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實用英語

I. Please fill in the blanks with appropriate answers.

1. In documentary collection transactions, the terms ‘D/P‘ stands for .__, and ‘D/A‘ stands for__

2. Draft is also called__

3. The payment method ‘L/C‘ stands for__

4. The ocean transport documents ‘B/L‘ stands for __

5. According to UCPS00, in credit operations al parties concerned deal with__ and not with goods, services, and/or other performances to which the __ may relate.

6. The shipper on the B/L is also called __

7. According to the regulations of Customs House, all exit and entry means of  transportation,cargos articles of international consignment must go through the procedures of __

8. The trade terms DEQ stands for __

9. The bank adds its own undertaking to an irrevocable L/C in addition to the issuing bank at the issuing bank‘s authorization or request is called the .__ bank.

10.According to regulations, __ declaration and __ declaration must be made for dangerous cargos.

Ⅱ.True or false questions (Please write " √ " for the correct statement, and " x "for theincorrect statement).

1.(   )The buyer (as applicant) should specify in the application form the documents to be presented and the terms and conditions to be complied with.

2 (   )The banks channel the documents but also give their payment undertaking under the procedure of a documentary collection.

3.(   )The documentary credit structure provides the seller with an independent bank undertaking of payment.

4.(   )The buyer of the goods and/or services may ‘also be known, as the importer, opener, applicant,accountee, or principal.

5.(   )The documentary credit provides only the seller with independent assurance in respect of the exchange of goods for payment.

6.(   )If the L/C calls for " Beneficiary‘ s certified copy of shipment advice by fax to the applicant advising shipment details", then banks will accept a documents titled as "shipment advice" without any signature and/or date produced on a fax machine.

7.(   )Red clause L/C is also called "reciprocal L/C".

8. (   )Both transferable L/C and back-to-back L/C involve a middleman as a seller and substitution of documents.

9.(   )For an unconfirmed L/C, a negotiating bank may negotiate with recourse to the beneficiary.

10. (   )Unless otherwise allowed in the L/C, insurance document should be issued in the same currency as the L/C.

Ⅲ. Multiple choice questions (Of following questions, there is only one correct answer to each question. Please select the correct answer. ).

1.(   )We are looking forward to __ your inquiry at an early, date.

A. receive

B. receiving

C. received

D.  having received

2.(   )The  above offer is our final confirmation.

A. subject with

B. subject in

C. subject to

D. object to

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