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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
3.( )If L/C stipulates that "third party documents are acceptable", then according to International Standard Banking Practice, the acceptable documents presented under the IMC are:
A. transport documents showing shipper as a part), other than the beneficiary
B. drafts issued by a party other than the beneficiary
C. invoices issued by party other than the beneficiary
D. weight lists issued by a party other than the beneficiary
4.( )According to UCP500 and International Standard Banking Practice, unless otherwise stipulated in the letter of credit, the documents requiring a signature am:
A. certificate
B. draft
C. cargo receipt
D. bill of lading
5.( )An letter of credit calls for presentation of an insurance certificate. If the C1P value on the invoice is USD10,000.00, the acceptable insurance documents am:
A. Insurance Policy for USD12,000.00
B. Insurance Certificate for USD 11,000. 00
C. Insurance Certificate for USD10,000.00
D. lnsurance Declaration under Open Cover for USD10,000.00