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1、Unit11PaymentofGoodsKeyI.Trueorfalse1. T2. T3. F thisisadiscrepancybetweenthecontractandthecoveringL/C.4. T5. F this“moreorless“tolerancedoesnotapplywhen”theCreditstipulatesthequantityintermsofastatednumberofpackingunitsorindividua
2、litems.6. F accordingtoarticle42oftheUCP500,afreelynegotiablecreditdoesnotneedto“stipulateaplacefornegotiation.”7. F article43oftheUCP500alsostates:”……ifnosuchperiodoftimeisstipulated,bankswillaccept……”.HeretheL/CstipulatedanexpirydateoftheL/C,th
3、epresentationofdocuments,therefore,shouldnotexceedthatdate(September15)8. T9. F article11oftheUCP500reads:”ifabankusestheservicesofanAdvisingBanktohavetheCreditadvisedtotheBeneficiary,itmustalsousetheservicesofthesamebankforadvisinganamendment.10
4、. T11.T12. F onCFR,CPTorFOBterms,itisthebuyerwhomustinsurethegoodsandpaytheinsurancepremiuminvolved.13. F accordingtoItemofarticle13oftheUCP500:”documentswhichappearintheirfacetobeinconsistentwithoneanotherwillbeconsideredasnotappearingontheirfacetobeinc
5、ompliancewiththetermsandconditionsoftheCredit,”discrepanciesbetweenthedocumentsthemselvesarenotallowed.14. F bankswon’trefusedtoeffectpayment,asisstatedinarticle13oftheUCP500,”documentsnotstipulatedintheCreditwillnotbeexaminedbybanks.Iftheyreceivesuchdoc
6、uments,theyshallreturnthemtothepresenterorpassthemonwithoutresponsibility.”15. F thetimeallowedforexaminingandnegotiatingthedocumentsissevenbankingdays,asisindicatedinarticle13(b)oftheUCP500:”theIssuingBank……shalleachhaveareasonabletime,nottoexceedsevenb
7、ankingdaysfollowingthedayofreceiptofthedocuments,toexaminethedocumentsanddeterminewhethertotaleuporrefusethedocumentsandtoinformthepartyformwhich itreceivedthedocumentsaccordingly.”16. F thebeneficiarydoesnotneedtoactonsuggestionswrittenintheL/Ciftheyate
8、notindicatedasdocuments,asisstatedinarticle4oftheUCP500:”inCreditoperationsallpartiesconcerneddealwithdocumentsandnotwithgoods,servicesand/orotherperformancestowhichthedocumentsmayrelate.”17. T18. T19.
