According to UCP 600, the term “shipment to be made at the middle of May” in the letter of credit shall be construed as （    ）

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• 1According to INCOTERMS 2000, （    ） means that the seller delivers the goods to the carrier nominated by him but the seller must in addition pay the cost of carriage necessary to bring the goods to the named place of destination and also to procure insurance for the goods during the carriage.

  A.CPT

  B.CIP

  C.CFR

  D.CIF

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• 2The seller had made a sales contract with the buyer under the CFR term, therefore the scope of freight forwarder’s service on behalf of the seller normally does not include （    ）

  A.arranging import customs clearance

  B.delivering the goods to the carrier at the port of shipment

  C.arranging export customs clearance

  D.booking space with the marine carrier

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• 3In international trade, redemption of documents under L/C operations means that （    ）.

  A.the beneficiary must pay the proceeds in order to get documents from the bank

  B.the applicant must pay the proceeds in order to get documents from the bank

  C.the beneficiary must tender the document to the bank in order to get the goods

  D.the applicant must tender the document to the bank in order to get the goods

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• 4The All Risks in PICC Ocean Marine Cargo Clauses does not cover the risks of （    ）

  A.shortage

  B.rain damage

  C.import duty

  D.taint of odour

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• 5The vessel’s cubic capacity is usually stated both in grain capacity and in bale capacity. The （    ） is the volume of a vessel’s hold to carry packaged dry cargo such as pallets, boxes, cartons etC．

  A.grain capacity

  B.bale capacity

  C.gross tonnage

  D.net tonnage

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• 6The documents commonly used in carriage of goods by sea are bills of lading, sea waybills, cargo manifests, booking notes and delivery orders etC．Please point out the （    ） are issued by the shippers or their agents.

  A.booking notes

  B.delivery orders

  C.sea waybills

  D.cargo manifests

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• 7According to UCP600, the commercial invoice must be made out in the same currency as the （    ）.

  A.bill of lading

  B.sale contract

  C.letter of credit

  D.insurance policy

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• 8Please point out which of the following expressions is not the characteristics of settlement by letters of credit. （    ）

  A.L/C is a self-sufficient instrument

  B.L/C is a document transaction

  C.The issuing bank’ s liabilities for payment

  D.L/C is a cargo transaction

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