Otboof of &atm

Certified Documentary Credit Specialists (CDCS)

Mock Test-1

Length of examination 3 Hours

This mock test paper is a full sample of the type of questions you will encounter in the actual
test paper. This test represents the actual test and should take no longer than 3 hours to
complete.

Instructions to Candidates

1. Open this question paper, in-basket and simulation booklets when instructed to do
so.
2. Answer all questions.
3. Use the examination answer sheets provided for your answers. Please do not note
your answers in this booklet, as they will not be recorded.
4. Read the instructions on both sides of the answer sheet carefully.
5. Before you leave the examination room you must hand in all the examination
materials including the answer sheet, the question paper and the in-basket /
simulation booklets and have them checked by the invigilator. Failure to do so will
invalidate your entry.

Information for Candidates

1. This paper consists of two sections: Section A and Section B:

Section A consists of 60 multiple choice questions worth one mark each.
Section B consists of:
10 stand alone analysis questions worth one mark each;
3 in-basket exercises, 5 questions per in-basket, each question worth one
mark; and
3 simulation exercises worth a maximum of five marks each.
Accompanying this question paper is a booklet of supporting in-basket
documentation, referenced to each corresponding set of in-basket questions and a
booklet of three simulation exercises.
2. In the questions in both Section A and Section B you should assume that, unless
otherwise stated, there are no Bank Holidays, and Saturdays and Sundays are not
banking days and all transactions take place in the same year.
3. Unless otherwise stated, all credits referred to in this paper are irrevocable. UCP 600
applies throughout.
4. Basic silent desktop calculators with + - x / % and memory functions are allowed.
Scientific, programmable or calculators with any additional functions are not allowed.

A qualification jointly examined and awarded by the LIBF. Endorsed by the Internationnl Chamber of Commerce.
Queries 0171‘ 17 59 79, 01713 08 24 12
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Supporting CDCS and ICC Certifications

MOCK-1, SECTION A
1 Negotiation means
A. Rceipt & examination and forwarding of documents
B. Purchase of drafts and/or documents by advancing or agreeing to advance to beneficiary
C. Discounting of bills
NJ/Both B & C

2 Bangladesh Biman has entered into a contract with Saudi Airlines to lease an airplane for
05 years to carry hajj pilgrims. The lease payment is due every year and will be paid
DIRECTLY by Bangladesh Biman through their banker Sonali Bank.Which of the following credits
serves Saudi Airline's interests and protects them against the credit risk of Bangladesh Biman
A. Revolving credit
B. Instalment credit
Green clause letter of credit
Evergreen standby letter of credit

3 As a nominated bank, you wish to negotiate credit complaint documents from a beneficiary under
sight credit available by negotiation. Which of the following constitutes negotiation?
i. Make immediate payment to the beneficiary and send documents to the issuing bank
ii. Make payment to the beneficiary after receipt of funds from the issuing bank
iii. Agree to pay the beneficiary after 3 days(you expect to be paid after 5 days)
iv. Seek permission from issuing bank to negotiate the documents.

A. IV only
B. II and III
C. III only
and III

4 A credit issued by Bank A, available with bank B by payment included the expiry date as
04 Feb.The beneficiary couriered documents to Bank B on 31st Jan. However, on account of
a general strike, Bank B was unable to receive and process documents. The beneficiary then
re-routed the documents directly to Bank A which is received by them on 05-Feb.
Which of the following statements reflects Bank A's position?
A.,Atank A must pay
.\AI. Bank A is not obligated to pay
C. Bank A is not obligated to pay since the does were not presented through Bank B
D. Bank A should request the beneficiary to re-present documents to Bank B for payment

Is it correct to say "If the LC is available with any bank by def payment, an issuing bank is
authorizing all banks operating in any country to prepay or purchase issuing bank's def
r) payment undertaking"
A. YES
•\,BNO
C. Depends on beneficiary's request
D. Depends on issuing bank's acceptance

6 Your client presents documents under an LC, which states that shipment is to be effected in the
beginning of February. Which of the following shpt dates will be ACCEPTABLE?
7-Feb
11-Feb
C. 15-Feb
D. None of the above

7 LC calls for goods to be about $1,000,000.00, partial shpt not allowed, goods may be shipped for...
A. min $900,000.00 and max $1,050,000.00
B.,pin $900,000.00 and max $1,000,000.00
...Q( min $900,000.00 and max $1,100,000.00
D. min $940,000.00 and max $1,050,000.00

Query: 01712 175 979, 01713 082 412, Schooloftrade13@gmail.com 1/17

 Orboot of TErabe
Supporting CDCS and ICC Certifications

8 Credit favoring beneficiary in China requires certificate of origin to be issued by local chamber.
Goods are of Hong Kong origin. As per UCP600, which of the following parties can issue the CO.
. A. Chamber of Hong Kong only
B. Chamber of China only
\p/
C. Chamber of China or Hong Kong only
J?( Chamber of commerce of any country

9 As per UCP600 & ISBP745, shipping documents means

A. All transport documents
B. All transport documents & its associate certificates, if any
C. All documents except drafts
viel All documents except drafts and reports/receipts evidencing sending of documents

10 A credit under UCP600 does not state place of expiry. Where will it expire?
A. At the issuing bank's counter
B. At the place of availability
C. At the nominated bank's counter
v
e.. All of the above

11 A credit under UCP600 does not state the period for presentation. Within how many days the
presenter must present the documents that contain a certificate of posting as an evidence of shpt?
A. Within the expiry
B.,21 banking days
21 calendar days but within the expiry date
D. 21 business days not exceeding the expiry date

daf A Credit calls for '4 copies of invoice'. What is to be presented?

A. At least one original must be presented
B. At least one original must be presented & rest may be copies
.43
C.,At least one copy must be presented & rest may be originals
. None of them need to be original but all originals may also be presented

13 A bank is requested to confirm a credit but is not willing to do so, then it

A. has no alternative and must still confirm
B. must advice the credit without confirmation
yrn
Cay
. advice the credit without confirmation and may inform issuing bank
. may advice the credit without confirmation but must inform issuing bank

14 Credit states 'Shpt to be effected before the end of Sept but after the end of Aug'.
What is the shpt period?
A. 21 Aug - 30 Sep
01 Sep - 30 Sep
,k
. 01 Sep -20 Sep
D. None of the above

15 Credit states 'Shpt to be effected after the end of Sept until middle of Oct'.
What is the shpt period?
A.,21 Sep - 15 Oct
01 Oct - 20 Oct
C. 01 Oct - 15 Oct
D. All of the above

16 Credit states 'Shpt to be effected from the 2nd half of Sept till the middle of Oct.
What is the shopt period?
A. 21 Sept - 15 Oct
B. 16 Sept - 25 Oct
.,0 Sept- 15 Oct
. None of the above
.\;

Query: 01712 175 979, 01713 082 412, Schooloftrade13©gmail.com 2/17

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Supporting CDCS and ICC Certifications

17 A bank may impose a time limit to the BEN to accept an amendment and failure on BEN's part
to advice such acceptance will result in an automatic acceptance.
A. TRUE
j! FALSE

18 A cerdit can ONLY be available with the issuing bank by...

i Payment
ii Deferred Payment
iii Acceptance
iv Negotiation

A. I only
B. I & ii only
5/ I, ii & iii Only
D. All of the above

19 LC avlbl with Orange Bank, UK having 'Date & place of expiry: 02.10.13 USA' is actually avlbl with
A. Issuing bank
B.)ssuing bank & Orange bank, USA
'‘..V Issuing bank & Orange bank, UK
D. Any bank in USA, UK in addition to the issuing bank

20 A B/L bears the word "Clean on board" but the word "clean" has been deleted and this deletion has
been authenticated by the agent of the carrier. Does it make the B/L discrepant?
A. Yes
No

21 Which of the folowing clauses or notations would make a B/L claused or defective?
1 Packaging contains highly flammable material
2 Potentially explosive material
3 A number of oil drums are leaking
4 Refrigerated fruit, may spoil during voyage

A. 1 & 2 only
B. 2 & 3 only
C. 1 & 3 only
\X: 3 only

41 22 Issuing bank : Red Bank, GB

Date & Place of expiry : 2 Oct 13
Available with... by : Blue Bank, Keneya...by sight payment
Confirming bank : Green Bank, Australia

In order to make a complying presentation, the documents

A. must reach Blue Bank, Keneya by 2 Oct 13
B. must reach Red Bank, GB by 2 Oct 13
C.jmust reach Green Bank, Australia by 2 Oct 13
\?[. must reach either Blue Bank, Keneya or Red Bank, GB by 2 Oct 13 even if
presented to confirming bank Green Bank, Australia

23 Which of the following situations TRIGGERs Confirming bank's undertaking to reimburse

gi a nominated bank under a complying presentation
A. when nominated bank received the documents, checked & found complying
.,,
/ B. when nominated bank received the documents, checked, found complying & honored
. when nominated bank received the documents, checked, found complying, honored &
forwarded the docs to issuing bank
D. when nominated bank received the documents, checked, found complying, honored &
forwarded the docs to confirming bank
3/17
Query. 01712 175 979, 01713 082 412, Schooloftrade13@gmail.com
 gotboot of Mrabe
Supporting CDCS and ICC Certifications

24 Credit stating "Insurance Policy for 110% of invoice value" - means that insurance coverage must be
A. Exactly 100% of the invoice value
B. Less or equal to 110% of the invoice value
More or equal to 110% of the invoice value
Dy
. More or equal to 110% of the credit value

25 An LC expired on 22 Nov xxxx at nominated bank's counter which was Sunday. Nominated bank
having weekend on Sunday, received the does on 23 Nov XXXX Monday but forwarded the docs to
issuing bank only on Wednesday 25 Nov XXXX. What is a must on its forwarding schedule to
ensure issuing bank that docs were actually complying?
1 We enclose docs, which we have processed in accordance with the terms of the credit
2 We certify that docs are complied with the terms and conditions of the credit
3 We certify that docs were received within the LC expiry date
4 We certify that docs are complied as per Art 29(a)

A. 1 only B. 2 or 3 only 4/2 or 3 or 4 only D. 1 or 4 only

LC Value USD10,000.00 for Qty 100 Kgs sugar and partial shpt not allowed.
Which of the following presentations are acceptable?
A. Invoice showing 100 Kilos for USD9,000.00
‘/11. Invoice showing 95 Kgs for USD9,800,00
C. Invoice showing 90 Kilograms for USD9,500.00
D. Invoice showing 105 Kos for USD10,500.00

27 LC issued for 100 MT rice amounting $10,000.00. Which of the following invoices are acceptable
A. First 1 MT for $9,900.00 & then 94 MT for $50.00 •
B. First 99 MT for $9,900.00 & then 1 MT for $50.00
C.first 1 MT for $9,999.00 & then 98 MT for $1.00 •
.G! All of the above

6) 28 LC issued for 100 MT rice amounting $10,000.00, part shpt allowed. Which ones are acceptable?
A. First 1 MT for $9,900.00 & then 94 MT for $50.00
B. First 99 MT for $9,900.00 & then 1 MT for $50.00
C./girst 1 MT for $9,999.00 & then 98 MT for $1.00
4. All of the above

29 LC Qty 100 MT amounting $10,000.00, part shpt not allowed. This combination does NOT mean
A.Aty 95 to 100 MT, claim amount between $9,500 to $10,000.00
Qty 95 MT, claim amount never exceeding $9,500.00
C. Qty 100 MT, claim amount not below $9,500.00
D. Qty 95 MT, claim amount not exceeding $10,000.00 •

6,30 LC prohibits Partial shpt and 2 sets of BL presented with the same presentation
1st set 2nd set
Port of loading: Mumbai Port of loading: Chennai
Port of Discharge: Chittagong Port of Discharge: Chittagong
Vessel: Eagle strength Vessel: Eagle strength
Shipped on board: 25 Apr XXXX Shipped on board: 27 Apr XXXX

Is partial shpt effected?

A.yes
NK. No
X
44(31 A DC for $1000,000.00 calls for shpt in Jan, Feb, Mar & Apr each weighing for about 500 MT.
Shpt was effected as follows:
1 475 MT on 25th Jan for $300,000.00 & docs presented on 10 Feb
2 545 MT on 28 Feb for $200,000.00 & docs presented on 01 Mar
3 550 MT on 03 Mar for $250,000.00 & docs presented on 25 Mar
4 450 MT on 30 Mar for $300,000.00 & docs presented on 03 Apr

Query: 01712 175 979, 01713 082 412, Schooloftrade13@gmail.com 4/17

 OtbooI of Mrabe
Supporting CDCS and ICC Certifications

Which of the above shpts will be honored?

& 2 Only
B. 1, 2 & 3 Only
C. 1, 2 & 4 Only
D. 1, 2, 3 & 4

32 From which of the following parties can the advising bank claim it's charges if cannot
be collected due to beneficiary's factory lay off when LC stated 'charges for beneficiary's a/c?
.(Issuing bank
B. Applicant
C. Negotiating bank
D. None of the above

33 First beneficiary of an irrevocable transferable LC available with advising bank for USD10,000.00 has
requested to partially transfer to Two 2nd beneficiaries as follows:
2nd Beneficiary A: USD5,000.00 2nd Beneficiary B: USD3,000.00
What is the minimum % of insurance cover to be mentioned in each transfer?
A. 220% for 2nd beneficiary A and 366% for 2nd beneficiary B
B.)10% for 2nd beneficiary A and 110% for 2nd beneficiary B
(-) •\,e 137.5% for 2nd beneficiary A and 137.5% for 2nd beneficiary B
D. None of the above

34 A transferable LC for USD10,000.00 (Grade A $6,000.00 and Grade B $4,000.00) requires 120%
insurance coverage.First beneficiary requested to transfer as below:
2nd Beneficiary A for Grade A: USD5,000.00 2nd Beneficiary B for Grade B: USD3,000.00
What is the minimum % of insurance cover to be mentioned in each transfer?
A. 220% for 2nd beneficiary A and 266% for 2nd beneficiary B
B. 264% for 2nd beneficiary A and 293.33% for 2nd beneficiary B
\p/144% for 2nd beneficiary A and 160% for 2nd beneficiary B
D. None of the above

35 A presentation under a DC for $500,000.00 consists of an invoice which shows

Total merchandise value $1,000,000.00
Less advance payment $500,000.00
Net invoice amount $ 500,000.00

According to UCP600 what is the minimum insurance cover

A. $500,000.00
B. $550,000.00
C. $1,000,000.00
V$1,100,000.00

36 A credit under UCP600 is amended to be subject to eUCP without stating version, what is applied?
A. Version in effect on the date on which the amendment is issued
B. Version in effect on the date on which the amendment is advised to the beneficiary
C. yeSon in effect on the date on which beneficiary received the amendment
D Version in effect on the date of amendment of which beneficiary accepts the amendment

37 Which of the following is FALSE

A. Credit subject to eUCP is also subject to UCP without express reference to it.
B. e CP's provision prevails only when it produces a different result from the application of UCP
When an eUCP credit alows beneficiary to choose between presentation of paper docs or
electronic record and it chooses to present only electronic record, eUCP alone shall apply
D. When an eUCP credit alows beneficiary to choose between presentation of paper docs or
electronic record and it chooses to present only paper documents, UCP alone shall apply

Query: 01712 175 979, 01713 082 412, Schooloftrade13@gmail.com 5/17

 ifnboof of Irbe
Supporting CDCS and ICC Certifications

38 An eUCP credit is also made subject to URR725. The reimbursement claim...

67/ A. must be made in paper if only paper docs required by the eUCP credit
B. must be made in teletransmission if only electronic records required by the eUCP credit
\ C. ay be made in paper or teletransmission if both are allowed by the eUCP credit
. may be made in paper or teletransmission whichever media is alowed by the eUCP credit

39 A credit received by Cash Bank & found that ATM bank is named as 'Advise Through' bank.
What should be understood from it?
A. Cash Bank is the advising bank
B. ATM Bank is the Second Advising bank
C.ash Bank should send the credit to ATM Bank to finally advise the LC to Beneficiary
Np! All of the above

40 All of the following INCOTERMS is specially applied for sea and inland waterway transport except

A. CIF
B.FR
CPT
D. FOB
41 Which of the following is NOT false
1 An advising bank can refuse to advise an amendment after advising the original credit
2 A second advising bank can refuse to advise a credit
3 A nominated bank may or may not honor or negotiate

A. 1 & 2
B. 2 & 3
C. 3 & 1
\71, 2 & 3

6) 42 Which of the following situation connpells confirming bank to negotiate, without recourse
/ A. Credit available by acceptance with a nominated bank which is also the confirming bank
B. Credit available by sight payment with a nominated bank which is also the confirming bank
C. redit available by negotiation with a nominated bank which is not the confirming bank
. Credit available by negotiation with any bank but docs directly presented to confirming bank

43 An importer wants to import computer accessories requiring a delivery note. Which of the following
incoterms suits the requirement
A. DAT
B. FAS
C F
FCA

44 Buyer is aware that it will not be able to observe export licensing formalities. Which of the following
incoterms he should not choose
A. FOB

EXW
D. DAT

45 Who is at risk once the goods are shipped under FAS

A. Seller
','Buyer
C. Both
D. None

46 Which of the following is TRUE

A. B/L showing carrier name on top but does not indicate carrier - acceptable •
B. B/L showing charter party acceptable when credit does not prohibit charter party B/L •
Non nego Seaway bill showing Address & Tele numbers of applicant must match with the credit
if under notify party 0
D. Signing by master or it's agent on a B/L, Master's name is always required
Query: 01712 175 979, 01713 082 412, Schooloftrade13@gmail.com 6/17
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Supporting CDCS and ICC Certifications

,57 47 Which of the following is NOT TRUE

A. Credit stipulates 'Insurance covering all risks' & insurance policy shows 'All risks excluding
war risks' acceptable
B. It is discrepant under a credit of 100 pcs amounting $1,000 with part shpt allowed, if the 1st
shpt is made for 60 pcs for $650 and the 2nd one for 40 Pcs for $200 A
\p(Partial shpt is effected when the same vessel having same port of loading and same port of
discharge under 5 sets of charter party B/Ls having different shpt dates with different qty
D. A credit silent on transshipment means transshipment is allowed

48 A confirmed transferable credit is freely negotiable with any bank. The credit may be transferred by
A. Any Bank
B. Advising Bank only
onfirming Bank only
y . None of the above

49 Each of the following is TRUE except

A. For negotiation to occur under a DC, draft is not always a must
B. One can issue a revocable credit under UCP600
C. A credit is workable if it is available with the issuing bank by negotiation
V In a confirmed credit, confirming bank must negotiate even if drafts are drawn on itself

50 All of the following is TRUE except

A. Issuing bank nominated a bank in a country means that all branches in the same country
holds the same right.

vBA. fter confirming the original credit, confirming bank may remain silent on LC amendment.
. A pre-advice of a credit falls under the definition of Cridit under Art 2 ,
D. A credit available with issuing bank by def payment means no other bank will be able to prepay -

/02 51 Amendment: Partial shpt allowed, credit amount increased to USD200,000.00 & Quantity 100MT
Original credit: Partial shpt NOT allowed, credit amount USD100,000.00 but states no quantity
What are the discrepancies if beneficiary rejects the amendment and presents docs
covering shipment of 110 MT for $94,000.00
1 Over shpt
2 Credit overdrawn
3 Short Shpt
4 Credit underdrawn

•\/-(3 & 4 only B. 1 & 2 only C. 1 & 4 only D. 2 & 3 only

(75 52 Each of the following is FALSE except

A. Stale docs must be made acceptable in a credit where presentation period is 30 days after shpt
B. Latest shpt date 10 Sept, expiry 30 Dec, period for presentation 10 days - means beneficiary
can present docs on or before 30 Dec whenever the Shpt is made
\e"Beneficiary must send a set of docs to applicant"- is a non documentary condition
D. An FCR may show 'freight prepaid' even when the credit calls for a BL with Freight Collect

5" 53 A credit issued by SWIFT MT700 states

Place of receipt Shanghai, China
Port of Loading
Port of Discharge Hong Kong
In field 46A, it says "3/3 clean on board bill of lading made out to order ...."
When the docs presented, the bill of lading shows:
Place of receipt
Port of Loading Shanghai, China
Port of Discharge Hong Kong
Is he bill of lading acceptable?

..
?
\i . Yes B. No

Query: 01712 175 979, 01713 082 412, Schoolottrade13@gmail.com 7/17

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Supporting CDCS and ICC Certifications

65 54 Which of the following is TRUE

A. Reimbursement Authorization is always irrevocable
B. Pre-debit notification to issuing bank is a must before honoring any reimbursement claim
1Pre-notification of a reimbursement claim to issuing bank must be included in the credit and
not in the reimbursement authorization
D. A Reimbursement undertaking is not operative unless accepted by claiming bank

55 In a Reimburrsement Authorization there is no claiming bank. DC was sent from BD to China but
bank S from SIN claimed under the RA and was honored. Issuing bank demanded the refund with
LIBOR interest from Reimbursing bank as the bank in SIN is not the beneficiary's bank.
Which of the following statement is correct?
A. Reeimbursing bank must refund
NAr. Reeimbursing bank is authorised to honor the claim of noted bank S
C. Either A or B
D. None of them

* ),14 According to UCP600 Art 13 Bank-to-Bank reimbursement, a reimbursing bank's charges are for
the account of the issuing bank. However, if the charges are for the account of the beneficiary, it
AS/ is the responsibility of the issuing bank to so indicate in the
1 Credit
2 Reimbursement Authorization
3 Reimbursement Undertaking
4 All of the above

A. 1 only B. 2 only \SZ1 & 2 only D. 4 only

57 Each of the following is FALSE except

A. An expiry date for reimbursement claim in a reimbursement authorization can be disregarded
B. Reimbursing bank is bound by the terms of credit if any reference to it is included in the RA
veExcept provided by the terms of it's RU, reimbursing bank is not obligated to honor a claim
D. Issuing bank can send multiple RA under 1 teletransmission but not by a letter

k0
58 Which of the following is FAL,
ST.,-•• —
An issuing bank must not require a sight draft to be drawn on the reimbursing bank
B. Reimbursing bank acts on the instruction & under the authority of the issuing bank
C. Reimbursing bank's charges are for the account of the issuing bank even if no claim is lodged
D. RA must only be issued by authenticated teletransmissions or simply by signed letters

59 A pre-debit notifification to the issuing bank

1 must be indicated in the credit
-V
2 must be indicated in the RA
3 may be indicated in the credit
4 may be indicated in the RA
0.-r` \ kX
A. 1 Only
B. 2 Only
,e'1 & 4 Only ore'2
D. 2 & 3 Only vsN't
60 A pre-notifification to the issuing bank
1 must be indicated in the credit
2 must be indicated in the RA
3 may not be indicated in the credit
4 may be indicated in the RA

%.A(1 Only
B. 2 Only
C. 1 & 4 Only
D. 2 & 3 Only

Query: 01712 175 979, 01713 082 412, Schooloftrade13©gmail.com 8/17

 Otboof of Mrabe
Supporting CDCS and ICC Certifications

MOCK-1, SECTION B
10 Stand alone questions (61-70)

61 A documentary credit is issued for USD 300,000 covering 300 TV sets CIF New York, partial
shipments allowed available by negotiation with Bank N. The credit is amended to USD 280,000
covering 350 TV sets FOB Hong Kong. Documents are subsequently presented direct to the
issuing bank by the beneficiary for USD 280,000 covering shipment of 280 TV sets CIF New York.
No other correspondence has been received from the beneficiary or from Bank N.
What action should the issuing bank take?
vi-C Pay USD 280,000.
B. Contact the applicant requesting their instructions. e
C. Return the documents to the beneficiary requesting presentation through Bank N. •
D. Send a notice of rejection indicating discrepancy: 1.Goods under-shipped; 2. Documents
indicate CIF New York instead of FOB New York.

62 An issuing bank amends a documentary credit from USD 100,000 to USD 80,000 stating the
amendment will come into effect within 10 calendar days after its issuance.
Which of the following statements are correct?
ra)
1 The credit value remains at USD 100,000 until the amendment has been accepted by the
beneficiary
2 The credit value reduces to USD 80,000 on presentation of complying documents for that
value
3 The credit value reduces to USD 80,000 10 calendar days after issue of the amendment.
4 The credit value reduces to USD 80,000 unless the beneficiary rejects the amendment
within the stipulated 10 calendar days.

.1r1 and 2 only

B. 1 and 4 only
C. 2 and 3 only
D. 3 and 4 only

63 A documentary credit for USD 150,000 calls for a full set of bills of lading and an insurance
certificate to cover all risks. The bill of lading presented indicates an on board date of 15 December.
Which of the following insurance documents are acceptable?

1 Policy for USD 185,000.

2 Certificate dated 17 December.
3 Declaration signed by a broker.
4 Certificate subject to a franchise.

A. 1 and 2 only
Vie1 and 4 only
C. 2 and 3 only
D. 3 and 4 only
Issuing bank received presentation on LC expiry date 04 June consisting of 3 sets of B/L with below
notations. The DC states Latest shipment date is 25 May, presentation period 10 days and
partial & transshipment allowed.
issue date
BL1 24-May with 'On board 20 May vessel Tajmahal'
BL2 27-May with 'Laden on Board 25 May vessel Nurjhan'
BL3 25-May with 'name of vessel' field completed by 'MV lqbal'

Which of the following discrepancies issuing bank should state to refuse payment
A. Late shipment
B. Partial shipment
\A<Late presentation
D. None of the above
Query: 01712 175 979, 01713 082 412, Schooloftrade13@gmailcom 9/17
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Supporting CDCS and ICC Certifications

65 A documentary credit is issued forapproximately GBP 40,000 with drafts at 30 days from date
of shipment. Documents are presented on 22 September with bills of lading dated 01 September.
Which of the following drafts would comply?

1 30 days from 01 September for approximately GBP 40,000/

2 30 days from date of shipment for GBP 38,000.
3 Due 01 October for GBP 42,000.
4 30 days from bill of lading date 01 September for GBP 44,000/

A. 1 and 2 only
B. 1 and 4 only
C. 2 and 3 only
4/3 and 4 only

66 On 03 January an irrevocable documentary credit for USD 500,000 is confirmed. On 17 January

the confirming bank receives an amendment cancelling the documentary credit which it advises
to the beneficiary. As at 18 January, what is the liability of each bank?

A. Issuing and confirming bank - USD 0.

„p4ssuing and confirming bank USD - 500,000.
C. Issuing bank - USD 0 Confirming bank - USD 500,000.
D. Issuing bank - USD 500,000 Confirming bank - USD 0.

67 Which of the following can be combined under a credit available with and requiring a draft drawn
on an issuing bank?

1 Payment
2 Deferred payment
3 Acceptance
4 Negotiation

A. 1 and 2 only
.,./1<-1 and 3 only
C. 2 and 3 only
D. 3 and 4 only

68 Bank A issued a irrevocable documentary credit with the following terms:

Amount — USD 1,000, 000.00
Goods — Tuna -2000 Cartons of 100 Kgs each.
Partial shipment not allowed
About 50% of the L/C value can be drawn by the beneficiary prior to shipment by presenting a draft
& a declaration that they will ship the goods within stipulated time
Remaining upon presentation of shipping documents

Which of the following presentations by the beneficiary are acceptable?

1 1st drawing — for $ 450,000 on presentation of draft and declaration as per L/C term
2nd drawing — for $ 500,000 on presentation of docs against 1900 cartons of 100 Kg each
2 1st drawing — for $ 950,000 on presentation of docs against 2000 cartons of 100 Kg each,"
3 1st drawing — for $500,000 on presentation of draft and declaration as per L/C term
2nd drawing — for $450,000 on presentation of docs against 2000 cartons of 95 Kg each
4 1st drawing — for $525,000 on presentation of draft and declaration as per L/C term
2nd drawing — for $425,000 on presentation of docs against 2000 cartons of 100 Kg each se

A. 1 and 2 only
B. 1 and 4 only
.,y.
C( 2 and 3 only
. 2 and 4 only

Query: 01712 175 979, 01713 082 412, Schooloftrade13©gmail.com 10/17

 Stboof of TErabe
Supporting CDCS and ICC Certifications
69 Bank I receives documents on 7th March under a L/C it has issued & found the docs discrepant.
Which of the following refusal notice is valid assuming 7th March is Tue & sat/sun non banking day

A. A message sent on 14 March by tele-transmission stating We received your documents

presented under our L/C. However we refuse to pay as the documents are discrepant.
Meanwhile we are holding documents at your disposal"
B. A message sent on 16th March by tele-transmission stating "We refuse your presentation
as the documents contain the following discrepancies — Late Shipment, partial shipment.
e are returning the documents to by courier"
C A message sent on 9th March through tele-transmission stating "We refuse payment
as the documents contain the discrepancy late shipment. We are acting as per your
instructions received."
D. A message sent on 17th March through tele-transmission stating "We refuse payment
as the documents contain the discrepancy late shipment. We are holding documents at
your risk and disposal"

tg, 70 Extract from an invoice under a DC for GBP100,000.00:

1000 pairs of shoes as per PO No.123 GBP60,000.00
(Less) 10% Already paid GBP 6,000.00
Total Invoice Value GBP54,000.00

If the credit requires an insurance certificate, which of the following presentations is ACCEPTABLE?
A. An insurance certificate for GBP 110,000 covering shipment of shoes and sandals and socks
B,An insurance certificate for GBP 59,400 covering shipment of shoes
\g'. An insurance policy for GBP 66,000 covering shipment of goods as per PO No. 7
D. All of the above are acceptable

Query: 01712 175 979, 01713 082 412, Schooloftrade13@gmail.com 11/17

 Otboof of Vabe
Supporting CDCS and ICC Certifications

MOCK-1, SECTION B
15 In-basket questions (71-85)

For questions 71-75 pis refer to in-basket 1

71 Which of the following statements is correct?

A. Availability is consistent with the role of a confirming bank
B. The confirmation commission is on a/c of the beneficiary I-
C. DC amount is subject to a 10% tolerance *
D. An original certificate of origin must be presented

72 Which of the following statements are correct

1 The confirming bank is able to determine the maturity date
2 Required docs do not conflict with the delivery terms
3 Condition of beneficiary's certificate require clarification
4 Bill of lading is not the appropriate document

A. 1 and 3 only
B. 1 and 4 only
C. 2 and 3 only
D. 2 and 4 only

4 73 Which of the following statements are correct?

1 Description of goods quantity is consistent with the DC amount
2 Issuing bank needs to send a mail confirmation of the DC •
3 Drawee requirement is inconsistent with the role of a confirming bank
4 The period for presentation of docs require clarification

A. l and 2 only'
B. 1 and 4 only .
C. 2 and 3 only.
D. 3 and 4 only

17 74 Which of the following statements relating to insurance requirements, as specified, are correct?
1 An Insurance certificate would be acceptable in lieu of Insurance policy
r2 An insurance doc stating certain risks are excluded will be acceptable
3 Insurance doc will need to show claims, if any, payable in brazillian currency ('
4 Insurance cover of minimum 110% of invoice value would be acceptable

A. 1 and 3 only
B. 1 and 4 only
C. 2 and 3 only
D. 2 and 4 only

75 Which of the 'additional conditions' are deemed to be non-documentary?

1 Beneficiary must provide applicant with details of shipment •
2 Shipment must be made on a vessel named Butterfly.
3 Goods must be inspected by the applicant prior to shpt
4 Goods must be of indian or chinese origin •

A. 1 and 2 only
B. 1 and 3 only
C. 2 and 4 only
D. 3 and 4 only

Query: 01712 175 97e r1713 082 412, Schooloftrade13@gmail.com 12/17

 brboof of Train
Supporting CDCS and ICC Certifications

For questions 76-80 pis refer to in-basket 2

76 Which of the following statements is correct?

A. Transhipment is allowed 'ic•
B. The certificate of analysis must be signed
C. Three copies of certificate of origin can be presented "`•
D. An Insurance certificate would be acceptable in lieu of Insurance policy

77 Which of the following statements are correct

1 Docs can be presented 21 days after the latest shpt date A-
2 An insurance doc stating certain risks are excluded may be acceptable 0-
3 The beneficiary must present a draft 4-
4 An insurance doc may contain a ref to deductions indicating franchise or deductible

A. 1 and 2 only
B. 2 and 3 only
C. 2 and 4 only
D. 3 and 4 only

78 Which of the following statements relating to the transport docs are NOT correct?
1 The transport doc must be endorsed by the shipper
2 The transport doc may indicate that it is subject to a charter party •
3 The transport doc may be titled other than 'ocean bill of lading'
4 The transport doc does not entitle the applicant to control the goods

A. 1 and 3 only
B. 2 and 3 only
C. 2 and 4 only
D. 3 and 4 only

79 Which of the following statements is correct

A. The transferring bank may Any bank in Australia ,t
B. A full set of transport documents must be presented.'-
C. The certificate of origin may be issued by the shipper.
D. An insurance document must be endorsed by the applicant.

80 Which of the following statements are NOT correct?

1 Stipulated documents comply with the price and delivery terms.
2 The commercial invoice must include one original?,
3 The amount is subject to a 5% tolerance. oc
4 The certificate of origin may be issued by the beneficiary,

A. 1 and 2 only
B. 1 and 3 only
C. 2 and 3 only
D. 3 and 4 only

Query: 01712 175 979, 01713 082 412, Schooloftrade13(11gmailcom 13/17

 &died of Crabe
Supporting CDCS and ICC Certifications

For questions 81-85 pis refer to in-basket 3

81 Which of the following statements is correct?

A. The standby is revolving
B. The standby is transferrable A
C. The standby is evergreen
D. The standby is non documentary

82 Which of the following statements are correct

A. An amount of USD40,000.00 may be drawn under the credit +
B. Partial drawings & multiple drawings under additional conditions are conflicting
C. Any drawing must not be less than USD55,000.00
D. Any amount of drawing may be honored on first presentation not exceeding USD50,000.00

83 What is the minimum amount covered by the credit

A. USD40,000.00
B. USD45,000.00
C. USD50,000.00
D. USD55,000.00

84 Which of the following statements, as per ISP98, is correct regarding additional condition
A. 'The standby is primary, clean and assignable' is fully disregardable
B. The word 'assignable' may be disregarded
C. The standby is not operative before beneficiary's written consent is received
D. Although the standby is transferrable, only New York City Corporation can draw under it

85 Which of the following statements are correct if the standby is issued as requested?
1 Does may be presented to a different address of the issuer as long as it is within the USA
2 Dotted lines may be filled by beneficiary when preparing the statement of default
3 The amount is subject to a tolerance of +/- 5%
4 Statement of default must be exactly the same as shown in the standby

A. 1 and 2 only
B. 1 and 3 only
C. 2 and 3 only
D. 3 and 4 only

Query: 01712 175 979, 01713 082 412, Schooloftrade13©gmailcorn 14/17

 Orboot of Trabe
Supporting CDCS and ICC Certifications

MOCK-1, Simulation 1

As a trade finance officer in Pluto Bank, you receive the following transfer request from
the beneficiary.

Identify five CORRECT statements with regard to the transfer:

1 Pluto Bank is authorized to transfer the LC

2 The tenor of transferred LC can be changed as per the transfer request •
3 Charges of the transferring bank are for the a/c of Beta Ltd . ,...". N.,,--
4 The beneficiary's request to change the period for presentation cannot be entertained
5 The request for change in shpt date is allowed . N.---'
, 6 While transferring the LC, B/L requirement can be changed to "Notify Beta Ltd"
7 While transferring the LC, invoice requirement can be changed to "Made out to Beta Ltd". ,.../
8 The place of negotiation in the transferrred credit can be changed to Neptune Bank,
Green country' •
ICV Pluto bank is not obliged to inform the second beneficiary of the first beneficiary's
instructions regarding amendments in the transferred LC •

IP1
12
The transferred LC cannot include the clause regarding inspection costs..
Field 47A-point 3 must be deleted in the transferred Credit as per the transfer request
When the compliment documents are presented by Charlie Lid. Through their bank, Pluto
1./."

Bank is obliged to negotiate documents and pay at sight.

13 The LC cannot be transferred to a second beneficiary whose is located in a country
different from the first beneficiary.
14 The second beneficiary's bank can dispatch documents directly to the issuing bank.

'1...ery: 01712 175 979, 01713 082 412, Schooloftrade13@gmail.com

15/17
 Orbooll of Xretbe
Supporting CDCS and ICC Certifications

MOCK-1, Simulation 2

As a document checker at Moon Bank, you are provided the LC and two of the required
documents under the credit.

Identify five CORRECT discrepancies from the given list:

1 Invoice not issued correctly -

2 Partial shpt effected • V
3 Inspection certificate dated after shpt date
4 Goods description in inspection certificate is in conflict with invoice details s
5 Shipping term in invoice not as per credit terms %./.
6 Inspection certificate not issued correctly 4
7 Additional discount provided
8 Additional charges in the invoice •
9 Correction in the inspection certificate not auhenticated • .,
10 Inspection certificate not titled as per the credit

Query: 01712 175 979, 01713 082 "12, Schooloftrade13@gmail.com 16/17

 Orbooi of Trait
Supporting CDCS and ICC Certifications

MOCK-1, Simulation 3

Your bank has received the following letter of credit to advice and confirm.

Identify five CORRECT statements regarding adding confirmation to this LC:

1 LC cannot be confirmed since LC is available with any bank •

2 Issuer of document not specified • V
3 There is a 10% tolerance to the quantity of the goods in the LC '
4 Your bank should not add confirmation as drafts are to be drawn on issuing bank
5 Insurance clause not specific
6 The quoted incoterm is improper for this shpt -./.
7 Your bank should add confirmation only upto USD450,000+10% •
8 Credit states "goods must be shipped in a container" - which is non documentary &
hence can be ignored •
9 Your bank has the right to claim the charges from the issuing bank, including confirmation
commission, if the beneficiary refuses to accept the credit and therefore refuses to pay
for all the advising/confirming bank charges •
10 Payment term in the LC not clear, your bank should seek clarification from the issuing
bank before adding confirmation

Query: 01712 175 979, 01713 082 412, Schooloftrade13@gmail.corn 17/17

 6tboof of /Crab
Supporting CDCS and ICC Certificatii
MOCK-1, SIMULATION 1 (page 1/2)

To
PLUTO BANK
BLUE COUNTRY

Letter of credit no ELCTRCH4506

Your advice No E095268
Issuing Bank VENUS BANK, ORANGE COUNTRY
Issued on 15-Feb-XX for GBP 288,000

The undersigned beneficiary hereby irrevocably transfers to:

Charlie Ltd
186 Fantasy Street
Green Country

Transferee's bank
Neptune Bank
Green Country

Please transfer the attached letter of credit subject to the conditions specified in the above letter of
credit with the exception of the following:

+ LC to be available with Neptune Bank, Green Country

+ Amount to be transferred GBP 165,000.00
+ Quantity 15,000 cartons at GBP 10 per carton
+ Invoice can show an addition of GBP 1,500 towards cost of inspection
+ Latest shipment date 01-Apr-XX
+ Documents to be presented within 10 days after shipment
+ Expiry date 15-Apr-XX at the transferring bank's counters
+ Tenor - 75 days after B/L date
+ Delete field 47A - point 3

Special instruction

+ Do not send any amendments to this LC to the transferee without our consent
+ Contact Mr. Will Smith at 1234 7134 for substitution of documents

Yours truly,

(signed)
Beta Ltd

Query: 01712 175 979, 01713 082412, Schooloftrade13@gmail.com

 inbooi of 45rab
Supporting CDCS and ICC Certifications
MOCK-1, SIMULATION 1 (page 2/2)
MT700
SENDER VENUS BANK, ORANGE COUNTRY
RECEIVER PLUTO BANK, BLUE COUNTRY

27 SEQUENCE OF TOTAL 1/1

40A FORM OF DC IRREVOCABLE TRANSFERRABLE
20 DC NUMBER ELCTRCH4506
31C DATE OF ISSUE XX90215
40E APPLICABLE RULES UCP LATEST VERSION
31D DATE AND PLACE OF EXPIRY XX0430 IN BLUE COUNTRY
50 APPLICANT ALPHA LTD
186 2ND CROSS STREET, APPLE TOWN, ORANGE COUNTRY
59 BENEFICIARY BETA LTD
1 DREAM STREET
BERRY TOWN, BLUE COUNTRY
32B CURRENCY AND AMOUNT GBP288,000.00
41D AVAL. WITH BY... ANY BANK BY NEGOTIATION
42C DRAFTS AT 60 DAYS FROM B/L DATE
42D DRAWEE ISSUING BANK
43P PARTIAL SHPT PROHIBITTED
43T TRANSSHIPMENT PROHIBITTED
44E PORT OF LOADING ANY PORT IN BLUE COUNTRY
44F PORT OF DISCHARGE ANY PORT IN ORANGE COUNTRY
44C LATEST DATE OF SHPT XX0408
45A DESC. OF GOODS BLUEBERRY SYRUP AS PER PO. 1234
TOTAL QTY 15,000 CARTONS
UNIT PRICE GBP19.2/CARTON TERM: FOB BLUE COUNTRY

46A DOCS REQUIRED +SIGNED INVOICE MADE OUT TO APPLICANT CERTIFYING

GOODS AS PER PO NO.1234

+ PACKING LIST

+FULL SET OF CLEAN ON BOARD OCEAN BILL OF LADING

MADE OUT TO THE ORDER OF SHIPPER BLANK ENDORSED,
MARKED FREIGHT COLLECT AND NOTIFY APPLICANT

+ INSPECTION CERTIFICATE ISSUED BY BE-SURE

INSPECTION COMPANY LTD

47A ADDITIONAL CONDITIONS + A DISCREPANCY FEE OF USD50.00 WILL BE DEDUCTED

FROM THE PROCEEDS UPON RECEIPT OF EACH SET OF
DISCREPANT DOCUMENTS

+ STALE DOCUMENTS ACCEPTABLE

+ ALL DOCUMENTS SHOULD EVIDENCE INVOICE NO.

49 CONFIRMATION INSTRUCTION WITHOUT

71B CHARGES ALL BANKING CHARGES OTHER THAN ISSUING

BANK'S ARE FOR ACCOUNT OF BENEFICIARY
72 SENDER TO RECEIVER + PLS DESPATCH DOCUMENTS IN ONE LOT TO
INFORMATION THE ISSUING BANK

****** MESSAGE PASSED AUTHENTICATION

Query: 01712 175 979, 01713 082 412, Schooloftrade13@gmail.com

 tr

Enboof of 'Cr.Crabe
Supporting CDCS and ICC Certifications
MOCK-1, SIMULATION 2 (page 1/2)

RON WEASLEY DRILLING CO.

Hogwarts, United Kingdom. Tel 11 22 4453 741, Fax 78521 963

Invoice
Sold and shipped to:
JORDAN LEE EXCAVATION CO. PO No: Q4125
2 DREAM ROAD, JAKARTA
INDONESIA

Invoice Number: 85/08 Terms 60 days after sight

Shipped on: Sea Tiger V 121 Payment Letter of credit
On board: 20-Nov-XX

(One drilling machine and spares, CFR, Jakarta USD 440,000, FCA, New York,
USD 370,000, Freight USD 70,000)

Description Amount
.......,,
One drilling machine, CFR, Jakarta, lncoterms 2000 USD 350,000
t,
FCA, New York USD 300,000
(Add) Freight USD 55,000
(Less) Discount (USD 10,000)
(Add) Consular fees USD 5,000
Total USD 350,000

SVC Inspection Agency

New york

24-Nov-XX .

Inspection certificate

Invoice Reference 85/08

Manufacturer RON WEASLEY DRILLING CO.
Net weight 560 Kgs

We hereby certify that we have inspected one drilling kit on 19-Nov-XX as per the
PO Q4125 which has been shipped on board Sea Tiger V122 to Jakarta
V121

Gloria Chang
Authorised Signatory

Query: 01712 175 979, 01713 082 412, Schooloftrade13@gmail.com

 *S%

Otboof of Trabt
Supporting CDCS and ICC Certifications
MOCK-1, SIMULATION 2 (page 2/2)

MT700
SENDER SUN BANK, INDONESIA
RECEIVER MOON BANK, NEW YORK

27 SEQUENCE OF TOTAL 1/1

40A FORM OF DC IRREVOCABLE
20 DC NUMBER BNV741
31C DATE OF ISSUE XX1115
40E APPLICABLE RULES UCP LATEST VERSION
31D DATE AND PLACE OF EXPIRY XX1231 BENEFICIARY'S COUNTRY
50 APPLICANT JORDAN LEE EXCAVATION CO.
2 DREAM ROAD, JAKARTA, INDONESIA
59 BENEFICIARY RON WEASLEY DRILLING CO.
1 FANTASY ROAD
NEW YORK
32B CURRENCY AND AMOUNT USD440,000.00
41D AVAL. WITH BY... ANY BANK BY NEGOTIATION
42C DRAFTS AT 60 DAYS AFTER SIGHT
43P PARTIAL SHPT NOT ALLOWED
43T TRANSSHIPMENT ALLOWED
44E PORT OF LOADING NEW YORK
44F PORT OF DISCHARGE JAKARTA
44C LATEST DATE OF SHPT XX1210

45A DESC. OF GOODS ONE DRILLING MACHINE AND SPARES

CFR, JAKARTA USD440,000
FCA, NEW YORK, USD370,000
FREIGHT USD 70,000

46A DOCS REQUIRED + INVOICE IN TRIPLICATE

+ PRE-INSPECTION CERTIFICATE ISSUED BY

IDM INSPECTION CO.

+ PACKING LIST IN THREE COPIES

+ WEIGHT LIST IN THREE COPIES

71B CHARGES ALL BANK CHARGES IN THE COUNTRY OF BENEFICIARY

ARE FOR THE ACCOUNT OF BENEFICIARY

ALL BANK CHARGES IN THE COUNTRY OF APPLICANT

ARE FOR THE ACCOUNT OF APPLICANT

48 PERIOD FOR PRESENTATION DOCUMENTS TO BE PRESENTED WITHIN 10 DAYS AFTER

INFORMATION SHIPMENT BUT WITHIN THE CREDIT VALIDITY

49 CONFIRMATION INSTRUCTION WITHOUT

Query: 01712 175 979, 01713 082 412, Schooloftrade13©gmail.com

 Othoof of &title
Supporting CDCS and ICC Certifications
MOCK-1, SIMULATION 3 (page 1/2)

RECEIVED FROM THE INTERNATIONAL BANK, HAMBURG

27 SEQUENCE OF TOTAL 1/1

40A FORM OF DC IRREVOCABLE
20 DC NUMBER 1234567890
31C DATE OF ISSUE March 10, 2009
40E APPLICABLE RULES UCP LATEST VERSION
31D DATE AND PLACE OF EXPIRY June 30, 2009 IN CONFIRMING BANK'S COUNTER
50 APPLICANT ABC COMPANY
HAMBURG, GERMANY
59 BENEFICIARY THE SHOE COMPANY
MAIN STREET, NEW DELHI, INDIA

32B CURRENCY AND AMOUNT USD 500,000.00

39A AMOUNT % TOLERANCE
41D AVAL. WITH BY...
42C DRAFTS AT
42D DRAWEE
42M MIXED PAYMENT DETAILS
10%
ANY BANK BY NEGOTIATION
SEE DETAILS BELOW
ISSUING BANK
90% OF THE LETTER OF CREDIT AMOUNT IS PAYABLE
AGAINST THE SHIPPING DOCUMENTS STATED BELOW AND
DRAFTS DRAWN AS FOLLOWS:
50% OF THE CREDIT AMOUNT AGAINST DRAFTS AT SIGHT
40% OF THE CREDIT AMOUNT AGAINST DRAFTS AT 180 DAYS
FROM BL DATE
THE REMAINING 10% OF THE CREDIT AMOUNT IS PAYABLE
AGAINST DRAFTS AT SIGHT ACCOMPANIED BY A SIGNED
STATEMENT ISSUED AND SIGNED BY THE APPLICANT WHOSE
SIGNATURE SHOULD BE IN CONFORMITY WITH THE RECORDS
HELD IN OUR FILES STATING THAT THE GOODS HAVE BEEN
RECEIVED, INSPECTED AND FOUND TO BE IN CONFORMITY
WITH THE PURCHASE ORDER

43P PARTIAL SHPT ALLOWED

43T TRANSSHIPMENT ALLOWED
44E LOAD ON BOARD/DEAPATCH NEW DELHI
44F FOR TRANSPORTATION TO HAMBURG, GERMANY
44C LATEST DATE OF SHPT JUNE 15, 2009

45A DESC. OF GOODS 10 MILLION NUTS AND BOLTS AS PER PURCHASE ORDER
DATED MARCH 1, 2009 - FOB NEW DELHI

46A DOCS REQUIRED +SIGNED COMMERCIAL INVOICE IN TRIPLICATE

+COPY OF BENEFICIARY'S FAX TO THE APPLICANT AT FAX #

333-11-4444 ADVISING DETAILS OF THE SHIPMENT

+ BENEFICIARY'S CERTIFICATE STATING THAT THEY HAVE

FORWARDED VIA DHL COURIER SERVICE ONE COMPLETE
SET OF ORIGINAL DOCUMENTS TO THE APPLICANT
IMMEDIATELY AFTER SHIPMENT

+ INSPECTION CERTIFICATE ISSUED BY OFFICIAL AUTHORITY

Query: 01712 175 979, 01713 082 412, Schooloftrade13@gmail.corn

 anboof of Mrabe
Supporting CDCS and ICC Certifications
MOCK-1, SIMULATION 3 (page 2/2)

+ INSURANCE POLICY OR CERTIFICATE IN DUPLICATE FOR

110% OF THE INVOICE VALUE COVERING CUSTOMARY RISKS

+ FULL SET OF MULTIMODAL BL CONSIGNED TO ORDER OF

THE APPLICANT MARKED FREIGHT COLLECT AND NOTIFY
APPLICANT

+ PACKING LIST

47A ADDITIONAL CONDITIONS + GOODS MUST BE SHIPPED IN CONTAINER.

+ THIS CREDIT IS TRANSFERABLE. THE ADVISING BANK IS
THE TRANSFERRING BANK.
+ ORIGIN: GERMANY

71B CHARGES ALL BANKING CHARGES OTHER THAN THOSE OF THE ISSUING
BANK ARE FOR THE ACCOUNT OF THE BENEFICIARY.
CONFIRMATION CHARGES ARE FOR THE ACCOUNT OF
THE BENEFICIARY

48 PERIOD FOR PRESENTATION STALE DOCUMENTS ACCEPTABLE

49 CONFIRMATION INSTRUCTION CONFIRM

53A REIMBURSING BANK UPON RECEIPT BY US OF CONFORMING DOCUMENTS, WE

SHALL REMIT AS PER BENEFICIARY'S BANK INSTRUCTIONS
IN ACCORDANCE WITH THE CREDIT PAYMENT CONDITIONS

78 INSTRUCTION TO PAY/ DOCUMENTS MUST BE FORWARDED TO US IN ONE LOT

NEG/ACC BANK BY COURIER SERVICE AT OUR ADDRESS: 4567
HIGH ROAD, LONDON, UK - ATTN: LC DEPT.

57A ADVISE THROUGH BANK N/A

72 SENDER TO RECEIVER + PLS CALL BENEFICIARY UPON RECEIPT OF THE CREDIT

INFORMATION

Query: 01712 175 979, 01713 082 412, Schooloftrade13@gmail.com

 brboot at Trabe
Supporting CDCS and ICC Certifications
MOCK-1, IN-BASKET 1
INCOMING SWIFT MESSAGE MT 700
FROM ISSUING BANK
TO ADVISING BANK

27 SEQUENCE OF TOTAL 1/1

40A FORM OF DC
20 DC NUMBER
31C DATE OF ISSUE
40E APPLICABLE RULES
31D DATE AND PLACE OF EXPIRY 06 NOVEMBER XXXX USA
50 APPLICANT
59 BENEFICIARY
32B CURRENCY AND AMOUNT
41D AVAL. WITH BY...
42C DRAFTS
42D DRAWEE
43P PARTIAL SHPT
43T TRANSSHIPMENT
44C LATEST DATE OF SHPT
44E PORT OF LOADING
44F PORT OF DISCHARGE
45A DESC. OF GOODS
46A DOCS REQUIRED
o<A-FULL SET OF BILLS OF LADING CONSIGNED TO ORDER OF
47A ADDITIONAL CONDITIONS
48 PERIOD FOR PRESENTATION WITHIN 20 DAYS AFTER THE DATE OF SHPT BUT WITHIN
49 CONFIRMATION INSTRUCTION CONFIRM
78 INSTRUCTIONS
IRREVOCABLE
9876543210
06 MARCH XXXX
UCP LATEST VERSION
XYZ CO
ABC CO
USD1,000,000.00
ISSUING BANK BY ACCEPTANCE
AT 120 DAYS SIGHT
XYZ CO
PROHIBITTED
PROHIBITTED
06 OCT XXXX
MUMBAI, INDIA
SAO PAULO
ABOUT 1,000,000 PCS OF FROZEN CHICKEN LEGS AT ONE
DOLLAR PER PIECE CIF
+SIGNED COMMERCIAL INVOICE IN THREE FOLD
+PACKING LIST IN THREE FOLD
+CERTIFICATE OF ORIGIN IN 1 COPY
+ BENEFICIARY'S CERTIFICATE STATING FOLLOWING DOCS
REQUIRED UNDER THIS CREDIT HAVE BEEN FORWARDED
TO XYZ CO WITHIN 5 DAYS AFTER THE SHPT DATE:
COMMERCIAL INV, 1 COPY CERTIFICATE OF ORIGIN, 1 COPY
INSURANCE CERTIFICATE, 1 ORIGINAL B/L
+INSURANCE POLICY COVERING ALL RISKS ISSUED IN
TWO ORIGINALS
APPLICANT MARKED FREIGHT PAID
1 BENEFICIARY MUST PROVIDE APPLICANT WITH DETAILS OF
SHPT
2 SHPT MUST BE MADE ON VESSEL BUTTERFLY
3 GOODS MUST BE INSPECTED BY APPLICANT PRIOR TO
SHPT
4 GOODS MUST BE OF INDIAN OR CHINESE ORIGIN
CREDIT VALIDITY
ON RECEIPT OF DOCS BY US IN COMPLIANCE WITH THE
CREDIT WE WILL REIMBURSE YOU IN ACCORDANCE WITH
YOUR INSTRUCTIONS AT MATURITY

****** MESSAGE PASSED AUTHENTICATION **********

Query: 01712 175 979, 01713 082 412, Schooloftrade13©gmail.com

 ikboot of Trabe
Supporting CDCS and ICC Certifications

MOCK-1, IN-BASKET 2

APPLICATION FOR COMMERCIAL DOCUMENTARY CREDIT

TO: Queens First Bank [1 by airmail
March 15, XXXX [x] by full cable only
Date:

Applicant: Advising Bank:

Basic Electronics Corporation Ocean Bank
123 Main Street Sydney, Australia
New York, NY 10001

Beneficiary: Currency & Amount:

Public Panel Company US$ 54,300.00
(Fifty Four Thousand Three Hundred US Dollars)
456 Second Avenue
Sydney, Australia Tolerance:

Available by [ ] at sight [ ] acceptance [x] Deferred payment [ ] negotiation

Expiration Date & Place: Latest shipment Date:

May 30, XXXX Australia May 20, XXXX

Partial Shipment: Transhipment :

Shipment From: 'Shipment To:
Not Allowed Not Allowed
Sydney INew York

Transferable [x] Yes [ ] No Transferring Bank: Ocean Bank, Sydney, Australia

Description of Goods: 100 LCD Panel Frames

Price and Delivery Terms: FOB Sydney INCOTERMS 2010

Documents required:
[x] Signed commercial invoice in triplicate
[x] Packing list in triplicate
[x] 2/3 set of ocean bill of lading made out to order of shipper and marked "freight prepaid' and
notify applicant.
[x] Full set of insurance policy endorsed in blank for 110 percent of invoice value with claims payable in USA
covering the institute cargo clauses: ICC(A)
[x] Certificate of Analysis in triplicate issued by independent lab
[x] Certificate of origin in triplicate

Additional conditions:
[x] 1/3 set of Ocean Bill of Lading should be sent directly to applicant by courier
[x] 3 percent more or less in amount and quantity allowed

Documents to be presented within 15 days after shipment date

Period for presentation :
All banking charges outside of USA and reimbursement charges are for account of beneficiary
Charges :

We hereby certify that transactions in the merchandise covered by this application are not prohibited in
every respect with all existing Government regulations.

Authorized signature
Applicant

Query: 01712 175 979, 01713 082 412, Schooloftrade13@gmail.com

 f§tboot of Trabe
Supporting CDCS and ICC Certifications
MOCK-1, IN-BASKET 3

IRREVOCABLE STANDBY LETTER OF CREDIT

TO: KIG Bank, NY, USA [x] by airmail
Date: March 20, XXXX [J by full cable only

Applicant: Beneficiary:
Construction Bearings LLC New york city corporation
923 orange Avenue 546 subway
California, USA New York, NY 10001

Standby ref no Currency & Amount:

ST01205896 USD 50,000.00 CIRCA
(Fifty Thousand US Dollars)
Tolerance:

Available by [x] at sight [ ] acceptance [ ] Deferred payment [ ] negotiation

Expiration Date & Place: Latest shipment Date:

Sep 30, XXXX USA

Shipment From: Shipment To: Partial Shipment: Transhipment:

4")
Transferable [] Yes [ ] No Transferring Bank: see below

Documents required:
[x] Drafts in duplicate originals
[x] Beneficiary's statement stating 'Construction Bearings LLC has failed to perform under contract no....
dt... ...... as per MOU no Dt Between New york city corporation and Construction
Bearings LLC which is notified to New York Arbitration Committee under their ref no Dt...... ........ '

Additional conditions:
[x] Partial drawings NOT allowed
[x] Multiple drawings allowed
[x] This standby is primary, clean and assignable
[x] This standby is transferrable
[x] This standby is subject to ISP98 and New York Law
[x] This standby is not operative until beneficiary's written acceptance of this standby is received
[ ] This standby is evergreen
[ ] This standby is revolving
[ ] This standby is non documentary

Place of issue: New york, USA

We hereby issue our irrevocable standby letter of crdit in favor of the beneficiary.
We will pay all demands in accordance with the terms of this standby.

kihjklegnj
Authorized signature

Query: 01712 175 979, 01713 082 412, Schooloftrade13©gmatl.00m

 Mock 1
Answer sheet

Name of the candidate

1 A (2) C i.fer 51 I G B 4110- D

2 Air B C 0 52 A 1IIF 0 D
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4 A ItI` C D 54 A sec 0 D
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2! A B C 111. In Basket 1
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2i A B 0 16F 73 A al, C 0 07
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2 ) "gr 0 C D 76 A Iii. C D
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