The buyers may,within 15 days after the arrival of the goods at the destination,lodge a claim agains

Delivery Terms

Certificates of Quality, Quantity, Weight and Origin are required． The Buyers have the right to have the goods re-inspected by the China Commodity Inspection Bureau at the port of discharge． The relevant Inspection Certificates may serve as the basis of any claim to be lodged by the Buyers．

A．There may be long lines of buyers waiting for apartments．

B．Landlords to rent apartments．

D．The quality of apartments will improv

E．

s the Buyers may have under Clause 14 for the Vessel not being ready by the original canceling date.

A.damage

B.prejudice

C.loss

D.injury

essel will not be ready for delivery by the canceling date they may notify the Buyers in writing ______ stating the date when they anticipate that the Vessel will be ready for delivery.

A.the date of declaration

B.date of Notice of Readiness

C.the canceling date

D.the date of delivery

Party A shall not supply the contracted commodity to any other buyer(s)in the above mentioned territory．Direct enquiries, if any, will be referred to Party B．However, should any other buyers wish to deal with Party A directly, Party A may do so．But Party A shall send to Party B a copy of sales confirmation and give Party B…% commission on the basis of the net invoice value of the transaction(s)concluded.

Billions of dollars worth of new securities reach the market each year. The traditional (56) in the primary, markets is called an investment banker. The investment banker's principal activity is to bring sellers and buyers together, thus creating a market. He normally buys the new issue from the issuer at an agreed-upon price and hopes to (57) it to the investing public at a (58) price. In this capacity, investment bankers are said to underwrite, or guarantee, an issue. Usually, a group of investment bankers joins to underwrite a security offering and form. what is called an underwriting syndicate. The (59) received by the investment banker in this case is the differential, or spread, between his purchase and resale prices. The risk to the underwriter is that the issue may not attract buyers at a (60) differential.

(41)

A．buyer

B．organizer

C．seller

D．middleman

it and vegetables are sold wholesale at Covent Garden Market and meat is sold wholesale at Smithfield Market. But there are markets for things 【21】______ commodities, in the usual sense. There are 【22】______ estate markets, foreign exchange markets, labor markets, short-term capital markets, and so on; there may be a market for anything which has a price. And there may be no particular place 【23】______ dealings are confined. Buyers and sellers may be 【24】______ over the whole world and instead of actually meeting together in a market-place they may deal with one another 【25】______ telephone, telegram, cable or letter. 【26】______ dealings are 【27】______ to a particular place, the dealers may consist wholly or in part of agents 【28】______ instructions from clients far away. Thus agents buy meat at Smithfield 【29】______ retail butchers all over England; and 【30】______ on the London Stock Exchange buy and sell 【31】______ on instructions from clients all over the world. We must therefore define a market 【32】______ any area over which buyers and sellers are 【33】______ such close touch with one another, either directly or 【34】______ dealers, that the prices 【35】______ in one part of the market affect the prices paid in other parts.

Modem means of communication are so rapid that a buyer can discover 【36】______ asking, and can accept it if he wishes, 【37】______ he may be thousands of miles away. Thus the market for anything is 【38】______ . the whole world. But in fact things have, normally, only a local or national market.

This may be because nearly the whole demand is concentrated 【39】______ one locality. These special local demands, 【40】______ , are of quite minor importance. The main reason why many things do not have a world market is that they are costly or difficult to transport.

【21】

A．nothing other than

B．other than

C．more than

D．less than

听力原文： Back-to-Back credits consist of two entirely separate documentary credits, but one credit may act as security for the other. They apply in transactions when actual suppliers and ultimate buyers deal through a middleman. If the supplier insists on a documentary credit, the middleman may apply to his bank for a credit on his behalf. If the middleman's bank is satisfied with his creditworthiness, the bank will issue the credit in the normal way and no other formalities will apply. However, the "back-to-back" credit comes into use if the bank insists that the middleman obtain a documentary credit in his favor from the ultimate buyer as security for the "back-to-back" credit in favor of the actual supplier. Only the middleman and his banker know the "back-to-back" credit, and only they are concerned with credit.

25. What do the back-to-back credits consist of？

26.In which situation do the back-to-back credits apply？

27.In whose favor is the back-to-back credit issued.？

(25)

A．It consists of one commercial credit and one standby credit.

B．It consists of two entirely separate documentary credits.

C．It consists of a credit and some commercial documents.

D．It consists of a bill of exchange and a bill of lading.