lOMoARcPSD| 36782889
1. Which of the following trade terms (Incoterms 2020) are applicable for maritime
transport and inland waterway only? (Điều khoản thương mại nào sau đây (Incoterms 2020) chỉ
áp dụng cho vận tải biển và đường thủy nội địa?) a. FCA, FAS, FOB, CIF b. CFR, FOB, CIF, FAS c. CIF, CIP, FOB, FAS d. FOB, FAS, CIF, DAP
2. Which statement about the trade term CIF is not correct?
a. CIF stands for cost, insurance and freight
b. The buyer has to sign an insurance contract for the delivered goods
c. The seller has to sign an insurance contract for the delivered goods in favorof the buyer
d. CIF is used for maritime transport
Tuyên bố nào về thuật ngữ thương mại CIF là không chính xác?
CIF là viết tắt của chi phí, bảo hiểm và vận chuyển hàng hóa
b. Người mua phải ký hợp đồng bảo hiểm cho hàng hóa được giao
c. Người bán phải ký hợp đồng bảo hiểm cho hàng hóa được giao có lợi chongười mua
d. CIF được sử dụng cho vận tải hàng hải
3. Which of the following contents is not required to be stated on an ocean bill of lading?
a. Freight details whether it is "prepaid freight" or "freight collect" b. Vessel and voyage number
c. Number of original B/Ls d The unit price of the goods
Nội dung nào sau đây không bắt buộc phải ghi trên vận đơn đại dương?
một. Chi tiết vận chuyển hàng hóa cho dù đó là "vận chuyển hàng hóa trả trước" hay "thu thập
hàng hóa" b. Số hiệu tàu và chuyến đi
c. Số B/L ban đầu d Đơn giá hàng hóa
4. A "Clean Bill of Lading” means:
a. There are no corrections and alterations on the B/L.
b. The word “clean” must appear on the B/L.
c. There is no clause or notation expressly declaring a defective condition of the goods. d. (a) and (b) are correct.
"Vận đơn sạch" có nghĩa là:
a. Không có sự điều chỉnh và thay đổi trên B / L.
b. Từ "sạch" phải xuất hiện trên B/L.
c. Không có điều khoản hoặc ký hiệu nào tuyên bố rõ ràng tình trạng lỗi củahàng hóa. d. (a) và (b) là đúng.
5. In which trade term is Saigon port of Vietnam being a loading port? a. CIP Saigon Port, Vietnam b. DAP Saigon Port, Vietnam c. CIF Saigon Port, Vietnam d. FAS Saigon Port, Vietnam lOMoARcPSD| 36782889
Cảng Sài Gòn của Việt Nam là cảng bốc xếp trong thời hạn nào?
a. Cảng Sài Gòn CIP, Việt Nam
b. DAP Cảng Sài Gòn, Việt Nam
c. CIF Cảng Sài Gòn, Việt Nam
d. Cảng FAS Sài Gòn, Việt Nam
6. The bank that withdraws a specific sum of money from the importer's account for check clearance is: a. Paying bank b. Collecting bank c. Correspondent bank d. None of above
Ngân hàng rút một khoản tiền cụ thể từ tài khoản của nhà nhập khẩu để làm thủ tục kiểm tra là: a. Thanh toán ngân hàng b. Thu ngân hàng c. Ngân hàng đại lý d. Không ai trong số trên
7. Which of the following arrangements ranks the trade terms in the ascending order of
the buyer's responsibility: a. EXW, CFR, FOB, DDP b. EXW, FOB, CFR, DDP c. DDP, CFR, FOB, EXW d. DDP, FOB, CFR, EXW
Thỏa thuận nào sau đây xếp hạng các điều khoản thương mại theo thứ tự tăng dần trách
nhiệm của người mua: a. EXW, CFR, FOB, DDP b. EXW, FOB, CFR, DDP c. DDP, CFR, FOB, EXW d. DDP, FOB, CFR, EXW
8. On a bill of lading issued by STIP shipping company, shipper is “Kaisan Co. (Japan)":
consignee is "To order of TP Bank Vietnam)". and notify party is "Ecohause Co.Ltd (Vietnam). The rightful endorser is: a. Kaisan Co. b. STIP shipping company C. Ecohause Co.Ltd d. TP Bank
Trên vận đơn do công ty vận chuyển STIP phát hành, shipper là
"Kaisan Co. (Nhật Bản)": người nhận hàng là "To order of TP Bank Vietnam)". và thông báo cho
bên là "Co.Ltd Ecohause (Việt Nam). Người ủng hộ hợp pháp là: a. Công ty Kaisan
b. Công ty vận chuyển STIP C. Ecohause Co.Ltd d. TP Bank
9. When the drawee signs the bill of exchange, it is considered as: a. Endorsed b. Accepted c. Aval d. Paid
Khi người rút tiền ký vào hóa đơn trao đổi, nó được coi là: a. Xác nhận b. Chấp nhận c. Hạ lưu d. Đã thanh toán
10. A(n) bill of lading does not guarantee that the goods have been loaded on the vessel: a. on-board b. unclean c. received-for-shipment d. straight
Vận đơn A(n) không đảm bảo hàng hóa đã được xếp lên tàu: lOMoARcPSD| 36782889 a. trên tàu b. ô uế
c. nhận được cho lô hàng d. thẳng
11. A document that contains the most precise description of the goods is known as a ... a. Promissory note b. Packing list c. Commercial invoice d. Certificate of origin
Một tài liệu có chứa mô tả chính xác nhất về hàng hóa được gọi là ... a. Lưu ý lăng nhăng b. Danh sách đóng gói c. Hóa đơn thương mại
d. Giấy chứng nhận xuất xứ
12. International trade and domestic trade differ because of:
a. Different government policies
b. Fluctuated factor of exchange rate
c. Participant from different countries d. All of the above
Thương mại quốc tế và thương mại nội địa khác nhau vì of:
a. Các chính sách khác nhau của chính phủ
b. Yếu tố biến động của tỷ giá hối đoái
c. Người tham gia từ các quốc gia khác nhau
d. Tất cả những điều trên
13..................................... is a document of tittle to goods a. Multimodal bill of lading b. Bill of exchange c. Foreign sale contract d. Seaway bill
........................................... là một tài liệu của tiêu đề cho hàng hóa
a. Vận đơn đa phương thức b. Hóa đơn trao đổi
c. Hợp đồng mua bán nước ngoài d. Hóa đơn seaway
14. If a bill of exchange is made to bearer, payment should be made to..** a. a bank b. drawer
C. anyone who presents the draft d. acceptor
Nếu hối phiếu là vô danh, thanh toán phải được thực hiện. a. ngân hàng b. ngăn kéo
C. Bất cứ ai trình bày dự thảo d. người chấp nhận 15. Trên B/L do
15. On a B/L issued by STIP shipping company, shipper is “Kaisan Co. (Japan)"; consignee
is “to order"; and notify party is “Ecohause Co.Ltd (Vietnam)". The rightfull endorser is: a. Kaisan Co. b. STIP shipping company lOMoARcPSD| 36782889 c. Ecohause Co.Ltd d. Anyone is holding the B/L
Trên B/L do công ty vận chuyển STIP cấp, chủ hàng là "Công ty Kaisan (Nhật Bản)"; người
nhận hàng là "đặt hàng"; và thông báo bên là "Ecohause Co.Ltd (Việt Nam)". Người ủng hộ hợp
pháp là: a. Công ty Kaisan
b. Công ty vận chuyển STIP c. Co.Ltd Ecohause
d. Bất cứ ai đang giữ B/L
16. BW Bank in Germany opens the JPY account at JP Bank in Tokyo. JP Bank in Tokyo also
opens the EUR account at BW Bank. So, which following statement is not correct? a. JP Bank
calls the JPY account as Vostro ( T )
b. BW Bank calls the JPY account as Vostro (Nostro)
c.JP Bank calls the EUR account as Nostro ( T ) d .BW Bank
calls the EUR account as Vostro ( T )
At BW Bank, JPY account calls Nostro
At JP Bank, JPY account calls Vostro At JP Bank,
EUR account calls Nostro
At BW Bank, EUR account calls Vostro.
17. In international payments, the risk that a companies will not receive payment from
their counterparty because of current civil war which effects banking operation. It is: a. Counterparty risk b. Foreign exchange risk c. Country risk d. Risk of natural disaster
Trong thanh toán quốc tế, nguy cơ một công ty sẽ không nhận được thanh toán từ đối tác
của họ vì cuộc nội chiến hiện tại ảnh hưởng đến hoạt động ngân hàng. Đó là: a. Rủi ro đối tác b. Rủi ro ngoại hối c. Rủi ro quốc gia d. Rủi ro thiên tai
18. In Incoterms 2020, compared with FOB conditions, importing goods under CIF terms
helps the importer: a. Do not bear the risk for the main transport
b. Do not have to pay for the goods when the goods are lost in transit
c. Do not carry out procedures for exporting clearance.
d. Do not contract for the main transport
Trong Incoterms 2020, so với điều kiện FOB, nhập khẩu hàng hóa theo điều khoản CIF giúp nhà nhập khẩu:
a. Đừng chịu rủi ro cho phương tiện giao thông chính
b. Không phải trả tiền cho hàng hóa khi hàng hóa bị mất trong quá trình vận chuyển
c. Không làm thủ tục thông quan xuất khẩu. lOMoARcPSD| 36782889
d. Không ký hợp đồng vận chuyển chính
19. In Incoterms 2020, which term requires that the seller contracts for carriage and bear
all risk up to the named point in the buyer's country? (Trong Incoterms 2020, điều khoản nào
yêu cầu người bán ký hợp đồng vận chuyển và chịu mọi rủi ro cho đến điểm được đặt tên ở
quốc gia của người mua?) a. FCA and FOB b. CFR and CPT c. DAP and DPU d. DAP and CPT
20. Company A sells goods to company B and draws a term bill of exchange against
company B. The B/E has been accepted by company B and then endorsed to company C. Which
of the following statements is CORRECT with the properties of the B/E?
a. Company B is only responsible for paying company C in full if the goods aredelivered
according to the agreement between company A and company B.
b. Company B refuses to pay company C because the endorsement ofcompany A to company C
has not been approved by company B.
c. Both of company A and company B are obligated to pay company C.
d. The only person responsible for paying company C is company B, even if
company A does not deliver the goods as agreed with company B.
Công ty A bán hàng hóa cho công ty B và rút ra một hóa đơn trao đổi có thời hạn đối với
công ty B. B/E đã được công ty B chấp nhận và sau đó được xác nhận cho công ty C. Which của
các tuyên bố sau đây là ĐÚNG với các thuộc tính của B / E?
a. Công ty B chỉ có trách nhiệm thanh toán đầy đủ cho công ty C nếu hànghóa được giao theo
thỏa thuận giữa công ty A và công ty B.
b. Công ty B từ chối thanh toán cho công ty C vì sự chứng thực của công ty Acho công ty C chưa
được công ty B chấp thuận.
c. Cả công ty A và công ty B đều có nghĩa vụ thanh toán cho công ty C.
d. Người duy nhất chịu trách nhiệm thanh toán cho công ty C là công ty B,ngay cả khi công ty A
không giao hàng theo thỏa thuận với công ty B.
21. "If B/E is accepted by............... so-called ........... If B/E is accepted by ............. so-called
............ If B/E is issued by .............. so-called............" .Which following words are correct respectively? a.
Exporter/ Trade acceptance/ Importer's bank/ Banker's
acceptance/Importer/Commercial draft b. Importer/ Trade acceptance/ Exporter's bank/ Banker's
acceptance/Exporter/Bank draft
c. Importer/ Trade acceptance/ Importer's bank/ Banker's
acceptance/Exporter/Commercial draft
d. Importer/ Banker's acceptance/ Importer's bank/ Trade acceptance/Exporter/Commercial draft
22. Which statement is correct about commercial invoice?
a. It is the basis for determining the carriage route
b. It is issued by the carrier
c. It is one of the important financial documents in international trade transaction.
d. It is showed carriage route, goods description, unit price and total price of lOMoARcPSD| 36782889
goods as well as trading and payment term.
Tuyên bố nào là đúng về hóa đơn thương mại?
a. Đây là cơ sở để xác định lộ trình vận chuyển
b. Nó được phát hành bởi nhà cung cấp dịch vụ
c. Đây là một trong những tài liệu tài chính quan trọng trong giao dịch thươngmại quốc tế.
d. Thể hiện lộ trình vận chuyển, mô tả hàng hóa, đơn giá và tổng giá hànghóa cũng như thời
hạn giao dịch, thanh toán.
23. Certificated of origin is issued by which of the following entities is the basis for goods
to enjoy the preferential tariff treatment? a. Exporter b. Manufacturer c. Chamber of Commerce
d. Exporter and Chamber of Commerce together.
Giấy chứng nhận xuất xứ do đối tượng nào sau đây là cơ sở để hàng hóa được hưởng ưu
đãi thuế quan? a. Xuất khẩu b. Nhà sản xuất c. Phòng Thương mại
d. Nhà xuất khẩu và Phòng Thương mại cùng nhau.
24. The date of the insurance document must not be later than..........unless it indicates
that the insurance is effective from a date no later than .....
a. Bill of lading date / Bill of lading date
b. Bill of lading date / Bill of exchange date
c. Commercial invoice date / Bill of lading date
d. Commercial invoice date/ Bill of exchange date
Ngày lập hồ sơ bảo hiểm không được muộn hơn......... trừ khi nó chỉ ra rằng bảo hiểm có
hiệu lực từ một ngày không muộn hơn . . . a. Vận đơn ngày / Vận đơn ngày
b. Vận đơn ngày / Hóa đơn ngày trao đổi
c. Ngày lập hóa đơn thương mại / Vận đơn ngày
d. Ngày lập hóa đơn thương mại/ Hóa đơn ngày trao đổi
25. Which following operations do not apply to promissory note? a. Aval b. Endorsement c. Acceptance d. Discounting
Những thao tác nào sau đây không áp dụng cho lưu ý ủy thác? a. Đảm bảo b. Chứng thực c. Chấp nhận d. Chiết khấu
PART 2: QUESTION (3 points)
This is a bill of exchange issued by exporter XY to the importer NZ. Please determine which
contents made the B/E become invalid? Explain why? How to correct those mistakes? lOMoARcPSD| 36782889 No: 10/21-B/E Dec 1st 2021 For: USD 49,500.00
At 90 days after date of Bill of lading (3/12/2021) of this first Bill of exchange
(Second of the same tenor and date being unpaid) pay to the order of Asia Commercial Bank,
Việt Nam the sum of US Dollars forty nine thousand six hundred only
Value received as per our Invoice No 21/A77 of trading 10,000MT Vietnamese rice. To: NZ Co. Co. Ltd, Vietnam Tokyo, Japan Jonathan Le, Director
1. The bill of exchange is not titled "Bill of exchange”
2. Value received as per our Invoice No 21/A77 of trading 10,000MT Vietnamese rice.
The bill of exchange must not include conditions or content related to goods and services. 3. Việt Nam
Vietnamese names are not allowed.
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The following terms and condition are extracted from a MT700 sent through SWIFT system:
---------------------------Message Header--------------------------------- Swift Input
:FIN 700 - ISSUE OF A DOCUMENTARY CREDIT Sender:
VIETCOMBANK, HO CHI MINH, VIET NAM Recever:
DRUTSCHE BANK, BERLIN HEAD OFFICE, GERMANY
---------------------------Message Text -------------------------------------
40A: Form of Documentary Credit: IRREVOCABLE 20:
Documentary Credit Number: LC12345 31C: Date of Issue: 170112
31D: Date and Place of Expiry: 170221 IN GERMANY 50: Applicant: THINH VUONG CO., LTD HO CHI MINH CITY, VIETNAM 59:
Beneficiary -Name & Address LINKA CO, LTD BERLIN, GERMANY 32B: Currency Code, Amount ABOUT USD 5,000,000.00
41D: Available With … By … ANY BANK BY NEGOTIATION 42A: Drawee VIETCOMBANK HCM, VIETNAM 42C: Drafts at …
SIGHT FOR 100PCT OF INVOICE VALUE 43P: Partial shipment PERMITED 43T: Transshipment: NOT PERMITTED 44C: Latest Date of Shipment: 170131 44E: Port of Loading/ Airport ANY PORT IN GERMANY
44F: Port of Discharge/ Airport
SAIGON NEW PORT, VIETNAM 45: Description of goods and/or services: + COMMODITY: WHEAT FLOUR + QUANTITY: 10,000MT + UNIT PRICE: USD500.-/MT
+ TRADE TERMS: CIF SAIGON NEW PORT, VIETNAM 46A: Documents Required:
1. COMMERCIAL INVOICE IN 01 ORIGINAL AND O2 COPIES
2. FULL SET (3/3) OF ORIGINAL CLEAN SHIPPED ON BOARD OCEAN BILL OF LADING, MARKED “FREIGHT PREPAID”,
MADE OUT TO THE ORDER OF THE ISSUING BANK AND NOTIFY THE APPLICANT
3. CERTIFICATE OF ORIGIN ISSUED BY A RELEVANT AUTHORITY IN 01 ORIGINAL AND 02 COPIES
4. CERTIFICATE OF QUALITY ISSUED BY AN INDEPENDENT INSPECTION COMPANY IN 03 ORIGINALS
5. FULL SET ORIGINALS OF INSURANCE POLICY ENDORSED IN BLANK FOR 110
PERCENT OF INVOICE VALUE, SHOWING CLAIM PAYABLE BY A SETTLEMENT
AGENT IN HO CHI MINH CITY (WITH NAME AND FULL ADDRESS STATED) AND NUMBER OF ORIGINAL FOLDS TO BE ISSUED 48:
Period of Presentation: DOCUMENTS MUST BE PRESENTED WITHIN 21 DAYS
AFTER SHIPMENT DATE BUT WITHIN THE VALIDITY OF THE CREDIT
------------------------------------------------------------------------------ Questions:
1) Which type of L/C is it? List all participants in the L/C process. lOMoARcPSD| 36782889
* The type of L/C is IRREVOCABLE and NEGOTIATION. * All
participants in the L/C process.
- Applicant: THINH VUONG CO., LTD - Beneficiary: LINKA CO, LTD - Inssuring Bank: VIETCOMBANK
- Advising Bank: DRUTSCHE BANK
- Nominated Bank: ANY BANK BY NEGOTIATION
2) Explain the meaning of 31C and 31D?
- Field 31C: is the issuance date of the letter of credit. This is the date the letter of credit
becomes effective for the parties concerned. SWIFT issue and all dates are YY/MM/DD.
The effective date of the above L/C is January 12, 2017.
- Field 31D: Is the date and place of expiration of L/C.
In the description above, the expiry date of the L/C is 21/02/2017 in Germany. 3)
Which Incoterm is applied? Explain the route of main carriage required in L/C? •
Incoterm type is apply is: CIF •
The route of main carriage required in L/C:
The shipper is LINKA CO, LTD will send the goods to the carrier.
Carrier will deliver to any port of loading in Germany.
The port of discharge is the NEW SAIGON port in VIETNAM.
The latest delivery date is January 31, 2017.
Partial deliveries are allowed and no transit is allowed. 4)
What is the type, quantity and special contents of documents must be presented?
Description of goods and/or services: + COMMODITY: WHEAT FLOUR + QUANTITY: 10,000MT + UNIT PRICE: USD500.-/MT
+ TRADE TERMS: CIF SAIGON NEW PORT, VIETNAM Documents Required:
1. COMMERCIAL INVOICE IN 01 ORIGINAL AND O2 COPIES
2. FULL SET (3/3) OF ORIGINAL CLEAN SHIPPED ON BOARD OCEAN BILL OF LADING, MARKED “FREIGHT PREPAID”,
MADE OUT TO THE ORDER OF THE ISSUING BANK AND NOTIFY THE APPLICANT
3. CERTIFICATE OF ORIGIN ISSUED BY A RELEVANT AUTHORITY IN 01 ORIGINAL AND 02 COPIES
4. CERTIFICATE OF QUALITY ISSUED BY AN INDEPENDENT INSPECTION COMPANY IN 03 ORIGINALS
5. FULL SET ORIGINALS OF INSURANCE POLICY ENDORSED IN BLANK FOR 110
PERCENT OF INVOICE VALUE, SHOWING CLAIM PAYABLE BY A SETTLEMENT
AGENT IN HO CHI MINH CITY (WITH NAME AND FULL ADDRESS STATED) AND
NUMBER OF ORIGINAL FOLDS TO BE ISSUED 5)
What is the total credit amount of L/C? Is there any tolerance? Explain the meaning? lOMoARcPSD| 36782889
The total credit amount of L/C is USD 5,000,000.00
Have tolerance is not past 10%. Because in field 32B: the field represents the value that writes "About" 6)
Given the shipment date is on 17th January 2017 and seller issues an invoice for
USD5,000,000 on the same date:
a. Which is the latest date for the presentation of required documents? Explain?
The latest date for the presentation of required documents is February 7, 2017. Because
in the L/C it is mentioned that the deadline for presenting documents for payment is 21 days after shipment date.
b. Issue a bill of exchange by filling the blank spaces as follow: BILL OF EXCHANGE No: 879xx/17 For: USD 5,000,000.00
BERLIN, GERMANY , 17th January 2017
At sight of this SECOND Bill of Exchange (FIRST of the same tenor and date being unpaid)
pay to the oder of DRUTSCHE BANK, GERMANY the sum of US dolars five million only .
Drawn under Irrevocable L/C No LC12345, dated January 12, 2017,
Issued by VIETCOMBANK, HO CHI MINH, VIET NAM
To: VIETCOMBANK, HO CHI MINH, VIET NAM LINKA CO, LTD 7)
Exporter present one set of required documents for USD 5,000,000.00 to DEUTSCHE
BANK, BERLIN on Monday, 06th February 2017. Which is the latest date for DEUTSCHE BANK to
determine whether a presentation is complying or not? Knowing that Saturday is not banking
day and 8th of Feb. is holiday in Germany. 12th February 2017.
Monda Tuesd Wednesd Thursd Frida Sasturd Sund Mond Tuesd y ay ay ay y ay ay ay ay 06th 07th 08th 09th 10th 11th 12th 13th 14th X 1 X 2 3 X X 4 5 8)
Affter checking presented documents. DEUTSCHE BANK refuses to negotiate (thương
lượng) because of some following reasons:
a. The commercial invoice is not signed by the seller F
b. The bill of lading is marked “freight collect” T
c. The consignee on the bill of lading is "TO ORDER OF DEUTSCHE BANK, BERLINT” T
d. The BL des not indicate "clean", although it has no notation expressly declaring a
defective condition of the goods or packaging. F
e. The port of loading on the of lading is “Hamburg Port German” F
f. The insurance certificate in that the insured is LINKA CO., LTD T
g. The insurance cover is effective from 17th January 2017 T lOMoARcPSD| 36782889
h. The insurance policy indicates that the amount insured is USD 5,000,000.00 T
Based on UCP600 give your opinion and explain in detail whether part of DEUTSCHE BANK'S
reasons for rejecting presented documents is comect or incorrect? (eg. corsidering each cases ->
Is this a discrepancy? Why? Is the bank's reason correct)
--------------------------------------------------------------- CHAPTER 5:
Question 1 Field 71A in MT103 expresses “Details of charges: OUR”. Who is responsible for the
paying bank’s charges? A. The remitting bank. B. The intermediate bank. C. The remitter. D. The beneficiary.
Question 2 Of the following methods of payment, which method is the most disadvantageous
to the exporter: A. Documentary credit B. Remittance after shipment
C. Documentary collection D. Remittance before shipment
Question 3 Which method of payment is applied for non-merchant transactions? A. Documentary collection B. Remittance C. Documentary credit D. Cash against documents
Question4 In a sales contract, the payment term is stipulated as “by T/T within 90 days after
shipment”. Of the following statements, which one is incorrect?
A. the adopted payment method is telegraphic transfer
B. the seller will receive payment before making shipment
C. the buyer is safe with the mentioned method of payment
D. the seller extends a commercial credit to the buyer through the mentionedmethod of payment CHAPTER 6
Question 1 If the importer refuses to pay for imported cargo, the collecting bank should:
A. Send the documents back to the exporter.
B. Follow the instructions presented in collection instruction received from the remitting bank.
C. Ask the principal for solutions.
D. Ask the importer to pay, if not, the bank has to be responsible for thepayment.
Question 2: A collecting bank receives a collection instruction from a foreign bank. Then the
collecting bank receives another instruction from the principal requesting to change the type of
collection from D/A to D/P. According to URC 522, what should the collecting bank do? A. Ask the buyer for details.
B. Follow the instruction of the remitting bank.
C. Follow the instruction of the principal.
D. Follow the instruction of the principal if the buyer agrees to do so.
Question 3: Arrange these payment methods in the descending order of the seller’s risk lOMoARcPSD| 36782889
A. Advance payment, confirmed L/C, irrevocable L/C, D/P, open account
B. Open account, D/P, D/A, advance payment, irrevocable L/C
C. Open account, D/A, D/P, irrevocable L/C, confirmed L/C, advance payment
D. Open account, D/P, D/A, irrevocable L/C, confirmed L/C, advance payment.Question 4
According to URC 522, what does the collecting bank have to check when receiving a set of
documents for collection? (1) The authenticity of documents; (2) the quantity of each document;
(3) the number of types of documents; (4) the content of documents A. (2) và (3) B. (1), (2) và (3) C. (2), (3) và (4) D. (1), (2), (3) và (4)
Question 5 In the case of D/P, the collection instruction stipulates “All charges are for drawee’s
account. In case of refusal, do not waive the charges”. If the importer agrees to make payment
for the amount of collected value only and refuses to make payment for the collection charge,
how will the collecting bank deal with the documents?
A. the collecting bank still delivers the documents to the importer and deducts the collecting
charge from the collected value.
B. The collecting bank does not deliver the documents to the importer and
inform the remitting bank about the situation immediately. C.
The collecting bank still delivers the documents to the importer andrequests the
remitting bank to pay the collecting charge D.
The collecting banks still delivers the documents to the importer if theimporter explains
that all the collecting charges are for the account of the exporter CHAPTER 7
Question 1 If the issuer of documents is not stipulated clearly in the L/C, which documents can
be issued by the exporter himself? A. Quantity certificate, Packing List, Invoice and C/O.
B. Invoice, Fumigation certificate, Insurance Policy and C/O.
C. Health certificate, Bill of Lading, Invoice and C/O.
D. Multimodal transport document, Invoice, Quality certificate and Quantitycertificate.
Question 2 What type of L/C should be used when a company in Vietnam involves in a shoes
processing stage for a foreign partner? A. Revolving L/C. B. Transferable L/C. C. Reciprocal L/C. D. Standby L/C.
Question 3 What type of L/C should be used when a company exports goods through a middleman? A. Red Clause L/C. B. Back to back L/C. B. Reciprocal L/C. D. Negotiable L/C.
Question 4 According to UCP 600, how many days does an issuing bank have to check the
compliance of presented documents? A. Five days following the day of presentation.
B. Twenty one days following the day of presentation.
C. Five banking days following the day of presentation.
D. Five banking days following the day of shipment
Question 5 According to UCP 600, what will an issuing bank do if the bank concludes that there
are discrepancies in the presented documents?
A. Inform the beneficiary that the bank is refusing to honour.
B. Inform the beneficiary all discrepancies in respect of which the bankrefuses to honour. lOMoARcPSD| 36782889
C. Notice the beneficiary that the issuing bank is holding the documents untilit receives a waiver from the applicant. D. All are correct
Question 6 According to UCP 600, how many days does the seller have to prepare and present
original B/Ls to the issuing bank/ negotiating bank? A. Within 21 days
B. Within 21 days after shipment date
C. Within 21 days after shipment date but within the validity of L/C
D. Within 21 working days after shipment date but within the validity of L/C