8. Red clause L/C is the______which permits the seller getting the payment by presenting the clean draft before the shipment.
A. anticipatory L/C
B. defered payment L/C
C. reciprocal L/C
D. revolving L/C.
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9._______L/C is often used in processing on supplied materials or assembling on provided parts
A. Back to back
B. Deffered
C. Anticipatory
D. Reciprocal
10. According to UCP 600, the confirming bank must negotiate and/orhonor________.
A. if the issuing bank agrees to negotiate and/or honor
B. if the applicant agrees to negotiate and/or honor
C. if it has received a complying presentation from the presenter
D. if the beneficiary has shipped the stipulated goods on time
11. ______is compulsory.
A. International businesslaw
B. UCP600
C. international practice
D. Incoterms 2010
12. According to UCP 600, the issuing bank will refuse an______.
A. on boardB/L
B. order B/L
C. anti-dated B/L
D. unclean B/L
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