21.UCP600 is a code to standardize the conditions under which bankers are prepared to issue( ).
A.traveler’s cheque
B.documentary collection
C.bills of exchange
D.documentary credit
22.General average belongs to( ).
A.partial loss
B.actual total loss
C.constructive total loss
D.total loss
23.Unless otherwise stipulated in the credit, the minimum amount for which the insurance document must indicate the insurance cover to have been effected is the CIF value of the goods plus( ), but only when the CIF value can be determined from the documents on their face.
A.5%
B.10%
C.15%
D.20%
24.Your customer asks your bank to handle a collection outwards on his behalf. Your bank is( ).
A.the reimbursing bank
B.the negotiating bank
C.the remitting bank
D.the collecting bank
25.The risk to the exporter in open account trading is that by surrendering the shipping documents to the importer, he( )before he has obtained payment for them.
A.is in control of the goods
B.loses control of the goods
C.retains control of the goods
D.gives up control of the goods
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