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26. ( )According to UCP500, all the following statements relating to commercial invoices under a non - transferable L/C are correct except that they must:

A. be manually signed by the beneficiary

B. be made out in the name of the applicant

C. appear to have been issued by the named beneficiary

D. indicate the description of goods corresponding with the L/C

27. ( )An L/C requires an inspection certificate to be issued by a competent authority. According to UCP500, banks may accept an inspection certificate issued by following parties except:

A. applicant

B. beneficiary

C. SGS .

D. third party manufacturer

28. ( )IMC calls for merchandise as "(1) 100 tours of wheat; (2) 1130 pairs of shoes", partial shipments are prohibite D. Which of following invoice is unacceptable according to UCP500 and L/C terms?

A. Invoice showing: (I) 95 tons of wheat (2) 96 pairs of shoes

B. Invoice showing: (1) 105 tons of wheat (2) 1(30 pairs of shoes

C. Invoice showing: (1) 106 tons of wheat (2) 100 pairs of shoes

D. Invoice showing: (i) 100 tons of wheat (2) 95 pairs of shoes

29.( )Prior to advising a Documentary Credit to the beneficiary, the Advising Bank is responsible for:

A. effecting payment against conforming documents

B. checking the apparent authenticity of the Documentary Credit

C. notifying the Issuing Bank that the Documentary Credit is being advised

D. checking that the reimbursement method is effective

30. ( )If an exporter is willing to release the shipping documents directly to the buyer, but wishes to retain some guarantee of payment should the buyer fail to pay on the due date, which of the following WCs BEST suit the exporter‘s needs?

A. Transferable

B. Revolving

C. Standby

D. Evergreen

31. ( )Under DDP terms, who is responsible for all import requirements and payments in addition?

A. Importer

B. Exporter

C. Issuing bank

D. Confirming bank