《大学英语》课程作业习题（含答案）第七章练习

Exercise SevenI Explain following terms.1.commercialdraft2. usance draft3. clean draft4. T/T5.documentaryletterofcredit6. sight L/C7. standby L/CI.Completethefollowingcharts.1.Fill in the governing documents between these three parties.IssuingBank1.3.BeneficiaryApplicant2.General L/CFlowChart1.BuyerSeller5.3.AdvisingBankIssuing Bank7

Exercise Seven I. Explain following terms. 1. commercial draft 2. usance draft 3. clean draft 4. T/T 5. documentary letter of credit 6. sight L/C 7. standby L/C II. Complete the following charts. 1. Fill in the governing documents between these three parties. Issuing Bank 1. _ 2. _ Beneficiary 3. _ Applicant 2. General L/C Flow Chart 1. _ 5. _ 3. _ 7. _ Seller Buyer Advising Bank Issuing Bank 6. 4. 2. 8

3.DocumentaryCollection FlowChart1BuyerSeller2.7.Issuing BankAdvisingBank4.Il. Decide whether thefollowing statements are True of False.1. ()A draft is a conditional order to make payment.2. ()A banker's draft is drawn by a firm or a bank on another bank.3. ()Adocumentary draft is called“documentary"because certain documents must gotogether with this payment order.4. ()Acheck is special kind of draft: always paid upon presentation by a bank5. () Once you get a check, you will get the payment.6. () An L/C means no risk in payment to the seller.7. ()As beneficiary, if you are not satisfied with the L/Cyou have received,you can ask theissuing bank to make changes to the document.8.()IfUCP600isused,anL/Ccannotberevoked9. ()Indocumentarycollection,bankshavenoobligationtomakepaymentIV.Translate thefollowing sentences into English.1.如果你方能同意按即期信用证方式付款，我们即能达成交易。2.鉴于双方长期友好关系，此次我们例外接受D/P60天付款。3.瑞典一进口商要求我们按承兑交单方式运去一批试销产品。4.我们今日已通知我方银行电汇给你方全部金额，收到后请回信。5.你3月12日汇票已承兑，到期应照付。Keys to ExercisesI.1.A commercial draft isapayment order issued by afirm,not abank,directing another partytopay a specified sum to the payee.2.Ausance draft is an order of payment that will be made in a specified number of days after issueor acceptance of the draft or at afixed futuredate3. A clean draft is one that is paid without the presentation of any other documents attached

3. Documentary Collection Flow Chart 1. _ 2. _ 7. _ 4. _ III. Decide whether the following statements are True of False. 1. ( ) A draft is a conditional order to make payment. 2. ( ) A banker’s draft is drawn by a firm or a bank on another bank. 3. ( ) A documentary draft is called “documentary” because certain documents must go together with this payment order. 4. ( ) A check is special kind of draft: always paid upon presentation by a bank. 5. ( ) Once you get a check, you will get the payment. 6. ( ) An L/C means no risk in payment to the seller. 7. ( ) As beneficiary, if you are not satisfied with the L/C you have received, you can ask the issuing bank to make changes to the document. 8. ( ) If UCP 600 is used, an L/C cannot be revoked. 9. ( ) In documentary collection, banks have no obligation to make payment. IV. Translate the following sentences into English. 1. 如果你方能同意按即期信用证方式付款，我们即能达成交易。 2. 鉴于双方长期友好关系，此次我们例外接受 D/P60 天付款。 3. 瑞典一进口商要求我们按承兑交单方式运去一批试销产品。 4. 我们今日已通知我方银行电汇给你方全部金额，收到后请回信。 5. 你 3 月 12 日汇票已承兑，到期应照付。 Keys to Exercises I. 1. A commercial draft is a payment order issued by a firm, not a bank, directing another party to pay a specified sum to the payee. 2. A usance draft is an order of payment that will be made in a specified number of days after issue or acceptance of the draft or at a fixed future date. 3. A clean draft is one that is paid without the presentation of any other documents attached. Seller Buyer Advising Bank Issuing Bank 3. 8. 6. 5

4.T/T isamethodoftransferringfunds bytelecommunication system such as telexand cable5. Documentary letter of credit is a conditional bank undertaking or guarantee of payment.6. A sight L/C is one by which the beneficiary is paid upon presentation of complying documents.7. A standby L/C is an L/C representing an obligation by the issuing bank on a designed thirdparty (the beneficiary) which is contingent on the failure of the bank's customer to perform underthe terms ofa contract with the beneficiary.II.1.1) Terms ofL/C2)Terms of L/C application &agreement3)Sales Contract2. General L/C Flow Chart1)Agreement on L/C2) L/C Instruction3) L/C4) L/C Advice5) Shipment of Merchandise6) Payment Negotiation7)Documents/Reimbursement8) Payment /Documents3.DocumentaryCollectionFlowChart1)AgreementonCollection2)ShipmentofMerchandise3)Documents&Collection Instruction4)Documents&CollectionInstruction5) Document Presentation6)Payment or Acceptance7) Payment8) PaymentIII.1. F2.F36.F7.F9.T3.T4.T5.F8. T2IV.1.If youagreetopaybysight L/C, wemightcometo terms.2.In view of the long standing friendly relations we exceptionally accept D/P at 60 days sight.3.An importerfrom Sweden requests us to ship a parcel of shipment for trial on D/A terms.4.Today we informed our bank to send you all the amount by T/T. Upon receipt of which pleasereply.5.Your draft of March 12 has been accepted and will be honored at maturity

4. T/T is a method of transferring funds by telecommunication system such as telex and cable. 5. Documentary letter of credit is a conditional bank undertaking or guarantee of payment. 6. A sight L/C is one by which the beneficiary is paid upon presentation of complying documents. 7. A standby L/C is an L/C representing an obligation by the issuing bank on a designed third party (the beneficiary) which is contingent on the failure of the bank’s customer to perform under the terms of a contract with the beneficiary. II. 1. 1) Terms of L/C 2) Terms of L/C application & agreement 3) Sales Contract 2. General L/C Flow Chart 1) Agreement on L/C 2) L/C Instruction 3) L/C 4) L/C Advice 5) Shipment of Merchandise 6) Payment Negotiation 7) Documents / Reimbursement 8) Payment / Documents 3. Documentary Collection Flow Chart 1) Agreement on Collection 2) Shipment of Merchandise 3) Documents & Collection Instruction 4) Documents & Collection Instruction 5) Document Presentation 6) Payment or Acceptance 7) Payment 8) Payment III. 1. F 2. F 3. T 4. T 5. F 6. F 7. F 8. T 9. T IV. 1. If you agree to pay by sight L/C, we might come to terms. 2. In view of the long standing friendly relations we exceptionally accept D/P at 60 days sight. 3. An importer from Sweden requests us to ship a parcel of shipment for trial on D/A terms. 4. Today we informed our bank to send you all the amount by T/T. Upon receipt of which please reply. 5. Your draft of March 12 has been accepted and will be honored at maturity