WorksheetsBasic Trade Finance Konven
Total questions: 20
Worksheet time: 10mins
An agreement between two or more persons or entities, which may or may not contain specific terms, in which there is a promise to do something in return for a consideration, is a description of what:
A. Contract
B. Counter - Offer
C. Acceptance
D. Offer
Which of the following payment term put seller on the highest risk:
A. Consigment
B. Documentary Collection.
C. Open Account
D. Documentary Credit
Which type of invoice is requested when a country wishes to prevent the dumping of goods at artificially low prices?
A. Commercial Invoice
B. Consular Invoice
C. Legalised Invoice
D. Pro-forma Invoice
What does Incoterms stand for?
A. International Company Terms
B. International Commercial Terms
C. International Contract Terms
D. International Counter Party Terms
A clean bill of lading marked “shipped on board “ and “ freight prepaid to Singapore “ would be acceptable under which of the following shipping terms?
A. FOB Singapore
B. EXW Singapore
C. CIF Singapore
D. CFR Singapore
Which of the following is not a recognised role for a bank involved in a documentary credit transaction?
A. Advising Bank
B. Confirming Bank
C. Complying Bank
D. Issuing bank
Under a documentary colletion, an accpted term bill will be paid:
A. On acceptance
B. On the specified date
C. When the goods are shipped
D. When the goods have arrived
Which of the following is true of both docuemntary collection and letterb of credit? They both:
A. Enable the seller to increase the price of the goods after sale.
B. Give assurance that the goods will be save during shipment
C. Guarantee payment in advance
D. Provide a basis for exchanging documents for payment.
A collection is always known to exporter’s bank as:
A. A documentary sight bill
B. A letter of Credit
C. An Electronic presentation
D. An outward bill for collection
Which of the following would not require a bank facility for the importer?
A. Avalisation of a bill of exchange
B. Documentary Collection
C. Documentary Credit
D. Duty Deferment Guarantee
A major exporter is embarking on its first transaction with an unknown buyer. On whict terms is the exporter most likely to insist?
A. Documentary Collection
B. Documentary Credit
C. Open Account
D. Payment in advance
A key aspect of a Letter of Credit is that:
A. Banks deal in documents and not the underlying goods themselves
B. Once issued, they are easy to be cancelled at any time
C. The bank involved in always take ownership of the goods and sell them
D. The underlying of goods must be shipped by sea
A Standby Letter of Credit (SBLC) cannot be amended or cancelled by the issuer without consent from the person againts whom the amendment or cancelattion is asserted. Which term or phrase under ISP 98 does this describe?
A. Creating amendments
B. Enforceability
C. Giving undertaking
D. Irrevocability
What are the governing rules of Standby Letter of Credit (SBLC):
A. URR 725
B. URC 522
C. UCP 600 or ISP 98
D. ISP 98 or URDG 758
Which of the following must take place for the beneficiary to be assured of payment under
A. Letter of Credit?
B. All documents submitted must comply with the credit
C.The good must be of an acceptable quality
D.The importer must have the money in its bank account
Salah satu keuntungan bagi nasabah untuk penggunaan transaksi LC UPAS adalah :
A.Competitive interest rate
B. Tidak dibebankan biaya akseptasi
C. Biaya opening LC yang lebih rendah
D. Pembayaran kewajiban LC lebih panjang
Dalam transaksi CBBD jika telah didapatkan persetujuan akseptasi dari issuing bank atas discrepancies dokumen dengan jumlah USD 0.5 mio, maka transaksi dapat dilakukan dengan persetujuan:
A. Minimum oleh D-1 Bisnis
B. Minimum oleh D-2 Bisnis
C. Minimum oleh D-1 Bisnis dan Pejabat FI yang ditunjuk
D.Pemutus Kredit
Dalam transaksi PTK Trade A/P, hal hal yang harus diperhatikan dalam underlying transaksi penarikannya adalah:
A. Tanggal pengiriman barang pada B/L
B. Harga barang dan jatuh tempo pembayaran pada invoice
C. Adanya transport dokumen
D. Semuanya benar
Klaim atas Bank Garansi yang diterima oleh bank:
A. Tidak wajib langsung dibayar selama terdapat surat permohonan penangguhan pembayaran dari pengadilan
B. Bank dapat menunda pembayaran klaim jika ada penolakan dari nasabah dengan disertakan penangguhan pembayaran dari pengadilan
C. Bank Memastikan syarat klaim dipenuhi
D. Semuanya benar
Dalam transaksi pembelian dokumen pada One Bank Technique transaction :
A. Terdapat risiko adanya non-payment dari issuing bank
B. Bank dapat memberikan special rate dan fee atas dokumen
C. Terdapat risiko exporter ( beneficiary ) tidak dapat mengembalikan dana jika pada saat jatuh tempo applicant tidak dapat melunasi kewajibannya kepada issuing bank
D.Tidak ada jawaban yang benar
