When a bank issues a credit nominating another bank to be the Reimbursing Bank, the Issuing Bank: A

第1题

If a reimbursing bank issues a Reimbursement Undertaking, the Undertaking must list all of the follo

wing except

(1)( )latest date for presentation of a claim including any usance period.

(2)( )terms and conditions of the Undertaking.

(3)( )the letter of credit expiry date.

(4)( )party to pay the Reimbursement Undertaking fee, if other than the issuing bank.

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第2题

1) If an electronic record that has been received by the Issuing Bank, Confirming Bank or another No

minated Bank appears to have been corrupted, the Bank may inform the presenter and may request that the electronic record be ______.

2) If the Bank requests that an electronic record be re-presented:

(1)the time for examination is suspended and ______ when the presenter re-presents the electronic record; and

(2)if the Nominated Bank is not the Confirming Bank, it must provide the Issuing Bank and any Confirming Bank with ______ of the request for re-presentation and inform it of the suspension; but

(3)if the same electronic record is not re-presented within ______ calendar days, the Bank may treat the electronic record as not presented.

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第3题

根据下列材料回答下列各题。 Passage Four Why is there no risk to the customer when a ba

nk prints the customer’s name to his cheques？ Wenn yone opens a cuITent account at a bank，he is lending the bank money，repay．ment of which he mayDemand at any time，either in cash or byDrawing a check in favor of an-other person. Primarily，the bank—customer relationship is that ofDebtor and creditor-who iswhichDepending on whether the customers account is in credit or overdrawn．But．in additionto that basically simple concept，the bank and its customer owe a large number of obligations toone another.Many of these obligations Can give rise to problems and complications but a bankcustomer,unlike，say，a buyer of goods，cannot complain that th．e law is loaded against him．The bank must obey its cUStomers instructions，and not those of anyone else．When, forexample，a customer first opens an account，he instructs the bank toDebit(把……记入借方)his aecount only in respect of ehecksDrawn by himself．He gives the bank specimens of his819nature，and there is a very firm rule that the bank has no right or authority to pay out acustomer’s money on a check on which its customers signature has been forged．It makes nodifference that the fbrgery may haye been a very skillful one：the bank must recogllize itscustomers signature．For this reason there is no risk to the customer in the practice，adoptedday banks，of printing the customers name on his checks．If this facilitates forgery，it is thebank which will lose，not the customer． When you have a bank account，you_________．

A.must always be in credit

B.Can’t draw any money if you’re overdrawn

C.can draw money without notice

D.Can’t pay money to anyone else

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第4题

When someone has money【56】he wants to put in a sage place, he【57】takes it to a bank. Until

recently the very【58】of the bank building was designed to【59】people that their money would be safe. There were thick, solid walls and barred windows. All the windows and doors were wired to set 【60】the burglar alarms if anyone tried to【61】his way in.

The vaults where his money was kept had huge, steel doors with【62】locks.【63】guards with pistols in their holsters were always on【64】in the bank. The tellers cages----the cubicles 【65】the bank clerks, or tellers, worked-actually.【66】 cages. They had gratings across the front, high sides and back, and a door that could be opened only by pushing a release button.

The new style. of bank design【67】some of these【68】features, but the idea now is to make the bank【69】 like a friendly place【70】than a forbidding fortress. The modem bank buildings are open and light,【71】large glass windows and doors. The tellers' cages have been【72】by flat, unobstructed counters. The【73】and burglar alarms are still there, but they are【74】noticeable than they【75】to be.

(61)

A．and

B．but

C．that

D．what

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第5题

The requirements of presentations are as follows: （1)Electronic records presented, the records must

The requirements of presentations are as follows:

(1)Electronic records presented, the records must state a ______ for presentation of the electronic records.

(2)Both electronic records and paper documents presented, the documents must also state a ______ for presentation of the paper documents.

(3)If an eUCP Credit allows for presentation of one or more electronic records. the beneficiary is responsible for providing a ______ to the Bank to which presentation is made signifying when the presentation is ______.

(4)Each presentation under an eUCP Credit must ______ the eUCP Credit under which it is presented.

(5) An electronic record must be ______.

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第6题

Twenty-six years ago, Muhammad Yunus, a Bangladeshi economics teacher, was visiting a vill

age when he met a woman who made bamboo baskets. She couldnt afford to buy the bamboo to make the baskets, so she had to borrow the money from the bamboo sellers and then pay them a large part of the profit from each one she sold. There was so little money left for her to keep that she couldnt afford to buy more bamboo, so she had to borrow more money. And so the cycle continued with no way out for her. She couldnt borrow money from friends or family because they were as poor as she was. She couldnt borrow from the bank because she had no land to guarantee that she would pay back the loan. Yunus went around the village and found 41 people who were in the same position—trapped in a cycle of poverty with no escape. When he added up the amount of money that they needed to break free from the cycle, it came out to just twenty seven dollars. As Yunus says, — I felt ashamed of myself for being part of a society which could not provide even 27 dollars for 41 hard-working, skilled human beings. He lent them the money and told them to pay it back whenever they could. He got all of it back, so he went to other villages and did the same thing. He always got his money back. The official banks didnt want to get involved in what he was doing, so Yunus started his own bank. The Grameen bank was born, and with it there is a new approach to lending money-micro-credit. The bank now lends over a billion dollars to more than two million borrowers, 96% of them women, and involving more than half of the villages in Bangladesh. The repayment is 99%. The rural economy of the country has improved gready since the bank started. And the success has spread. This year it was estimated that there are now over 7 ,000 micro-credit organizations in the world, lending to over 16 million of the poorest people.

The women couldnt find a way out of the cycle of poverty because______.

A．she was not hardworking enough

B．she couldn"t borrow enough money

C．she was exploited by the bamboo seller too much

D．the profit of selling the baskets was little

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第7题

Suspect sent back to Taiwan XIAMEN （Xinhua)－The Chinese maninland Red Cross organiz

Suspect sent back to Taiwan

XIAMEN (Xinhua)-The Chinese maninland Red Cross organization handed over a suspect in a financial crime to its counterpart in Taiwan here last Thursday.

The repatriated man, Cai Zhiwei. a 27-year-old Taiwan hank clerk, fled to hlong Kong on 30 April, this year with part of the 31. 44 million laiwan yuan C $ 1. 12 million) he had stolen from customer accounts at the bank where he worked.

Cai entered Shenzhen on 1 May, carrying a total of $685,000, including HK $ lmillion ($ l35,l35)in cash, and the rest in traveller's checks.

He was held for questioning when be cashed the traveller's checks at the Bank of China Shenzhen Branch on 5 May. The funds he deposited in a local bank were also frozen.

The Taiwan red Cross expressed thanks for the co-operation of its mainland counterpart and hoped that such co-operation would continue.

The two sides worked out a repatriation agreement in September 1990 and since then have completed a total of 14 repatriations of illegal immigrants and suspected criminals.

QuestIons 11-15 are based on Passage

1. This passage is mostly taken from________.

A. A textbook B. a newspaper

C. a novel

2. The suspect was handed over to____________.

A. a police station in Taiwan B. the immigration office in Taiwan

C. The Taiwan Red Cross

3. Which of the following statements is true about Cai Zhiwei？

A. He is 26 years old

B. He is a salesman

C. He may be involved in a financial crime

4. Which of the following words can be used to replace the word'deposited" in the

sentence"the funds he deposited in a local bank were also frozen"？

A. Placed BStole

C. Stored

5. The suspect was caught_

A. on 30 April B. on 5 May

C. on 1 May

Xinhua)-The Chinese maninland Red Cross organization handed over a suspect in a financial crime to its counterpart in Taiwan here last Thursday

The repatriated man, Cai Zhiwei. a 27-year-old Taiwan hank clerk, fled to hlong Kong on 30 April, this year with part of the 31. 44 million laiwan yuan C $ 1. 12 million) he had stolen from customer accounts at the bank where he worked

Cai entered Shenzhen on 1 May, carrying a total of $685,000, including HK $ lmillion ($ l35,l35)in cash, and the rest in traveller's checks

He was held for questioning when be cashed the traveller's checks at the Bank of China Shenzhen Branch on 5 May. The funds he deposited in a local bank were also frozen

The Taiwan red Cross expressed thanks for the co-operation of its mainland counterpart and hoped that such co-operation would continue

The two sides worked out a repatriation agreement in September 1990 and since then have completed a total of 14 repatriations of illegal immigrants and suspected criminals

QuestIons 11-15 are based on Passage

1. This passage is mostly taken from_ _____

A. A textbook B. a newspaper

C. a novel

2. The suspect was handed over to_

A. a police station in Taiwan B. the immigration office in Taiwan

C. The Taiwan Red Cross

3. Which of the following statements is true about Cai Zhiwei？

A. He is 26 years old

B. He is a salesman

C. He may be involved in a financial crime

4. Which of the following words can be used to replace the word'deposited" in the

sentence"the funds he deposited in a local bank were also frozen"？

A. Placed BStole

C. Stored

5. The suspect was caught____________

A. on 30 April B. on 5 May

C. on 1 May

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第8题

Complaints caused by not delivering according to the time and quantity In the fall of 2006 ,one of

Complaints caused by not delivering according to the time and quantity

In the fall of 2006 ,one of our trading companies concluded a substantial rice business with an old customer in Africa. The terms of delivery are : shipment is to be made in equal monthly lots beginning from December,2006 to June,2007 and payment is to be made by irrevocable letter of credit 60 days after the date of the bill of lading. The customer established the L/C in time and all particulars of the rice, such as the name , specifications , unit price,total price and total quantity are in conformity with the contract. But the terms of shipment only stated " the latest date of shipment is June 30 ,to be shipped in several lots".

The staff in our trading company made the first shipment in December according to the quantity stated in the contract. However in order to export more and eam more foreign exchange earlier, they advanced the time of shipment regardless the shipment terms stipulated in the contract. In January 2007 , our company shipped the quantity of the first quarter once , and in February made the third shipment for the rest quantity that should be delivered in the second quarter, since our staff had not found any specifications "shipment is to be made in equal lots" in the L/C. At the same time our bank negotiated against presentation of the stipulated documents and subsequently asked the opening bank to pay for the goods. The opening bank examined the L/C and confirmed that the L/C had no error in it.

After receiving the shipping advice, the African customer found that the delivered quantity of the rice both in the second lot and third lot were not in accordance with the shipment terms stipulated in the contract, so a claim was filed by the customer against our trading company for default shipment. The amount claimed involved the added fees of chartering warehouse for the delivered goods, the interest and other charges etc. The two parties negotiated the compensation for several times, finally our company accepted the opposing party's opinion and agreed that the purchase price for the last two lots was to be paid four months later, that meant our company would receive the payment a few months later than che original stated time. According to Lhe current price in the international market at that time, our trading company suffered the loss equivalent to 10 percent of the original selling price.

Questions :

(1) What is the relationship between the letter of credit and the transaction contract？

(2) Which proof must the two parties concerned base on when they perform their obligations？

(Translate the case into Chinese and then answer the question)

Helpful hint: It is stipulated in Article 4 of the Uniform Customs and Practice for Documentary Credits that "in credit operations all parties concerned deal in documents and not in goods , service and/or other performance to which the documents may relate" .

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第9题

Many policy issues in forestry have no an income distribution side.

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第10题

A．submitsB．presentsC．offersD．issues

A.submits

B.presents

C.offers

D.issues

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第11题

A: I made a very close study of the draft contract last night. B: Any questions？ A: Yes．There are

A: I made a very close study of the draft contract last night.

B: Any questions？

A: Yes．There are a few points which I'd like to bring up．First, the packing．It's stipulated in the contract that all the machine parts should be packed in wooden cases．This can be done with the machine parts, but it's impossible to pack a truck base like that.

B: I see.

A: Second, about the terms of payment．Your draft contract says that payment is to be made by D/P．This is not our practice．We prefer to have the payment made by L/C through a negotiating bank in France.

B: And…

A: And the third point is about arbitration．It's stipulated that arbitration shall take place in China．In all our past contracts signed with you, it was stipulated that arbitration took place in a third country.

B: Yes, that's right.

A: But how is it that this time you wish to have it carried out in China？

B: Shall we take up the matter point by point？

A: That's a good idea.

B: Now, the first point is about packing．We agree to a different packing for the truck.

A: This can easily be done.

B: Second, about terms of payment by L/C.

A: Thank you.

B: As for arbitration, in our dealings with many countries, arbitration is to be carried out in China．The Arbitration Commission of CCPIT enjoys a high prestige among friendly companies．Personally I hope you'll accept this clause．Furthermore, the disputes that have arisen from our business transaction were all settled through friendly consultations．Very rarely was arbitration restored to.

A: I see．OK．The new arbitration clause is acceptable．Is there anything else？

B: As far as the contract stipulations are concerned, there is nothing more．Thank you very much.

A: When should we sign the contract？

B: We'I1 revise the contract this evening, and have it ready to be signed tomorrow morning at ten．How's that？

A: Perfect.

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