【正文】 ection relates.(13) The authority of the “case of need” must be specified in the collection order. (14) It is unnecessary to carry out the collection order in the case of nonpayment. 6. Please choose the answers to each of the following questions.(1) When there is no account relationship between remitting bank and collecting bank, the collection instruction will be “please collect and remit the proceeds to X Bank for ( )our account with them under their SWIFT/airmail advice to us.” B. debit C. remit D. collect (2) The instructions for collection are mainly ( ). A. those in the contract B. written on the Bill of Exchange C. given by the importers D. given by the exporters(3) It will be more convenient if the collection bank appointed by the seller ( ). A. is a large bank B. is the remitting bank’s correspondent in the place of the importer C. is in the exporter’s country D. acts on the importer’s instructions(4) The operation of collection begins with ( ). A. the customer and the remitting bank B. the remitting bank and the collection bank C. the presenting bank and the drawee D. the collection bank and the presenting bank(5) Detailed instructions must be sent to the collecting bank ( ). A. in the application form B. in the collection order C. in the documents D. both A and B(6) The collection bank will make a protest only when ( ). A. the documents are rejected B. a case of need is nominated C. specific instructions concerning protest are given D. protective measures in respect of the goods are taken(7) If it is stated as D/P ,the documents can be released ( ). A. against payment B. against acceptance C. in either way D. against acceptance pour aval(8) ( )is the bank to which the principal has entrusting the collection. A. The remitting bank B. The collection bank C. The presenting bank D. Both A and B(9) ( ) must make his instructions to ( ) clear in his collection order. A. The remitting bank…the collecting bank B. The principal…the drawee C. The principal…the remitting bank D. The drawee…the collecting bank(10) If collection order states that partial payments are accepted, the presenting bank will ( ). A. only release the documents to the drawee after full payment has been received B. release the documents to the drawee after partial payment has been received C. refuse to accept the partial payment D. not release any documents to the drawee[(11) After the goods have been shipped, the exporters present the documents to ( ). A. the remitting bank B. the collecting bank C. the reimbursing bank D. the opening bank(12) The instructions for collection are mainly ( ). A. those in the contract B. written on the Bill of Exchange C. given by the importers D. given by the exporters(13) The remitting bank checks the documents received ( ). A. as a service to its clients B. to avoid unnecessary C. before sending them out D. all of the above (14) It will be more convenient if the collection bank appointed by the seller ( ). A. is a large bank B. is the remitting bank’s correspondent in the place of the importer C. is in the exporter’s country D. acts on the importer’s instructions(15) The mission charged by a third bank involved in the collection should be paid by ( ). A. the exporter B. the importer C. the correspondent bank D. the remitting bank(16) The operation of collection begins with ( ). A. the customer and the remitting bank B. the remitting bank and the collection bank C. the presenting bank and the drawee D. the collection bank and the presenting bank(17) Detailed instructions must be sent to the collecting bank ( ). A. in the application form B. in the collection order C. in the documents D. both A and B(18) Banks are obligated to verify the documents received to see that ( ). A. they are authentic B. they are regular C. they are those listed in the collection order D. they are in the right form(19) The collection bank will make a protest only when_____. A. the documents are rejected B. a case of need is nominated C. specific instructions concerning protest are given D. protective measures in respect of the goods are taken(20) If it is not stated as D/A or D/P, the documents can be released______. A. against payment B. against acceptance C. in either way D. against acceptance pour aval 7. Please answer the following questions.(1) With a documentary collection, however, the exporter is not certain, at the time of dispatch of the goods whether the buyer will actually make the full payment. What the cases that this form of settlement is most appropriate?(2) What is the procedures of documentary collection?(3) What is the documentary collection?(4) What dose a collection instruction include?(5) What duties does a Remitting Bank have in the collection business?(6) What will a Collecting bank do in case of dishonor by the drawee in the collection business?Chapter 7: Letter of Credit5. Please decide whether the following statements are true or false.(1) Each item in contracts in this arrangement is dependent of one another and is to control the relationship among the parties. ( )(2) As for the Issuing Bank, it offers its only credit instead of actual funds to the importer by issuing the Credit. ( ) (3) Issuing Bank will not be a first obligator