A beneficiary has presented a full set of documents under a Credit issued by Bank A confirmed by Ban

Which bank has a dual obligation toward the beneficiary and its agent-reimbursing bank？

(1)( )Confirming Bank (2)( )Issuing Bank

(3)( )Nominated Bank

mendment. The beneficiary presented a document for USD5,000.00. To understand whether the beneficiary has accepted the amendment or not, which of the following is the most relevant question？

(1)( ) Was partial shipment allowed in the credit？

(2)( ) Did the advising bank notify the issuing bank？

(3)( ) Both.

(4)( ) None.

180 days after B/L date to the nominated bank, it examined documents which were complied with the terms and conditions of the credit, it incurred a deferred payment undertaking and at the request of beneficiary, it has discounted and prepaid net amount to the beneficiary, then it sent a full set of documents by courier to the issuing bank for reimbursement at maturity. After some days nominated bank discovered that beneficiary has escaped for his delivery of a part of forgery documents.

A. On the maturity date in accordance with UCP 500 Article 9ii and Article 15, issuing bank ______ to the nominated bank.

B. On the maturity date in accordance with UCP 600 Article 7aIII, 7c and Article 12b, the issuing bank ______ to the nominated bank, because UCP 600 Article 7c stipulates: "An issuing bank's undertaking to reimburse a nominated bank is independent of the issuing bank's undertaking to the beneficiary. "

in the transferees country, the first beneficiary cannot now substitute documents after the L/C has expired or late presentation occurred.

(1)( ) true (2)( ) false

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

proceeds to which he may be entitled under his credit which is not stated to be transferable. It is called

(1)( ) transfer of funds.

(2)( ) assignment of credit proceeds.

(3)( ) remittance of the proceeds.

he date of advise. An amendment was issued on 01 -01 -2008 and the beneficiary fails to notify the issuing bank, which of the following is correct？

(1)( ) The amendment is in force.

(2)( ) Will be in force only if the beneficiary accept it.

(3)( ) The clause should be disregarded.

(4)( ) None.

parties should be concerned with this indemnity？

A. the issuing bank

B. the confirming bank

C. the beneficiary

D. the remitting bank

(1)( ) A and D only

(2)( ) C and D only

(3)( ) A, B and C only

(4)( ) A and D only

The first beneficiary may request that payment or negotiation be effected to the second beneficiaries at the place to which the credit has been transferred up to and including the expiry date of the credit，unless the original credit expressly states that it may not be made available for payment or negotiation at a place other than that stipulated in the credit．This is without prejudice to the first beneficiary’s fight to substitute subsequently this own invoices and drafts for those of the second beneficiaries and to claim any difference due to him．