21. ( )According to International Standard Banking Practice, which of the following statements regarding the expression of "shipping documents" is correct?

A. all documents required by the Credit

B. transport documents only

C. invoice, transport documents, and insurance policy or certificate

D. all documents (not only transport documents), except drafts, required by the Credit

22. ( )According to UCPS00, banks shall disregard following expressions in the letter of credit except:

A. prompt

B. immediately

C. ‘about

D. as soon as possible

23. ( )If L/C does not stipulate whether partial shipments are allowed or not, which of the following statements is applicable?

A. Partial shipments are allowed

B. Partial shipments are not allowed

C. Refer to the issuing bank

D. Refer to the beneficiary

24.( )If an applicant intends that the L/C expire for presentation at the issuing bank with drafts drawn on the issuing bank at 60 days after sight, how should the L/C be made available?

A. by acceptance

B. by deferred payment

C. by sight payment

D. by negotiation

25. ( )If the beneficiary intends to transfer partial or full mount of the letter of credit to the final supplier, what kind of terms should the letter of credit stipulate to meet the

beneficiary‘ s needs?

A. transmissible IMC

B. assignable L/C

C. divisible L/C

D. transferable L/C