国际结算实务英语

Contents of a L/C
➢ Presentation Period -- After the date of shipment but within the validity of the credit, the stipulated time can be 14 or 21
➢ Instructions to the Advising Bank -- Without adding your confirmation, with adding your confirmation, adding your confirmation if requested by the beneficiary
➢ Available with ____bank by___ -- which bank will effect the payment -- how the payment will be effected
➢ Partial Shipment -- allowed or not allowed
➢ Transshipment -- allowed or not allowed
Contents of a L/C
➢ Insurance --Depending on the price term
➢ Port of shipment and Port of Discharge -- The last date for shipment after the phrase: no later than/last on
Why we need the method of L/C ?
➢ Inter-look of the four methods of payment in I.S
-- Payment in advance -- Open account -- Collection -- Letter of credit
➢ Uniform Customs and Practices for Documentary Credit
-- UCP600 is the governing rule concerning documentary credit -- any issued L/C should indicate clearly that the said L/C is
Chapter 5
Payment Methods - Letter of CrBaidu Nhomakorabeadit
专业PPT/
Review
Question 1 : What’s the meaning of collection Question 2 :
Types of collection (D/P&D/A)?
Question 3 : Procedures under D/P at sight ? Question 4 :
subject to the uniform customs and practice for documentary credits
Contents of a L/C
➢ Type of the Credit --Irrevocable Revocable
➢ Credit Number --It will tie up all the relevant documents
What is a letter of credit
➢ A L/c is a written undertaking by the issuing bank to the beneficiary, under which the bank will pay a sum certain in money to the beneficiary if the beneficiary of the L/C provides the bank with specified documents within a prescribed time period, which all comply with the terms and conditions of the credit.
➢ Bank to bank Instructions
➢ Place and Date of Issue --Place（where the issuing bank is located） --Date（when the L/C is issued）
➢ Date and Place of Expiry --A definite date，not a period
Contents of a L/C
➢ Amount of the credit and Its currency --If the amount is preceded by about, approximately or circa, the credit will allow 10% tolerance --Be indicated in the ISO Currency Code
➢ Description of goods -- It should be made in a general term
➢ Stipulate Documents -- Commercial invoice、Transport documents、 Insurance Documents，Certificate of origin Certificate of inspection、Packing list
What is a letter of credit
➢ Characteristics of a letter of credit
-- A written undertaking on the part of the issuing bank -- Independent of the sales contract -- Exclusively dealing with documents