【正文】 ge and a promissory note? 3) Describe the types of remittance and their advantages and disadvantages.4) What is the difference between clean collection and documentary collection? 5) Describe the types of documentary collection. 6) What is L/C? Which type of L/C is monly used? 7) What is the relationship between the L/C and the sales contract? the right answer from each of the following.1) A draft is like a check that can be endorsed but it isn39。s point of view, the order of preference is ______.A. (4) , (2) , (3) , (1) B. (4) , (1) , (3) , (2)C. (4) , (3) , (1) , (2) D. (2) , (4) , (1) , (3)11) In terms of the risk for the exporter to get payment, the risk of the payment methods from the highest to the least is: A. L/C, D/P, D/A, and OA B. OA, D/A, D/P and L/C C. L/C, D/A, D/P and OA D. L/C, OA, D/A and D/P 12) Under _________, the importer borrows the shipping documents from the collecting bank and takes the goods. When the draft matures, he effects payment.A. D/P at sight B. D/P after sight C. D/A D. D/D13) According to UCP600, which of the following documents must be issued /drawn by the beneficiary unless otherwise stipulated by the Credit?A. draft B. B/L C. inspection certificate D. insurance policy14) If a buyer has goods delivered to him in installments at specified intervals, ________ is often used so as to simplify formalities and reduce expenses A. a backtoback L/C B. a revolving L/C C. a standby L/C D. a deferred payment L/C whether the following statements are true or false1) In export business, the exporter generally chooses soft currency and in import, he tries to use hard currency. ( ) 2) Most of the promissory notes in use today are issued by individuals rather than by banks. ( )3) A draft involves three parties: the drawer, the drawee and the payee. ( )4) The letter of credit is usually forwarded to the exporter by the importer. ( ) 5) Of the three types of remittance, T/T is most monly used because of the fast speed. ( )6) Remittance belongs to mercial credit while collection and letter of credit belong to banker’s credit. ( )7) A clean L/C is favoured by the importers in international trade, because if it is used, the importers run no risks. ( )8)The exporter will run more risks to adopt D/A at 30 days sight than D/P at 30 days after sight. ( ) 9) A standby L/C is different from a documentary L/C because under the documentary L/C, the issuing bank holds itself responsible for the payment of the goods, but under a standby L/C, the issuing bank holds itself responsible only after the applicant has not fulfilled its obligations. ( ) 10) In the context of international trade, the drawer and payer is usually the seller and the drawee and payee is usually the buyer.( )11) A check is always paid upon presentation. ( ) Chapter 71. Review and Discussion Questions.1) What are the fundamental principles of insurance?2) What are the major types of risks in marine cargo transport? 3) What’s the difference between General Average and Particular Average？4) What are the major types of basic risks coverage and additional risks coverage?5) Explain the scope of coverage of . and .?6) What is W/W Clause?7) What is the difference between the insurance policy and insurance certificate?8) How to choose the right insurance coverage？2. Choose the right answer from each of the following. 1) ________is defined as loss arising in the consequence of extraordinary and intentional sacrifice made, or expenses incurred, for the mon safety of the ship and cargo. A．Particular average B．General average C．Without average D．With average2）Which of the following risks is not covered by the All Risks coverage of marine cargo transport insurance_______. A. delay B. flood C. lightning D. heavy weather3）WPA is one of the ______. A. basic risks B. additional risks C. special additional risks D. general additional risks4）Which of the following risks is not covered by the AR coverage of marine cargo transport insurance? A. marine perils B. stranding C. pilferage D. inherent vice5) The insurer is not responsible for partial loss of or damage to cargo caused by natural calamities under the( )　 　C. All Risks Cargo Clauses (A) 6) In insurance, the party who insures others against possible loss or damage and promises to effect payment in case of loss or damage is called the _______ A. insured B. consignee C. insurer D. consignor7) The All Risks of marine cargo transport insurance covers risks of__________. A. war and strike B. general average C. inherent vice of goods D. stranding of ship8) Under the trade term CFR, the _______ must contract for the cargo transport insurance. A. buyer B. seller C. consignor D. carrier9) General perils refer to natural ________and fortuitous accidents. A. calamities B. damages C. losses D. franchises10) Which of the following insurance coverage does not cover total loss of to cargo caused by earthquake or lightning? ( )　A. WA　　C. Institute Cargo Clause(B)　D. Institute Cargo Clause(C)11)Which of the following risks are covered by the All Risks coverage of PICC Oce