The ______ bank should ensure that the seller"s documents are drawn up in accordance with the credit terms before such documents are paid for and forwards to the ______ bank for final reimbursement.
A. issuing……negotiating
B. advising……paying
C. negotiating……issuing
D. paying……advising
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______ published by the ICC contains detailed provisions dealing with the operation of documentary credit.
A. Hague Rules
B. UCP600
C. Incoterms2000
D. CMR convention
______ is described in the policy as fortuitous partial loss, that is, loss of goods that have suffered from accident or mishap during transportation, either partially or totally.
A. average
B. with average
C. particular average
D. general average
WPA is one of the ______.
A. basic risks
B. additional risks
C. special additional risks
D. general additional risks
Which of the following descriptions are true about NVOCC______
A. he operates a regular scheduled service
B. he owns or operates the vessel
C. he provides a useful service by providing groupage or consolidation services
D. he assumes double roles relationship with carrier and shipper