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10. ( )L/C states ;,Goods descriptions Coat as per contract No. 1234 is not an integral part of the 1St, 2005". Contract No.1234 dated Jan 1st ,2005.’The correct statements am:

A. Banks should obtain a copy of the contract No. 1234 to cheek whether the goods descriptions shown on documents comply with those stated in such contract, since the L/C mentions that the goods should be as per contract .No. 1234

B. Banks have no obligation to check the contract No. 1234 even if the L/C expressly refers to the contract number because the terms of a credit are independent of the underlying transaction

C. Banks can refuse payment if documents presented not in accordance with the contract.

D. Banks can only refuse payment if documents presented not in accordance with the L/C.

11.( )According to UCP500, the correct statements are:

A. If L/C does not indicate whether it is revocable or irrevocable, then the L/C is revocable

B. ff L/C does not indicate whether it is revocable or irrevocable, then the L/C is irrevocable

C. If L/C does not indicate whether it is transferable or not, then the L/C is transferable

D. If L/C does not indicate whether it is transferable or not, then the L/C is transferable

12. ( )According to UCPS00, in L/C operations all parties concerned with the following except:

A. goods

B. services

C. performances the documents relate

D. documents

13. ( )According to UCP500, banks assume no liability or responsibility for the consequences arising out of:

A. the interruption of banks‘ business by Acts of Cod, riots, civil commotions, insurrections,wars or any other causes beyond their control, or by any strikes or lockouts.

B. the form, sufficiency, accuracy, genuineness, falsification or legal effect of any document(s),or the description, quantity, quality of the goods represented by any document(s).

C. the failure to notify discrepancies within 7 banking days following the day of receipt of the documents

D. the delay and/or loss in transit of message(s), letter(s) or document(s), or other error(s)arising in the transmission of any telecommunication.

14. ( )The beneficiary has a responsibility to examine carefully the L/C received to ensure that

A. the beneficiary can obtain all the documents stipulated in the L/C

B. all the terms and conditions of the L/C can be complied with

C. the L/C is negotiable

D. the L/C has been opened in accordance with the sales or other agreement

15. ( )When filling in the Irrevocable L/C Application Form, the applicant should make sure that

A. all the contents of the sales contract must be included in the Irrevocable L/C Application Form

B. all instructions must be complete and precise

C. excessive details are not included

D. all instructions must state precisely the documents against which payment, acceptance or negotiation is to be made

16. ( )Unless authorized in the L/C, the beneficiary should ensure that B/L

A. is not a "charter party" B/L

B. is not a forwarder‘s B/L

C. is not a third party shipper B/L

D. is not a dirty B/L