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信用证被拒处理(The L C has been refused)
信用证被拒处理(The L C has been refused)
The operation of the L / C against refusal of payment
Engaged in import and export trade company in the credit business, must have been refused experience, some experience and even dangerous, and some lack of experience in the company received the issuing bank proposed discrepant notice, often confound hurried customer acceptance, the price of the request, directly caused economic losses. As a matter of fact, the payment of a document under a letter of credit does not mean that the goods under the export item have been condemned to death, and the price reduction is not the only solution to the problem. So we dont need to talk about the discrepancy of discoloration, their first confusion.
We have to clear up a few questions about the receipt of the protest:
1. protest against documents containing discrepancies is the right of the international practice to the issuing bank. We know that the issuing bank letter of credit is a conditional payment undertaking, as long as the documents, the issuing bank must pay, but once the documents with discrepancies, the issuing bank has the right to submit documents to the party put forward discrepancies and lift their payment obligations, this is also a protection from the issuing bank for the practice of himself. After the protest, discrepancies will be given to the applicant, and if the applicant accepts discrepancies, the issuing bank will generally pay.
2. documents are refused, the beneficiary has the right to dispose of the documents, which means that the right goods are not lost, the beneficiary may dispose of the goods according to the actual situation, but it must have a premise, is required by the letter of credit must be a full set of bills of lading, if 1/3 bill of lading has been sent to the applicant to submit to the bank the credit the 2/3 bill of lading will inevitably lose money two risk.
3. it may bring additional benefits after the bill is dishonoured. After the document has bee
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