国际贸易英语信用证Letter of Credit

Unit4ExecutionoftheContractTermsofPayment:1.L/C※2.Collection(D/PandD/A)※3.Remittance※4.Openaccount5.CashinadvanceTermsofPayment:2.Collection:托收Theexporterauthorizesthebanktocollectthemoneyfromtheimporter.出口人委托银行向进口人收取货款D/P:documentsagainstpayment付款交单D/A：documentsagainstacceptance承兑交单TermsofPayment:3.Remittance汇付Thebuyerhimselfremitsmoneytothesellerthroughb/c.Mailtransfer信汇Telegraphictransfer电汇Demandtransfer票汇Note:Onlywhenthetransactionsareverysmallandthefinanceinvolvedissmalltoo.1.L/C:DefinitionRESONSOFUSINGL/C：①：foreigncreditreportsareoftensketchyanddonotgivetherightinformation.②Thecountryinwhichtheforeignimporterislocatedmaybeinaweakfinancialposition.③Importerisreputable,conditionsbeyondhiscontrolpreventhimfromfulfillinghisobligation.1.L/C:DefinitionGenerally:adocumentaryletterofcreditisdefinedasinstrumentbywhichabankpromisestopaythesellerforhisgoodsprovidingthesellerconformexactlytotheconditionlaiddownintheL/C1.L/C:DefinitionSpecifically:itisanarrangement,wherebythebuyerrequireshisbanktoestablishacreditinfavoroftheseller.Thebuyer’sbankundertakes,orauthorizesitscorrespondentbankintheexporter’scountry,topaytheexporterasumofmoneyagainstpresentationofspecifiedshippingdocuments.1.L/C:DefinitionAdvantages:①Securityofpaymenttotheexporter.②Enablethebuyertoensurethathereceivedthegoodsasordered.L/C:Partiesinvolved①:applicant申请者ThepartywhoappliesfortheopeningofL/C,usuallyimporter.②:openingbank开户行WhichopenstheL/Cupontherequestoftheimporter.Itisresponsibleforthepaymentofthegoods.L/C:Partiesinvolved③:advisingbank通知银行Usuallythecorrespondentofissuingbank开证行代理行Thebankintheexporter’scountrywhoinformstheexporterthataL/Chasbeenopenedinhisfavor,andtransfertheL/Ctotheexporter.L/C:Partiesinvolved④:beneficiary受益人Usuallytheexporter,whoisentitledtoreceivetheL/Cforthepaymentofthegoods.⑤:negotiatingbank议付银行Thebankwhobuyanexporter’sdraftsubmittedtoitunderaL/Candthenforwardthedraftanddocumentstotheopeningbankforreimbursement.Usuallyistheadvisingbank.L/C:Partiesinvolved⑥:paymentbankUsuallytheopeningbankorathirdbankdesignatedbank,makespaymenttothebeneficiaryagainstpresentationofstipulateddocuments.⑦:confirmingbank保兑行ThebankwhichisrequestedtoadditsowncommitmenttotheL/C,USUALLYtheadvisingbank.L/C:chiefcontents①thepartiesinvolved②Remarksofthel/c,theNo.,type,date,etc.③Theclausesofthebillofchange,suchastheamountofbill,draweranddrawee,thepayingdate④theamountofL/C⑤theclausesaboutthedocuments,descriptionofthegoodsL/C:chiefcontents⑥guaranteeclausesoftheopeningbank,whichtestifiesthattheopeningbankwillholditselfresponsibleforthepaymenttothebeneficiaryortheholderofthedrafts.⑦ParticulateclausesL/C:procedures①TheimporterappliestotheissuingbankfortheL/Capplicationform:restatementoftheclausesofthesalescontract②TheL/Cisdrawnbytheissuingbank.③TheadvisingbankinformsthesellerofthearrivalofL/CL/C:procedures④ThebeneficiarychecktheL/C,heshouldmainlyfocuson:•Theshippingdate•ThetimeofvalidityofL/C•Quantityofgoodsandamountofpayment•Theaddressofthebeneficiary•Thepriceterm,loadingandunloadingports•Insuranceclauses•TheconsigneeoftheB/L•Packing•descriptionofthegoodsL/C:procedures⑤Whenthesellerhasmadesuretherearenomoreproblems,heshouldmakethedeliveryofthegoodsandthencomestonegotiatingbankfornegotiation.⑥Havingeffectedthepaymenttothenegotiatingbank,thepayingbankthenpresentsthedocumentstothebuyeruponhispaymentoftheamountofthedueoracceptanceofthedraft.Withthedocumentsthebuyercangetthedeliveryofthegoods.L/C:classifications①Revocable/irrevocableL/C②Confirmed/unconfirmedL/C③SightL/CandusanceL/C④Transferable/nontransferableL/C⑤RevolvingL/C⑥BacktobackL/C⑦Redclausecredits⑧StandbyL/CL/C:Trueorfalseexercises①Underl/c,themoneyofthebankisusedforthesettlementofthepaymentininternationaltrade.②Theopeningbankisusuallyabankwheretheexporterkeepsanaccount.③ThenegotiatingbankmustbedesignatedintheL/C④Thepayingbankcanclaimitspaymentbackbyexercisingtherightofrecourse.L/C:Trueorfalseexercises⑤Anadvisingbankisusuallylocatedinthecountryoftheexporter.⑥Theconfirmingbankisusuallylocatedinthecountryoftheexporter.⑦theL/Cisusuallydeliveredtotheexporterbytheimporter⑧Ifafullcableismarked“mailconfirmationtothefollow”,thefullcableisnotlegallyeffective.