| A Red Clause Documentary Credit is a
Documentary Credit with a special condition incorporated into it that authorizes
the Confirming Bank or any other Nominated Bank to make advances to the
Beneficiary before presentation of the documents. The clause is incorporated at the specific request of the Applicant, and the wording is de- pendent upon his requirements. The Red Clause Documentary Credit is so called because the clause was originally written in red ink to draw attention to the unique nature of this Documentary Credit. The clause specifies the amount of the advance authorized, which, in some in- stances, may be for the full amount of the Documentary Credit. The Red Clause Documentary Credit is often used as a method of providing the seller with funds prior to shipment. Therefore, it is of value to middlemen and dealers in areas of commerce A. It is a kind of Documentary Credit with a special condition incorporated into it that authorizes the Confirming Bank to make loans to the sellers prior to shipment. B. It is a Documentary Credit without recourse as a "Confirming Bank" to the Issuing Bank, which clearly did not request or authorizes the bank to "add its confirmation". C. It is a Documentary Credit with a special condition incorporate into it that authorizes the Confirming Bank or any other Nominated Bank to provide the Beneficiary with funds before presentation of the documents. D. It is a Documentary Credit that may provide for automatic reinstatement immediately upon presentation of the specified documents. [单项选择]A Red Clause Documentary Credit is a Documentary Credit with a special condition incorporated into it that authorizes the Confirming Bank or any other Nominated Bank to make advances to the Beneficiary before presentation of the documents.
The clause is incorporated at the specific request of the Applicant, and the wording is de- pendent upon his requirements. The Red Clause Documentary Credit is so called because the clause was originally written in red ink to draw attention to the unique nature of this Documentary Credit. The clause specifies the amount of the advance authorized, which, in some in- stances, may be for the full amount of the Documentary Credit. The Red Clause Documentary Credit is often used as a method of providing the seller with funds prior to shipment. Therefore, it is of value to middlemen and dealers in areas of commerce that require to a form of pre - financing and when a buyer would be willing to make special concessions of this nature. For exam [单项选择]英译汉：“documentary credit；documentary draft；duplicate”，正确的翻译为：( )。
A. 跟单汇票；跟单信用证；复本 B. 跟单信用证；跟单汇票；复本 C. 跟单信用证；复本；跟单汇票 D. 复本；跟单汇票；跟单信用证 [判断题]An irrevocable confirmed documentary credit is one that contains the guarantee of payment to the beneficiary by both the issuing bank and confirming bank so long as the terms as condition of the credit are met. ( )
[填空题]
The ABC Bank
Irrevocable documentary credit Number: LC123—258866 Date: August 24, 1999 Date and place of expiry: October 30, 1999 China Advising bank: Bank of China Beneficiary: China XYZ import and export corp. Applicant: UVW corporation. Amount: USD52, 500(Say U. S Dollars fifty two thousand five hundred only) We hereby issue irrevocable documentary credit which is available with: Any bank By negotiation of beneficiary’s drafts at sight For full invoice value Drawn on the ABC bank Partial shipments: Not allowed Transshipment: Not allowed Shipment from: Shanghai To: Tokyo Japan At the latest: October 15, 1999 Following documents required: +Signed commercial invoice in three copies +Full set of clean on board ocean bill of lading +Weight certificate in two copies Covering: 100 metric tons(5 我来回答: 提交
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