Mock 02 001 PDF

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4 Supporting CDCS and ICC Certifications
MOCK-2, SECTION A
1 A standby LC containing words "... will be automatically extended for a further year, without
written amendment" ... is commonly known as
A. Revolving
B. Evergreen
C. Cumulative
D. Extend or pay
2 What is the financial obligation of the issuing bank under a revolving credit available for
approx USD7,000.00 per month over a period of 5 months
A. USD 7,000.00
B. USD 7,700.00
C. USD 35,000.00
D. USD 38,500.00
3 The period of "On or about May 10" is

A. May 5-15 exclusive
B. May 5-15 inclusive
C. May 6-16 inclusive
D. May 5-16 exclusive
4 Insurance policy states "subject to 10% deductible" and the loss is 11%.
How much would the insurance company pay?
A. 11%
B. 10%
C. 1%
0%
D.
5 How much time does an issuing bank have in order to determine compliance or
non compliance of a presentation
A. maximum 5 days following the day of presentation
B. maximum 5 banking days following the day of presentation
C. a reasonable time not to exceed 5 banking days following the day of
presentation
D. a reasonable time not to exceed 7 banking days following the day of
presentation
6 LC shows applicant of London, England and presented invoice shows applicant located in
Manchester, England. What should the document checker do?
A. note it as a discrepancy
B. accept it
C. ask the beneficiary to correct it
D. ask the issuing bank to waive the discrepancy
7 Which of the following is not Incoterms2010

A. DAT
B. DAP
C. ONE
D. FAS
8 Which payment method is the most advantegeous to the buyer?

A. advance payment
B. open account
C. documentary collection
D. documentary credits
Query: 01712 175 979, 01713 082 412, Sehooloftrade13@gmail.c0m

ibtboot of Trabe
Supporting CDCS and ICC Certifications
9 What action should the issuing bank complete prior to issuing a revolving LC
A. LC must allow partial shpt
B. LC cannot be transferrable
C. UCP600 art 32 instalment drawings or shpts must be excluded
D. UCP600 art 30 tolerance must be excluded
10 When an agent signs for a master, is it necessary to indicate the name of the master in bill of lading
A. YES
B. NO
C. Confirm with the shipping company first
D. Ask the beneficiary to have the name of the master shown in bill of lading in order to play safe
11 A beneficiary found a typo error in its invoice and then corrected it. What shoud it do then?
A. The beneficiary must stamp a small round company chop next to the correction
B. The beneficiary must stamp a small round company chop next to the correction & then sign
C. The beneficiary need not to authenticate at all
D. The beneficiary must issue a new invoice without error
12 An LC requires "Health certificate in 1 copy". What must be submitted?

A. Health certificate in 1 original
B. Health certificate in 1 photocopy
C. Health certificate in either 1 original or 1 photocopy
D. Health certificate in 1 certified true copy
13 An LC says "Forwarder airway bill acceptable". What is the implication?

A. The airway bill must be issued by a forwarder
B. The airway bill need not to show the name of the carrier
C. The airway bill need not to show the name of the carrier or be signed by carrier ot it's agent
D. No implication and the clause is non-documentary
14 The act of non payment officially established and stamped on a draft by a public notary is called
A. Acceptance
B. Acknowledgement
C. Protest
D. Holder in due course
15 An LC states the following:

Available with: ABC Bank by negotiation
Drawee: ABC Bank
Which of the following banks can negotiate if the presentation is complying?
A. ABC Bank
B. Any Bank
C. Issuing Bank
D. None of the above
16 How much time does a nominated bank have in order to determine compliance or
non compliance of a presentation
A. maximum 5 days following the day of presentation
B. maximum 5 banking days following the day of presentation
C. a reasonable time not to exceed 5 banking days following the day of
presentation
D. Depends whether the nominated bank is actually acting on it's nomination or not
17 A credit is available with a nominated bank by negotiation with draft on issuing bank at 120 days
sight. The nominated bank only agrees to pay on maturity but does not agree to discount the draft
at sight and that too under complied presentation. Is it an effective negotiation?
A. Yes B. No
Query: 01712 175 979, 01713 082 412, Schooloftrade13@gmail.com

*rboof of trabe
18 An applicant wants to include a proforma invoice as an integral part of the credit. The Issuing bank
A. Must not allow it
B. Should discourage to do this
C. Must include the proforma invoice as an integral part of the credit
19 A credit states "Goods as per PI no. 123456, Total CFR value $10,000.00". An invoice presented
shows "Goods as per PI no. 123456, Total CFR value $10,000.00". Is the invoice discrepant?
A. Yes B. No
20 ABC Bank USA issued a credit through XYZ Bank, Netherlands which is available with advising bank.
LC expiry 16th August XXXX at nominated bank counter. Beneficiary presented docs to BBB Bank,
Netherlands on 16th Aug XXXX and BBB Bank couriered all docs to Issuing bank & Issuing bank
received those on 17th Aug XXXX. What is the discrepancy isuing bank should put on its advice of
refusal?
A. Late presentation
B. Docs presented via non-nominated bank
C. Late presentation and Docs presented via non-nominated bank
D. No discrepancy
21 If a draft is to be drawn on a confirming bank, the credit can only be available with the confirming bank
1 By payment
2 By Acceptance
3 By Negotiation -
4 By Deferred payment
A. 3 Only B. 2 & 4 Only C. 2 & 3 Only D. 1 & 2 Only
22 A credit is issued for USD1,00,000.00 & confirmed. An amendment is received to increase the LC
amount to USD150,000.00. The confirming bank decided not to add their confirmation to the increase
& informed the same to beneficiary in writing but beneficiary presented docs for USD150,000.00
1 The confirming bank must honor or negotiate complying presentation upto USD1,00,000.00
2 The confirming bank must honor or negotiate complying presentation upto USD1,50,000.00
3 Issuing Bank's undertaking to honor remains USD1,00,000.00
4 Issuing Bank's undertaking to honor remains USD1,50,000.00
A. 1 & 3 Only B. 1 & 4 Only C. 2 & 4 Only D. None of the above
23 An issuing bank that sends a pre-advice of the issuance of a credit...

A. Can cancel the pre-advice any time and issue a separatenew credit
B. May issue the operative credit but not obligated to do so
C. Must issue the operative credit in terms not inconsistent with the pre-advice
D. Can issue the operative credit changing some conditions of pre-advice
24 Nominated bank did not incur it's def payment undertaking and wants to prepay only after issuing
bank's def payment undertaking is issued. Nominated bank has followed it's role as per Art12(b)
A. Yes B. No
25 Which of the following is TRUE

A. Beneficiary's address showing different city name within the same country NOT acceptable
B. Discrepancy once 'not quoted' or missed due to human error can be quoted afterwards c
C. Photocopy with wording "original" acceptable even if credit prohibits original & requires copyi
D. Packing List in three copies means only 3 copies of packing list sufficient

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26 Which of the following is NOT TRUE

A. CO in triplicate' means one original & rest copies and presenting duplicate is not a must
B. If a credit is for $50,000, an invoice of $60,000 acceptable if nominated bank's cover letter
claims $50,000 only
C. Signed invoice in 3 copies' - means one originally signed invoice with 2 photocopies acceptable
D. Credit states 'Potatatoes, Onions..." but invoice shows 'Vegetables" acceptable
27 The transport document showing Port of Loading and Place of final destination correctly as per credit.
Then the transport document shows an additional place of final destination which is different from the
Place of final destination stipulated in the credit. Is it acceptable
A. Yes B. No
28 Under an RA of $1 million, you have received a claim for $1 million and honored. But on the same day
of honoring you have received RA amendment reducing the RA amount by $0.5 million.
What is your course of action at this moment?
A. You have to refund $1 million to the issuing bank
B. You have to call back $1.0 million from beneficiary
C. You have to call back $0.5 million from beneficiary
D. You may do nothing and be silent
29 An irrevocable RA cannot be amended or cancelled without the agreement of the

A. Issuing bank
B. Reimbursing bank
C. Claiming bank
D. Nominated bank
30 A Reimbursement undertaking cannot be amended or cancelled without the final agreement of the
A. Issuing bank
B. Reimbursing bank
C. Claiming bank
D. Nominated bank
31 A reimbursement authorization may not state

A. Credit number
B. Currency & amount
C. Name of the claiming bank
D. All of the above
32 Under a credit by acceptance for a software (having no merchandise involved), issuing bank required
draft to be drawn on the reimbursing bank at 30 days sight. Which of the following may not be
indicated when the the nominated claiming bank claims reimbursement from the reimbursing bank?
A. General description of the goods, services or performance
B. Country of origin
C. Place of destination or performance
D. Date of shipment
Who is responsible if a reimbursement claim under RA is not honored against a confirmed credit
A. Only issuing bank
B. Only Reimbursing bank if fund is available
C. Only confirming bank
D. Both issuing bank & confirming bank

A
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34 Through an amendment the LC value increases from $1000 to $2000. Copy of LC amendment sent
to reimbursing bank to increase value. Sunsequently claiming bank claimed $2000.
Which of the following statement in correct?
A. Reimbursement claim will not be honored
B. Reimbursing bank will disregard the LC amendment
C. Issuing bank must not send copy of LC amendment in addition to or in place of RA
D. All of the above
35 An RA is issued with an expiry date 30.10.12 and a claim of $3000 is honored on 02.11.12. Issuing
bank claims refund with LIBOR interest. Which of the following is most appropriate
A. Reimbursing bank will have to refund with LIBOR
B. Reimbursing bank is required to refund with LIBOR if the claim was received after 30.10.12
C. Reimbursing bank will have to refund without LIBOR
D. Reimbursing bank is not required to refund
36 RA cancellation sent by issuing bank on 30.10.12 that was received by reimbursing bank on the
same day but reimbursing bank did not accept the cancellation and honored a claim on 02.11.12.
Which of the following is most appropriate
A. Reimbursing bank will have to refund
B. Since reimbursing bank did not accept the cancellation, it can honor the claim
C. Reimbursing bank must refund but may not if the claim was received on 30.10.12 prior to
receiving the RA cancellation amendment
37 When a time draft is drawn on the reimbursing bank, the RA of issuing bank must include the
following except
A. Drawer
B. Tenor of draft
C. Party responsible for acceptance and discount charges, if any
D. General description of goods
38 Pre-debit notification for 2 days stated in LC but not in RA. A claim of $1000 is received on 01.01.13.
When the claim must be honored or dishonored?
A. within 04.01.13
B. within 05.01.13
C. within 06.01.13
D. within 07.01.13
39 Reimbursing bank decided not to honor a claim under it's IRU, it must provide notice...
A. within 3 banking days following day of receipt of claim, to the issuing bank stating reason
B. within 3 banking days of receipt of claim, both to issuing & claiming bank stating reason
C. within 3 banking days following receipt of claim, to the issuing bank without stating reason
D. within 3 banking days following receipt of claim, to the claiming bank stating reason
40 Reimbursing bank decided not to honor a claim under RA, it must provide notice...
A. within 3 banking days following day of receipt of claim, to the issuing bank stating reason
B. within 3 banking days of receipt of claim, both to issuing & claiming bank stating reason
C. within 3 banking days following receipt of claim, to the issuing bank without stating reason
D. within 3 banking days following receipt of claim, both to issuing & claiming bank and may
not assign any reason

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0 Which of the folowing is FALSE

A. Reimbursing bank may disregard if claim rceived on 01.11.)000( with value date 30.11.)000( I
B. Reimbursing bank is not obligated to provide notice of non-reimbursement before 05.11.XX)0( if
claim received on 01.11)0(X( with value date 05.11.)0(XX
C. Reimbursing bank is obligated to provide notice of non-reimbursement within 06.11.)000( if
claim received on 01.11.)0(XX with value date 05.11.X)(XX having 2 days pre-debit notice in LC '
42 RA does not state who will bear charges but as per LC copy that isuing bank sent with RA states
beneficiary will bear the charges. Which of the following is correct
A. Issuing bank will bear the charges
B. Beneficiary will bear the charges
C. Claiming bank will bear the charges
D. Reimbursing bank will bear the charges
43 An eUCP credit does not state the version, which of the following applies?
A. Version in effect on the date on which the LC is advised to the beneficiary
B. Version in effect on the date of LC issuance
C. Version in effect on the date of document presentation
D. Any version can be chosen by beneficiary
44 Credit subject to eUCP requires presentation of 1 original & 2 copies of electronic B/L
A. At least 1 original must be presented
B. Only one electronic record may be presented
C. Exactly 1 original & 2 copies must be presented since this is B/L
D. None of the above is correct
45 Shipment & expiry date of an eUCP credit is 15th Feb XXXX. Shpt is made on 15th Feb XXXX.
Electronic record was presented direct to the issuing bank with no date & it was not possible to
identify sending date. The record was received on 16th Feb 2013. What is the issue date?
A. At least 15th Feb since the record was received on 16th Feb
B. 16th Feb
C. No issue date
D. Not possible to identify
46 An electronic record under an eUCP credit sent on 1 Jan is found corrupted on 2 Jan, issuing
bank decided to request re-presentation on 3 Jan and made the request on 4 Jan.
What is the last date of re-presentation of the record?
A. 31-Jan
B. 1-Feb
C. 2-Feb
D. 3-Feb
47 An electronic record under an eUCP credit sent on 1 Jan is found corrupted on 2 Jan, issuing
bank decided to request re-presentation on 3 Jan and made the request on 4 Jan.
How many banking days left for the issuing bank to examine the record once re-presented ?
A. 1 day only
B. 2 days only
C. 3 days only
D. 4 days only
48 A confirmed eUCP credit did not specify format in which electronic record to be presented. Electronic
records are presented to the confirming bank but it could not examine the record at all.
A. Payment must be refused since the record cannot be examined
B. Confirming bank may refuse payment due to it's inability to examine
C. Confirming bank must pay if it is unable to notify discrepancy within 5 banking days
D. Applicant should have checked whether any format is specified in the credit

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49 An eUCP credit is available with the confirming bank and the confirming bank requests
re-presentation of records due to data corruption.
A. Confirming bank must notify re-presentation request to the Issuing bank
B. Confirming bank must notify re-presentation request to the nominated bank
C. Confirming bank must notify re-presentation request to the beneficiary
50 An eUCP credit did not specify format in which electronic record to be presented. Electronic
records are presented to the nominated bank but it could not examine the record at all.
A. Payment must be refused since the record cannot be examined
B. Payment may be refused due to it's inability to examine
C. Nominated bank must pay if it is unable to notify discrepancy within 5 banking days
D. Applicant should have checked whether any format is specified in the credit
51 An eUCP credit requires presentation of full set of original B/Ls in paper and other docs in electronic
records. B/L presented did not identify LC no but all the electronic records did.
A. Issuing bank can refuse payment
B. Confirming bank can refuse payment
C. Nominated bank, if pays, may not be reimbursed by the issuing bank
D. All of the above
52 Under which of the following incoterms risk passes from seller to buyer when the goods are
on board the ship
A. FAS & FCA
B. CIF & FOB/
C. CFR & DAT
D. All of the above
53 Under which of the following incoterms seller must purchase insurance

A. DAP
B. CPT
C. CFR
D. CIP
54 Buyer always bears the unloading cost except under

1 DAP
2 DAT
3 DDP
4 EXW
A. 2 & 3 only B. 1 only C. 2 Only D. 4 only
55 In FOB, seller's obligation is fullfilled when

A. The goods are placed alongside the ship
B. The goods have passed over to the carrier without paying freight at the named port of shpt
C. The goods are on board the ship at the named port of shipment and freight paid
D. The goods are on board the ship at the named port of shpt as freight colect
56 In case of goods not to be containerised, which of the following incoterms is the most appropriate
one that passes risk from seller from to buyer at the loading terminal?
A. DAT
B. FAS
C. FCA
D. CFR
Query: 01712 175 979, 01713 082 412, Schooloftrade13©gmail.com

60oot of Train
Supportino CDCS and ICC Certifications
57 A credit requires a beneficiary's certificate stating that one copy of all documents was
sent to the applicant immediately after shipment. The shipment date is 01-Jan-09. The
beneficiary's certificate is dated 15-Jan-09 and states that one copy of all documents was
sent to the applicant within 2 days of shipment. Is the beneficiary's certificate acceptable?
A. YES
B. NO
58 A credit requires a beneficiary's certificate stating "One copy of all documents was
sent to the applicant immediately after shipment". The shipment date is 01-Jan-09. The
beneficiary's certificate is dated 15-Jan-09 and states that "One copy of all documents
was sent to the applicant within 2 days of shipment". Is the beneficiary's certificate acceptable?
A. YES
B. NO
59 Under which of the following incoterms both loading & unloading costs are borne by buyer
A. EXW
B. DAT
C. FOB
D. CIP
60 Buyer & seller agreed to trade under standby involving goods movement by road and sea, seller to
bear freight cost but insurance by buyer. Which of the following incoterms best matches the trade?
A. CFR
B. CIP
C. CIF
D. CPT

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MOCK-2, SECTION B
61 Matirity of a bill is 09.12.13. Claiming bank forgot to claim under RA as per LC term. The claim is
lodged on 10.12.13 stating value date 09.12.13. The reimbursing bank...
A. is obligated to disregard the claim and must give notice to the claiming bank
B. may not process the claim but must give notice to the claiming bank
C. wiil not process the claim and need not to give notice to the claiming bank
D. must honor the claim
62 Which of the following feature is a must on B/L as per UCP

1 It must state whether it is original or not
2 It must state whether it is the first original, second original or third original
3 It must state whether it is the sole original or not
4 It must state the number of originals issued whether issued in one or more than one original
A. 1 and 2
B. 2 and 3
C. 3 and 4
D. 4 Only
63 A credit issued for USD100,000.00 to revolve on a cumulative basis for 6 months on every shipment.
What is the TOTAL liability of the issuing bank?
A. Indeterminable
B. USD100,000.00
C. USD600,000.00
D. USD700,000.00
64 Which of the following corrections require authentication

1 An Inspection certificate issued by beneficiary showing alterations
2 The date of a draft required under a credit is altered
3 An invoice certified by chamber of commerce showing correction
4 CO in English with pre-printed French headings and one of the headings is handwritten ,
A. 1 and 2
B. 2 and 3
C. 3 and 4
D. 2 and 4
(I) A credit requires a beneficiary's certificate stating that one copy of all documents was sent to the
applicant within 3 days after shipment. The shipment date is 01-Jan-09. The beneficiary's certificate
is dated 10-Jan-09 and states that one copy of all documents was sent to the applicant within
3 days after shipment. Is the beneficiary's certificate acceptable?
A. YES
B. NO
sent to the applicant within 3 days after shipment and also requires a copy of the courier
receipt. The shipment date is 01-Jan-09. The beneficiary's certificate is dated 10-Jan-09
and states that one copy of all documents was sent to the applicant within 3 days after
shipment. The courier receipt is dated 10-Jan-09. Is the presentation discrepant?
A. YES
B. NO
sent to the applicant within 3 days after shipment. The shipment date is 01-Jan-09. The
sent to the applicant within 2 days after shipment. Is the beneficiary's certificate acceptable?
A. YES B. NO

ikboof of Trabe
sent to the applicant. Is the beneficiary's certificate acceptable?
A. YES
B. NO
beneficiary's certificate states that one copy of all documents was sent to the applicant
within 3 days after shipment but the certificate is undated. Is the beneficiary's certificate acceptable?
A. YES
B. NO
sent to the applicant immediately after shipment. The shipment date is 01-Jan-09. The
sent to the applicant. Is the beneficiary's certificate acceptable?
A. YES
B. NO

anboot of Trete
Supoortinc CDCS and ICC Certifications
MOCK-2, Simulation 1
As a specialist in a Bank, you are given the following information with a transport document.
Identify five CORRECT discrepancies:
LC requires:
+ Full set of clean on board ocean bills of lading issued to the order of Samir Bank, Sydney
marked notify Steel Australia PTY Ltd, 5 Woodhurst Avenue, Sydney, NSW and
freight collect
+ Shipment from Mumbai to Geelong
+ Latest shipment date 04 March 2008
1 Goods received in Delhi instead of Mumbai
2 Carrier not identified
3 Notify party not as per credit
4 Multimodal Transport Document presented instead of Ocean Bills of Lading
5 No of packages in conflict
6 B/L not marked with 'Freight collect'
7 B/L indicates additional charges other than freight
8 Late shipment effected
9 Missing 'on board notation' with vessel name and port of loading
10 Consignee information not as per credit

brboot of Trabe
Shipper
Bill of Lading
Prime Steel for Combined transport or
Mumbai, India Port to port shipment
Consignee (Not negotiable unless consigned to order)

Quick Cargo Ltd
To order
Notify Party Delivery agent
Steel Australia PTY Limited

5 Woodhurst Avenue Quickfast Liner
Sydney NSW, Sydney

Pre-carriage by. Place of receipt*
Delhi
Vessel Voy. No. Port of loading
MV Bullet v2 3r Mumbai, India

Port of discharge Place of final discharge* *Applicable only when this document is used as
Geelong a combined transport Bill of Lading
Marks & Nos. Description of packages & goods Gross weight Measurement (cbm)
1697.52 KGS
Container nos./Seals 44 Cartons Girl's knitted cardigan 11.45 cbm
Ref no. 40 95 951 0159, 40 95 95 0160 Net weight
Style No. GILET/CARDIGAN FJ-FI-M-GILCRD-QURIUS 1654.32 kgs
The goods are stowed below Order No. 40 0355825, 40 0355826
deck - clean on board Yam 10% COTTON, HSCODE 6110.CAT 5

AS PER PROFORMA INVOICE NO. 10158 DT 01.10.XXXX
LC no. MFGT3456 dtd

4 Feb XXXX
Shipped on board
6 March XXXX ABOVE PARTICULARS DECLARED BY SHIPPER, CARRIER NOT RESPONSIBLE
Container No. Seal No Size Mode gti CBM Kg!
MEDU4296172 K335113 40' LCL 49 Cartons 11.45 1697.42
Freight & Charges Received by the carrier from the shipper In apparently good order and condition (unless
(Indicative whether prepaid or collect) otherwise noted herein) the total numbers of quantity of Containers or other pacjages or units Indicated
above stated by the shipper to comprise the cargo specified above, for transportation subject to all
Origin Inland Haulage Charges all terms and conditions (including the terms on the reverse hereof) from the place of receipt or port of
loading, whichever applicable to the port of discharge or the place of deliveery, whichever applicable.
Origin terminal Handling Charges

LCL service charges Delivery of goods will only be made on payment of all freight & charges.
On presentation of this document (duly endorsed) to the carrier, by or on behalf of the holder, the rights
Destination Inland Haulage Charges and responsibilities arising in accordance with the terms hereof shall (without prejudice to any rule or
common law or statute rendering them binding upon the shipper, holder and carrier) become binding
Late container release charges...USD50/day in all respects between the carrier and holder as though the contract contained herein or evidenced
hereby had been made between them.
In witness whereof 3 (three) original B/Ls unless otherwise stated below have been issued, one of
Freight PREPAID/COLLECT which being accomplished, the others lobe void.
Payable at Geelong (CONTINUED ON REVERSE SIDE)

Place & date of issue Kolkata
4 March )ccc<
Declared value by shipper Movement Signed by: Simple carrier
(see clause 5.c.4 and tarrif) as agent for the carrier
abut fvu. kabut

No. of original Bs/L 3
Query: 01712 175 979. 01713 082 412, Schooloftrade13@gmail.com

anboof of Zrabe
Supporting CDCS and CC Certifications
As a specialist in a Bank, you are given the following information with a transport document
LC requires:
+ Full set of clean on board ocean bills of lading issued to the order of Shamil Bank, Sydney
freight collect
+ Shipment from Mumbai to Geelong
+ Latest shipment date 04 March =cc
+ Transhipment prohibitted
1 Shipment made 'On deck'
4 Weight in conflict
5 Transhipment effected
6 Place of delivery shows additional journey to another port
8 B/L missing on board notation' with vessel name indicating port of loading as per credit
9 Main carriage started from Colombo instead of from Mumbai
10 Pre-printed 'Received' B/L presented
Query. 01712 175 979, 01713 082 412, Schooloftrade13@gmail.com

gnboot of Trete
Sucoortino CDCS and ICC Certifications
Shipper
Bill of Lading
Prime Steel for Combined transport or
Mumbai, India Port to port shipment

Quick Cargo Ltd
to the order of Shamil Bank, Sydney
Steel Australia PTY Limited Quickfast Liner
5 Woodhurst Avenue NSW, Sydney
Sydney.NSW
Pre-carriage by Place of receipt'
Truck Mumbai, India

MV Bullet v2 3r
Port of discharge Place of delivery *Applicable only when this document is used as
Geelong port of Perth a combined transport Bill of Lading
1697.52 KGS
Container nos./Seals 44 Cartons Girl's knitted cardigan 11.45 cbm
Ref no. 40 95 951 0159, 40 95 95 0160 Net weight
The goods are stowed on Order No. 40 0355825, 40 0355826
deck - at shipper's risk Yarn 10% COTTON, HSCODE 6110.CAT 5

AS PER PROFORMA INVOICE NO. 10158 DT 01.10.XXXX
LC no. MFGT3456 dtd

4 Feb )000(
Goods will be transhipped in COLOMBO
Shipped on board
5 March XXXX ABOVE PARTICULARS DECLARED BY SHIPPER, CARRIER NOT RESPONSIBLE
Container No. Seal No Size Mode 9te CBM
MEDU4296172 K335113 40' LCL 44 Cartons 11.45 1697.42
Freight & Charges Received by the carrier from the shipper in apparently good order and condition (unless
(Indicative whether prepaid or collect) otherwise noted herein) the total numbers of quantity of Containers or other pacjages or units indicated

Freight PREPAID/COLLECT which being accomplished, the others to be void.
Payable at Geelong (CONTINUED ON REVERSE SIDE)

Place & date of issue Mumbai, India
4 March
Declared value by shipper Movement Signed by: Riverine forwarder
franklin

ikboof of Xrabe
Su000rtino COGS and ICC Certifications
LC requires:
marked notify Steel Australia PTY Ltd, 5 Woodhurst Avenue, Sydney, NSW evidencing
shipment made in FCL container 'freight prepaid'
+ Shipment from Chittagong, Mongla to Felixstowe
+ Latest shipment date 04 March x)co:
+ Transhipment prohibitted
1 Shipment made 'On deck'
2 Missing notation indicating port of discharge
3 Missing notation indicating vessl name and port of loading as per credit
4 B/L evidences LCL instead of FCL
6 B/L does not show the name of the Master
8 B/L indicates additional charges other than freight
10 B/L indicates freight 'Collect' instead of 'Prepaid'

Otboof of Trabt
Shipper
Bill of Lading
RMG Ltd
for Combined transport or
Saver, Dhaka
Port to port shipment
Bangladesh

Quick Cargo Ltd
to the order of Shamil Bank, Sydney
Delivery agent
Notify Party
Quickfast Liner
Steel Australia PTY Ltd
NSW, Sydney
5 Woodhurst Avenue
Sydney, NSW
Pre-carriage by* Place of receipt*
MT Sea Bridge Ashuganj, Brahmanbaria
MV Sprinter v2 3r Mongla
Place of final destination* *Applicable only when this document is used as
Port of discharge
Felixstowe a combined transport Bill of Lading
Glassgow
Gross weight Measurement (cbm)
Marks & Nos. Description of packages & goods
1697.52 KGS
11.45 cbm
Container nos./Seals 44 Cartons Girls knitted cardigan
Ref no. 40 95 951 0159, 40 95 95 0160 Net weight

Shipped on board
The goods are stowed over Order No. 40 0355825, 40 0355826
Vessel Queen
deck - at shipper's risk Yarn 10% COTTON, HSCODE 6110.CAT 5
Colombo
AS PER PROFORMA INVOICE NO. 10158 DT 01.10)000:
LC no. MFGT3456 dtd

I8 March xxxx
4 Feb )0(XX
Shipped on board
'ABOVE PARTICULARS DECLARED BY SHIPPER, CARRIER NOT RESPONSIBLE
4 March X)00(
CBM
Container No. Seal No Size Mode
44 Cartons 11.45 1697.42
K335113 40' LCL
MEDU4296172
Shipped by the carrier from the shipper in apparently good order and condition (unless
Freight & Charges
otherwise noted herein) the total numbers of quantity of Containers or other pacjages or units indicated
(Indicative whether prepaid or collect)
all terms and conditions (including the terms on the reverse hereof) from the place of receipt or port of
Origin Inland Haulage Charges

Delivery of goods will only be made on payment of all freight & charges.
LCL service charges
and responsibilities arising in accordance with the terms hereof shall (without prejudice to any rule or
Destination Inland Haulage Charges
common law or statute rendering them binding upon the shipper, holder arid carrier) become binding
in all respects between the carrier and holder as though the contract contained herein or evidenced
Late container release charges...USD50/day
In witness whereof 3 (three) original B/Ls unless otherwise stated below have been Issued, one of
which being accomplished, the others lobe void.

Freight PREPAID/COLLECT
(CONTINUED ON REVERSE SIDE)
COLLECT
7 March mx
Signed by: Dowel one

Movement
Declared value by shipper
as agent for the master
(see clause 5.c.4 and tarrif)
Dowel cot

brbooi of Irabe
LC requires:
+ 100% cotton Girl's knitted cardigan 44 cartons
Ref no. 40 95 951 0159, 40 95 95 0160

Style No. GILET/CARDIGAN FJ-FI-M-GILCRD-QURIUS
Order No. 40 0355825, 40 0355826
Yarn 10% COTTON, HSCODE 6110.CAT 5
AS PER PROFORMA INVOICE NO. 10158 DT 01.10)000(
freight prepaid'
+ Shipment from Chittagong/Mongla to Felixstowe
+ Latest shipment date 04 March >coo;
+ Partial & Transhipment prohibitted
1 B/L does not evidence 'clean on board' in word
2 Missing notation indicating actual port of discharge
3 B/L evidences additional charges
4 Freight NOT prepaid
6 Claused B/L presented
8 Missing on board notation indicating vessel name and port of loading
9 Description of goods not as per LC
10 Partial shpt effected
Query: 01712 175 979, 01713 082 412, 5chooloftrade13@gm31l.c0m

Otboot of Trabe
Shipper
Bill of Lading
RMG Ltd for Combined transport or
Saver, Dhaka Port to port shipment
Bangladesh

Quick Cargo Ltd
to the order of Shamil Bank, Sydney the carrier
Delivery agent
Notify Party
Quickfast Liner
Steel Australia PTY Ltd
NSW, Sydney
5 Woodhurst Avenue
Pre-carriage by, Place of receipt'
Vessel Voy. No. Intended Port of loading
MV Dols v2 3r Chittagong
Port of discharge Place of final destination* *Applicable only when this document is used as
Manchester a combined transport Bill of Lading

Felixstowe
Gross weight Measurement (cbm)
Marks & Nos. Description of packages & goods
Girl's knitted cardigan 44 cartons 1697.52 KGS
Ref no. 40 95 951 0159, 40 95 95 0160 11.45 cbm

Container nos./Seals
Style No. GILET/CARDIGAN FJ-FI-M-GILCRD-QURIUS Net weight
Order No. 40 0355825, 40 0355826 1654.32 kgs

AS PER PROFORMA INVOICE NO. 10158 DT 01.10.)00(X
LC no. MFGT3456 dtd Girl's knitted cardigan 41 cartons
4 Feb XXXX Ref no. 40 95 951 0159, 40 95 95 0160

•
Style No. G1LET/CARDIGAN FJ-FI-M-GILCRD-QURIUS
5 cartons open
Order No. 40 0355825, 40 0366827
'ABOVE PARTICULARS DECLARED BY SHIPPER, CARRIER NOT RESPONSIBLE
gt1 CBM
Container No. Seal No Size Mode
***# 41 Cartons 11.45 1697.42
K335113 40' LCL
MEDU4296172
Shipped by the carrier from the shipper in apparently good order and condition (unless
Freight & Charges
otherwise noted herein) the total numbers of quantity of Containers or other pacjages or units indicated
(Indicative whether prepaid or collect)
all terms and conditions (including the terms on the reverse hereof) from the place of receipt or port of
Origin Inland Haulage Charges

Delivery of goods will only be roads on payment of all freight & charges.
LCL service charges
and responsibilities arising in accordance with the terms hereof shall (without prejudice to any rule or
Destination Inland Haulage Charges
in all respects between the carrier and holder as though the contract contained herein or evidenced
Late container release charges...USD50/day
which being accomplished, the others lobe void.

Freight PREPAID/COLLECT
PREPAID in Sydney
5 March nom
Movement Signed by:

Declared value by shipper
the carrier, named above
(see clause 5.0.4 and tarrif)
franJelivi.

ibtboot of Xrabe
Supporting COGS and ICC Cergfications
LC requires:
+ Black/Blue Knitting machine 100 sets with all accessories for 100% export oriented RMG
industry, Model no. XZ93-451 Power Motor 40 Mhz, RPM 1000,

attached sitting table & cable with sewing unit.
Auto rotate feeding and bobin
AS PER PROFORMA INVOICE NO. 10158 DT 01.10000(
+ Bill of lading issued by indian carrier to the order of Good Bank, Dhaka
marked notify Better RMG Ltd, 5 Jatrabari, Dhaka and freight prepaid
+ Place of receipt Delhi, Port of loading Any indian port, Port of Discharge Chittagong &
Place of final delivery ICD Kamalapur
+ Latest shipment date 04 March =cc
Identify five CORRECT discrepancies or TRUE statements:
1 UCP article 20 Bill of lading to be applied in the examination of the transport document
2 - 'UCP article 19 Transport Document covering at least two different modes of transport'
to be applied in the examination of the transport document
3 B/L NOT issued by Indian carrier as per credit
4 Freight term differ
8 Description of goods in conflict with LC
9 Shipment date is 2 March, )000(
Query: 01712 175 979, 01713 082 412, 5chooloftrade13@gmail.com

anboot of trae
SuoPorting CDCS and ICC Certifications
Shipper
Bill of Lading
Machine Maker for Combined transport or
Banglarore Port to port shipment
India

Quick Cargo Ltd
unto the order of good Bank, Dhaka 5 Camac street, India
-the carrier
Better RMG Ltd Ouickfast Liner

5 Jatrabari NSW, Sydney
Dhaka
Truck Delhi
MV Sakta v2 3r Any Indian port

Port of discharge Place of final destination*
*Applicable only when this document is used as
Chittagong ICD Kamalapur a combined transport Bill of Lading
Black/blue Knitting machine 100 sets with all accessories 1697.52 KGS
Container nos./Seals for 100% export oriented RMG industry Model X293-451 11.45 cbm
Power Motor 40 Mhz, RPM 1000, attached sitting table Net weight
& cable with sewing unit. Auto rotate feeding and bobin 1654.32 kgs
LC no. MFGT3456 dtd AS PER PROFORMA INVOICE NO. 10158 DT 01.10.X)00(
4 Feb YJO0(
Black Knitting machines (used) 100 sets Shipped on board

Shipped on board with all accessories, Model no. X293-451 Vessel Sunder
Vessel Sakta Power Motor 40 Mhz, RPM 1000, attached sitting table Singapore
Mumbai & cable with sewing unit. Auto rotate feeding and bobin 10 March xxxx
8 March xxxx AS PER PROFORMA INVOICE NO. 10158 DT 01.10.XXXX
TAKEN IN CHARGE 2 MARCH, XXX):

Container No. Seal No Size Mode 2t1 CBM iSgs
MEDU4296172 K335113 40' FCL 9/10 boxes 11.45 1697.42
Freight & Charges Received by the carder from the shipper in apparently good order and condition (unless
TO BE PREPAID IN INDIA
Place & date of issue
Chittagong. Bangladesh
1 March )oox
Declared value by shipper Movement Signed by: WXT freight forwarder, Chittagong, Bangladesh
jack fereuson

bcboof of Muth
LC requires:
+ 1000 MT crude oil
unit price will be determined based on average price of 5 days prior to and 5 days
after the shipment date i.e. 11 days average of UAE Commodity Market
+ Bill of lading to the order of Good Bank, Dhaka

marked notify Padma Oil Co, Patenga, Chittagong and freight collect
+ Shipment from Dubai to Chittagong
+ Latest shipment date 04 March ;coct but not before 25 Feb )00(X
Identify five CORRECT discrepancies or TRUE statements:
1 UCP article 20 Bill of lading to be applied in the examination of the transport document
2 - 'UCP article 19 Transport Document covering at least two different modes of transport'
to be applied in the examination of the transport document
4 On board notation missing vessel & port of loading
5 LC may be overdrawn provided that quantity shipped in full & calculation of average unit
price based on UAE commodity Market is correct
6 Early shipment effected
7 Charter party B/L presented
8 Description of goods in conflict with LC
9 Transhipment effected in Abu Dhabi

6tboof of Trabe
Shipper
Congen / Tanker
Dubai Explorers Ltd Bill of Lading
Dubai Port to port shipment
UAE

Quick Cargo Ltd
unto the order of good Bank, Dhaka Dubai
-the carrier
Padma Oil Co. Oceanline
Chittagong
Chittagong
Abu Dhabi
MV Sakta v2 3r Dubai
Port of discharge Place of final destination* *Applicable only when this document is used as
Chittagong a combined transport Bill of Lading
1000 MT Crude Oil 1001.21 MT
Container nos./Seals
Shipped on board Net weight

26 Feb xxxx 1000.00 MTs
LC no. MEGT3456 dtd

4 Feb XXXX
When the place of receipt box has been completed, any notation on this bill of lading of "on board",
"loaded on board" or words of similar effect shall be deemed to be on board the means of transportation
performing the carriage from the place of receipt to the port of loading
ABOVE PARTICULARS DECLARED BY SHIPPER, CARRIER NOT RESPONSIBLE

Container No. Seal No Size Mode gtt CBM ISgs
Freight & Charges Shipped by the carrier from the shipper In apparently good order and condition (unless
Origin Inland Haulage Charges all terms.
and conditions (including the terms on the reverse hereof) from the place of receipt or port of
In witness whereof 3 (three) original EVLs unless otherwise stated below have been issued, one of
COLLECT (CONTINUED ON REVERSE SIDE)
Place & date of issue Dubai
25 Feb )000(
Declared value by shipper Movement Signed by:
(see clause 5.c.4 and tarrif) On behalf of Quick Cargo Ltd, Singapore, the charterer
jack fergusokt.

Mock 2
Answer sheet
Name of the candidate
A 1911057 C D 51 A B c ..B...
A B C Gic 52 A AB.' C D
A at C D 53 •-...At B C (.3.)
no* B 0 D 54 A B 't"... D
A 'V- C D 55 A B C wer
A IStr C D 56 A Ater 0 D
A B ge D 57 CO .43.0 C D
A REP C D 58 A ..B.- C D
A B atgl, D 59 •er B c D
A VS' C D 60 A mac C 0
4Pe B 0 D
CP B C D 61 A B 0 =Br
A B 0 *FE 62 A B C OP.
A B .., egs- 0 63 0 B due, D
A B C at 64 A -Q.. C D
A B C VII 65 ..A.. B C D
0 go c D_ 66 0 .—B- C D
A JCR C D 67 -AA,- B C D
A a93... C D 68 wilir B C D
ERN- B C D 69
A B c 3 70 .+801e. B C D
A 0 C wil?
A B 01 D
A air C D
A B at, D
-A ...11* C 0
saef B C D
..dlr B C 67
A 0 D SimulatioN
A B se D 1 4 arip 9
A B ""S4 D
A B C le"
A B C .er Simulation 2
A B i•e% 0 -2-- 5 6 rem mmte.
A @ C dB'
A .0196 C D
A B .ice Simulation
0
A B 0 4119r —T- 2 6 7 9
A lef C D
A 'Er C CY
A B al162 C3 Simulation 4
igt B C D 1 2 +Deb' 4 5
A Alf C D
A .aggi C D
A ..B. C D Simulatioc
n5
A B C +RP 3 5 6 .40,2t
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IllAr 0 C D
A B nee D
A B de. GI Silation 6
A (5) ..... 0 Eye-. 4 6 8 9 10

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anboot of Trabe

4 Supporting CDCS and ICC Certifications

3 The period of "On or about May 10" is

7 Which of the following is not Incoterms2010

8 Which payment method is the most advantegeous to the buyer?

Query: 01712 175 979, 01713 082 412, Sehooloftrade13@gmail.c0m

12 An LC requires "Health certificate in 1 copy". What must be submitted?

13 An LC says "Forwarder airway bill acceptable". What is the implication?

15 An LC states the following:

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

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

23 An issuing bank that sends a pre-advice of the issuance of a credit...

25 Which of the following is TRUE

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

26 Which of the following is NOT TRUE

29 An irrevocable RA cannot be amended or cancelled without the agreement of the

31 A reimbursement authorization may not state

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

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

0 Which of the folowing is FALSE

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

53 Under which of the following incoterms seller must purchase insurance

54 Buyer always bears the unloading cost except under

A. 2 & 3 only B. 1 only C. 2 Only D. 4 only

55 In FOB, seller's obligation is fullfilled when

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

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

62 Which of the following feature is a must on B/L as per UCP

64 Which of the following corrections require authentication

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

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

1 Goods received in Delhi instead of Mumbai

2 Carrier not identified

3 Notify party not as per credit

4 Multimodal Transport Document presented instead of Ocean Bills of Lading

6 B/L not marked with 'Freight collect'

7 B/L indicates additional charges other than freight

8 Late shipment effected

10 Consignee information not as per credit

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

Consignee (Not negotiable unless consigned to order)

Notify Party Delivery agent

Steel Australia PTY Limited

Sydney NSW, Sydney

MV Bullet v2 3r Mumbai, India

Geelong a combined transport Bill of Lading

Container nos./Seals 44 Cartons Girl's knitted cardigan 11.45 cbm

Ref no. 40 95 951 0159, 40 95 95 0160 Net weight

Style No. GILET/CARDIGAN FJ-FI-M-GILCRD-QURIUS 1654.32 kgs

The goods are stowed below Order No. 40 0355825, 40 0355826

deck - clean on board Yam 10% COTTON, HSCODE 6110.CAT 5

LC no. MFGT3456 dtd

Container No. Seal No Size Mode gti CBM Kg!

MEDU4296172 K335113 40' LCL 49 Cartons 11.45 1697.42

Origin terminal Handling Charges

Freight PREPAID/COLLECT which being accomplished, the others lobe void.

Payable at Geelong (CONTINUED ON REVERSE SIDE)

Declared value by shipper Movement Signed by: Simple carrier