ĐỀ THI TTQT

According to UCP600, insurance documents issued and signed by underwriters are acceptable

• True

• False

Which of the following best describes a payment method that the exporter supplies the goods and the importer/customer pays for them at an agreed date in the future?

• advance payment

• documents against payment

• cash on delivery

• open account

A confirming bank receives a documentary credit containing the following additional condition: 'carrying vessel must not be older than 15 years'. Upon receipt of the documents from the beneficiary, the confirming bank must

• Require the beneficiary to issue a statement of compliance

•  Refuse payment to the beneficiary until receipt of the issuing bank's clarification

• Look for this statement on one of the documents.

•  Dean much a condition as not stated and disregards it. 

If the term 'exporting country' is used in a credit without further definition being given in the credit as to its meaning, it shall have which of the following meanings? 

1. The country where the shipper is domiciled. 

2. The country of origin of the goods. 

3. The country of receipt of the goods by the carrier. 

4. The country from which shipment or despatch is made.

Select one:

• 2, 3 and 4 only

•  1 and 2 only

• 3 and 4 only

• 1,2 and 4 only

A credit is issued for USD 350,000 on a cumulative basis allowing for 10 monthly drawdowns of USD35,000. Assuming that USD 33,000 is drawn in month one and that USD 28,000 is drawn in month two, what is the amount that can be drawn in month three? Select one:

• $44,000

• $55,000

• $105,000

• $42,000

Description as "model 234" instead of "model 432" in commercial invoice would be regarded as a typing error and would constitute a discrepancy

• False

• True

The risk to the exporter is highest with the_______ method

• Prepayment

• Open account

• Letter of credit

• Consignment

Under a letter of credit arrangement, the bank issuing the letter of credit is known as the ______ bank, the correspondent bank in the beneficiary's country to which the issuing bank sends the letter of credit is known as the ______ bank, and the bank that agrees to examine documents under the letter of credit credit is known as the and pay the beneficiary is called the ______ bank.

• negotiating; issuing; advising

• advising; issuing; negotiating

• issuing, advising; negotiating

• advising; negotiating; issuing

• issuing negotiating; advising

Detailed mathematical calculations in documents will be checked by banks

• False

• True

The buyer has the least risk by agreeing which of the following payment methods?

• Documentary collection

• Payment in advance

• Open account trading

• Documentary credit

Answer explanation

nếu là seller thì chọn "Payment in advance"