信用证的种类（Types of L C）.docVIP

信用证的种类（Types of L C） Types of L / C Classification by basic nature A, according to whether the beneficiary submits documents for documentary credit and clean credit Documentary credit (Documentary Credit) is a letter of credit opened by the issuing bank, drawn on documentary drafts or solely against documents. A document is a transport document that represents the goods or proves that the goods have been delivered. Such as Bill of lading, railway bill, air waybill, etc.. It usually includes invoices, insurance policies, commercial orders and international documentary credits. Clean credit (Clean Credit) is the issuing bank by payment of the draft document of credit, such as a draft list of goods not including invoices, transport documents, is still clean. B according to the responsibility of the issuing bank, it is divided into irrevocable letter of credit and revocable letter of credit Irrevocable letter of credit is a letter of credit, in the period of validity, without the beneficiary, the applicant and the confirming bank (if any) to the issuing bank shall not unilaterally modify or withdraw credit and commitment. The letter of credit does not indicate whether it can be cancelled or irrevocable letter of credit. Letters of credit used in international trade are basically irrevocable letters of credit. A revocable credit means that the issuing bank has the right to amend or cancel it at any time, but the cancellation or amendment of the bank is null and void if the beneficiary has guaranteed the negotiation, acceptance or extension of payment in accordance with the credit. C, according to whether there is another bank for credit insurance, can be divided into the letter of credit and letter of credit Confirmed Letter of Credit (L / C) means the letter of credit opened by the issuing bank and is guaranteed by another bank to meet the payment obligations stipulated in the letter of credit. A bank which adds a credit to a credit is called a confirming bank and the