2009CDCS

CDCS2009CDCS

2009

2009

PART B
UCP600,ISBP,ISP98
EUCP,INCOTERM,URR
WHICH FOLLOWING ...OF...IS
THAT..."EXCEPT","NOT","CORRECT",,
,,...
,,,,

UCP600ART3010%,5%,,

...( UCP
PROVISION)
(2)

ISP98
1

IF A LC CONTAINS SUCH WORDING:" WILL BE AUTOMATICALLY

EXTEDNED FOR A FURTHR YEAR.......AT LEAST 60DAYS PRIOR TO

THE

31ST

DAY

OF

JANUARYOF

THE

FIRST

YEAR

OF

THE

CURRENT......NOTICE IS GIVEN...", WHICH OF THE FOLLOWING

TYPE DOES IT BELONG TO?
A.REVOLVING SBL/C
B.COMMERCIAL L/C
C.AUTOMATICALLY REVOVLING L/C
D.EVERGREEN L/C
D

2WHEN THE ISSUING BANK RECEIVES THE CLAIM FROM THE BENE AND
APPLS EXTENSION INSTRUCTION BY CALL AT THE SAME TIME, THE

ISSUING BANK SHOULD:

A REJECT THE CLAIM AND NOTICE THE BENE
B WITHHOLD THE PAYMENT,SEEKING THE CONSENT OF BENE TO EXTENSION
C WITHHOLD THE PAYMENT,WAITING THE WRITTEN CONFIRMATION OF
EXTENSION FROM APP
D EFFECT THE PAYMENT AND NOTICE THE APP.
D

3A STANDBY IS ISSUED WITH STATEMENT THAT IT IS NOT OPERATIVE,

SO THIS STANDBY IS
A. NOT ISSUED AS AN ENFORABLE LC
B. DISREGARDED BY THE BENE
C. REVOCABLE
D.REGARDED AS IRREVOCABLLY ISSUED
D

4SBL/C ISSUED TO PAY IN DEFAULT OF THE PAYMENT FOR THE VALUE

OF GOODS BY THE BUYER . WHICH TYPE OF THIS SBL/C BELONGS TO
A.PERFORMACNE SBL/C
B.COMMERCIAL SBL/C
C.TENDER SBL/C
D.REVOLVING SBL/C

UCP600
5ISSUING BANK REQUEST THE ADVISING BANK TO ADVICE THE L/C ON
THE CONDITION THAT THE ADVISING BANK DO NOT CONFIRM AND DO NOT
SENT NOTES OF CONFIRMATIION OF THE APPARANT AUTHENTICITY. WHICH
OF THE FOLLOWING, WHAT SHOULD THE ADVISING BANK DO?
A.DO AS REQUESTED, AND IT MAY ADVISE LC IF IT SENT NOTIECE OF
THE SPECIAL OMISSION TO THE BENE
B.DO AS REQUESTED, AND IT MAY ADVISE LC IF IT SENT NOTIECE OF
THE SPECIAL OMISSION TO THE BENE AND THE ISSUING BANK
C.DO NOT AS REQUESTED, AND IT MAY ADVISE LC IF IT SENT NOTIECE
OF THE SPECIAL OMISSION TO THE BENE
D .DO NOT AS REQUESTED, AND IT MAY ADVISE LC IF IT SENT NOTIECE
OF THE SPECIAL OMISSION TO THE BENE AND THE ISSUING BANK
C

6WHICH OF THE FOLLOWING DOCUMENT IS NOT ACCEPTABLE, WHEN LC

PROHIBIT TRANSSHIPMENT?
A.BL SHOWING TRANSHIPMENT IS EFFECTED AND USE TRAILERS
B.RAIL WAY BILL SHOWING CHANGE OF MODES OF RAIL WAY MEANS
C.MULTMODEL BL SHOWING TRANSSHIPENT HAS TAKEN

D.CHARTER

PARTY

BL

SHOWING

RESERVING

THE

RIGHTS

TO

TRANSHIPMENT.
B

7LC REQUIRES SIGNED CERT OF INSURANCE, WHICH OF THE FOLLOWING

DOX IS ACCEPTABLE?
A. INSURANCE POLICY ISSUED AND SIGNED BY AN UNDERWRITER.
B.INSURANCE POLICY SIGNED BY AGENT WITH ITS STATUS AS AN AGENT
C. CERT OF INSURANCE UNDER OPEN COVER OF INSURANCE
D. COVER NOTES SIGED BY THE INSURANCE AGENT ON BEHALF OF THE
INSURANCE UNDERWRITER
A

8LC REQUIRE DOCUMENTS INCLUDING CHARTER PARTY B/L AND CONTRACT

OF CHARTER PARYTYTHE COMFIRMING BANK RECEIVED CHARTER PARTY
B/L AND RELATIVE CONTRACT OF CHARTER PARYTY FROM THE
BENEFICIARY. WHAT SHOULD THE CONFIRMING BANK DO WITH THE
CONTRACT?
A.RETURN THE CONTRACT OF CHARTER PARTY TO BENE FOR AMENDMENT
B.DISRGARDED AND PASS IT TO ISSUING BANK WITHOUT CHECKING
C.CHECK ALL THE DETAILS AGAINST THE LC AND OTHER DOX
D.DISREGARED IT AND MAY DISPOSE IT IN ANY MANNER.

 B
9ACCORDING TO UCP600, A COMPLYING PRESENTATION IS PRESENTED
TO THE COUNTER OF ISSUING BANK ON THURSDAY APRIL 1, THE LATEST
DAY ON WHICH THE ISSUING BANK MUST HONOUR IS:
A. APRIL 6
B. APRIL 7
C. APRIL 8
D. APRIL 9
C

10A TRANSFERABLE LC IS AVAILABLE WITH ANY BANK BY NEGOTIATION,

WHICH OF THE FOLLOWING IS CORRECT?
ATHE TRANSFERRING BANK NOMINATED BY THE ISSUING BANK
BTHE ADVISING BANK AS THE TRANSFERRING BANK
CANY BANK AS THE TRANSFERRING BANK
DTHE DC CANNT BE TRANSFERABLE
A

11A TRANSFERABLE LC AMOUNT IS USD85000.00, PARTIAL SHIPMENT

ALLOWED, FIRST SHIPMENT FOR XX SETS IS USD65000.00, SECOND
SHIPMENT FOR XX SETS IS USD20000.00, INSURANCE COVERAGE MUST
BE 120%.THEN THE LC IS SEPARATELY TRANSFERRED TO TWO SECOND BENE.

AS FOLLOWING: FIRST AMOUNT: USD48750.00 SECOND AMOUNT:

USD16000.00 FOR COMPLYING PRESENTATION THE INSURANCE COVERAGE
OF THE TWO PRESENTATION SHOULD BE:
A.160% 160%
B.150% 150%
C.160% 150%
D.150% 160%
C

12INSURANCE COVERS ALL RISKS AND SOME OF ADDITIONAL RISKS,

THEN WHICH ONE OF THE FOLLOWING NOT BELONG TO THE TYPE OF
ADDITIONAL RISKS OF INSTITUTE CARGO CLAUSE?
A. TPND
B. INSTITUTE WAR CLAUSES
C. INSTITUTE STRIKES CLAUSES
D. FROM WAREHOUSE TO WAREHOUSE
D

13 AN TRANSFERABLE CREDIT,TOTAL AMOUNT IS USD20,000.00,

PARTIAL SHIPPMENT IS NOT ALLOWED
THE FIRST BENEFICIRY TRANSFER USD18,000.00 TO A SECOND
BENEFICIARY,

AND ASSIGN PROCEEDS OF USD3000 TO C.

WHEN THE FIRST BENE SUBSTITUTE ITS OWN INVOICE AND DRAFT, THE
AMOUNT SHOULD BE
A USD20,000
B USD17000,
C USD18000
D USD21000
A

ISBP681
14WHICH DOCUMENTS CAN BE CORRECTED BY BENEFICIARY AFTER BEING
NOTICING OF DISCREPANCY PRESENTATION?
A.B/L
B.CERTIFIED INVOICE
C.LEGALIZED INVOICE
D.A INSPECTION CERTIFICATE ISSUED BY THE APPLICANT
B

15LC REQUIRES ONE SIGNED INVOICE IN ONE ORIGINAL AND THREE

COPIES, WHICH OF THE FOLLOWING DOCUMENTS ARE ACCEPTABLE?
A ONE SIGNED INV ISSUED BY BENE AND THREE UNSIGNED COPIES
B.FOUR PHOTOCOPIES OF INV STATING BEINNG ORIGIANL

C.FOUR INV SIGNED BY BENE NOT STATING BEING ORIGINAL

D.ONE ORIGINAL INV ISSUED NOT BY BENE AND THREE PHOTOCOPIES
C

eUCP
16AN EUCP CREDIT, THE EXPIRY DATE IS APRIL 10, THE NOTICE OF
COMPLETENESS IS GIVEN ON APRIL 11, OTHER DOCUMENTS ARE
PRESENTED BEFORE THE EXPIRY DATE.
WHICH OF THE FOLLOWING IS CORRECT?
A ECECTRONIC RECORDS MUST BE PRESENTED AT THE SAME TIME, SHOULD
NOT BE PRESENTED SEPARATELY
B COMPLY WITH THE TERMS OF DC
C LATE PRESENTATION
D .
C

17WHICH ONE IS CORRECT FOR THE ECUP?

A A CREDIT SUBJECT TO THE UCP IS ALSO SUBJECT TO THE ECUP
B AN EUCP CREDIT ONLY PERMIT TO PRESENT ECECTRONIC RECORDS
C WHERE THE EUCP APPLIES, ITS PROVISIONS SHALL PREVAIL TO THE
EXTENT THAT THEY WOULD PRODUCE A RESULT DIFFERENT FROM THE
APPLICATION OF THE UCP.

D ..
C

URR725
18AFTER L/C EXPIRED, THE REIMBURSING BANK RECEIVED A CLAIM
FROM CLAIMING BANK AND PAID ACCORDINGLY. ON THE OTHER HAND, THE
ISSUING BANK ALSO PAID TO THE CLAIMING BANK DIRECTLY. HENCE,
WHICH BANK SHOULD BE RESPONSIBLE FOR THE DUPLICATE PAYMENT?
A. REIMBURSINNG BANK
B. CLAIMING BANK
C. ISSUING BANK
D.ADVISING BANK
C

19 IF REIMBURSING BANK NEEDS A PRE-NOTIFICATION OF A

REIMBURSEMENT, WHICH OF THE FOLLOWING INSTRUMENT TO BE
INDICATED SUCH MESSAGE?
A. REIMBURSEMENT AUTHORIZATION
B. REIMBURSEMENT UNDERTAKING
C. LETTER OF CREDIT
D. CLAIMING REQUEST
C


20IF THE APPL WANTS TO CLEAR THE GOODS IN THE ABSENCE OF AN
ORIGINAL BILL OF LOADING, THE CARRIER MAY BE WILLING TO RELEASE
GOODS WHEN THE APPLICANT GIVE THE GUARANTEE ISSUED BY
A ISSUING BANK
B APPLICANT
C BENEFICIARY
A

SECOND HALF
FROM / AFTER
,B/L, ?(2ON
BOARD , .)

15
15WITHIN 15 DAYS OF THE SHIPMENT
DATE
2

COMMERCIAL L/C STANDBY L/C EXCEPT

STAND-BY LC SUBJECT TO UCP600LC,PARTY
,TRANSFERPARTY
BOND SBLCCOMMERCIAL SBLC

3.09
STANDBY
STAND-BY LC DEMAND
EVERGREEN STANDBY L/C (2)

AMENDMENT
---------

ASSIGNMENTTRANSFERASSIGNMENT

ASSIGNMENT OF PROCEEDS & ISP98 ASSIGNMENT OF

PROCEEDS
TRANSFERABLE CREDIT,(
),,
STANDBYRENEWABLE,
INV

INSTALMENTS
1.REINSTATE
2.
3.ART.30.B
4.ITEM

5.INSTALMENTSINSTALMENTS

L/C+INV+INSPECTION CERTIFICATE,+STARE PARTS

LEGALIZED,L/CL/C

L/C+INV+I/P
L/C

2/11/311/31NATIONAL BANKING HOLIDAY,

L/C EXPIRED
L/C+INV+BENEFICIATE CERTIFICATE
L/CDEDUCTION

:"15"ON BOARD,
FREIGHT PREPAID, DETRIMENTAL CLAUSE
SHIP ON DECK OPEN TOP CONTAINER
CARRIERSUBJECT TO CHARTER PARTY
CHARTER PARTY BL
CARRIER
LC ADDITIONAL OCEAN FREIGHT COST, :
RETURN CONTAINER COST.
A BA - B

statement,PROMPT
XXX(A disregard
promptBPROMPT
BUCP ARTICLE3 unless required
to be used in a document, words such as "prompt",
"immediately" or "as soon as possible" will be disregarded
unless required to be used in a

document , LC STATEMENT
DISREGARD.
DIS: PACKINGLIST ISSUED BY OTHER PARTY OTHER
THAN BEN
MULTIPLE TRANSPORT CIFCIP

ABOUT 5
DISCOUNT CHARGES
DRAFT MATURITY DATE
TRADE TERM CFR , :B/L ON BOARD FREIGHT
PAID

I/P,
'APPROXIMATELY'.
2-3

eUCP
EUCP
EUCP UCP600 & EUCP, : EUCP
EUCP


,,ADVISING BANK,ISSUING
BANK CONFIRMING BANK,NOMINAT... BANK
SYDICATECONCERN
WHICH OF THE FOLLOWING IS TYPICALLY
CONTAINED IN A SYNDICATE AGREEMENT?
A. WHETHER THE LEAD BANK'S CHECKING OF DOCUMENTS WILL BE
ACCEPTABLE
B. WHETHER THE OTHER BANKS WILL WISH TO APPROVE THE TEXT OF
AMENDMENTS BEFOER ISSUE.
C.
D.
THE AVAILABLE AMT
CLEAN LC
", 'DISREGARD
PRE-ADVICE L/C, APPL ,
2?
AVAILABLE WITH CONFIRMING BANK, 20%,80%,
RESPONSIBILITY OF CONFIRMING BANK ?
LOIOIL.
CLEAN L/C
TRADE TERMS

??
2
PURCHASE BILLUTILISE

REFUSE NOTICE2

CAN

, DISCOUNT, L/C .
CHARGE
5
BASKET3 LC APPLICATION