自考国际商务英语lesson12.pptVIP

International Business English Lesson 12 The Letter of Credit (II) Business Knowledge (1) Major types of credits and their functions, forms and mechanism A. Clean credit and documentary credit B. Revocable credit and irrevocable credit C. Confirmed credit and unconfirmed credit D. Sight credit and usance credit E. Transferable credit and non-transferable credit F. Non-draft credit G. Revolving credit (2) The limitations of the letter of credit A. Inability to provide absolute security B. Being more expensive than other forms of payment Trade Terms 1. Clean credit 光票信用证: The credits only require clean draft. 2. Non-trade settlement 非贸易结算 3. Revocable credit 可撤消信用证: The credits can be altered or even canceled without consulting with the beneficiary. 4. Irrevocable credit 不可撤消信用证: The credits can not be amended or revoked without the consent of all the parties concerned. 5. Maturity 到期，满期 6. Nationalize 国有化 7. Confirmed credit 保兑信用证: The credit is confirmed by a bank other than the issuing bank 8. Leading bank (Prime bank, First rate bank) 主要银行 9. Sight credit 即期信用证: The credit by which payment can be made upon presentation of the draft and impeccable documents by the beneficiary to the bank. 10.Usance credit (Term credit, Time credit) 远期信用证:The credit by which payment cannot be made until a specific date or a specific time after the date of after sight. 11.Capital turnover 资金周转 12.Face value 面值 13. Transferable credit 可转让信用证: The credit can be transferred by the original beneficiary to one or more parties. 14. Non-transferable credit 不可转让信用证: The credit can not be transferred. 15. Non-draft credit 无汇票信用证: The credit that payment of to be made by presentation of the documents without the formality of drawing and presenting a draft. 16. Discount 折扣 17. Deferred payment 延期付款 18. Revolving credit 循环信用证: The credit stipulated that its amount can be renewed or reinstated without specific amendment to the credit being made. 19. Insolvent 无支付能力的 20. The documentary credit