The payment is made by an irrevocable（） letter of credit in 

A I’m afraid not. We insist on a letter of credit. ;

B No, I think the price is reasonable. ;

C I can’t be of any help in this respect.

听力原文：What is it called if a letter of credit is issued for guarantee of performance rather than payment?

(3)

A．Back-to-back credit.

B．Reciprocal credit.

C．Documentary credit.

D．Stand-by credit.

A、Charge card

B、Credit card

C、A and B only

D、Charge card

As far as the beneficiary is concerned the letter of credit which is available by ______ is the least favorable.

A．negotiation

B．acceptance

C．sight payment

D．deferred payment

The payment is made by an irrevocable()letter of credit in our favor.

A、 light

B、 bright

C、 sight

The terms of payment are important for both the seller and the buyer. For the seller, the best terms would be full payment ________. We’re flexible, adaptable and innovative. Everything we do is about your bu cash at the time of sale. But the buyer would prefer to have the goods before making payment. Importers and exporters are separated from each other by ________. We’re flexible, adaptable and innovative. Everything we do is about your bu?of miles. This adds to the difficulties of ________. We’re flexible, adaptable and innovative. Everything we do is about your bu an agreement of payment. However, exporters and importers usually meet each other half-way and agree to payment by a Letter of Credit. A letter of credit (L/C) is a banker’s guarantee that payment will be made, if all the required shipping documents are presented. * In this way, exporters receive a guarantee not only from importers, but also from a bank. * On ________. We’re flexible, adaptable and innovative. Everything we do is about your buhand, importers are given the guarantee that the bank will not make payment unless all the shipping documents are presented. Nevertheless, the exporter can further require an ________letter of credit. That means the guarantee of payment cannot be cancelled either by the opening bank or the importer.

听力原文：Our company will apply for a sight letter of credit for settlement instead of documentary collection.

(10)

A．Our company prefers an L/C to collection.

B．Our company will apply for documentary collection.

C．Our company will apply for either documentary collection or sight letter of credit according to your advice.

D．Our company will adopt neither documentary collection nor letter of credit.

What will a foreign seller do when he gets the letter of credit from the buyer?

A．He will draw a bill of exchange on the buyer's bank.

B．He will sell it and get money at once.

C．He will make payable on demand.

D．He will authorize the company to make the payment.

听力原文：If a letter of credit is issued irrevocably, it can't be canceled nor amended without permission.

(4)

A．Ａn irrevocable L/C can not be committed to amendment.

B．Ａn irrevocable L/C can not be cancelled without permission.

C．Ａn irrevocable L/C can not be cancelled or amended.

D．Neither cancellation nor amendment without permission can be made to the irrevocable L/Ｃ.

Which of the following payment terms eliminates the exchange risk, assuming the exporter invoices in foreign currency? ______.

A．Confirmed irrevocable documentary credit

B．Open account

C．Documentary collection D/A

D．None of the above