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Under the bond terms in international business, if the exporter fails to fulfill its obligations, the compensation should be paid by ______.
A．the importer's bank
B．the exporter's bank
C．the collecting bank
D．the negotiating bank
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更多 “ Under the bond terms in international business, if the exporter fails to fulfill its obligations, the compensation should be paid by ______.A．the importer's bankB．the exporter's bankC．the collecting bankD．the negotiating bank ” 相关考题
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These are four main methods of securing payment in international trade: (1) payment under documentary credit (2) open account (3) collection, that is document against payment or acceptance of a bill of exchange (4) payment in advance From an exporter's point of view, the order of preference is ______.A．(4), (2), (3), (1)B．(4), (1), (3), (2)C．(4), (3), (1), (2)D．(2), (4), (1), (3)
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Under a standby letter of credit, ______.A．evidences of the underlying transaction should be filed firstB．the applicant may be exempted from any liabilitiesC．the issuing bank has to pay the beneficiaryD．the issuing bank should pay when the applicant fails to fulfill his obligations
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听力原文：The bank has special obligation to depositors, because it makes profits from their money as well as its own.(4)A．The bank makes profits only from its own money.B．The bank makes profits from not only the deposits but also its own money.C．The bank has special obligation to make profits.D．The bank makes profits by having special obligations to depositors.
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听力原文： Banker's acceptances are a very old form. of commercial credit. They provide, in essence, a method whereby a bank may add its good name and reputation to bills of a borrower, thereby making the bills much more marketable than it would otherwise be. Specifically, the mechanics of the operation typically, work like the following. Suppose that an American exporter sells wheat to a German importer. The terms of the sale are that the German importer will pay for the wheat ninety days after it is shipped. For a variety of reasons, however, the American firm may want its money now, and not want to wait the ninety days. If so, it may issue a draft on its bank ordering the bank to pay a stipulated sum of money to the holder of the draft ninety days from now. Along with the draft, the American exporter will send the appropriate documents showing that the wheat has actually been shipped. When the bank receives the draft, together, with the documentation, it stamps "accepted" across the face of it.27. What are banker's acceptances?28.Who is the drawee of the draft mentioned in the passage?29.What should be attached to the draft when it is presented for acceptance?30.How does the bank accept the draft?(27)A．They are drafts issued by a bank on another bank.B．They are a very old form. of commercial credit.C．They are exchange bills discounted by customers.D．They are checks cashed through the ATMs.
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听力原文：A bank or insurance company issues a document to guarantee that exporter will supply the goods or services as the required standard.(4)A．A bank or insurance company issues an advance payment bond.B．A bank or insurance company issues a tender bond.C．A bank or insurance company issues a maintenance bond.D．A bank or insurance company issues a performance bond.
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听力原文：The encashing bank forwards the cheque to the drawer's bank for payment and reimbursement.(5)A．The paying bank sends the check to the remitting bank for repayment.B．The remitting bank sends the check to the paying bank for repayment.C．The collecting bank sends the check to the remitting bank for repayment.D．The remitting bank sends the check to the collecting bank for repayment.
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Under the documentary credit, which of the following is false?A．The buyer's bank will issue a documentary credit.B．The seller has his bank's undertaking to pay.C．If the seller presents the correct documents, he will be paid.D．A bank acts as an intermediary between the buyer and seller and is willing to provide trade.
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听力原文：If a remitting bank fails to take proper care in the outward collection, the exporter will soon transfer his account to one which does.(7)A．If a remitting bank cannot take proper care in collection, the exporter will do it himself.B．If a remitting bank cannot fulfill its obligation in collection, the exporter will claim indemnify for it.C．If a remitting bank cannot take proper care in collection, it will lose a customer.D．If a remitting bank cannot fulfill its obligation in collection, it will cause loss to the exporter.
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What is the safer and more normal method for the importer's bank to effect the settlement?A．To issue a banker's draft.B．To arrange for payment by mail transfer.C．To make the payment to its correspondent bank.D．To ask the importer to pay the money on his dollar account.
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Who is the "recipient" in the settlement?A．The correspondent bank.B．The British bank.C．The British importer.D．The American supplier.
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In open-account basis the importer and exporter have established a successful working relationship.A．RightB．WrongC．Doesn't say
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In foreign collection basis the importer and exporter trade upon their reputation.A．RightB．WrongC．Doesn't say
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Before a bank issues a bond for the exporter, the issuer and the applicant should have some kind of agreement in ______ form.A．verbalB．written.C．bondD．L/C
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Under the bond terms in international business, after the bank has paid the necessary compensation, it will make an entry to his customer's account on the ______ side.A．debitB．creditC．assetsD．liabilities
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A bank reconciliation should be prepared periodically because ( )A. the depositor's records and the bank's records are in agreementB. the bank has not recorded all of its transactionsC. any differences between the depositor's records and the bank's records should be determined, and any errors made by either party should be
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汉译英：“收货人；发货人；出口商”，正确的翻译为：（ ）。
A. consignor ； consignee ； exporter B. consignee ； consignor ； exporter
C. consignee ； consignor ； importer D. consignor ； consignee ； importer
考题
资料：Actually, any sale is a gift until you get paid. But exporters are especially concerned, since their buyers might be 10,000 miles away！
So, understanding the four basic ways to get paid for an international order is important. The method you select will affect the risk you bear, the size of orders you might be able to get, and the financing you might require to fill the order.
The following are the methods of payment for the exporter, from the most to the least secure:
Cash-in-advance. New exporters frequently request this method. Their attitude typically is, "I don't know you very well but, if you send me the money, I'll send you the goods."
●Advantage: The exporter gets paid before the shipment leaves the U.S. If cash is received prior to production, the exporter will not need additional working capital.
●Drawback: It limits the exporter's sales potential since it ties up the importer's cash; can be a very non-competitive payment method if other suppliers are offering similar products or services.
Letter-of-credit. Letters of credit （L/C） substitute the creditworthiness of the importer and exporter with that of their respective banks.
●Advantage: The exporter will be paid if the terms and conditions of the L/C are met.
●Drawback: There are fees associated with opening and amending L/Cs; the importer's cash is tied-up since cash or other assets need to collateralize the L/C, which in turn might reduce the order size. The exporter still might need additional working capital to produce the product or service, since L/Cs will not pay prior to shipment/performance.
Documentary collections. This method uses the banking system for the exporter to send the necessary documents associated with the order to the importer.
●Advantage: The documents and goods are not released until importer pays or agrees to pay at some future date. If the buyer refuses to accept the documents and goods, the exporter retains title to the goods and can sell them to a third party or bring them back to the U.S.
●Drawback: No guaranty of payment, since the banks only act as intermediaries. The exporter will need to finance the production cycle, the shipment time, plus a longer period if the importer agrees to pay at a later date, until final payment is received
Open account: Open account terms for international sales are similar to domestic open account sales. The buyer agrees to pay in a set number of days-typically 30, 60, or 90-from the invoice, shipment or delivery date.
●Advantage: More competitive terms which can help secure larger orders
●Drawback: The goods are gone and the buyer might not pay. This risk can be greatly reduced by obtaining credit insurance from the Export-Import Bank of the U.S. on the foreign accounts receivable.
Knowing the advantages and drawbacks to each method of payment can help to better prepare you for negotiating payment terms with your potential overseas customers. More detail and support on these and other trade financing issues can be obtained by contacting one of SBA's trade finance specialists in 20 U.S. Export Assistance Centers around the country.
What magazine column might the article be in?
A.Business
B.Economy
C.Social
D.Culture
考题
资料：Actually, any sale is a gift until you get paid. But exporters are especially concerned, since their buyers might be 10,000 miles away！
So, understanding the four basic ways to get paid for an international order is important. The method you select will affect the risk you bear, the size of orders you might be able to get, and the financing you might require to fill the order.
The following are the methods of payment for the exporter, from the most to the least secure:
Cash-in-advance. New exporters frequently request this method. Their attitude typically is, "I don't know you very well but, if you send me the money, I'll send you the goods."
●Advantage: The exporter gets paid before the shipment leaves the U.S. If cash is received prior to production, the exporter will not need additional working capital.
●Drawback: It limits the exporter's sales potential since it ties up the importer's cash; can be a very non-competitive payment method if other suppliers are offering similar products or services.
Letter-of-credit. Letters of credit （L/C） substitute the creditworthiness of the importer and exporter with that of their respective banks.
●Advantage: The exporter will be paid if the terms and conditions of the L/C are met.
●Drawback: There are fees associated with opening and amending L/Cs; the importer's cash is tied-up since cash or other assets need to collateralize the L/C, which in turn might reduce the order size. The exporter still might need additional working capital to produce the product or service, since L/Cs will not pay prior to shipment/performance.
Documentary collections. This method uses the banking system for the exporter to send the necessary documents associated with the order to the importer.
●Advantage: The documents and goods are not released until importer pays or agrees to pay at some future date. If the buyer refuses to accept the documents and goods, the exporter retains title to the goods and can sell them to a third party or bring them back to the U.S.
●Drawback: No guaranty of payment, since the banks only act as intermediaries. The exporter will need to finance the production cycle, the shipment time, plus a longer period if the importer agrees to pay at a later date, until final payment is received
Open account: Open account terms for international sales are similar to domestic open account sales. The buyer agrees to pay in a set number of days-typically 30, 60, or 90-from the invoice, shipment or delivery date.
●Advantage: More competitive terms which can help secure larger orders
●Drawback: The goods are gone and the buyer might not pay. This risk can be greatly reduced by obtaining credit insurance from the Export-Import Bank of the U.S. on the foreign accounts receivable.
Knowing the advantages and drawbacks to each method of payment can help to better prepare you for negotiating payment terms with your potential overseas customers. More detail and support on these and other trade financing issues can be obtained by contacting one of SBA's trade finance specialists in 20 U.S. Export Assistance Centers around the country.
What's the style of the article?A.Descriptive Composition
B.Expositive Composition
C.Narrative Composition
D.Argumentative Composition
考题
New Zealand is sometimes called the world‘s biggest farm.It is the world’s largest exporter of ( ) A.beef
B.lamb and mutton
C.wheat
D.corn
考题
If the instructions are D/P the importer’s bank will release the documents to the importer only against payment.A对B错
考题
Questions from 31 to 35 are based on the following passage:
The exporter, as drawer of a draft (bill of exchange), hands the draft to his bank, the remitting bank, who in turn forwards it to the buyer through a collecting bank in the buyer’s country. A draft (also called a bill) is a written order to a bank or a customer to pay someone on demand or at a fixed time in the future a certain sum of money. If shipping documents accompany the draft, the collection is called “documentary collection.”
Documentary collection falls into two major categories: one is documents against payment(D/P); the other, documents against acceptance (D/A).
Documents against payment, as the term suggests, is that the collecting bank will only give the shipping documents representing the title to the goods on the condition that the buyer makes payment.
Where the paying arrangement is D/A, the collecting bank will only give the buyer the shipping documents after buyer’s acceptance of the bill drawn on him, i.e. the buyer signs his name on the bill promising to pay the sum when it matures. In return he gets what he needs – the shipping documents.
Under D/A, the seller gives up the title to the goods – shipping documents before he gets payment of the goods. Therefore, an exporter must think twice before he accepts such paying arrangement.
In a transaction, if payment is made by collection, then the remitting bank is always located in（）A、Seller’s countryB、Buyer’s countryC、Either A or BD、None of the above
考题
If the instructions are D/P the importer’s bank will release the documents to the importer only against payment.
考题
Questions from 31 to 35 are based on the following passage:
The exporter, as drawer of a draft (bill of exchange), hands the draft to his bank, the remitting bank, who in turn forwards it to the buyer through a collecting bank in the buyer’s country. A draft (also called a bill) is a written order to a bank or a customer to pay someone on demand or at a fixed time in the future a certain sum of money. If shipping documents accompany the draft, the collection is called “documentary collection.”
Documentary collection falls into two major categories: one is documents against payment(D/P); the other, documents against acceptance (D/A).
Documents against payment, as the term suggests, is that the collecting bank will only give the shipping documents representing the title to the goods on the condition that the buyer makes payment.
Where the paying arrangement is D/A, the collecting bank will only give the buyer the shipping documents after buyer’s acceptance of the bill drawn on him, i.e. the buyer signs his name on the bill promising to pay the sum when it matures. In return he gets what he needs – the shipping documents.
Under D/A, the seller gives up the title to the goods – shipping documents before he gets payment of the goods. Therefore, an exporter must think twice before he accepts such paying arrangement.
Under D/P , the importer can obtain the goods only by（）.A、showing the bill of ladingB、signing on the bill of exchangeC、paying in cashD、paying or accepting the bill of exchange
考题
Questions from 31 to 35 are based on the following passage:
The exporter, as drawer of a draft (bill of exchange), hands the draft to his bank, the remitting bank, who in turn forwards it to the buyer through a collecting bank in the buyer’s country. A draft (also called a bill) is a written order to a bank or a customer to pay someone on demand or at a fixed time in the future a certain sum of money. If shipping documents accompany the draft, the collection is called “documentary collection.”
Documentary collection falls into two major categories: one is documents against payment(D/P); the other, documents against acceptance (D/A).
Documents against payment, as the term suggests, is that the collecting bank will only give the shipping documents representing the title to the goods on the condition that the buyer makes payment.
Where the paying arrangement is D/A, the collecting bank will only give the buyer the shipping documents after buyer’s acceptance of the bill drawn on him, i.e. the buyer signs his name on the bill promising to pay the sum when it matures. In return he gets what he needs – the shipping documents.
Under D/A, the seller gives up the title to the goods – shipping documents before he gets payment of the goods. Therefore, an exporter must think twice before he accepts such paying arrangement.
A draft can be described as followings except（）.A、a bill of exchangeB、a kind of shipping documentsC、a billD、a written paying order
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A reimbursing bank has received a valid claim under its reimbursement undertaking and is instructed by the issuing bank not to honour the claim. In accordance with the URR725, the reimbursing bank should: （）A、Reques tthe claiming bank to cancel the claimB、Instruct the claiming bank to contac tthe beneficiaryC、Honour the claim and debit the issuing bank’s accountD、Dishonour the claim as per the issuing bank’s instruction
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判断题If the instructions are D/P the importer’s bank will release the documents to the importer only against payment.A
对B
错
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问答题Practice 10 The U. S. Dollar is the currency most often used in international trade. If the currency of export sales is different from the currency of the exporting country, for example a Japanese exporter sells in U.S. Dollars, the exporter may encounter exchange risks-risks from fluctuations in exchange rates, for example between the U. S. Dollar and the Japanese Yen. In case of the Yen appreciation at the time of converting the U.S. Dollar to the Yen, the exporter will get less Yen per U.S. Dollar. Conversely, in case of the Yen devaluation the exporter will get more Yen per U.S. Dollar. Hence, in time of currency appreciation in the exporting country, it is important that the exporter ships the goods earlier, unless an earliest date for shipment is stipulated in the L/C or has been agreed upon between exporter and importer, and present the negotiating documents to the bank immediately. The exporter may contract with the bank to sell the U.S. Dollar forward in a so-called forward exchange, at a predetermined rate on an agreed future date, thus he/she will not be affected by the currency appreciation and will receive a fixed amount in his/her own currency at a future date.
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