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6.( )UCP500 categorizes L/Cs into four types. Which type of IZC does not fall into that categorization?
A. sight payment L/C
B. acceptance L/C
C. negotiation L/C
D. confirmation L/C
7.( )According to UCP500, which of the following documents must be issued/drawn by the beneficiary unless otherwise stipulated by the Credit?
A. draft
B. packing list
C. inspection certificate
D. fax
8.( )When the credit calls for a draft drawn on the applicant, according to UCP500, how will banks treat such draft?
A. Banks may disregard such requirement.
B. Banks may accept a draft drawn on the issuing bank in lieu of one drawn on the applicant.
C. Banks will consider the draft as an "additional document.
D. Banks will t~" to persuade the applicant to amend the Credit to delete sueh requirement.
9.( )A bank that adds its undertaking to a Credit at the request of the issuing bank is called the:
A. advising bank
B. nominated bank
C. reimbursing bank
D. confirming bank
10. ( )Letter of credit, by their nature, are __ transactions from the sales confirmation or other contract on which they may be based, and bank are in __ way concerned with or bound by such contract.
A. separate……, any
B. separate……, no
C. associate
D……, all the
D. affiliate
D……, any