Part Lod al a Vielnam Commercial Bank method al Vultiple Choice Questions ( 2 Points): Choose the best answer an. Part II. Which party has responsibility for payments in the documentary collection method? A. Applicant B. Beneficiary C. Issuing bank D. Advising bank 2. A documentary credit calls for the presentation of an insurance certificate. Which insurance documents would be acceptable for a CIF shipment with an invoice value of USD 80,000 ? A. insurance certificate for USD 82,000 B. insurance policy for USD 84,000 C. insurance declaration for USD 86,000 D. insurance certificate for USD 90,000 3 Acording to lincorerms 2010 , which one of the below trade terms indicates that the exporter has responsibility for both risks and expenses if destumetion? A. CFR B. CPT C. DAT D. FCA 4. Hon many working days does an issuing bank have to ascertain whether the documents comply with a credit subject to UCP500? A.5B.6C.7D.8 Find and correct the following Letter of Credit