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CDCS 教材习题答案
Appendix B
Answers to review questions
Chapter 1 Basic principles of documentary credits 379
Chapter 2 The sales contract 380
Chapter 3 Documentary credits: types, uses and
characteristics 380
Chapter 4 Issuing a documentary credit 381
Chapter 5 Advising a documentary credit 382
Chapter 6 Shipment of goods and preparation of documents 382
Chapter 7 Insurance documents 382
Chapter 8 Financial, commercial and other ofcial
documents 383
Chapter 9 Examination of documents 384
Chapter 10 Settlement 384
Chapter 11 Other products relating to a documentary credit 385
Chapter 12 Analysis of ICC rules 385
Chapter 1 Basic principles of
documentary credits
1. The correct answer is d.
It is only when a complying presentation is made to a nominated bank,
conrming bank or issuing bank that honour or negotiation may or will
take place. See UCP 600 sub-articles 7 (a) and 8 (a), and article 12.
2. The correct answer is c.
It is the issuing bank that undertakes to honour a complying
presentation that is made by or on behalf of the beneciary. See UCP
600 sub-article 7 (a).
3. The correct answer is c.
An applicant is not a party to a documentary credit. A documentary
credit constitutes an undertaking of a bank (issuing bank) and once
© ifs University College 2014 379
B:
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