国际结算chapter6-LCPractice.pptVIP

* Procedure of credit Stage 10 examination of documents by issuing bank开证行审单 Standard for Examination of Documents：refer to Stage 7 When the issuing bank determines that a presentation does not comply, it may refuse to honor. If it decides to do so, it must give a single notice to that effect to the presenter. The notice must state: i.that the bank is refusing to honor; and ii. each discrepancy; and * Procedure of credit iii. a) that the bank is holding the documents pending further instructions from the presenter; or b) that the issuing bank is holding the documents until it receives a waiver from the applicant and agrees to accept it, or receives further instructions from the presenter prior to agreeing to accept a waiver; or c)that the bank is returning the documents; or d)that the bank is acting in accordance with instructions previously received from the presenter. * [Exercise] 1.Is the following refusal notice acceptable for a DC subject to UCP 600? We refuse the documents and have found the following three discrepancies in the presented documents: （1）The port of discharge in the B/L is not the same as that stated in the DC. （2）Presentation after expiry. （3）Corrections in the certificate of origin are not authenticated by the issuer. * 2. Is this refusal notice acceptable for a DC subject to UCP 600? We refuse to pay you due to the following three discrepancies: （1）The commercial invoice does not meet the terms and conditions of the DC. （2）Third party B/L presented. （3）Unclean B/L presented. Meanwhile we are holding the documents at your disposal and risk. * Procedure of credit Stage 11 reimbursement between the nominated bank and the issuing bank Stage 12 the buyer reviews the documents and makes payment * 【CASE6-10】 An irrevocable negotiation documentary credit said: “full set shipping clean on board bill of lading marked ‘freight prepaid’ to order of issuing bank”, “Loading on board from MMM Port, not later than dd/