國際貿(mào)易英語信用證Letter of Credit

1、精選ppt1Unit 4 Execution of the Contract精選ppt2Terms of Payment:nL/CnCollection (D/P and D/A) nRemittance nOpen account nCash in advance精選ppt3Terms of Payment:nCollection: 托收 The exporter authorizes the bank tocollect the money from the importer.出口人委托銀行向進口人收取貨款D/P: documents against payment 付款交單D/A：doc

2、uments against acceptance 承兌交單精選ppt4Terms of Payment:nRemittance 匯付n The buyer himself remits money to the seller through b/c.nMail transfer 信匯nTelegraphic transfer 電匯nDemand transfer 票匯nNote: Only when the transactions are very small and the finance involved is small too.精選ppt51. L/C: Definition RE

3、SONS OF USING L/C：n： foreign credit reports are often sketchy and do not give the right information.nThe country in which the foreign importer is located may be in a weak financial position.nImporter is reputable, conditions beyond his control prevent him from fulfilling his obligation.精選ppt61. L/C:

4、 DefinitionGenerally: a documentary letter of credit is defined as instrument by which a bank promises to pay the seller for his goods providing the seller conform exactly to the condition laid down in the L/C精選ppt71. L/C: DefinitionSpecifically: it is an arrangement, whereby the buyer requires his

5、bank to establish a credit in favor of the seller. The buyers bank undertakes, or authorizes its correspondent bank in the exporters country, to pay the exporter a sum of money against presentation of specified shipping documents.精選ppt81. L/C: DefinitionAdvantages:nSecurity of payment to the exporte

6、r.Enable the buyer to ensure that he received the goods as ordered. 精選ppt9L/C: Parties involvedn: applicant 申請者nThe party who applies for the opening of L/C, usually importer.n: opening bank 開戶行nWhich opens the L/C upon the request of the importer. It is responsible for the payment of the goods.精選pp

7、t10L/C: Parties involvedn: advising bank 通知銀行nUsually the correspondent of issuing bank 開證行代理行nThe bank in the exporters country who informs the exporter that a L/C has been opened in his favor, and transfer the L/C to the exporter.精選ppt11L/C: Parties involvedn: beneficiary 受益人nUsually the exporter,

8、 who is entitled to receive the L/C for the payment of the goods.n: negotiating bank 議付銀行nThe bank who buy an exporters draft submitted to it under a L/C and then forward the draft and documents to the opening bank for reimbursement. Usually is the advising bank.精選ppt12L/C: Parties involvedn: paymen

9、t bank nUsually the opening bank or a third bank designated bank, makes payment to the beneficiary against presentation of stipulated documents.n: confirming bank 保兌行nThe bank which is requested to add its own commitment to the L/C, USUALLY the advising bank.精選ppt13L/C: chief contentsnthe parties in

10、volvednRemarks of the l/c, the No.,type, date, etc.nThe clauses of the bill of change, such as the amount of bill, drawer and drawee, the paying daten the amount of L/Cn the clauses about the documents, description of the goods精選ppt14L/C: chief contentsn guarantee clauses of the opening bank, which

11、testifies that the opening bank will hold itself responsible for the payment to the beneficiary or the holder of the drafts.nParticulate clauses精選ppt15L/C: proceduresnThe importer applies to the issuing bank for the L/Cn application form: restatement of the clauses of the sales contractnThe L/C is d

12、rawn by the issuing bank.nThe advising bank informs the seller of the arrival of L/C精選ppt16L/C: proceduresnThe beneficiary check the L/C, he should mainly focus on :The shipping dateThe time of validity of L/CQuantity of goods and amount of paymentThe address of the beneficiaryThe price term, loadin

13、g and unloading portsInsurance clausesThe consignee of the B/LPacking description of the goods精選ppt17L/C: proceduresnWhen the seller has made sure there are no more problems, he should make the delivery of the goods and then comes to negotiating bank for negotiation.nHaving effected the payment to t

14、he negotiating bank, the paying bank then presents the documents to the buyer upon his payment of the amount of the due or acceptance of the draft. With the documents the buyer can get the delivery of the goods.精選ppt18L/C: classificationsnRevocable / irrevocable L/CnConfirmed/unconfirmed L/CnSight L

15、/C and usance L/CnTransferable /non transferable L/CnRevolving L/CnBack to back L/CnRed clause creditsnStandby L/C精選ppt19L/C: True or false exercises nUnder l/c, the money of the bank is used for the settlement of the payment in international trade.nThe opening bank is usually a bank where the exporter keeps an account.nThe negotiating bank must be designated in the L/CnThe paying bank can claim its payment back by exercising the right of recourse.精選ppt20L/C: True or false exercisesnAn advising bank is usually located in the country o