ĐỀ 1

1. Which of the following information CANNOT be seen on a Documentary collection

instruction?
A. A description of the goods
B. The amount to be collected
C. The detailed instructions concerning settlement
D. The signature of Remitting bank
2.. The usance draft is
A . Payable on demand
B. Payable on presentation
C. Payable at a fixed future date
D. Payable at a determinable future time
3. Who is the holder of a B/E?
A. A specified person
B. To order of a specified person
C. Bearer
D. All of the above
4. Which of the following requiring that drawee needs to make payment 90 days after the date
of issue of B/E
A. 90 days after date sight
B. 90 days after sight
C. 90 days after date
D. All of the above
After date sight/after sight : sau ngày phát hành
After sight : sau ngày người đó nhìn thấy B/E
5. In which case Open account should NOT be used?
A. The seller is in lack of information of the buyer
B. The seller is confident about the legal, economic, political conditions of the buyer’s country
C. The seller is confident about the creditworthiness of the buyer
D. The buyer is well known for strong financial heath
6. After a contract is signed, a movement in … can very easily create an unexpected profit or
loss in a transaction
A. Exchange rate
B. Price
C. Quantity
D. Foreign exchange

1. The use of UCP and ISPB is compulsory. True or False? (1 points)

False, because an LC subject to UCP should be also subject to ISBP unless otherwise stated
in the credit.
1. What is the role the drawee in a documentary collection? (1 points)
To pay at sight or to accept the b/e and then pay at maturity
2. Draw and explain the transaction flow of collection. Assume that this is the documentary
collection through a bank with payment on D/A terms (2 points)
3. Read the B/E below: (3 points)

a. Who is the drawee : Singapore Import Banking Company and drawer : UK Export
Company? Explain why drawee is a bank? (Vì là L/C)
b. Who is the beneficiary? The drawer
 c. When does drawee need to pay the amount (pay 250,000 nghìn đô ; due date :
31/03/2000? How much does the drawee need to pay?

ĐỀ 2
1. Which of the following is NOT a law used to govern B/E :
A. The Uniform law for Bill of Exchange
B. The UK Bill of Exchange Act
C. The US Uniform Commercial code
D. None of above
2. The drawee of a cheque is :
A. The debtor’s bank
B. The debtor
C. The creditor
D. The creditor’s bank
3. When there are many shipments being transported between two parties in a specific
time period which type of insurance documents should be used more often ?
A. Insurance policy
B. Insurance certificate
C. Insurance lading
D. Insurance credit
4. When should we use the transferable L/C ?
A. When we are exported but do not have enough goods to delivery
B. When we are imported but want to import more than the quantity of goods in
C. When we sign the contract as an agent
D. When we sign the contract as a distributor
5. Which of the following is true about Open account ?
A. Open account is governed by a rule published by ICC
B. The risk is open account is that the seller will lose control over payment
C. The risk to seller is greater than that of the buyer
 D. The seller needs to reply on the creditworthiness and trustworthiness of buyer
6. B/E contains
A. A promise
B. Unconditional order
C. Request to delivery goods
D. None of these

4. In clean collection, the finacial documents, commercial documents, transport documents

and insurance documents are sent directly from the seller to the buyer. True or False ?
=> False. In clean collection, the finacial documents are the only documents send through
the bank. Clean documents and transport documents are sent directly from the seller to the
buyer
5. What are the pros and cons of using open account to the seller and the buyer ?
Pros:
- Low-risk option for the buyer
- Help the seller land a sale and make the seller more competitive, which can
increase repeat business and help them build both market share andcustomer loyalty
Cons:
- Fraud, credit risk and financial risk to the seller (getting paid late or not getting paid at all)
- If the buyer doesn’t pay, the seller may also incur costs trying to collect on
the debt in addition to the loss from unpaid debt itself.
- Simply offering longer payment terms won’t necessarily make the seller most competitive
6. Draw and explain the transaction flow of a basic Letter of credit
7. Read the B/E blow :

a. The drawee : COMMERZBANK AG

The drawer : EXPORT HANDEL NV
The drawee is a bank because it is L/C
b. The beneficiary is EXPORT HANDEL NV ( is the person reminded by the drawer)
c. Due date : 5/4/2013