外贸函电 Chapter 9 Letter of Credit.pptVIP

* * Chapter 9 Letter of Credit 信 用 证 1. Definition of L/C A letter of Credit is the written promise of a bank that acts on the instructions of the applicant and undertakes to pay the beneficiary the amount of money specified in the credit. 信用证(Letter of Credit，L／C) 指开证银行应申请人的要求并按其指示向第三方开立的载有一定金额的，在一定的期限内凭符合规定的单据付款的书面保证文件。 信用证是国际贸易中最主要、最常用的支付方式。 2. Parties in an L/C (1) The Applicant （开证申请人） The importer (buyer) who applies for the letter of credit is called the applicant or the opener. (2) The Issuing Bank （开证行） The bank that issues the credit is called the issuing bank (Opening Bank/ Establishing Bank) (3) The Advising Bank （通知行） The advising bank refers to the correspondent bank at the seller’s country who advises the L/C to the beneficiary. (4) The Confirming Bank （保兑行） The bank that adds its confirmation to the credit is called the confirming bank. (5) The Negotiating Bank （议付行） The bank, either nominated by the opening bank or at its own choice, buys the exporter’s draft is called a negotiating bank. (6) The Beneficiary （受益人） The exporter in whose favor the credit is opened is called the beneficiary. 3. The Contents of an L/C General Statements Credit Number, date of issue, date and place of negotiation (2) Types of L/C irrevocable , transferable , confirmed… (3) Parties to an L/C (4) Draft Clauses The Drawee, the tenor, other clause (5) Description of Commodities Name, specifications, quantity quality, packing, price, etc. (6) Currency and Amount (7) Terms of shipment and insurance Port of loading, port of discharge; latest shipment date; insurance (8) Documents required Commercial invoice; B/L; packing list, certificate of origin 4. Categories of Letter of Credit (1) Documentary Credit and Clean Credit （跟单信用证与光票信用证） Documentary Credit means that payment are effected against drafts and shipping documents. Clean Credit means the opening bank effects payment only against the draft and wi