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7. In practice ,there are always four parties involed in L/C : the opening bank ,the advising bank,the applicant and the______.

A. principal
B. beneficisary
C. drawer
D. drawee

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8. Red clause L/C is the______which permits the seller getting the payment by presenting the clean draft before the shipment.

A. anticipatory L/C
B. defered payment L/C
C. reciprocal L/C
D. revolving L/C.

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9._______L/C is often used in processing on supplied materials or assembling on provided parts

A. Back to back
B. Deffered
C. Anticipatory
D. Reciprocal

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10. According to UCP 600, the confirming bank must negotiate and/orhonor________.

A. if the issuing bank agrees to negotiate and/or honor
B. if the applicant agrees to negotiate and/or honor
C. if it has received a complying presentation from the presenter
D. if the beneficiary has shipped the stipulated goods on time

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11. ______is compulsory.

A. International businesslaw
B. UCP600
C. international practice
D. Incoterms 2010

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7. In practice ,there are always four parties involed in L/C : the opening bank ,the advising bank,the applicant and the______.

A. principal B. beneficisary C. drawer D. drawee

8. Red clause L/C is the______which permits the seller getting the payment by presenting the clean draft before the shipment.

9._______L/C is often used in processing on supplied materials or assembling on provided parts

10. According to UCP 600, the confirming bank must negotiate and/orhonor________.

11. ______is compulsory.

A. principal
B. beneficisary
C. drawer
D. drawee