第七章市场理论（一）.ppt

Documents Under L/C Objectives The main objectives of this Unit are to learn about different types of documents used in international trade, which documents are usually required, the requirements for various documents and how to fill in these documents correctly. Objectives What to Learn The importance of documents in international settlement Some major documents used in documentary credit Sample documents Introduction: Why Use Documents in International Settlement In the process of international trade settlements, the relevant parties are dealing with documents, not goods. Banks will generally pay against documents; Exporters will only receive payment by handling over the required documents; Importers will only rely on documents. Importance of documents in international settlement Documents are at the heart of all forms of international payment. It is, therefore, essential to have a good knowledge of the function of the different kinds of documents, their limitations as well as the specific problems that may possibly arise when handling them Importance of documents in international settlement Most international trade transactions require certain transport documents, administrative documents, commercial documents and insurance documents. The documents called for by a payment method will differ somewhat according to the nature of the transaction, the goods and the countries of exporter and importer. Importance of documents in international settlement There are a great variety of documents that may need to be produced to complete export/import transactions; some estimates indicate over 200 different documents are used in international trade. However, in most export transactions, only a few certain documents are used (invoice, packing list and transport document). Importance of documents in international settlement Some documents, furthermore, such as bill of lading and commercial invoice, are required in all transactions. Functions Documents Fulfill (1) Proof