What kind of draft is to be paid immediately at presentation or at sight?()
A. prompt
B. after sight
C. clean draft
D. documentary
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When using the method of draft payment, the remitting bank shall, at the application of the remitter, issue the bill to its branch or agent bank as follows().
A. commercial draft
B. promissory note
C. bank demand draft
D. bank time draft
Which of the following payment methods does not exist or is unreasonable?()
A. D/P at sight
B. D/P forward payment
C. D/A at sight
D/A at a time
The full set of shipping documents should be().
A. with draft under L / C
B. bill of exchange under collection
C. 50% under L/C and 50% under collection
D. they are listed under L/C and collection draf
According to UCP500, if a letter of credit does not indicate whether it can be revoked, it can be understood as().
A. revocable
B. at the discretion of the issuing bank
C. irrevocable
D. to be decided by the applicant of the issuing bank