A documentary credit calls for a draft at 95 days bill of lading date drawn on the confirming bank.

How many basic parties are there in a documentary credit？

(1)The ______.

(2)The ______.

(3)The ______.

How many other parties are there which facilitate the documentary credit？

(1)The ______.

(2)The ______.

(3)The ______.

(4)The ______.

ct 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.

s which representing title to the goods.

udes the term "Transmissible" ？

(1)( ) Disregard the term.

(2)( ) Seek clarification.

(3)( ) Advise the documentary credit as transferable.

(4)( ) Refuse to advise the documentary credit.

conditions:

- Partial shipment allowed.

- Latest shipment date 30 April.

- Expiry date 15 May.

On 2 March the applicant requests an amendment prohibiting partial shipment and extending the expiry date to 30 May. In accordance with UCP 600 what MUST the issuing bank do？

(1)( ) Clarify with the applicant the period for presentation.

(2)( ) Issue the documentary credit as originally instructed.

(3)( ) Issue the documentary credit incorporating all the amendments.

(4)( ) Issue the documentary credit incorporating only the extended expiry date.

on (eUCP) supplements the Uniform Customs and Practice for Documentary Credits (UCP). The eUCP will apply to a credit that must indicates as follows:

(1)( ) This credit is subject to eUCP.

(2)( ) This credit is subject to UCP600 and eUCP.

(3)( ) This credit is subject to UCP600 and its supplement.

nks in an incalculable liability.

(8)

A．The banks have an incalculable liability under the documentary credit revolving in value.

B．The banks prefer to issue the documentary credit revolving in value.

C．The buyer has less liability under the documentary credit revolving in value.

D．The banks are involved in less liability by issuing the documentary credit revolving in value.

What is a documentary letter of credit？

A．A conditional bank undertaking to pay an exporter on production of stipulated documentation.

B．A method of lending against documentary security.

C．An international trade settlement system biased in favor of importers.

D．All of the above.