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examination you discover discrepancies. Who do you contact first: (a) the applicant, or (b) the negotiating bank?

How much time do you have according to UCP600?

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Q23 Name three types of credits which provide pre-shipment

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Q24 Who makes the first presentation under a transferable

credit?¢Ùʵ¼Ê¹©Ó¦ÉÌ¡ú¢ÚÖмäÉÌ

Q25 The beneficiary of a transferable credit requests the

nominated bank to transfer it. What alterations is he permitted to make under UCP600? ½ð¶î¡¢µ¥¼Û¡¢Í¶±£±ÈÀý¡£

Q26 You receive from the issuing bank, a red clause credit

which you advise to the beneficiary. The credit allows a cash advance of 20%:

(a)Are you obliged to make the advance?No (b)Would it make any difference if you have confirmed the credit?Yes

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Q27 What is the purpose of a tender bond?

Q28 Why do we call a standby credit a negative credit? How

did this type of credit originate?

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Q29 Does a mate¡¯s receipt give title to the goods detailed on it? Q30 What is a multimodal bill of lading? If it is to be

acceptable under a documentary credit, what essential feature must it have?

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