable at a future date.(5) Delivery of documents against _.(6) Delivery of documents against _.(7) Delivery of documents against _to pay.23. In respect of clean collection permitting partial payments, the delivery of clean bill to buyer when (1) the first partial payment has been received, or (2) full payment has been received. 24. In respect of documentary collection permitting partial delivery of goods against partial payment, the delivery of the attached documents to the buyer when(1) the first partial payment has been received, or (2) full payment has been received. 25. URC 522 says that the principal nominates a representative to act as case-of-need. The collection instruction should clearly and fully indicate the power of such case-of-need. Look at the following two instructions and tell which one is preferable.(1) Special instruction: In case of need refer to Smith & Jones Co., 00 Rue des Achetuer, Paris. (2) Special instruction: In case of need refer to Smith & Jones Co., 00 Rue des Achetuer, Paris whose authority is limited to assisting in having draft honored.26. To initiate a collection, the principal must complete an (1) application for collection containing his instructions (2) letter of instructionsand send it together with financial and commercial documents to the _.The remitting bank must in accordance with application for collection complets a (3) transmittal letter (4) collection instruction. and dispatch it together with financial and commercial documents to the _. The collecting bank are only permitted to act in good faith upon the instructions given in such _.27. (1) China National Instruments Imp. & Exp. Corp., Tianjin Branch, Tianjin (Principal ) wishes to issue a draft dated 14 July, 200X drawn on Continental CO., 46 Rue de Ancient, Paris (drawee) at sight for USD1,200.00 payable to the order of Bank of China, Tianjin (remitting bank) which will make a special endorsement to Banque deu Paris, Paris marked “Drawn against shipment of 20 sets of transistors shipped per s.s. Chenghua from Tianjin to Le Harve for collection”. Please draw a draft to meet the above requirements.EXCHANGE for _ _,_pay this first bill of exchange(Second of same tenor and date unpaid) to the order of _the sum of _Drawn _To _ _ _ _Space for endorsement:(2) The principal presents an application for collection accompanied by draft and documents to the remitting bank for collection.An application for collection shows as follows:Commercial documents surrendered are below:B/L in triplicateInvoice in triplicate Insurance policy in duplicate Certificate of origin in duplicate Packing list in duplicate Collection instruction are given below:Deliver documents against payment Remit the proceeds by airmail Airmail advice of payment Collection charges outside China from drawee, waive if refused by him. Airmail advice of non-payment with reasons Protest waivedWhen collected, please credit proceeds to principals account with remitting bank. Remitting bank complete a collection instruction in accordance with principals application to add other requirements as follows: Ref. No. OC2576459Date: 15 July, 200XPlease collect and remit proceeds to Bank of China, New York for credit of our account with them under their advice to us.Ple