cdcs教材课后习题答案1.pdf

CHAPTER 1 1. What is the instrument to which the Letter of Credit can be historically related? The Traveler’s Letter of Credit. 2. What is the key element that acts as a prerequisite to trigger a payment in a usual documentary credit transaction ?  All documents as stipulated by the Letter of Credit have been presented.  All terms and conditions of the credit have been complied with. 3. Name the three ICC publications/rules that act as a supplement to the UCP 600.  URR 525 (URR 725)  eUCP 1.1  ISBP for UCP600 4. Can you detail the procedural steps involved in a documentary credit issued in standard or common form? (1)Contract made between APP(buyer) and BEN(seller) (2)APP request the issuing bank to issue a DC (3) The issuing bank issue a DC (4)At the request of the issuing bank ,the advising bank advise the DC to BEN (5) BEN make shipment (6)BEN presents the docs to the nominated bank (7) The nominated bank honor or negotiate (8)The nominated bank forwards the docs to the issuing bank (9)Reimbursement is made by Issuing bank to nominated bank (10)The issuing bank forwards the docs to the APP Against pre-agreed settlement terms. (11)The APP pay issuing bank against the docs (12)The APP take delivery. CHAPTER 2 1. What are the essential issues upon which the buyer and seller should agree in a sales agreement? a. The seller’s undertaking to provide the goods to the buyer, and b. The buyer’s undertaking to pay the price in return 2. Why is it important that both buyers and sellers understand the three-letter abbreviations used in their sale agreement? The trade terms specify whether the seller or the buyer i