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38. ( )If L/C calls for invoices in quintuplicate, which of the following statements is correct?
A. Beneficiary may present two original invoices plus two copies.
B. Beneficiary. may present four original invoices.
C. Beneficiary may present four copies of invoices.
D. Beneficiary may present at least one original invoice plus four copies of invoices.
39. ( )The beneficiary can minimize the risks of its failure to comply with L/C conditions by
A. reading all the conditions of the L/C carefully as soon as they receive the L/C
B. immediately requesting an amendment to the L/C terms if any of the conditions appear to vary from the commercial agreement, or if the beneficiary find it difficult to satisfy any
of the credit conditions
C. shipping the goods first to avoid late shipment and then immediately requesting an amendment to the L/ C terms if any of the conditions appear to vary from the commercial
agreement, or if the beneficiary find it difficult to satisfy any of the credit conditions
D. obtaining a confirmation of the L/C by a bank in the beneficiary‘s country
40.( )If L/C calls for an insurance policy, then the beneficiary should make sure of following except:
A. the document tendered is not a cover note
B. the document tendered must be an insurance policy
C. the date of cover is effective
D. the risks must be covered as per PICC clauses
IV. Multiple choice questions. (Of following questions, there are more than one correct answers to each question. Please select the correct answers to each question.)
1. ( )If the remitting bank has honored documents against an indemnity in respect of discrepancies, the parties should be concerned with this indemnity are:
A. the issuing bank
B. the confirming bank
C. the beneficiary
D. the remitting bank
2.( )The documents that am NOT documents of tide and NOT applicable to UCP transport Articles are:
A. delivery order
B. FCR
C. copy of ocean B/L
D. original ocean B/L
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