¹ú¼Ê½áË㣨ӢÎİ棩Ç廪´óѧ³ö°æÉç-´ð°¸

compliance to avoid unnecessary refusal.(T)

4) A commercial invoice is not an import demonstration issued by the exporter.(F)

5) The value of the goods insured should be what it is required by the credit or at least 110%

of the CIF or CIP value of the goods.(T)

4.Multiple Choice

1) If a credit calls for an insurance policy, banks will accept __A__ A. an insurance policy B. an insurance certificate C. A or B

D. both A and B

2) The documents will not be delivered to the buyer until __B__ A. the goods have arrived B. the bill is paid or accepted

C. the buyers has cleared the goods D. both A and B

3) The importance of distinction between financial documents and commercial documents lies

in that it helps decide whether it is __D__ A. inward collection or outward collection B. bill collection or goods collection C. cash collection or check collection

D. clean collection or documentary collection 4) When is a bill of lading issued?__B__ A. When the shipper makes up the order B. When the carrier received the goods

C. When the producer manufactures the goods

D. When the carrier delivers the goods to the consignee 5) A commercial invoice is __B__ A. a contract for delivery of the ma=erchandise B. a demand for payment

C. a statement describing the merchandise, its cost, and shipping charges D. a promise of payment

5. Answer the following questions 1) What are the functions of B/l?

There are four main functions of B/L:

a) A bill of lading acts as a receipt of the goods from the shipping company to the exporter.

b) A bill of lading is an evidence of the contract for carriage between the exporter and the

carrier.

c) A bill of lading is a quasi-negotiable document.

d) A bill of lading acts as a document of title to goods being shipped overseas. 2) What are the final procedures of export L/C?

Dispatching documents and making reimbursement claim are the final procedures of export L/C.

3) What are the liabilities of the negotiating bank?

The liabilities of the negotiating bank are to assert whether the documents appear on their face value, to be in compliance with the terms and conditions of the credit and that there is no inconsistency.

4) Is the beneficiary liable for the risk of delivery loss of documents from the nominated bank

to the issuing bank?

The beneficiary is not liable for the risk of delivery loss of documents from the nominated bank to the issuing bank.

5) What does the dual mature dates mean?

A credit with dual mature dated contains both an expiry date and a date for the latest shipment, if these two dates are the same ,an amendment can be applied to extend the credit expiry date.

Chapter 10

1.Put the following phrases into English ÐÅÓþµ÷²é Ìá»õµ£±£ תÒÆ·çÏÕ µÚ¶þ»¹¿îÀ´Ô´ ÐÅÓöî¶È credit investigation shipping guarantee transfer risk the second source of repayment credit line

2.Put the following sentences into English

1) ¹ú¼ÊóÒ×ÈÚ×ÊÊÇÒøÐÐÏò½ø¿ÚÉ̺ͳö¿ÚÉÌÌṩµÄ¹ú¼Ê½áËãÏîϵÄÈÚ×Ê·þÎñ¡£

International trade finance is a financial service under the international trade settlement provided by banks for importers and exporters. 2) ÐÅÓöî¶ÈÄÚÈݺÍóÒ×ÈÚ×ʲúÆ·Êǹ¹³ÉóÒ×ÈÚ×ʵÄÖØÒªÒòËØ¡£

Credit line structure and trade financing facilities constitute important factors of trade finance.

3) ÔÚÐÅÓÃÖ¤ÒµÎñÏ£¬ÒøÐÐÓ¦¸ÃÌرð¹ØעóÒ×±³¾°ºÍÊг¡¡£

The bank should always keep an eye on the trade background and its market under the letter of credit.

4) ¼à¶½ÊÇ¿ØÖÆ´ò°ü·Å¿î·çÏÕµÄÖØÒª´ëÊ©¡£

Supervision is an important step to control the risk of packing loan. 5) ³ö¿ÚѺ»ãÊdzö¿ÚÒøÐÐÌṩµÄóÒ×ÈÚ×ʲúÆ·¡£

Export bill purchased refers to a financing facility provided by exporter¡¯s bank.

3. True or False

1) Trust Receipt (T/R) is not a kind of credit line granted by the bank to the importer.(F) 2) Business of letter of credit is not a contingent liability of a bank.(F)

3) The bank should establish a credit file for the importer, and is ready to cut the proportion of

loan tat any time if there is any sign of risk.(T)

4) The bank must be careful when it makes a packing loan for a transferable letter of credit.(T) 5) The bank can only purchase the documents and bills when thy comply with the terms and

conditions of the credit, because the issuing bank is obliged to effect payment upon the

conformity of documents with the letter of credit.(T) 4.Multiple Choice

1) To the exporter, the fastest and safest method of settlement is __B__ A. letter of credit B. advance payment C. collection D. banker¡¯s draft

2) To the importer, the fastest and safest method of settlement is __C__ A. letter of credit B. advance payment C. collection D. banker¡¯s draft

3) The cost for the production will decrease if the goods are produced on a large scale. This is

called __A__ A. economies of scale B. variety of style C. specialization

D. patterns of demand

4) Invisible trade consists of such items as __D__ A. transportation services across national borders B. foreign tourist expenses

C. insurance services across national borders D. product exchange across national borders

5) In international trade, the seller ships the goods to the buyer when there is no purchase

made. The seller retains title to the goods until the buyer has sold them. This is __C__ A. bidding B. agency

C. consignment D. auction

5. Answer the following questions

1) What are the facilities of trade finance included?

Those facilities include letter of credit issuing, bill purchased, trust receipt, shipping guarantee, receivables and warehouse bill as pledge, anticipatory credit, packing loan, bill discounted, factoring and forfeiting. 2) What does the soft clause mean?

The soft clauses of a letter of credit are important factors to affect the refund of a packing loan. The soft clauses are those which beneficiaries cannot or are hard to fulfill even if they make grate efforts.

3) Why will the bank be well informed about the market?

The bank should also be kept informed about the market, because the market is changeable, and the operation of a letter of credit will last more than one month. 4) What does Forfaiting refer to?

Forfeiting is the term generally used to denote the purchase of obligations falling due at

some future date, arising from deliveries of goods and services¡ªmostly exporter transactions ¨C without recourse to any previous holder of the obligation. 5) What is export financing?

Export financing is a fund arrangement provided by banks for export-oriented transactions.