外贸英语函电实训四.docVIP

外贸英语函电实训四 1. Warming up practice: Ⅰ. Translate the following L/C stipulation into Chinese orally. 1）All draft(s) drawn under this credit must contain the clause “Drawn under Bank of China, Tianjin credit No.2013 dated 19th October, 2003.” 2）Bill of Lading must be dated not before the date of this credit but later than OCT. 15, 2003. 3）Port congestion surcharges, if any, at the time of shipment is for opener’s account. 4） In reimbursement, please draw on our head office account with your New York office. 5） We hereby engage with drawers and/or bona fide holders that draft(s) drawn and negotiated on presentation and that draft(s) accepted within the terms of this credit will be duly honored at maturity. 6） This credit is subject to the Uniform Customs and Practice for Documentary credits-UCP(1993 Revision) International Chamber of Commerce publication No. 500. 7） Beneficiaries’ declaration on invoice that the production company is a state-owned enterprise and has no relation with Israel whatsoever. 8） Full set of at least three signed copies of clean “On Board” ocean bills of lading showing beneficiary as shipper, made out to order of shipper and endorsed to the order of London commercial bank marked with the documentary credit No. Freight prepaid and notify buyers. Ⅱ.Read more Classification of Letter of Credit Letters of credit may be classified into several kinds： 1．According to the attaching of documents 1）Clean credit A clean credit is a credit against which the beneficiary of the credit may draw a bill of exchange without presentation of documents. Payment will be effected only against a daft without any shipping documents attached thereto or sometimes, against a draft with an invoice alone attached thereto. 2）Documentary credit A documentary credit is universally used as a method of payment in international trade. It is a credit under which payment will be made against documents representing title to the goods and thus making the transfer of title possible