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11. （ ）If a Credit requires "an inspection certificate issued by a well-known inspector"，
A. the certificate may be issued by anyone.
B. the certificate may be issued by the beneficiary.
C. the certificate must be signed， dated and issued in one original and one copy.
D. the certificate must not be issued by the beneficiary and must appear to comply with the other terms and conditions of the Credit.
12. （ ）The Credit requires an ocean bill of lading showing port of loading as Shanghai and port of discharge as Long Beach. The bill of lading shows the place of receipt as Xi' an， the port of
loading as Shanghai， the port of discharge as Seattle and the final destination as Long Beach.Which of following statements is correct.'？
A. The bill of lading is discrepant because the port of discharge is incorrect.
B. The bill of lading is acceptable.
C. The bill of lading is discrepant because it is multimodal transport bill of lading.
D. The bill of lading is discrepant because it shows a place of receipt not indicated on the Credit.
13. （ ）Which party（ies） is/are mentioned in the UCPSO0 who will disregard non-discoumentary conditions？
A. third party
B. beneficiary
C. banks
D. any party
14. （ ）Based on the UCP500 article covering marine/Ocean Bills of lading， which one of the below wording is the correct definition of transshipment？
A. Unloading and reloading from one mode of transport to another during the course of the shipment.
B. Unloading and reloading from one vessel to another vessel during the course of ocean carriage from the port of loading to the port of discharge.
C. Unloading and reloading from one means of conveyance to another means of conveyance in different modes of transport during the course of the carriage.
D. Unloading and reloading from several means of transportation to another during the course of the carriage.
15. （ ）What is the percentage of. tolerance in the drawing amount when the IMC prohibits partial shipments？
A. 10% or less
B. None
C. 3% or less
D. 5% or less
16. （ ）Based on the UCP500， what should be the minimum insurance coverage in the insurance document when the Letter of Credit is for USD550，000.00 and the commercial invoice contains the following information？Total merchandise value USD1，100， 000. 00 Less advance payment USD550，000.00 Net due under the Letter of Credit USD550，000.00
A. USD1，210，000.00
B. USD605，000.00
C. USD550，000.00
D. USD710，000.00
17. （ ）A transferable Credit can be transferred only on the terms and conditions specified in the original credit with the exception of：
A. any unit price， credit amount， expiry date， latest date for presentation， period for shipment， insurance percentage
B. credit amount， expiry date， presentation days， insurance percentage， period for shipment， document requirements
C. credit amount， expiry date， any unit price， latest date for presentation， period for shipment， insurance percentage， drafts and invoices
D. any unit price， credit amount， expiry date， latest date for presentation， period for shipment， insurance percentage， tenor of the draft
18. （ ）According to UCP500， when the first beneficiary under a transferable credit fails to present draft（s） and invoice（s） for substitution upon first demand， the transferring bank has the right to：
A. contact the issuing bank for instructions
B. contact the first beneficiary once more and wait for instructions
C. create a draft（s） and invoice（s） on behalf of the first beneficiary for substitution
D. forward the second beneficiary's draft（s） and invoice（s） to the issuing bank
19. （ ）Based on INCOTERMS 2000， which of the following INCOTERMS is applicable when under the contract the seller is not responsible for obtaining the export license？
A. FCA
B. EXW
C. DAF
D. FAS
20.（ ）According to International Standard Banking Practice， if a Credit is silent in its requirements of a date on any of the following documents， then the document does not need to be dated is：
A. draft
B. transport document
C. insurance document
D. packing list