第10章信用证(讲义).docVIP

Section 1 Introduction of L/C Main parties involved in L/C Applicant （ccountee, Opener, for account of…, by order of…, at the request of…） Issuing bank （pening bank, Establishing bank） Advising bank （otifying bank） Beneficiary（… favor） Negotiating bank（Negotia bank） Confirming bank Paying bank Categories of Letters of Credit Documentary Credit / Clean Credit跟单信用证与光票信用证 Irrevocable Documentary Credits不可撤销的跟单信用证 Confirmed / Unconfirmed L/C保兑的与非保兑的信用证 Negotiation Credit议付信用证 Sight L/C 即期信用证Time/Usance L/C 远期信用证Acceptance L/C 承兑信用证 Deferred Payment L/C 延期信用证 Reciprocal L/C 对开信用证 Transferable L/C可转让信用证 Revolving L/C循环信用证 Back to back L/C背对背信用证 Standby L/C备用信用证 The Main Procedures of L/C A contract is made between the exporter and the overseas buyer stipulating payment by letter of credit. The overseas buyer instructs the bank at the residence of the buyer to open an L/C in favor of the exporter on the terms agreed in the contract of sale. An L/C is opened and forwarded to the bank（also called the advising bank）at the residence of the exporter by the issuing bank. The advising bank delivers the L/C to the exporter and advises the exporter to arrange for the delivery of the goods and prepare the necessary documents. The exporter must take care in scrutinizing the documentary letter of credit to make sure whether all the terms and conditions in the credit can be complied with. If not, the L/C should be rejected immediately and require amendments, which must be made in advance of shipment of the goods, otherwise the exporter may be faced with the risk his draft being dishonored by the bank. On shipment, the exporter presents the shipping documents to his advising bank（or negotiating bank）with the request for payment in accordance with the payment terms. The advising bank（or the negotiating bank）checks the document