BY COMPETENT AUTHORITIES.
+INSURANCE POLICY/CERTIFICATE COVERING ALL RISKS AND WAR RISKS OF PICC. INCLUDING WAREHOUSE TO WAREHOUSE CLAUSE UP TO FINAL DESTINATION AT HELSINKI, FOR AT LEAST 120 PCT OF CIF-VALUE.
+SHIPPING ADVICES MUST BE SENT APPLICANT WITHIN 2 DAYS AFTER SHIPMENT ADVISING NUMBER OF PACKAGES, GROSS & NET WEIGHT, VESSEL NAME, BILL OF LADING NO. AND DATE, CONTRACT NO. , VALUE.
PRESENTATION PERIOD: 6 DAYS AFTER ISSUANCE DATE OF SHIPPING
DOCUMENT
CONFIRMATION: WITHOUT
INSTRUCIONS: THE NEGOTIATION BANK MUST FORWARD THE
DRAFRS AND ALL DOCUMENTS BY REGISTERED AIRMAIL DIRECT TO US IN TWO CONSECUTIVE LOTS, UPON RECEIPT OF THE DRAFTS AND DOCUMENTS IN ORDER, WE WILL REMIT THE PROCEEDS AS INSTRUCTED BY THE NEGOTIATING BANK.
2. Read the credit and fill in the blank. 信用证内容
Department: A SWT034C07 Sep/No: 00639 Message Received On: 2009-07-08/15:35:30 ******
LOCAL TIME THU JULY 8 15:07:21 2009 TO: BANK OF CHINA, CHANGSHA SWIFT CODE: BKCHCNCSA300
FROM: NAT’L AGRICULTURAL COOPERATIVE FED’N, SEOUL
TEST-KEY: SEE 72 FIELD ( CAL FOR 116188)
MUR: 000000000482167
MESSAGE – TYPE: 700 ISSUE OF A DOCUMENTARY CREDIT +27: SEQUENCE OF TOTAL 1/1
+40A: FORM OF DOCUMENTARY CREDIT IRREVOCABLE +20: DOCUMENTARY CREDIT NUMBER JC968509MU00158 31C: DATE OF ISSUE 090708
+40E: APPLICABLE RULES UCP LATEST VERSION +31D: DATE AND PLACE OF EXPIRY 090908 CHINA
+50: APPLICANT RAIN DREANS IMP. &EXP. CORP
NO.90, MOSQUE ROAD, SEOUL, KOREA +59: BENEFICIARY CHANGSHA WENTON CO., LTD. 498 SHAOSHAN ROAD,
CHANGSHA CHINA
+32B: CURRENCY CODE, AMOUNT: USD 22422 +41D: AVAILABLE WITH… BY… ANY BANK
BY NEGOTIATION
:42C: DRAFTS AT… 60DAYS AFTER SIGHT
:42A: DRAWEE AMERICAN EXPRESS BANK LTD., NEW YORK :43P: PARTIAL SHIPMENTS ALLOWED :43T: TRANSSHIPMENT ALLOWED
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:44E: PORT OF LOADING/AIRPORT
OF DEPARTURE CHINA PORT :44F: PORT OF DISCHARGE/AIRPORT
OF DESTINATION BUSAN KOREA :44C: LATEST DATE OF SHIPMENT 090831 :45A: DESCRIPTION OF GOODS AND / OR SERVICES +TRADE TERMS: CIF BUSAN KOREA
ORIGIN: CHINA + Trolley Cases
TS503214 1 104PCS TS503215 1 149PCS TS503216 1 440PCS :46A: DOCUMENT REQUIRED
+SIGNED COMMERCIAL INVOICE IN QUADRUPLICAE
+PACKING LIST IN QUADRUPLICETE SHOWING PIECE LENGTH PER PACKAGE
+FULL SET OF CLEAN ON BOARD OCEAN BILLS OF LADING MADE OUT TO THE ORDER OF NATIONAL AGRICULTURAL COOPERATIVE FEDERATION MARKED “FREIGHT PREPAID” AND NOTIY ACCOUNTEE
+INSURANCE POLICY OR CERTIFICATE IN DUPLICATE, ENDORSED IN BLAND FOR 110 PCT OF THE INVOICE VALUE, EXPRESSLY STIPULATING THAT CLAIMS ARE PAYABLE IN THE CURRENCY OF THE DRAFT, ALSO INDICATING A CLAIMS SETTLING AGENT IN KOREA AND INSURANCE UST INCLUDE INSTITUTE CARGO CLAUSE: ALL RISKS, WAR RISKS AND SRCC
+CORY OF FAX/TXL SENT TO APPLICANT ON SHIPMENT DATE ADVISING SHIPPING DETAILS ADDITIONAL CONDITION
:47A: +BILLS OF LADING ARE INDICATED NAME ADDRESS AND TELEPHONE NUMBER OF
CARRYING VESSEL’S AGENT AT PORT OF DESTINATION
:71B: CHARGES EXCEPT OTHERWISE STATED, ALL BANKING CHARGES OUTSIDE KOREA
INCLUDING REIMBURSING BANK’S CHARGES ARE FOR BENEFICIARY’S ACCOUNT
:48: PERIOD FOR PRESENTATION DOCUMENTS TO BE PRESENTED WITHIN 21 DAYS AFTER THE
DATE OF SHIPMENT BUT IN ANY EVENTS WITHIN THE CREDIT VALIDITY +49: CONFIRMATION INSTRUCTIONS WITHOUT
:53A: REIMBURSING BANK AMERICAN EXPRESS BANK LTD., NEW YORK :78: INSTRUCTIONS TO THE PAYING/ACCEPTING/NEGOTIATING BANK
+THIS CREDIT IS AVAILABLE AT SIGHT BASIS, WITH ACCEPTANCE COMM. AND DISCOUNT
CHARGES FOR APPLICANT’S ACCOUNT
+PLS CLAIM REIMBURSEMENT BY FORWARDING BENEFICIARY’S TIME DRAFT AND A COPY
OF B/L TO THE REIMBURSING BANK +T/T REIMBURSEMENT NO ALLOWED
+ALL DOCUMENTS MUST BE FORWARDED IN TWO CONSECUTIVE LOTS BY INT’L COURIER
SERVICE TO THE FOLLOWING ADDRESS: NATIONAL AGRICULTURAL COOPERATIVE FEDERATION INTERNATIONAL BANKING DEPARTMENT 75, 1-KA, CHUNGJEDNG-RD JUNGKU, SEOUL, KOREA
+THIS CREDIT IS SUBJECT TO UCP, ICC PUBLICATIONS NO.600(2007 REVISION) :72: SENDER TO RECEIVER INFORMATION TEST S70314
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WITH HANIL BANK, SEOUL
PLS CONTACT THEM FOR TESTKEY VERIFICATION + END OF MESSAGE+ 33062 BOCSH A CN
08-JULY-2009 AT 15:35 FROM EXTEL 根据信用证内容回答以下问题：
（1）开证行用（ C ）方式将信用证经过通知银行给受益人。
A．信开 B. 快邮 C. 电开
（2）该信用证中规定汇票的付款期限为（ A ）
A. 见票后60天 B. 提单日后60天 C. 出单日后60天 （3）RAIN DREAMNS IMP. & EXP. CORP. 是该信用证的（ B ）
A. 卖方 B. 开证申请人 C.开证行 （4）该信用证要求汇票上的付款人为（ C ）
A．BANK OF CHINA, CHANGSHA
B. NAT’L AGRICULTURAL COOPERATIVE FED’N, SEOUL C. AMERICAN EXPRESS BANK LTD., NEW YORK （5）该信用证允许受益人使用的金额是（ A ）
A. USD 22422.00 B. USD 42422.00 C. USD 42424.00 （6）该信用证规定偿付费用由（ C ）承担。
A. 议付行 B. 开证申请人 C.受益人 （7） 该信用证规定的交单期限为（ B ）
A. 最迟装运日后21天 B.提单日后21天 C. 装箱单后21天 （8）该信用证中规定受益人需提交的提单是（ A ）
A. 清洁已装船提单 B.不清洁已装船提单 C.备运提单 （9）该信用证项下的海运提单应由（ A ）背书 A. CHANGSHA WENTONG CO., LTD.
B. NATIONAL AGRICULTURAL COOPERATIVE FEDERATION C. AMERICAN EXPRESS BANK LTD., NEW YORK
（10）该信用证项下的海运提单上“通知人”一栏应填 （ C ）
A. TO ORDER B. CHANGSHA WENTONG CO., LTD. C. RAIN DREANS （11）该信用证规定，如有货损应用（ B ）赔付 A.韩元 B.美元 C.人民币
（12）按照信用证的规定，出口运费应在（ C ）支付
A．货到目的港后由进口商 B.货到目的港后由出口商 C.货离起运港前由出口商 （13）该信用证项下的海运提单必须注明（ A ） A．承运船公司在目的港代理的名称、地址和电话 B. 承运船公司在起运港代理的名称、地址和电话 C. 第三方托运人的名称、地址和电话
（14）该信用证规定受益人提交的保险单据应为（ B ）
A. 保险单和保险凭证 B.保险单或保险凭证 C.预约保单 （15）该信用证规定装船通知副本应（ B ）
A.作为单据提交到银行议付 B.直接寄给开证申请人 C.未作具体规定 （16）该信用证规定受益人需要提交的单据（不包括汇票）在（ A ） A.5种 B.6种 C.7种
（17）按照信用证的规定，受益人可以在 （ A ）装运 A.2009-08-22 B.2009-09-22 C. 2009-09-08
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（18）该信用证属于（ B ）
A. 假远期信用证 B.不可撤销即期信用证 C.远期承兑信用证
（19）NAT’L AGRICULTURAL COOPERATIVE FED’N, SEOUL是本信用证的（ A ） A.开证行 B.保兑行 C.偿付行
（20）该信用证中规定的适用规则为（ C ）
A. “EUCP LATEST VERSION”（电子化交单统一惯例最新版本）
B. “UCP URR LATEST VERSION”（统一惯例及偿付统一规则最新版本） C. “UCP LATEST VERSION”（统一惯例最新版本）
Chapter 6 Banker’s Letter of Guarantee and Standby L/C Exercises:
1. Put the following into English: (1) 全球金融市场Global financial market (2) 合同义务contractual obligation (3) 信用评估 credit evaluation
(4) 用于国际贸易中的保函分为两类：直接保函和间接保函。The guarantees used in international business
can be divided into two categories: direct guarantees and indirect guarantees.
(5) 银行开具各种类型的保函：投标保函、履约保函、预付款保函和尾款保函。Banks issue various types
of guarantee or bond, and they are bid bonds, performance bonds, advance payment or retention bonds. (6) 预付款保函向买方提供了一个资金安全的保证。The advance payment guarantee provides financial
security to the buyer.
(7) 信用证和保函的主要不同点是：信用证是一个付款工具，而保函是一个合同义务被履行的保证。The
main difference between a letter of credit and a guarantee is that the letter of credit actually represents a payment instrument while the guarantee is an assurance that contractual obligations will be fulfilled. 2. True or False
(1) Bank guarantees are written instruments issued by banks to an overseas buyer if the seller fails to fulfil his
obligations under a contract. ( T )
(2) Most bank guarantees are intended to secure the buyer’s commitment to deliver the goods or to render a
service in a correct fashion (多多少少，马马虎虎) . ( F )
(3) The nature of a standby letter of credit is to give a security similar to a bank guarantee. ( T )
Chapter 7 Documents Exercises:
1. Put the following into English:
(1) 多式联运提单multimodal transport document (2) 面值 face value
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