unit 10-2documentary credit.pptVIP

二、The contractual arrangement under a L/C operation 1. The sales contract between beneficiary and applicant. 2. The application between issuing bank and applicant. 3. The documentary credit between beneficiary and issuing bank. 三、Advantages and Disadvantages of L/C (一) Advantage 1. Once conforming documents are presented to the negotiating bank, beneficiary will be sure to secure negotiation, and therefore speeds up his funds turn over. 2. The burden of bankroll is more balanceable than collection. 信用证业务中常见的费用 1、出口地银行:通知费、议付费 ( 验单费 ) 、邮费、电报费、保兑费 2、进口开证行:开证费、电报费、修改费、不符点费、承兑费 3、第三国银行:偿付行费用、中转行扣费、电报费、保兑费 4、其他特殊扣费,一般会在信用证中列明，比如晚装运1-10天，扣款1%，晚装运11-20天，扣款2%；开证行将收取付款佣金USD200/笔等 货物描述 特殊条款 特殊条款 信用证结束 Section 4 Classification of Letter of Credit 一、According to the revocability of credit 1. Revocable Credit 2. Irrevocable Credit 二、 According to the adding of confirmation 1. Confirmed Credit 2. Unconfirmed Credit Eg. This notification and enclosed advice are sent to you without any engagement on our part. 三、 According to the availability of payment (一) Sight payment Credit 1. Paying bank is the issuing bank itself. Undertaking Clause in D.C: We hereby engage that payment will be duly made against sight draft and documents / documents presented in conformity with the terms of this Credit. 2、Paying bank is the nominated bank. Undertaking Clause in L/C: Credit available by payment with the nominated bank For your payment you are authorized to charge our account with ------------ Bank By payment at sight against the documents detailed herein and Beneficiary ’s draft(s) drawn on Bank of China, Tianjin （二）Deferred payment Credit Undertaking Clause in D.C: We hereby engage that payment will be duly made at maturity i.e. XX days after presentation of documents XX days after the date of shipment A fixed future date against the documents presented in conformity with the terms of this Credit. By deferred payment a