信用证,报盘.pptVIP

2011-11-8 Chapter 13 Urging Establishment of L/C 2011-11-8 Documentary Letter of Credit (L/C) A documentary L/C is an agreement with banks, made by an importer, to pay an exporter, provided certain conditions are fulfilled. The importers apply to one of their bankers to issue the L/C in favor of their suppliers through a bank in the suppliers’country. 2011-11-8 Key terms documentary L/C 跟单信用证The importer avoids risk of the seller’s default to deliver goods, because the payment is made to the seller only after documents certifying goods delivery are produced. 2011-11-8 2011-11-8 2011-11-8 Further Operation of an L/C 5. The seller, after getting the L/C, effects shipment of the ordered goods, and then goes to a negotiating bank (议付行) for his proceeds (货款) by presenting the necessary shipping documents. (Sometimes the advising bank can act as the negotiating bank.) 2011-11-8 Further Operation of an L/C Further Operation of an L/C 6. After making payment, the negotiating bank send the shipping documents to the issuing bank and at the same time asks for the reimbursement (付还) of the money it has paid to the seller as proceeds. 2011-11-8 Further Operation of an L/C 7. The buyer reimburses the payment by the issuing bank and gets from it the shipping documents. 8. The buyer finally takes delivery with the shipping documents. 2011-11-8 If the importers wish to guarantee payment of the L/C, they will ask their banker to issue an irrevocable （不可撤销的）one. An irrevocable L/C is one which the issuing bank can not revoke without consent from the exporter. This means the credit cannot be exchanged without the exporters’and bankers’agreement. irrevocable L/C 2011-11-8 Documentary Letter of Credit the beneficiary should attach all shipping documents required. 2011-11-8 Documentary Letter of Credit If, in addition, the importers want the advising bank in the sellers’country to guarantee the L/C, they will request confirmation by the advising bank. The L/C then becomes a confirmed