Chapter 7 LC Practice信用证实务 国际结算 教学课件.pptVIP

* In this chapter, you will learn ?Import credit operation ? Export credit operation ? Credit financing In practice, you should know: ?How to check a credit application form ?How to issue a credit ? You can apply the UCP600 in operation Importer applicant Exporter beneficiary Issuing bank Advising/ Negotiating bank ③ Credit ⑧ payment ④ credit ⑨claim reimbursement ? advise to Make payment ①S/C Shipping Company ② Application ?goods ?B/L ?payment ⑦documents ⑤goods Import L/C ① ② ③ ④ ? ? ⑥ ⑦ ⑧ ⑨ ⑩ ⑤ ⑥B//L ⑩reimbursment ? ? Reimbursing bank or⑨documents or⑩make payment Documentary Credit Procedure ,experimental book(P63) Export L/C Documentary credit application申请开证 Security arrangement开证时的保障协议 Issuance of credit开立信用证 Amendment of the credit信用证的修改 Examination of documents and dishonor 审单和拒付 7.1 Import Credit operation 7.1.1 Documentary credit application 1.Refer to documents only 2.Be clear and concise:simple and specific 3. Do not specify impossible documentation. Rules to follow Book,P165 Homework 1.Experimental book P76：Check the credit application form. Margins: cash, advance deposit Line of credit 3.Third party guarantee Mortgage, accepted bill of exchange, export credit Question Does applicant must present total value of credit as margins? Book P168 7.1 Import Credit operation 7.1.2 Issuance of credit 1.Reviewing the documentary credit application (1) Be in compliance with the policies, legal requirements or regulations of the issuing bank? (2)Every detail is correctly completed? (3)Applicant’s instruction acceptable? (4) Any “non-documentary conditions”? 2. Completion of the standard documentary issuance form (1)Irrevocable /Revocable (2)L/C Number (3)Place and Date of Issue (4)Expiry date and place (5)Applicant 1.basic items (6) Beneficiary (7) Advising Bank (8) L/C Amount (9) Insurance covered by buyer (10) Payment terms ┌ Commercial Inv. ⑵Invoice├