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Through what process is water reabsorbed back into the blood?

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131. A documentary credit calls for invoices for the full CIF value and insurance certificate covering all risks. Documents presented include invoices for the CIF value of USD 150,000 less discount ofUSD 25,000; a bill of lading evidencing shipment on 10 February; and insurance policy, issued on11 February, for USD 137,500 and effective from 09 February covering Institute Cargo Clauses A.According to UCP 600, all of the following statements are correct except:a) The insurance policy is acceptable.b) The insurance covers shipment period.c) The amount of the insurance cover is sufficient.d) The risks covered by insurance document are acceptable.

136. A documentary credit is issued for approximately 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 3 only.c) 2 and 4 only.d) 3 and 4 only.

127. An issuing bank notifies the beneficiary that the applicant has ceased trading and that the documentary credit is cancelled and that cancellation shall be effective ten days after the date of the issue of its cancellation notice. The beneficiary presents documents to the issuing bank that otherwise fully comply with the credit terms fifteen days after the date of the cancellation notice. The issuing bank:a) Is obliged to honour the documents.b) May simply return the documents unchecked as the credit has now ceased to exist.c) Should hold the documents unchecked and seek further instructions from the beneficiary.d) May refuse the documents as more than ten days have elapsed since the issue of its cancellation notice.

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