The purchaser of a draft/documents presented under a straight documentary credit only has the right ______.A．to protest the issuing bankB．to present the drafts/documents on behalf of the beneficiaryC．to purchase the beneficiary's drafts/documentsD．to present the draft/documents by himself
The purchaser of a draft/documents presented under a straight documentary credit only has the right ______.
A．to protest the issuing bank
B．to present the drafts/documents on behalf of the beneficiary
C．to purchase the beneficiary's drafts/documents
D．to present the draft/documents by himself
相关考题：
听力原文：Under the general rules, once the documents are passed to the remitting bank by the drawer, the bank has an absolute right over the goods through the title documents.(10)A．Once the title documents are entrusted, the goods are at the disposal of the collecting bank.B．The title documents enable the remitting bank to dispose the goods according to the instruction given in the collection order.C．The title documents are usually issued by the drawee.D．In spite of the possession of the title documents, the bank can not deal with the goods without the allowance of the drawer.
According to the passage, a documentary letter of credit is one which ______.A．includes any draftsB．includes drafts accompanied by invoice, bill of lading and other documentsC．is accompanied by invoices, bill of lading and other documentsD．is accompanied by drafts as well as insurance policy and commercial invoices
The indemnity may be ______.A．used whenever there are discrepancies in the documentsB．presented when the shipping company intends to release the goods to the applicantC．presented to the issuing bank of the L/C under which there are unimportant discrepancies in the documentsD．used in lieu of shipping documents
Standby letters of credit are relatives of documentary letters of credit because ______.A．they are very similar to ordinary letters of credit in operationB．the issuing banks undertake to payC．they are normally accompanied by evidences of transactions such as non-negotiable copies of B/L or other documentsD．they call for all kinds of normal documents
听力原文： Banker's acceptances are a very old form. of commercial credit. They provide, in essence, a method whereby a bank may add its good name and reputation to bills of a borrower, thereby making the bills much more marketable than it would otherwise be. Specifically, the mechanics of the operation typically, work like the following. Suppose that an American exporter sells wheat to a German importer. The terms of the sale are that the German importer will pay for the wheat ninety days after it is shipped. For a variety of reasons, however, the American firm may want its money now, and not want to wait the ninety days. If so, it may issue a draft on its bank ordering the bank to pay a stipulated sum of money to the holder of the draft ninety days from now. Along with the draft, the American exporter will send the appropriate documents showing that the wheat has actually been shipped. When the bank receives the draft, together, with the documentation, it stamps "accepted" across the face of it.27. What are banker's acceptances?28.Who is the drawee of the draft mentioned in the passage?29.What should be attached to the draft when it is presented for acceptance?30.How does the bank accept the draft?(27)A．They are drafts issued by a bank on another bank.B．They are a very old form. of commercial credit.C．They are exchange bills discounted by customers.D．They are checks cashed through the ATMs.
Documentary Collection is to be made with the documents to be ( )to the draft.A. enclosedB. attachedC. togetherD. along with
Under the documentary credit, which of the following is false?A．The buyer's bank will issue a documentary credit.B．The seller has his bank's undertaking to pay.C．If the seller presents the correct documents, he will be paid.D．A bank acts as an intermediary between the buyer and seller and is willing to provide trade.
What will the correspondent bank do in the settlement according to this passage?A．It will make payment in dollars against the banker's draft.B．It will send the draft to the bank in Britain.C．It will issue a documentary credit.D．It will have an agreement with the bank mentioned.
听力原文：Under the documentary credit, banks are in no way concerned with the sales contract on which the credit may be based.(3)A．Banks will deal with the documentary credit along with the sales contract.B．Banks take no care of the sales contract while dealing with the documentary credit.C．Documentary credit and the sales contract are both important to banks.D．Banks will care for either the documentary credit or the sales contract.
听力原文：We have to inform. you that the documents you presented have been received without the original.(7)A．The documents presented by you are original.B．The documents we received are not original.C．You are requested to present other documents.D．The documents presented to us are in order.
Why does the exporter usually insist on the buyer establishing a credit in his favor before shipment is unloaded?A．To collect the proceeds.B．To draw drafts.C．To revoke the contract.D．To reduce the possible risk.
Deballasting a double bottom has what affect on KG? ______.A.KG is increasedB.KG is decreasedC.KG is not affectedD.KG increases at light drafts and decreases at deep drafts
For a floating vessel, true mean draft is always the ______.A.average of the observed draftsB.draft at the center of flotationC.draft corresponding to the calculated displacementD.mean of the calculated drafts
Which of the following best states the author’s attitude toward the information that scholars have gathered about Proust’s writing in 1909？( ) A.The author is disappointed that no new documents have come to light since Fallois’speculations. B.The author is dissatisfied because there are too many gaps and inconsistencies in the drafts. C.The author is confident that Fallois’s 1954 guess has been proved largely correct，but regrets that still more detailed documentation concerning Proust’s transition from the essay to the novel has not emerged. D.The author is satisfied that the facts of Proust’s life in 1909 have been thoroughly established，but believes such documents as drafts and correspondence are only of limited value in a critical assessment of Proust’s writing.
Questions from 31 to 35 are based on the following passage: The exporter, as drawer of a draft (bill of exchange), hands the draft to his bank, the remitting bank, who in turn forwards it to the buyer through a collecting bank in the buyer’s country. A draft (also called a bill) is a written order to a bank or a customer to pay someone on demand or at a fixed time in the future a certain sum of money. If shipping documents accompany the draft, the collection is called “documentary collection.” Documentary collection falls into two major categories: one is documents against payment(D/P); the other, documents against acceptance (D/A). Documents against payment, as the term suggests, is that the collecting bank will only give the shipping documents representing the title to the goods on the condition that the buyer makes payment. Where the paying arrangement is D/A, the collecting bank will only give the buyer the shipping documents after buyer’s acceptance of the bill drawn on him, i.e. the buyer signs his name on the bill promising to pay the sum when it matures. In return he gets what he needs – the shipping documents. Under D/A, the seller gives up the title to the goods – shipping documents before he gets payment of the goods. Therefore, an exporter must think twice before he accepts such paying arrangement.The meaning of D/A is（）.A、documents against acceptanceB、documents against paymentC、delivery after paymentD、cash against payment
Questions from 31 to 35 are based on the following passage: The exporter, as drawer of a draft (bill of exchange), hands the draft to his bank, the remitting bank, who in turn forwards it to the buyer through a collecting bank in the buyer’s country. A draft (also called a bill) is a written order to a bank or a customer to pay someone on demand or at a fixed time in the future a certain sum of money. If shipping documents accompany the draft, the collection is called “documentary collection.” Documentary collection falls into two major categories: one is documents against payment(D/P); the other, documents against acceptance (D/A). Documents against payment, as the term suggests, is that the collecting bank will only give the shipping documents representing the title to the goods on the condition that the buyer makes payment. Where the paying arrangement is D/A, the collecting bank will only give the buyer the shipping documents after buyer’s acceptance of the bill drawn on him, i.e. the buyer signs his name on the bill promising to pay the sum when it matures. In return he gets what he needs – the shipping documents. Under D/A, the seller gives up the title to the goods – shipping documents before he gets payment of the goods. Therefore, an exporter must think twice before he accepts such paying arrangement.In a transaction, if payment is made by collection, then the remitting bank is always located in（）A、Seller’s countryB、Buyer’s countryC、Either A or BD、None of the above
Documentary Collection is to be made with the documents to be（）to the draft.A、enclosedB、attachedC、togetherD、alongwith
Questions from 31 to 35 are based on the following passage: The exporter, as drawer of a draft (bill of exchange), hands the draft to his bank, the remitting bank, who in turn forwards it to the buyer through a collecting bank in the buyer’s country. A draft (also called a bill) is a written order to a bank or a customer to pay someone on demand or at a fixed time in the future a certain sum of money. If shipping documents accompany the draft, the collection is called “documentary collection.” Documentary collection falls into two major categories: one is documents against payment(D/P); the other, documents against acceptance (D/A). Documents against payment, as the term suggests, is that the collecting bank will only give the shipping documents representing the title to the goods on the condition that the buyer makes payment. Where the paying arrangement is D/A, the collecting bank will only give the buyer the shipping documents after buyer’s acceptance of the bill drawn on him, i.e. the buyer signs his name on the bill promising to pay the sum when it matures. In return he gets what he needs – the shipping documents. Under D/A, the seller gives up the title to the goods – shipping documents before he gets payment of the goods. Therefore, an exporter must think twice before he accepts such paying arrangement.Under D/P , the importer can obtain the goods only by（）.A、showing the bill of ladingB、signing on the bill of exchangeC、paying in cashD、paying or accepting the bill of exchange
Questions from 31 to 35 are based on the following passage: The exporter, as drawer of a draft (bill of exchange), hands the draft to his bank, the remitting bank, who in turn forwards it to the buyer through a collecting bank in the buyer’s country. A draft (also called a bill) is a written order to a bank or a customer to pay someone on demand or at a fixed time in the future a certain sum of money. If shipping documents accompany the draft, the collection is called “documentary collection.” Documentary collection falls into two major categories: one is documents against payment(D/P); the other, documents against acceptance (D/A). Documents against payment, as the term suggests, is that the collecting bank will only give the shipping documents representing the title to the goods on the condition that the buyer makes payment. Where the paying arrangement is D/A, the collecting bank will only give the buyer the shipping documents after buyer’s acceptance of the bill drawn on him, i.e. the buyer signs his name on the bill promising to pay the sum when it matures. In return he gets what he needs – the shipping documents. Under D/A, the seller gives up the title to the goods – shipping documents before he gets payment of the goods. Therefore, an exporter must think twice before he accepts such paying arrangement.Under D/A , the importer can gets what he needs – the shipping documents only by（）.A、showing the bill of ladingB、paying in cashC、making acceptance of the bill of exchangeD、paying the bill of exchange
The collecting bank may release the documents against the buyer’s acceptance of a sight draft on documents against acceptance basis. （）
Questions from 31 to 35 are based on the following passage: The exporter, as drawer of a draft (bill of exchange), hands the draft to his bank, the remitting bank, who in turn forwards it to the buyer through a collecting bank in the buyer’s country. A draft (also called a bill) is a written order to a bank or a customer to pay someone on demand or at a fixed time in the future a certain sum of money. If shipping documents accompany the draft, the collection is called “documentary collection.” Documentary collection falls into two major categories: one is documents against payment(D/P); the other, documents against acceptance (D/A). Documents against payment, as the term suggests, is that the collecting bank will only give the shipping documents representing the title to the goods on the condition that the buyer makes payment. Where the paying arrangement is D/A, the collecting bank will only give the buyer the shipping documents after buyer’s acceptance of the bill drawn on him, i.e. the buyer signs his name on the bill promising to pay the sum when it matures. In return he gets what he needs – the shipping documents. Under D/A, the seller gives up the title to the goods – shipping documents before he gets payment of the goods. Therefore, an exporter must think twice before he accepts such paying arrangement.A draft can be described as followings except（）.A、a bill of exchangeB、a kind of shipping documentsC、a billD、a written paying order
the letter of credit requires “three copies of inspection certificate issued by CCIC”. The documents presented as follows. Which is acceptable？（）A、in 3 originalsB、in 3 copiesC、in 1 original and 2 copiesD、in 2 originals and 1 copy
多选题A documentary credit for usd 150,000 calls for a full set of bills of lading and an insurance certificate to cover all risks. The bill of lading presented indicates an on board date of 15 december. Which of the following insurance documents are acceptable？（）APolicy for usd 185，000BCertificate dated 17 decemberCDeclaration signed by a brokerDSubject to a franchise
单选题Questions from 31 to 35 are based on the following passage: The exporter, as drawer of a draft (bill of exchange), hands the draft to his bank, the remitting bank, who in turn forwards it to the buyer through a collecting bank in the buyer’s country. A draft (also called a bill) is a written order to a bank or a customer to pay someone on demand or at a fixed time in the future a certain sum of money. If shipping documents accompany the draft, the collection is called “documentary collection.” Documentary collection falls into two major categories: one is documents against payment(D/P); the other, documents against acceptance (D/A). Documents against payment, as the term suggests, is that the collecting bank will only give the shipping documents representing the title to the goods on the condition that the buyer makes payment. Where the paying arrangement is D/A, the collecting bank will only give the buyer the shipping documents after buyer’s acceptance of the bill drawn on him, i.e. the buyer signs his name on the bill promising to pay the sum when it matures. In return he gets what he needs – the shipping documents. Under D/A, the seller gives up the title to the goods – shipping documents before he gets payment of the goods. Therefore, an exporter must think twice before he accepts such paying arrangement.The meaning of D/A is（）.Adocuments against acceptanceBdocuments against paymentCdelivery after paymentDcash against payment
判断题The collecting bank may release the documents against the buyer’s acceptance of a sight draft on documents against acceptance basis. （）A对B错
单选题For a floating vessel，true mean draft is always the（）.Aaverage of the observed draftsBdraft at the center of flotationCdraft corresponding to the calculated displacementDmean of the calculated drafts
单选题Deballasting a double bottom has what affect on KG?（）.AKG is increasedBKG is decreasedCKG is not affectedDKG increases at light drafts and decreases at deep drafts