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UCP 600 does not apply unless it is expressly mentioned in the text of L/C.( )
According to UCP 600, the commercial invoice must be made out in the same currency as the L/C.( )
Please compare the responsibilities for the advising bank in UCP 500 with those in UCP 600？
The responsibility for the advising bank in UCP 500 is that it will take reasonable care to check the ______ of the credit.
There are two responsibilities for the advising bank in UCP 600 as follows:
(1)It has satisfied itself as to the ______ of the credit or amendment.
(2)Its ______ the terms and conditions of the credit or amendment.
As per article 13 of UCP 600, a nominated bank can also be termed as
(1)( ) An advising bank.
(2)( ) A transferring bank.
(3)( ) An issuing bank.
(4)( ) A claiming bank.
Comparing with UCP 500, the major changes introduced by the UCP 600 include( ).
A. the banks now have a maximum of five banking days for the examination of documents
B. the banks now have a maximum of seven banking days for the examination of documents
C. Bs/L may now allow transshipment
D. Bs/L may not allow transshipment
(1)( ) The nominated bank is protected under UCP 600.
(2)( ) The nominated bank is not protected under UCP 600.
