Beneficiary presents two post receipts and other documents to a bank for negotiation. One original p
Whether such shipments are complete or partial shipments?
(1)( ) Complete shipment
(2)( ) Partial shipments
Whether such shipments are complete or partial shipments?
(1)( ) Complete shipment
(2)( ) Partial shipments
(1)( ) true (2)( ) false
Answer: (1) ( ) yes, because
(2) ( ) No.
(1)These B/L ( ) certainly constitute partial shipments.
(2)These B/L ( ) does not constitute partial shipments.
Answer: (1)( ) Yes, because ________________________
(2)( ) No.
Beneficiary presents a charter party B/L indicating as follows:
(1)Port of loading: one European Port
Port of discharge: one North China Port
It is ( ) acceptable/( ) not acceptable.
(2)Port of loading: Rotterdam
Port of discharge: one North China port
It is ( ) acceptable/( ) not acceptable.
Question: Have partial shipments been effected or not?
Answer: (1)( ) Yes.
(2)( ) No, because ________________________
(1)( ) the first date
(2)( ) the last date
(3)( ) the middle date
A. ( ) Obtain the issuing bank's agreement prior to paying the beneficiary.
B. ( ) Refuse the beneficiary's request while undertaking to pay at maturity.
C. ( ) Prepay the deferred payment undertaking.
D. ( ) Obtain an agreement for recourse to the beneficiary.
(1)( ) A only.
(2)( ) D only.
(3)( ) B and C only.
(4)( ) C and D only.
Expiry date Beneficiary Discrepancy Letter of credit Implement
Under negotiation credit, the negotiating bank make payment to the beneficiary
(1)( ) with recourse.
(2)( ) without recourse.