Commercial Banking 3_Giữa kỳ 01

Where will the bill of exchange be sent right after the insurance?

• a. To the bank that its name is in the payment order sentence on the Bill of Exchange.
• b. To the collecting bank (in the country of the importer).
• c. To the importer for the acceptance.
• d. To any bank that might provide the collection service.

The drawer of a Bill of exchange is:

• a. The beneficiary of the payment of delivered goods.
• b. The one who pays for the delivered goods.
• c. The bank of the importer.
• d. The bank of the exporter.

In collection payment method, the drawer is:

• a. The importer
• b. The bank of exporters.
• c. The bank of importers.
• d. The exporter.

An import- export contract is a(an):

• a. Sales contracts between the buyer and seller from the different countries.
• b. Contract between the buyer and the seller.
• c. Agreement creating and defining the obligations between two or more parties.
• d. Exchange of promises between two or more parties to sell and buy goods.

Arrange these payment methods in descending order of the seller’s risk:

• a. D/A, D/P, Open Account, Cash in Advance.
• b. Cash in advance, D/P, D/A, Open Account.
• c. Open account, D/A, D/P, Cash in advance.
• d. Open account, D/P, D/A, Cash in advance.

Which of the following is the function of Bill of Lading?

• a. Evidence of goods receipt from the carrier.
• b. Expressing ownership of goods.
• c. Evidence of contract between owner and shipper.
• d. Above correct.

Field 71A in MT103 expresses “Detail of chargers: SHA”. Who is responsible for the paying bank’s charges?

• a. The remitter.
• b. The remitting bank.
• c. The beneficiary.
• d. Each party, remitter and beneficiary bear bank’s charges.

From the perspective of the buyer to minimize the risk, which of the following situations is reasonable for applying the “100% advance payment” method?

• a. A new partner introduced by s longtime customer.
• b. Payment between parent company and its subsidiaries
• c. A longtime customer who always pays on time in D/P method.
• d. None of those answers is reasonable.

Which of the following statements about multinational transport documents is not correct?

• a. Multinational transport operates (MTO) can issue this type of documentary.
• b. Multinational transport documents include separate documents expressing ... is carried by more than one means of transport.
• c. Multinational transport documents can be transferred.
• d. Maritance transport is not compulsorily covered.

Which following idea is wrong for CIP Busan port, korea (incoterms 2010)?

• A. Busan port is port o shipment
• B. The seller has obligation to make a contract of insurance of the goods
• C. Busan port is port of destination
• D. The buyer has not obligation to make a contract of carriage of the goods