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133. A credit is payable against drafts drawn at 30 days after bill of lading date and requires shipment to be effected from any European port. The bill of lading indicates receipt of the goods by the carrier on 11 June XXXX, an on-board notation for vessel 'A' dated 13 June XXXX at Felixstowe, and transhipment at Hamburg with an on board notation for vessel 'B' dated 16 June XXXX which has been subsequently amended by the carrier to read as 15 June XXXX. The maturity date for the draft is:a. 11 July XXXX.b. 13 July XXXX.c. 15 July XXXX.d. 16 July XXXX.
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.

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