國際貿易英語信用證Letter of Credit.ppt

Unit4ExecutionoftheContract TermsofPayment L C Collection D PandD A Remittance OpenaccountCashinadvance TermsofPayment Collection 托收Theexporterauthorizesthebanktocollectthemoneyfromtheimporter 出口人委托銀行向進口人收取貨款D P documentsagainstpayment付款交單D A documentsagainstacceptance承兌交單 TermsofPayment Remittance匯付Thebuyerhimselfremitsmoneytothesellerthroughb c Mailtransfer信匯Telegraphictransfer電匯Demandtransfer票匯Note Onlywhenthetransactionsareverysmallandthefinanceinvolvedissmalltoo 1 L C Definition RESONSOFUSINGL C foreigncreditreportsareoftensketchyanddonotgivetherightinformation Thecountryinwhichtheforeignimporterislocatedmaybeinaweakfinancialposition Importerisreputable conditionsbeyondhiscontrolpreventhimfromfulfillinghisobligation 1 L C Definition Generally adocumentaryletterofcreditisdefinedasinstrumentbywhichabankpromisestopaythesellerforhisgoodsprovidingthesellerconformexactlytotheconditionlaiddownintheL C 1 L C Definition Specifically itisanarrangement wherebythebuyerrequireshisbanktoestablishacreditinfavoroftheseller Thebuyer sbankundertakes orauthorizesitscorrespondentbankintheexporter scountry topaytheexporterasumofmoneyagainstpresentationofspecifiedshippingdocuments 1 L C Definition Advantages Securityofpaymenttotheexporter Enablethebuyertoensurethathereceivedthegoodsasordered L C Partiesinvolved applicant申請者ThepartywhoappliesfortheopeningofL C usuallyimporter openingbank開戶行WhichopenstheL Cupontherequestoftheimporter Itisresponsibleforthepaymentofthegoods L C Partiesinvolved advisingbank通知銀行Usuallythecorrespondentofissuingbank開證行代理行Thebankintheexporter scountrywhoinformstheexporterthataL Chasbeenopenedinhisfavor andtransfertheL Ctotheexporter L C Partiesinvolved beneficiary受益人Usuallytheexporter whoisentitledtoreceivetheL Cforthepaymentofthegoods negotiatingbank議付銀行Thebankwhobuyanexporter sdraftsubmittedtoitunderaL Candthenforwardthedraftanddocumentstotheopeningbankforreimbursement Usuallyistheadvisingbank L C Partiesinvolved paymentbankUsuallytheopeningbankorathirdbankdesignatedbank makespaymenttothebeneficiaryagainstpresentationofstipulateddocuments confirmingbank保兌行ThebankwhichisrequestedtoadditsowncommitmenttotheL C USUALLYtheadvisingbank L C chiefcontents thepartiesinvolvedRemarksofthel c theNo type date etc Theclausesofthebillofchange suchastheamountofbill draweranddrawee thepayingdatetheamountofL Ctheclausesaboutthedocuments descriptionofthegoods L C chiefcontents guaranteeclausesoftheopeningbank whichtestifiesthattheopeningbankwillholditselfresponsibleforthepaymenttothebeneficiaryortheholderofthedrafts Particulateclauses L C procedures TheimporterappliestotheissuingbankfortheL Capplicationform restatementoftheclausesofthesalescontractTheL Cisdrawnbytheissuingbank TheadvisingbankinformsthesellerofthearrivalofL C L C procedures ThebeneficiarychecktheL C heshouldmainlyfocuson TheshippingdateThetimeofvalidityofL CQuantityofgoodsandamountofpaymentTheaddressofthebeneficiaryThepriceterm loadingandunloadingportsInsuranceclausesTheconsigneeoftheB LPackingdescriptionofthegoods L C procedures Whenthesellerhasmadesuretherearenomoreproblems heshouldmakethedeliveryofthegoodsandthencomestonegotiatingbankfornegotiation Havingeffectedthepaymenttothenegotiatingbank thepayingbankthenpresentsthedocumentstothebuyeruponhispaymentoftheamountofthedueoracceptanceofthedraft Withthedocumentsthebuyercangetthedeliveryofthegoods L C classifications Revocable irrevocableL CConfirmed unconfirmedL CSightL CandusanceL CTransferable nontransferableL CRevolvingL CBacktobackL CRedclausecreditsStandbyL C L C Trueorfalseexercises Underl c themoneyofthebankisusedforthesettlementofthepaymentininternationaltrade Theopeningbankisusuallyabankwheretheexporterkeepsanaccount ThenegotiatingbankmustbedesignatedintheL CThepayingbankcanclaimitspaymentbackbyexercisingtherightofrecourse L C Trueorfalseexercises Anadvisingbankisusuallylocatedinthecountryoftheexporter Theconfirmingbankisusuallyl