Instructions: 1. 90-minute exam.

Part I. Part in Theory (2 points): Discuss your opinions about the International Payments course. Take and
analyze a practical example of international payment activities in Vietnam.
Part II. Multiple Choice Questions (2 Points): Choose the best answer and explain briefly
1. Which of the following documents MUST be signed?
A. Packing list B. Certificate of origin C. Commercial invoice D.Weight specification
2. If the CIF or CIP value cannot be determined from the documents, a nominated bank will accept an
insurance document, which covers:
1. 110% of the gross amount of the invoice 2. 100% of the gross amount of the invoice
3. 110% of the documentary credit amount 4. 110% of the amount for which payment, acceptance,
or negotiation is requested under the credit
A. 1 and 3 only B. 2 and 4 only C. 1,2 and 4 only D. 1,3 and 4 only
3. According to Incoterms 2010, one of the below trade terms is indicated that the importer has responsibility
Part III. Question of payment time ( 2 Points)
A contract to import 450MT of rice valued at US$550 signed on June 20th, 2017 specified that 14 days after
the contract signing payment of 20% contract value will be made by the buyer. Shipment is to be made no
later than October 15th, 2017. Calculate the price discount the buyer can get and the remaining payment the
buyer has to make.
Part IV. Create Financial Documents (2 points)
HANA company signed a contract to sell 150 computers for UNIKI Company, Korea on January 30th, 2022
with a price of FOB US$ 2,550 per product, Incoterms 2010. On February 26th, 2022, NTK Company opened
an irrevocable L/C No. 9789999, pay at sight from Standard Charter Bank Korea to Vietnam International
bank. The latest shipping date is March 27th, 2022. L/C duration is 90 days. HANA delivered and issued
Invoice No.79/2016/HATONA-UNIKI dated March 15th, 2022.
Questions:
1. Issue the BE based on ULB1930
2. Who has the right to transfer this BE?
3. Who must pay this BE in L/C duration
Part IV. Explain Case ( 2 Points)
Credit subject to UCP 600 asks for a full set of 3 original bills of lading evidencing shipment of building
materials, comprising cement, steel round bars, I-beams, etc. Consigned to the order of issuing bank,
evidencing shipment from any Chinese port to Dubai, with freight prepaid, notifying the applicant. The credit
prohibits partial shipments. Three sets of original bills of lading loaded on the same vessel under the same
voyage number, discharging at Dubai are presented.
The issuing bank dishonors due to the following discrepancy: Partial shipments are made as evidenced by
the presentation of three sets of original bills of lading and the credit prohibits partial shipments. Is this
discrepancy valid?
Question: Is the issuing bank’s refusal correct? Indicate the article in UCP 600 and explain your answer?
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