| 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. [简答题]The four types of documentary credit are payment credit, negotiation credit, acceptance credit and deferred payment credit respectively.
[多项选择]Confirmed documentary credit is one that contains the guarantee of payment to the beneficiary by the ( ).
A. buyer B. issuing bank C. confirming bank D. advising bank [简答题]State the parties involved in a documentary credit arrangement.
[单项选择]在MT 700 Issue of a Documentary Credit中，代号31D代表的是信用证的（ ）。
A. Description of Goods and/or Services B. Date and Place of Expiry C. Additional Conditions D. Date of Amendment [填空题]A—ambulance
B—credit card C—website D—catalogue E—on vacation F—metro G—download H—be clearly marked and priced I—network games J—traffic jams K—magazine cover L—house to let M—IT N—campus life O—sale discount ( )明码标价 ( )信息技术 [单项选择]
|
