cad凭单付款.pdfVIP

I. True or false 1. In international trade, it is always necessary for the seller to urge the buyer to open the covering L/C in good time. ( ) 2. When the buyer fails to issue the covering L/C within the specified time of the contract, the seller holds the right of declaring the contract avoid. ( ) 3. When the contract requires payments to be effected in US dollar, the relevant L/C may choose to effect payment in RMB. ( ) 4. If the L/C prohibits partial shipments and the goods are shipped in full quantity with the price not reduced, a short drawing of 5 percent in the amount is permissible.( ) 5. When the L/C stipulates that the quantity of the goods must not be more or less than the prescribed quantity, the seller may still have the right of delivering 5 percent more or less.( ) 6. According to the UCP500, a freely negotiable credit must stipulate a place for presentation of documents for negotiation. ( ) 7. According to Article 43 of the UPC500, when the shipment date and the expiry date of L/C are August 30 and September 15 respectively, the beneficiary may present the documents between September 16 and 20 because these dates have not exceeded a period of 21 days.( ) 8. When the goods are posted, the latest date of shipment refers to the date of Post Receipt. ( ) 9. If the Issuing Band appoints the Bank of China as its Advising Bank of L/C ,then the Issuing Bank may ask the Bank of Asia to advis4e amendments to the L/C.( ) 10. The Beneficiary of a letter of credit may indicate his acceptance or rejection of the amendments till when he presents the relevant documents. ( ) 11. In our country goods for export must go through customs clearance. ( ) 12. When exporting goods on CFR, CPT or FOB te