Chaptr 5 Letter of credit国际结算.ppt

5.1 An Overview of L/C 5.1.1 Definition of L/C 5.1.2 Contents of a L/C 5.1.3 Characteristics of a L/C 5.1.4 Parties involved in a L/C UCP600－主要修改内容 UCP600－主要修改内容 UCP600－主要修改内容 开证行（Issuing bank/the buyer’s bank） By issuing a credit the issuing bank undertakes full responsibility for payment If a nominated bank determines that a presentation is complying and forwards the documents to the issuing bank or confirming bank, whether or not the nominated bank has honoured or negotiated, an issuing bank or confirming bank must honour or negotiate, or reimburse that nominated bank, even when the documents have been lost in transit between the nominated bank and the issuing bank or confirming bank, or between the confirming bank and the issuing bank.(Art.35) Nominated bank Nominated bank means the bank with which the credit is available or any bank in the case of a credit available with any bank. Unless the credit stipulates that it is available only with the issuing bank, all credits must nominate the bank which is authorized to pay, to incur a deferred payment undertaking, to accept draft or to negotiate. In a freely negotiable credit, any bank can be seen as a nominated bank. 5.2 Procedures of L/C 5.3 Types of L/C 5.3.1 Confirmed Irrevocable Credit 5.3.2 According to the mode of availability Sight Payment/Acceptance/Deferred Payment/Negotiation Credit 5.3.3 Straight Credit 5.3.4 Anticipatory Credit 5.3.5 Transferable Credit 5.3.6 Back-to-back credit 5.3.7 Revolving credit 5.3.8 Reciprocal credit 5.3.9 Standby letters of credit Transferring bank means a nominated bank that transfers the credit or, in a credit available with any bank, a bank that is specifically authorized by the issuing bank to transfer and that transfers the credit. An issuing bank may be a transferring bank.(Art.38) UCP600中允许开证行作为转让行解决了被指定银行拒绝转让的问题。 If the first beneficiary is to present its own invoice and draft, if any, but fails to do so on the first demand, or if th