Negotiation means that the Negotiating Bank gives value for draft（s) and/or documents to the Benefic

tiation credit？

"Negotiation" means the ______ by the nominated bank of draft and/or documents under a complying presentation by ______ funds to the beneficiary.

The undertaking of the issuing bank under negotiation credit is that upon it ascertaining that documents complies with the terms and conditions of credit, it will ______ in accordance with the instructions of the negotiating bank.

A.duress

B.monopoly

C.void

D.patent

A．1． I am sorry,but that’s out of the question．

B．2．I must say no to you and I’ll give you the reason．

C．3．I am afraid we can’t agree to that, but I hope to do business with you some other day．

D．4．I need some time to think about that．

A.multilateral

B.bilateral

C.dual

D.multiply

What is the definition of "Credit" in UCP 600？

"Credit" means an arrangement that is ______ and constitutes a definite ______ of the issuing bank to honour a complying ______.

A credit is ______ even if there is no indication to that effect.

(c) Explain what ‘fiduciary responsibility’ means and construct the case for broadening the football club board’s

fiduciary responsibility in this case. (7 marks)

A neutral equilibrium position for a vessel means that the metacenter is ______.

A.lower than the keel

B.at the same height as the center of gravity

C.exactly at midships

D.at the center of the waterplane area

d Letter of Credit can be divided into many kinds depending on the circumstance. A documentary credit may be available by payment, by negotiation or by acceptance.(1)means that the minated bank will pay the beneficiary the full amount due once he submits the contract documents equired under the credit. Under a(2), the beneficiary is given double assurance of payment since the confirming bank has added its own undertaking to that of the opening bank. If a credit can be transferred by the original beneficiary to one or more parties, it is a(3)If a credit stipulated that its amount can be renewed without specific amendment to the credit being made, it is then a(4).(5)are those that cannot be amended or revoked without the consent of all the parties concerned.

Fusible plugs are installed in fire-tube boilers to _____.

A.provide a means of draining the boiler

B.warn the engineer of low water level

C.cool the crown sheet at high firing rates

D.open the burners electrical firing circuits

A basic premise of OGSA is that everything is(71)by a service: a network enabled entity that(72)some capability through the exchange of messages. Computational resources, storage resources, networks, programs, databases, and so forth are all(73). This adoption of a uniform. service-oriented model means that all components of the environment are virtual. More specifically, OGSA represents everything as a Grid service: a Web service that conforms(74)a set of conventions and supports standard interfaces for such purposes as lifetime management. This core set of consistent interfaces, from which all Grid services are implemented,(75)the construction of hierarchical, higher-order services that can be treated in a uniform. way across layers of abstraction.

A．defined

B．represented

C．used

D．passed