Part Three Writing
Section One(5%)
Directions: Read the following passage and fill in the blanks with its contents. Write your answers on the ANSWER SHEET.
As per the terms and conditions of the Contract No. 123, the payment is to be made by a docu mentary credit. Now, at the request of the importer, Mr. Houston & His Son, CITIBANK N.A. he reby issues a documentary credit No. 56789 in favor of China National Chemicals Imp. & Exp. Corp., 56 Dongnanmen street, Beijing, to the extent of USD 56,700.00 on May 23, 1997.
On June 1, 1997 the exporter shipped the relative goods and drew a draft on the issuing bank, asking him to pay the credit amount at 60 days after sight of the draft. Mr. Grace Peter, ma nager of the corporation, was authorized to sign the draft.
Bill of Exchange
No.123 ①Dated Exchange for ②
At ③ days after sight of this FIRST of Exchange (Second of exchange being unpaid)
Pay to the order of ④ The sum of ⑤
Drawn under L/C No. ⑥ dated ⑦ Issued by ⑧
value received and charged the same amount to
To ⑨
⑩
Section Two(5%)
Directions: Translate the following sentences into Chinese. Write your translation on the AN SWER SHEET.
1. I have another thing to trouble you. If we need Renminbi, is our sale of US dollars limit ed to you at your buying rate? I mean, can we sell them elsewhere at a higher price?
2. Drafts are usually valid for 6 months. This draft expires on Nov. 10. It is the first of
November. I’m not sure whether the draft can reach the paying bank at the maturity date.
3. Normally, the title to the goods does not pass to the buyer until the draft is paid or ac cepted by the buyer.
4. It is apparent that profits earned will not necessarily take the form of cash, they can b e used for investment in other assets or to reduce liabilities such as debts.
5. Traveller’s cheques are in fixed and round amount. So they are convient to be encashed. Section Three(10%)
Directions: Write a letter according to the following request. Write your answer on the ANSW ER SHEET.
请按信函格式以下列内容给美国纽约甲银行用英语写一封信。
1、 贵行第 1234 号信用证没有有效签名,请用电传确认其真实性,或者寄上正式签字的信用证来代替它。
2、 该证的装船期有效期颠倒,请更正。
3、如贵行签字人员有变动,请寄上贵行最新签字样本,以备存查。
Answers:
Part Two Reading
Section One
31. D 32. D 33. C 34. B 35. C 36. B 37. C 38. A 39. B 40. D Section Two
41.B 42. A 43. C 44. B 45. D 46. B 47. A 48. D 49. C 50. A Section Three
51. C 52. A 53. B 54. A 55. B 56. C 57. A 58. A 59. A 60. B Section Four
61. C 62. D 63. A 64. A 65. B 66. C 67. D 68. C 69. C 70. D
71. B 72. C 73. D 74. C 75. C 76. A 77. C 78. B 79. B 80. D
Part Three Writing
Section1
1. June 1, 1997
2. USD 56,700.00
3. 60days
4. China National Chemicals Imp.& Exp. Corp.
5. Say fifty six thousand , seven hundred US dollars only
6. 56789
7. May 23,1997
8. CITIBANK N. A.
9. Messrs Houston & His Son
10. China National Chemical Imp.& Exp. Corp. Grace Peter
Section 2
1. 还有一件事麻烦你,如果我们需要人民币,是不是只能按买价把美元卖给你们?(我的意思是我们是否可在别处以较高的价格出售?)
2. 汇票的有效期通常为 6 个月。这张汇票在 11 月 10 日到期。今天是 11 月 1 日,我不肯定汇票能否在到 期日前到达付款行。
3. 在买方支付或者承兑汇票之前,货物的产权通常尚未转移给买方。
4. 显而易见,获得的利润不一定以现金形式出现,因为它可能用来投资于其他资产或者减少诸如欠款等负 债。
5. 旅行支票的金额固定而且是整数,便于兑现。 Section 3
Bank of China Beijing Branch May 20,1998
Bank A New York U.S.A.
Dear sirs,
Your L/C No.1234
We have received your above L/C and observed that the credit is not signed by an authorized signatory. For the sake of precaution, please confirm to us by tested telex the authenticity of the credit as soon as possible, or please send us a duly signed instrument for replaceme nt.
It comes to our attention that the dates of shipment and expiration of the credit are inversely given to be August 30 and August 15 respectively. Please correct them.
If your authorized signatories have been changed, will you please send us your up-to-date sp ecimen signature book in order to complete our file.
Your cooperation will be appreciated. Yours faithfully,
Wang Tong
Manager
Bank of China
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