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2010环球报关员第100讲(2010 global customs broker 100th)
2010环球报关员第100讲(2010 global customs broker 100th)
3 transferable letter of credit and non transferable L / C
(1) transferable letter of credit (transferable L/C);
A transferable L / C means a letter of credit in which the beneficiary may transfer the rights of a credit to another.
(2) a non transferable L / C means a letter of credit in which the beneficiary has no right to transfer to another.
Note: if there is no assignable in the L / C, the letter of credit is not transferable.
4, back to back letter of credit (back to back L/C)
Also called credit transferable letter of credit, the beneficiary refers to the original license for the original certificate of the advising bank or other banks in the original credit basis and guarantee, otherwise open a card similar to the original content of the new credit for entrepot trade.
5, L / C
Two L / C opened by the applicant in favour of each other. Two letters of credit in equal or approximately equal amount may be opened at the same time, or may be opened successively, mostly for barter trade.
Radio examination questions (2008 examination questions)
The following statements about payment methods are wrong:
A. remittance for payment, cash on delivery
B. in the collection business, the transfer of notes and documents as settlement instruments is in reverse direction with the flow of funds, so it is a reverse remittance
C. in accordance with the relevant provisions of the UCP600, in the letter of credit business, as long as the beneficiary to submit documents in accordance with the terms of the letter of credit, the issuing bank should bear the responsibility for the negative
D. in accordance with the relevant provisions of the UCP600, if not made clear, the letter of credit is revocable
Answer: D
Revocable letter of credit and irrevocable letter of credit, unless the credit certificate is revocable, if it is revocable, irrevocable letter of credit, if not specified, is irrevocable letter of credit.
Radio examination questions
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