Letter-of-Credit-信用證-國際結(jié)算-教學課件

LetterofCredit

1LetterofCredit1

Review2Review21.Procedure

2.Characteristic3.Parties4.Types31.Procedure3.Parties4.TypesTypesofCredit6.4信用證的種類4TypesofCredit6.4信用證的種類4信用證的種類普通信用證特殊信用證光票信用證CleanCredit跟單信用證DocumentaryCredit不可撤銷信用證IrrevocableCredit即期付款信用證SightPaymentCredit可撤銷信用證RevocableCredit議付信用證NegotiationCredit承兌信用證AcceptanceCredit延期付款信用證DeferredPaymentCredit可轉(zhuǎn)讓信用證TransferableCredit對背信用證BacktoBackCredit對開信用證ReciprocalCredit循環(huán)信用證RevolvingCredit預(yù)支信用證AnticipatoryCredit備用信用證Stand-byCredit5信普通信用證特殊信用證光票信用證CleanCredit跟

ACreditmuststatewhetheritisavailablebysightpayment,deferredpayment,acceptanceornegotiation.ＵＣＰ６００Article6b6ＵＣＰ６００6Accordingtothemodeofavailability按兌用方式分類1.Sightcredit即期付款信用證⑴Definition:Aletterofcreditcallingforpaymentatonceuponthepresentationofthedocumentseitherwithorwithoutasightdraft.Draft?7Accordingtothemodeofavail

Undersuchacredit,thebeneficiary(thedrawer)isentitledtoreceivepaymentatonceonpresentationofhisdrafttothedraweebankortheissuingbankifdrawnontheissuingbank,oncetherelevantdocumentshavebeencheckedandfoundtobeinorder.8Undersuchacredit,thebe

AvailablewithXXBank

Bysightpayment/Bypayment

ByacceptanceBydeferredpaymentBynegotiationandbeneficiary’sdraft_____drawnon

□□□□□×SightpayingbankXXBank⑵FunctionclauseIssuingbank/nominatedbank×atsight9AvailablewithXXBank□□

Benefit

ExporterImporter

10BenefitExporterImporter105.2.4Accordingtothemodeofavailability按兌用方式分類2.Acceptancecredit承兌信用證⑴Definition:Acreditavailablebyacceptance,underwhichabankspecificallynominateduponthereinisauthorizedtoacceptthedraftdrawnunderthecredit.115.2.4Accordingtothemodeof

AvailablewithXXBank

Bysightpayment/Bypayment

ByacceptanceBydeferredpaymentBynegotiationandbeneficiary’sdraftdrawnon

□□□□□×XXBank⑵Function

clauseIssuingbank/nominatedbankAcceptingbank

×At30daysaftersight12AvailablewithXXBank□□

Benefit

ExporterImporter

13BenefitExporterImporter13⑶Operationofacceptancecredit承兌信用證的處理nominatedacceptingbank1.acceptedbillbeneficiaryDiscountingbank2.discount3.presentforpayment14⑶OperationofacceptancecrediAccordingtothemodeofavailability按兌用方式分類3.Deferredpaymentcredit延期付款信用證①At…daysafterthepresentationofthedocuments②At…daysafterthedateofshipment⑴Definition:Thebeneficiarydoesnotreceivepaymentwhenhepresentsthedocuments,butatalaterdatespecifiedinthecredit.15Accordingtothemodeofavai

AvailablewithXXBank

Bysightpayment/Bypayment

ByacceptanceBydeferredpaymentBynegotiationandbeneficiary’sdraftdrawnon

□□□□□×XXBank⑵FunctionclauseIssuingbankAdvisingbankThirdbankWithoutabillofexchange16AvailablewithXXBank□□

Benefit

ExporterImporter

17BenefitExporterImporter17QuestionIfyouareanexporter,doyouprefertheacceptancecreditorthedeferredpaymentcredit?

18Question185.2.4Accordingtothemodeofavailability按兌用方式分類4.Negotiationcredit議付信用證⑴Definition:Anegotiationcreditisoneunderwhichabankspecificallynominatedisauthorizedtonegotiateorone,whichisfreelynegotiablebyanybank.195.2.4Accordingtothemodeof

Anegotiationcreditassuresthatanybanknegotiatingthedraftswillbedulyhonoredbytheissuingbankprovidedallthetermsstipulatedarecompliedwith.Dishonor?Negotiatingbankisaholderinduecourse20Anegotiationcreditassure

AvailablewithXXBank

Bysightpayment/Bypayment

ByacceptanceBydeferredpaymentBynegotiationandbeneficiary’sdraftdrawnon

□□□□□×XXBank⑵FunctionclauseAnyotherbanksotherthanthenegotiatingbank×21AvailablewithXXBank□□□①Freenegotiationcredit自由議付信用證AvailablewithanybankbynegotiationBysightpayment/BypaymentByacceptanceBydeferredpaymentBynegotiationandbeneficiary’sdraftdrawnon□□□□□×⑶TypesofnegotiationcreditAnyotherbanksotherthanthenegotiatingbank22①Freenegotiationcredit自由議付信用②Restrictednegotiationcredit限制議付信用證

AvailablewiththeXXBank(nominatedbank)bynegotiationBysightpayment/BypaymentByacceptanceBydeferredpaymentBynegotiationandbeneficiary’sdraftdrawnon□□□□□×Anyotherbanksotherthanthenegotiatingbank23②Restrictednegotiationcredit

Benefit

ExporterImporter

24BenefitExporterImporter24kindsitemsSightpaymentDeferredpaymentAcceptancenegotiationrestrictivefreeBillofexchangeYes/noNo

YesYes/noTenorofthebillAtsightUsanceAtsight/usanceDraweeNominatedbankNominatedbankAnybankotherthannegotiatingbankPaymenttimeAtsightfuturefuturemakepaymentatsight,minusinterestRightofrecourseNoNoNoYes25kindsSightpaymentDeferredAccordingtothetenor按期限分類1.Sightcredit即期信用證⑴Withorwithoutsightdraft⑵Functionclause:①Availablebysightdraftdrawnonissuingbankagainstcomplieddocuments;②Paymentistobemadeuponpresentationofthecomplieddocumentsatthecountersof____bank.Nominatedbank26Accordingtothetenor按期限分類2.TimeCreditIfaletterofcreditspecifiesthatdraftsaretobedrawnatanylengthoftime,suchas60days,90daysor180days,aftersight,itiscalledatimeorusancecredt.AcceptanceCreditandDeferredCredit272.TimeCreditIfaletterof3.Usanceletterofcreditpayableatsight假遠期信用證⑴Withtime/usancedraftThebeneficiarywillreceivepaymentatsight;Thediscountchargesandacceptancecommissionarefortheaccountoftheapplicant.Thecontract:termsofpaymentisatsightThecredit:termsofpaymentisatfuturetime283.Usanceletterofcreditpa買方為了獲得倫敦或紐約貼現(xiàn)市場的資金融通，對于合同訂明即期信用證，申請開立以倫敦或紐約的銀行作為匯票付款人的遠期信用證。該證項下遠期匯票經(jīng)過承兌拿到貼現(xiàn)市場貼現(xiàn)，或由承兌行自行貼現(xiàn)，買方支付貼現(xiàn)息，賣方即可取得即期票面金額，而買方則待匯票到期日付款。賣方即期從貼現(xiàn)公司收款買方遠期付款，支付貼現(xiàn)息、承兌費ReadingMaterial29買方為了獲得倫敦或紐約貼現(xiàn)市場的資金融通，對于合同訂明即期信⑵Functionclause:假遠期付款表示條款①Availableforacceptanceofyourdraftat90dayssightdrawnonus,draweebank’sdiscountorinterestchargesandacceptancecommissionareforapplicant’saccount,andthereforethebeneficiaryistoreceivevaluefortermsdraftsasifdrawnatsight.30⑵Functionclause:假遠期付款表示條款30②Usancedraftsdrawnunderthiscreditaretobenegotiatedatsightbasis.Interestisforbuyer’saccount.本證下的遠期匯票可按即期議付處理。利息由買方負擔。③Paymentaretobemadeatsightbasis.Discountcharges,acceptancecommissionandstampduty,ifany,areforaccountoftheapplicant.本證按即期付款處理。貼現(xiàn)費，承兌費和印花稅（如果有），由申請人承擔。④Thenegotiatingbankisauthorizedtonegotiatetheusancedraftatsightforthefaceamount.議付行被授權(quán)對本證下的遠期匯票按票面金額進行即期議付。31②UsancedraftsdrawnunderthAtransferableCreditisaCreditunderwhichtheBeneficiary(FirstBeneficiary)mayrequestthenominatedbank,specificallyauthorizedintheCreditasaTransferringBank,tomaketheCreditavailableinwholeorinparttooneormoreotherBeneficiary(ies)(SecondBeneficiary(ies)).6.2.5Transferablecredit可轉(zhuǎn)讓信用證6.2TypesofCredit信用證的種類1.Definition32AtransferableCreditisaCre可轉(zhuǎn)讓信用證是指信用證的受益人(第一受益人)可以要求授權(quán)付款,承擔延期付款責任對匯票承兌或議付的銀行(統(tǒng)稱為轉(zhuǎn)讓行),或當信用證是自由議付時,可以要求信用證中特別授權(quán)的轉(zhuǎn)讓銀行,將該信用證全部或部分轉(zhuǎn)讓給一個或數(shù)個受益人(第二受益人)使用的信用證.33可轉(zhuǎn)讓信用證是指信用證的受益人(第一受益人)可以要求授applicantIssuingbankSecondarybeneficiaryAdvisingbank/transferringbankFirstbeneficiary①Applicationform②Credit③Credit④Applyfortransfer⑤transferredcredit⑥documents⑦Advisetochangethedocuments⑧Changethedocuments⑦makepayment⑨claimreimbursement⑩reimbursement?D/P?documents2.ProcedureExperimentalbook(P91)?advisetomakepayment34applicantIssuingSecondaryAdviTransferablecreditExpressionoftransferamendmentTimesoftransferchangeditemsChangedDocumentstransferableThefirstbeneficiarymustirrevocablyinstructthetransferringbankwhetherornotheretainstherighttorefusetoallowthetransferringbanktoadviseamendmentstothesecondbeneficiary(ies).

Refusalofanamendmentbyoneormoresecondbeneficiary(ies)doesnotinvalidatetheacceptance(s)bytheothersecondbeneficiary(ies)onceAB

√ABC√ABCXABA√decrease、shortenincreaseBeneficiary,applicantUnitpriceExpirydateDateofshipmentPeriodofdateCoverpercentageCommercialinvoiceBillofexchange35TransferableExpressionofamenExerciseBookP1271.Howtodecidewhetheracreditisatransferablecreditornot?2.Doyouknowatransferablecreditbeusedinwhatkindofinternationaltrade?

36Exercise1.Howtodecidewhethe5.2.6.Aback-to-backcreditmaybeusedwhenthecreditissuedinfavoroftheexporter(themiddleman)isnottransferableorthoughtransferableitdoesnotmeethisrequirements.Theexporter,namely,thebeneficiaryofthefirstcredit,offersitasasecuritytotheadvisingbankorhisbankerfortheissuanceofasecondcredit.Theonebeingissuedonthesecurityoftheother.5.2TypesofCredit信用證的種類5.2.5

Back-to-backcredit對背信用證1.Definition375.2.6.Aback-to-backcreditmapplicantFirstIssuingbankSecondarybeneficiaryFirstadvisingbank/SecondissuingbankFirstbeneficiary①Applicationform②Credit③Credit④Applyfortransfer⑤transferredcredit⑥documents⑦Advisetochangethedocuments⑧Changethedocuments⑦makepayment⑨claimreimbursement⑩reimbursement?D/P?documents2.ProcedureExperimentalbook(P92)?advisetomakepayment38applicantFirstSecondaryFirstQuestions1.Distinguishthedifferencesbetweenthetransferablecreditandaback-to-backcredit?(definition,procedure,theissuingbank’sliability,etc.)

39Questions395.2TypesofCredit信用證的種類5.2.7Revolvingcredit循環(huán)信用證1.DefinitionOnebywhich,underthetermsandconditionsthereof,theamountisrenewedorreinstatedwithoutspecificamendmentstothedocumentarycreditbeingrequired.405.2TypesofCredit信用證的種類5.2.⑵Typesofrevolvingcredit①Automaticrevolving自動循環(huán)②Noticerevolving通知循環(huán)③Periodicrevolving按時間循環(huán)④Cumulativerevolving積累循環(huán)⑤Non-cumulativerevolving非積累循環(huán)Non-Automatic非自動循環(huán)Semi-Automatic半自動循環(huán)按金額循環(huán)41⑵TypesofrevolvingcreditNon①Automaticrevolving自動循環(huán)Thetotalamountofthiscreditshallberestoredautomaticallyafterdateofnegotiation.TheamountspaidunderthiscreditavailabletoyouautomaticallyuntilthetotalofthepaymentreachesUSD_____________.42①Automaticrevolving自動循環(huán)The②Noticerevolving通知循環(huán)（非自動循環(huán)）Theamountshallberestoredaftereachnegotiationonlyuponreceiptofissuingbank’snoticestatingthatthecreditmightberenewed.Theamountsofeachshipmentshallbereinstatedaftereachnegotiationonlyuponreceiptofcredit-writingimporter’sissuingbank’snoticestatingthatthecreditmightberenewed.43②Noticerevolving通知循環(huán)（非自動循環(huán)）TExerciseThiscreditisrevolvingatUSD30,000,coveringshipmentsof3consecutivecalendarmonthfromMay1999toJuly1999uptoatotalamountofUSD90,000.①timesofrevolving②eachamount③totalamount④whentouse44Exercise①timesofrevolving②eaPeriodicrevolvingThiscreditisrevolvingatUSD30,000,coveringshipmentsof3consecutivecalendarmonthfromMay1999toJuly1999uptoatotalamountofUSD90,000.45PeriodicrevolvingThiscreditAutomaticrevolvingThisletterofcreditcanbeautomaticallyrenewedtotheamount...46AutomaticrevolvingThisletterThisletterofcreditcannotbereneweduntilreceivedthenoticefromtheissuingbank...Non-automaticrevolving47ThisletterofcreditcannotbUsuallyconcernedwithabartertransactions.Theopenerandbeneficiaryarebothimportersandexporters.BookP142lastparagraph6.2TypesofCredit信用證的種類6.2.7Reciprocalcredit對開信用證48Usuallyconcernedwithabarte

我方進口國外原料時，開立憑承兌交單的遠期信用證，在出口成品時，要求對方開來即期信用證，這樣原料到，我方在承兌信用證項下的遠期匯票后，即可提取原料進行加工，待成品完工后，就用收到的出口貨款償付應(yīng)付的到期原料費，可使外匯自相平衡，以達到先收后付，不墊外匯的目的。49我方進口國外原料時，開立憑承兌交單的遠期信用證，在出口Itisakindofpre-shipmentfinancingintendedtoassisttheexporterintheproductionorprocurementofthegoodssold.Itisacreditwithaspecialclauseaddedtheretothatauthorizestheadvisingbankoranyothernominatedbankstomakeadvancestothebeneficiarybeforehissubmissionofdocuments.6.2TypesofCredit信用證的種類6.2.8Redclause/Anticipatorycredit紅條款/預(yù)支信用證1.Definition50Itisakindofpre-shipmentfAredclauseletterofcreditwillbeestablishedonlyattherequestoftheapplicant,itplacestheonusoffinalrepaymentontheapplicant,whowouldbeliableforrepaymentoftheadvancesifthebeneficiaryfailedtopresentthedocumentscalledforunderthecredit,andwhowouldbeliableforallcosts.BookP144secondparagraph51AredclauseletterofcreditBenefitsofthedocumentarycredit信用證的有利方面1.WhatadvantagesandsecuritiescaneachpartygetinL/C？2.Sincethebankcredithastakenplaceofthecommercialcredit,doeseachpartyhasnorisksinL/C？52BenefitsofthedocumentaryLetterofCredit

53LetterofCredit1

Review54Review21.Procedure

2.Characteristic3.Parties4.Types551.Procedure3.Parties4.TypesTypesofCredit6.4信用證的種類56TypesofCredit6.4信用證的種類4信用證的種類普通信用證特殊信用證光票信用證CleanCredit跟單信用證DocumentaryCredit不可撤銷信用證IrrevocableCredit即期付款信用證SightPaymentCredit可撤銷信用證RevocableCredit議付信用證NegotiationCredit承兌信用證AcceptanceCredit延期付款信用證DeferredPaymentCredit可轉(zhuǎn)讓信用證TransferableCredit對背信用證BacktoBackCredit對開信用證ReciprocalCredit循環(huán)信用證RevolvingCredit預(yù)支信用證AnticipatoryCredit備用信用證Stand-byCredit57信普通信用證特殊信用證光票信用證CleanCredit跟

ACreditmuststatewhetheritisavailablebysightpayment,deferredpayment,acceptanceornegotiation.ＵＣＰ６００Article6b58ＵＣＰ６００6Accordingtothemodeofavailability按兌用方式分類1.Sightcredit即期付款信用證⑴Definition:Aletterofcreditcallingforpaymentatonceuponthepresentationofthedocumentseitherwithorwithoutasightdraft.Draft?59Accordingtothemodeofavail

Undersuchacredit,thebeneficiary(thedrawer)isentitledtoreceivepaymentatonceonpresentationofhisdrafttothedraweebankortheissuingbankifdrawnontheissuingbank,oncetherelevantdocumentshavebeencheckedandfoundtobeinorder.60Undersuchacredit,thebe

AvailablewithXXBank

Bysightpayment/Bypayment

ByacceptanceBydeferredpaymentBynegotiationandbeneficiary’sdraft_____drawnon

□□□□□×SightpayingbankXXBank⑵FunctionclauseIssuingbank/nominatedbank×atsight61AvailablewithXXBank□□

Benefit

ExporterImporter

62BenefitExporterImporter105.2.4Accordingtothemodeofavailability按兌用方式分類2.Acceptancecredit承兌信用證⑴Definition:Acreditavailablebyacceptance,underwhichabankspecificallynominateduponthereinisauthorizedtoacceptthedraftdrawnunderthecredit.635.2.4Accordingtothemodeof

AvailablewithXXBank

Bysightpayment/Bypayment

ByacceptanceBydeferredpaymentBynegotiationandbeneficiary’sdraftdrawnon

□□□□□×XXBank⑵Function

clauseIssuingbank/nominatedbankAcceptingbank

×At30daysaftersight64AvailablewithXXBank□□

Benefit

ExporterImporter

65BenefitExporterImporter13⑶Operationofacceptancecredit承兌信用證的處理nominatedacceptingbank1.acceptedbillbeneficiaryDiscountingbank2.discount3.presentforpayment66⑶OperationofacceptancecrediAccordingtothemodeofavailability按兌用方式分類3.Deferredpaymentcredit延期付款信用證①At…daysafterthepresentationofthedocuments②At…daysafterthedateofshipment⑴Definition:Thebeneficiarydoesnotreceivepaymentwhenhepresentsthedocuments,butatalaterdatespecifiedinthecredit.67Accordingtothemodeofavai

AvailablewithXXBank

Bysightpayment/Bypayment

ByacceptanceBydeferredpaymentBynegotiationandbeneficiary’sdraftdrawnon

□□□□□×XXBank⑵FunctionclauseIssuingbankAdvisingbankThirdbankWithoutabillofexchange68AvailablewithXXBank□□

Benefit

ExporterImporter

69BenefitExporterImporter17QuestionIfyouareanexporter,doyouprefertheacceptancecreditorthedeferredpaymentcredit?

70Question185.2.4Accordingtothemodeofavailability按兌用方式分類4.Negotiationcredit議付信用證⑴Definition:Anegotiationcreditisoneunderwhichabankspecificallynominatedisauthorizedtonegotiateorone,whichisfreelynegotiablebyanybank.715.2.4Accordingtothemodeof

Anegotiationcreditassuresthatanybanknegotiatingthedraftswillbedulyhonoredbytheissuingbankprovidedallthetermsstipulatedarecompliedwith.Dishonor?Negotiatingbankisaholderinduecourse72Anegotiationcreditassure

AvailablewithXXBank

Bysightpayment/Bypayment

ByacceptanceBydeferredpaymentBynegotiationandbeneficiary’sdraftdrawnon

□□□□□×XXBank⑵FunctionclauseAnyotherbanksotherthanthenegotiatingbank×73AvailablewithXXBank□□□①Freenegotiationcredit自由議付信用證AvailablewithanybankbynegotiationBysightpayment/BypaymentByacceptanceBydeferredpaymentBynegotiationandbeneficiary’sdraftdrawnon□□□□□×⑶TypesofnegotiationcreditAnyotherbanksotherthanthenegotiatingbank74①Freenegotiationcredit自由議付信用②Restrictednegotiationcredit限制議付信用證

AvailablewiththeXXBank(nominatedbank)bynegotiationBysightpayment/BypaymentByacceptanceBydeferredpaymentBynegotiationandbeneficiary’sdraftdrawnon□□□□□×Anyotherbanksotherthanthenegotiatingbank75②Restrictednegotiationcredit

Benefit

ExporterImporter

76BenefitExporterImporter24kindsitemsSightpaymentDeferredpaymentAcceptancenegotiationrestrictivefreeBillofexchangeYes/noNo

YesYes/noTenorofthebillAtsightUsanceAtsight/usanceDraweeNominatedbankNominatedbankAnybankotherthannegotiatingbankPaymenttimeAtsightfuturefuturemakepaymentatsight,minusinterestRightofrecourseNoNoNoYes77kindsSightpaymentDeferredAccordingtothetenor按期限分類1.Sightcredit即期信用證⑴Withorwithoutsightdraft⑵Functionclause:①Availablebysightdraftdrawnonissuingbankagainstcomplieddocuments;②Paymentistobemadeuponpresentationofthecomplieddocumentsatthecountersof____bank.Nominatedbank78Accordingtothetenor按期限分類2.TimeCreditIfaletterofcreditspecifiesthatdraftsaretobedrawnatanylengthoftime,suchas60days,90daysor180days,aftersight,itiscalledatimeorusancecredt.AcceptanceCreditandDeferredCredit792.TimeCreditIfaletterof3.Usanceletterofcreditpayableatsight假遠期信用證⑴Withtime/usancedraftThebeneficiarywillreceivepaymentatsight;Thediscountchargesandacceptancecommissionarefortheaccountoftheapplicant.Thecontract:termsofpaymentisatsightThecredit:termsofpaymentisatfuturetime803.Usanceletterofcreditpa買方為了獲得倫敦或紐約貼現(xiàn)市場的資金融通，對于合同訂明即期信用證，申請開立以倫敦或紐約的銀行作為匯票付款人的遠期信用證。該證項下遠期匯票經(jīng)過承兌拿到貼現(xiàn)市場貼現(xiàn)，或由承兌行自行貼現(xiàn)，買方支付貼現(xiàn)息，賣方即可取得即期票面金額，而買方則待匯票到期日付款。賣方即期從貼現(xiàn)公司收款買方遠期付款，支付貼現(xiàn)息、承兌費ReadingMaterial81買方為了獲得倫敦或紐約貼現(xiàn)市場的資金融通，對于合同訂明即期信⑵Functionclause:假遠期付款表示條款①Availableforacceptanceofyourdraftat90dayssightdrawnonus,draweebank’sdiscountorinterestchargesandacceptancecommissionareforapplicant’saccount,andthereforethebeneficiaryistoreceivevaluefortermsdraftsasifdrawnatsight.82⑵Functionclause:假遠期付款表示條款30②Usancedraftsdrawnunderthiscreditaretobenegotiatedatsightbasis.Interestisforbuyer’saccount.本證下的遠期匯票可按即期議付處理。利息由買方負擔。③Paymentaretobemadeatsightbasis.Discountcharges,acceptancecommissionandstampduty,ifany,areforaccountoftheapplicant.本證按即期付款處理。貼現(xiàn)費，承兌費和印花稅（如果有），由申請人承擔。④Thenegotiatingbankisauthorizedtonegotiatetheusancedraftatsightforthefaceamount.議付行被授權(quán)對本證下的遠期匯票按票面金額進行即期議付。83②UsancedraftsdrawnunderthAtransferableCreditisaCreditunderwhichtheBeneficiary(FirstBeneficiary)mayrequestthenominatedbank,specificallyauthorizedintheCreditasaTransferringBank,tomaketheCreditavailableinwholeorinparttooneormoreotherBeneficiary(ies)(SecondBeneficiary(ies)).6.2.5Transferablecredit可轉(zhuǎn)讓信用證6.2TypesofCredit信用證的種類1.Definition84AtransferableCreditisaCre可轉(zhuǎn)讓信用證是指信用證的受益人(第一受益人)可以要求授權(quán)付款,承擔延期付款責任對匯票承兌或議付的銀行(統(tǒng)稱為轉(zhuǎn)讓行),或當信用證是自由議付時,可以要求信用證中特別授權(quán)的轉(zhuǎn)讓銀行,將該信用證全部或部分轉(zhuǎn)讓給一個或數(shù)個受益人(第二受益人)使用的信用證.85可轉(zhuǎn)讓信用證是指信用證的受益人(第一受益人)可以要求授applicantIssuingbankSecondarybeneficiaryAdvisingbank/transferringbankFirstbeneficiary①Applicationform②Credit③Credit④Applyfortransfer⑤transferredcredit⑥documents⑦Advisetochangethedocuments⑧Changethedocuments⑦makepayment⑨claimreimbursement⑩reimbursement?D/P?documents2.ProcedureExperimentalbook(P91)?advisetomakepayment86applicantIssuingSecondaryAdviTransferablecreditExpressionoftransferamendmentTimesoftransferchangeditemsChangedDocumentstransferableThefirstbeneficiarymustirrevocablyinstructthetransferringbankwhetherornotheretainstherighttorefusetoallowthetransferringbanktoadviseamendmentstothesecondbeneficiary(ies).

Refusalofanamendmentbyoneormoresecondbeneficiary(ies)doesnotinvalidatetheacceptance(s)bytheothersecondbeneficiary(ies)onceAB

√ABC√ABCXABA√decrease、shortenincreaseBeneficiary,applicantUnitpriceExpirydateDateofshipmentPeriodofdateCoverpercentageCommercialinvoiceBillofexchange87TransferableExpressionofamenExerciseBookP1271.Howtodecidewhetheracreditisatransferablecreditornot?2.Doyouknowatransferablecreditbeusedinwhatkindofinternationaltrade?

88Exercise1.Howtodecidewhethe5.2.6.Aback-to-backcreditmaybeusedwhenthecreditissuedinfavoroftheexporter(themiddleman)isnottransferableorthoughtransferableitdoesnotmeethisrequirements.Theexporter,namely,thebeneficiaryofthefirstcredit,offersitasasecuritytotheadvisingbankorhisbankerfortheissuanceofasecondcredit.Theonebeingissuedonthesecurityoftheother.5.2TypesofCredit信用證的種類5.2.5

Back-to-backcredit對背信用證1.Definition895.2.6.Aback-to-backcreditmapplicantFirstIssuingbankSecondarybeneficiaryFirstadvisingbank/SecondissuingbankFirstbeneficiary①Applicationform②Credit③Credit④Applyfortransfer⑤transferredcredit⑥documents⑦Advisetochangethedocuments⑧Changethedocuments⑦makepayment⑨claimreimbursement⑩reimbursement?D/P?documents2.ProcedureExperimentalbook(P92)?advisetomakepayment90applicantFirstSecondaryFirstQuestions1.Distinguishthedifferencesbetweenthetransferablecreditandaback-to-backcredit?(definition,procedure,theissuingbank’sliability,etc.)

91Questions395.2TypesofCredit信用證的種類5.2.7Revolvingcredit循環(huán)信用證1.DefinitionOnebywhich,underthetermsandconditionsthereof,theamountisrenewedorreinstatedwithoutspecificamendmentstothedocumentarycreditbeingrequired.925.2TypesofCredit信用證的種類5.2.⑵Typesofrevolvingcredit①Automaticrevolving自動循環(huán)②Noticerevolving通知循環(huán)③Periodicrevolving按時間循環(huán)④Cumulativerevolving積累循環(huán)⑤Non-cumulativerevolving非積累循環(huán)Non-Automatic非自動循環(huán)Semi-Automatic半自動循環(huán)按金額循環(huán)93⑵TypesofrevolvingcreditNon①Automaticrevolving自動循環(huán)Thetotalamountofthiscreditshallberestoredautomaticallyafterdateof