Under D/P, all the documents, and usually title to the goods, are released to the buyer upon ______.A．his acceptance of the draft for payment at a specified later dateB．his payment of the amount specified under reserveC．his partial payment of the bill amo

听力原文：Under the general rules, once the documents are passed to the remitting bank by the drawer, the bank has an absolute right over the goods through the title documents.

(10)

A．Once the title documents are entrusted, the goods are at the disposal of the collecting bank.

B．The title documents enable the remitting bank to dispose the goods according to the instruction given in the collection order.

C．The title documents are usually issued by the drawee.

D．In spite of the possession of the title documents, the bank can not deal with the goods without the allowance of the drawer.

听力原文：M: What will happen if a draft is not presented for payment when due?

W: If this is the case, all the signatories on the bill will be discharged except the acceptor.

Q: What are the two people mainly talking about?

(18)

A．How to present the bill for payment.

B．The presentation of bills for payment.

C．The solution to the injured drawer.

D．The payment of the cheque.

Under the terms of 2/10 net 30, the buyer may:

A . deduct 10% of the invoice amount for payment within 30 days

B . deduct 2% of the invoice for payment within 10 days

C . incurs a penalty on 10% for payments more than 30 days late

D . settle the invoice with 2 equal payments; one within 10 days and the other within 30 days

E . None of the above

In the foreign exchange market, which is made up of banks' traders and brokers, prices (61) every minute (62) to supply and demand. For safety's sake, a branch will get a rate from their traders for a big transaction. Therefore the traders give their branches lists of exchange rates (63) they may buy and sell notes and payments in the main currencies.

Whenever a bank in Britain makes a payment in foreign currency, or makes a payment in sterling to a non-resident, the payment has first to (64) under British exchange control regulations. The bank itself can usually authorize the payment after seeing a document such as an invoice to show that the payment is due; but cases (65) borrowing and lending have to be referred to the Bank of England.

(46)

A．alter

B．vary

C．turn

D．convert

How can the seller receive immediate payment if the draft is made payable on a future date?

A．He can send the draft to the correspondent bank for immediate payment.

B．He can present it to the bank against which it is drawn for payment.

C．He can ask the buyer to pay the money.

D．He can discount the draft at his bank and get money immediately.

听力原文：W: Henry, I understand your invoice for US $ 1,000 is due for payment at the end of this month. Please allow me to defer payment until four weeks later.

M: That's all right. We won't press you for immediate payment. Send us your check later on when you have money.

Q: What does the woman ask for?

(12)

A．Immediate payment.

B．Deferred payment.

C．Invoice.

D．US $1,000.

These are four main methods of securing payment in international trade: (1) payment under documentary credit (2) open account (3) collection, that is document against payment or acceptance of a bill of exchange (4) payment in advance From an exporter'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)

79 Under the terms of 2/10 net 30, the buyer may:

A. deduct 10% of the invoice amount for payment within 30 days

B. deduct 2% of the invoice for payment within 10 days

C. incurs a penalty on 10% for payments more than 30 days late

D. settle the invoice with 2 equal payments; one within 10 days and the other within 30 days

E. None of the above

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.

Upon payment of the agreed sum, all of Buyer’s rights and obligations shall ().

A、animanate

B、illuminate

C、eliminate

D、terminate