[经济学]第七章 信用证实务.ppt

chapter 7 7.1 Practice of Inward Letter of Credit 3) Checking the application by the issuing bank (2) The form of credit 5) Amendment and revocation (2) Amendments must be authorized by the buyer and issued by the issuing bank to the seller through the same channels as the original L/C 2. Receiving documents for Issuing Bank ② principles by exaiming documents Ⅲ. The documents must comply with terms and conditions of credit. Ⅳ. The documents must be consistent with each other. Ⅴ. The parties involved only chenck documents clearly identified in the L/C, nondocument conditions would be ignored. c.Transport document indicates the number of full set of originals. Transport document is not a “charter party” transport, unless it agreed by the credit. Transport document is not a forwarder’s transport document. Transport document indicates the name of consignee as required in the credit. Transport document is endorsed appropriately if needed. Transport document indicates the name and address of the notify party as required in the credit. Transport document bears the name of shipper or its agent. Transport document indicates freight prepaid or freight collected as requied in the credit. Transport document has no unclean notation. d.Insurance document is issued in the form required in the credit, insurance policy, or insurance certificate, or cover notes plus declaration. Insurance document indicates the number of full set of the insurance document. Insurance document is issued and signed by the insurance company or underwriter or their agent. Insurance document document has the date of issuance or date from when cover is effective, at the latest from the date of loading on board or dispatch or taking in charge of the goods, as the case may be. Insurance document has the value insured as required by the documentary credit, normally 110% of the invoice value. Insurance document describes the goods as the same as that in the invoi