国际结算复习题(part two)

复习题（part two）一、 选择题 1. The minimum amount of the insurance cover under the letter of credit must be ( A ) A. 110% of CIF value B. 100% of CIP value C. 110% of invoice value D. 110% of FOB value2. 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 protection and ( D ) A. sales accounting B. development of new markets C. international sales D. collection service3. In documentary collection, after the goods have been shipped, the exporter presents the documents to ( C ) A. the collecting bank B. the reimbursing bank C. the remitting bank C. the opening bank4. Foreign trade can be conducted on the following terms except for ( D ) A. open account B. documentary collection C. documentary credit D. public bonds5. The red clause credit is often used as a method of ( B ) A. providing the buyer with funds prior to shipment B. providing the seller with funds prior to shipment C. providing the buyer with funds after shipment D. providing the seller with funds after shipment6. If the credit stipulates shipment on or about Jan. 10, 2008, then the date of on board bill of lading may be ( D ) A. Jan. 13, 2008 B. Jan. 6, 2008 C. Jan. 10, 2008 D. B or C7. Amendments to a letter of credit must be applied by ( A ) A. the account party B. the beneficiary C. the confirming bank D. the issuing bank8. If a credit calls for an insurance policy, banks will accept ( A ) A. an insurance policy B. an insurance certificate C. both A and B D. open policy二、填空题1. International remittance happens when a client (player) asks his bank to send a sum of money to a _beneficiary_ abroad by one of the transfer methods at his option.2. When the beneficiary presents the documents to his bank, he must follow the “3C principle” in his documentation, the “3C” represents _completeness_, _correctness_, _consistency_.三、判断题1. Non-settlement banks use the larger settlement banks as correspondents to settle their accounts with CHIPS. ( )2. Utilization of the credit is the process of the seller shipping the goods, presenting the documents and getting informed. ( )3. An unclean bill of lading is one which bears any clause or notation. ( ).四、名词解释 1. documentary collectionIt may be described as collections on financial instruments being accompanied by commercial documents or collections on commercial documents without being accompanied by financial instruments, that is, commercial documents without a bill of exchange. 2. forfeitingIt is the term generally used to denote the purchase of obligations falling due at some future date, arising from deliveries of goods and services-mostly export transactions-without recourse to any previous holder of the obligation. Simply speaking, forfaiting is the business of discounting medium-term promissory notes or drafts related to an international trade transaction 3. Promissory note It is an unconditional promise in writing made by one person( the maker) to another (the payee or the holder) signed by the maker engaging to pay, on demand or at a fixed or determinable future time a sum certain in money, to or to the order of a specified person, or to bearer. 4. Paying bank It is the bank entrusted by the remitting bank to pay a certain amount of money to a beneficiary named in the remittance advice. 5. Back to back documentary credit A back-to-back credit may be used when the credit issued in favor of the exporter( the middleman) is not transferable or though transferable it does not meet his requirements. The exporter, namely, the beneficiary of the first credit (the master credit or prime credit), offers it as a security to the advising bank or his banker for the issuance of a second credit (the back-to-back credit or subsidiary credit). In other words, the two credits are put “back to back”, the one being issued on the security of the other. 6. Commercial invoic