陈富详UCP600培训资料美联银行.ppt

Important: Don’t Release to the Participants before Seminar UCP600 Elaborated via QA July 2007 Prepared by Jack Chan (陈富祥) CDCS with Distinction VP Trade Technical Advisor Wachovia Bank, N.A. Hong Kong Branch E-mail: jack.chan@ Disclaimer The information and opinions expressed in the following slides are for the seminar use only. Wachovia does not guarantee their accuracy or completeness, nor does Wachovia assume any responsibility for any loss that may result from the reliance by any person upon any information or opinions set out hereunder. Article 1 How do we know if an LC is subject to UCP600? An LC is subject to UCP600 if it expressly so indicates. What about the LCs sent by MT700s? Are they subject to UCP600 without the express indication? Since 11/18/2006, MT700s have no longer been automatically subject to UCP (latest edition). Article 1 New mandatory field (40E) in MT700 for applicable rules as follows: - UCP LATEST VERSION - EUCP LATEST VERSION - UCPURR LATEST VERSION - EUCPURR LATEST VERSION - ISP LATEST VERSION - OTHR Article 1 New optional fields (44E 44F) in MT700 for transport dox as follows: 44E for port of loading or airport of departure 44F for port of discharge or airport of destination 44A and 44B are now for any transport other than sea only and air only Article 2 What is a “banking day”? Is 4 July 2007 a banking day? An LC was issued by Wachovia Charlotte to expire on 4 July 2007, Wed. The LC is available with any bank. If the beneficiary presents the documents to their bank on 5 July 2007, will it be too late? Article 2 Yes, it will be too late if the beneficiary presents the dox to a bank in the bene country (which is not USA) on 5 July 2007, Thu. No, it will NOT be late if the beneficiary presents the dox to Wachovia Charlotte on 5 July 2007, Thu. Article 2 What is a “complying presentation”（相符交单， 相符提示）? It must comply with: 1) LC terms and conditions, 2) UCP600, and 3) international standard banking practice (including ISBP