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:documents against acceptance B:documents against payment C:delivery after payment D:cash against payment
It is 2 a. m. You took too long over dinner, the coast is still a couple of hundred kilometers away and it is essential to get that early morning ferry. And your car radiator pipe bas split. At times like that, the documents making up your insurance kit lying in the front of your car seem useless. The nearest phone was passed three kilometers back, and it would be reasonable to expect some delay in getting breakdown assistance when you have finally phoned through.
If on the other hand, you’ve got a spare in the car, five minutes’ work should see you on your way again. The majority of breakdowns do involve minor and easily changed parts. A few basic tools and the right mix of spares are well worth the space they take up. But to sort out which ones are most likely to be needed, and to buy them, can be expensive.
That is why the motoring organizations have come up with rental kits. For about 50 pence a day (slightly more to non-members) they will supply a boxed range of spares for a given ear. On returning the kit the motorist pays for any that are used, plus a small fee for repacking. Deposits are about £20.
It is much better, however, to reduce the risk of breakdowns by seeing that your car is properly serviced before setting out. Particularly when driving at high speed over long distances in hot weather.
Finally, it makes sense to purchase a safety triangle and an emergency plastic windscreen before leaving. Make sure all your fellow travellers know where your documents are; give one a spare set of keys, and slip into the back of your wallet a large banknote for the emergencies where a credit card won’t do.
While on a motoring holiday abroad you might find yourself in difficulties because ______.
A:you have brought the wrong documents with you B:your ferry has just left without you C:the nearest phone is out of order D:a repair to your car might take some time
Passage Three
It is 2 a. m. You took too long over dinner, the coast is still a couple of hundred kilometers away and it is essential to get that early morning ferry. And your car radiator pipe has split. At times like that, the documents making up your insurance kit lying in the front of your car seem useless. The nearest phone was passed three kilometers back, and it would be reasonable to expect some delay in getting breakdown assistance when you have finally phoned through.
If on the other hand, you’ve got a spare in the car, five minutes’ work should see you on your way again. The majority of breakdowns do involve minor and easily changed parts. A few basic tools and the right mix of spares are well worth the space they take up. But to sort out which ones are mast likely to be needed, and to buy them, can be expensive.
That is why the motoring organizations have come up with rental kits. For about 50 pence a day ( slightly more to non-members)they will supply a boxed range of spares for a given car. On returning the kit the motorist pays for any that are used, plus a small fee for repacking. Deposits are about £ 20.
It is much better, however, to reduce the risk of breakdowns by seeing that your car is properly serviced before setting out. Particularly when driving at high speed over long distances in hot weather.
Finally, it makes sense to purchase a safety triangle and an emergency plastic windscreen before leaving. Make sure all your fellow travellers know where your documents are; give one a spare set of keys, and slip into the back of your wallet a large banknote for the emergencies where a credit card won’t do.
A:use a plastic windscreen B:give their traveling companions all their documents C:carry extra money for emergencies D:keep a spare set of keys
In international trade, redemption of documents under L/C operations means that ( ).
A:the beneficiary must pay the proceeds in order to get documents from the bank B:the applicant must pay the proceeds in order to get documents from the bank C:the beneficiary must tender the document to the bank in order to get the goods D:the applicant must tender the document to the bank in order to get the goods
Questions from 36 to 40 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.
The meaning of D/A is().A:documents against acceptance B:documents against payment C:delivery after payment D:cash against payment
The issuing bank’s decision as to whether or not to accept the documents will be based strictly on the principle that the()themselves must be in compliance with the terms and conditions of the credit, UCP600 and ISBP681.
A:sales contract B:documents C:goods D:services
Prior to the availability of enterprise EDM, locating a document over a LAN could be difficult, and over a WAN (1) nearly impossible. With the model for collaborative work spreading, and with more users sharing (2) documents through e-mail and the Internet, enterprise EDM had become a necessity.
Many businesses are finding their greatest competitive advantage is the ability to harness the document (3) lifecycle. EDM systems manage this lifecycle from creation, revision, storage and (4) retrieval to routing and workflow. They also allow users to work on documents collaboratively.
Reusability of information is EDM’s main benefit, as well as the key to creating the paradigms that drive business process (5) reengineering.
A:format B:documents C:text D:network
Prior to the availability of enterprise EDM, locating a document over a LAN could be difficult, and over a WAN () nearly impossible. With the model for collaborative work spreading, and with more users sharing () documents through e-mail and the Internet, enterprise EDM had become a necessity.
Many businesses are finding their greatest competitive advantage is the ability to harness the document () lifecycle. EDM systems manage this lifecycle from creation, revision, storage and () retrieval to routing and workflow. They also allow users to work on documents collaboratively.
Reusability of information is EDM’s main benefit, as well as the key to creating the paradigms that drive business process () reengineering.
A:format B:documents C:text D:network
Under what circumstances shall the Customs lift the seal affixed to the account books, documents and relevant data without delay
A:Falsifying relevant account books, documents where any possibility is detected of .transferring B:Upon clearance of a case C:Upon completion of collecting necessary evidence D:Both B and C
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