第六章节 信用证4.pptVIP

Chapter 6 (4) 6.2.6 according to special function clause 1. Revolving credit Definition: One by which ,under the terms and conditions thereof, the amount is renewed or reinstated without specific amendments to the documentary credit being required. Types of revolving credit: (1) Automatic revolving credit (自动循环) Function clause: 1))the total amount of this credit shall be restored automatically after date of negotiation. 2)) notice of revolving Function clause: 1)) the amount shall be reinstated after each negotiation only upon receipt of issuing bank’s notice stating that the credit might be renewed. 2)) the amount of each shipment shall be reinstated after negotiation only upon receipt of credit---writing importer’s issuing bank’s notice stating that the credit might be renewed. (3) Periodic revolving Function clause: Should the negotiating bank not be advised of stopping renewal within …days after each negotiation ,the unused balance of this credit shall be increased to the original amount. (4) Cumulative revolving(可积累循环) Function clause: Per… calendar months cumulative commencing with 15th March ,2006,revolving on the first business day of each successive month and ending with 15th december 2006. (5)non-cumulative revolving( 不可积累循环) function clause: The unused balance of each shipment is not cumulative to the following shipment. 循环信用证的补充及练习 循环信用证是指信用证的部分或全部金额被使用以后可以回复到原金额再被利用的信用证。与一般信用证相比，它多一个循环条款。 进出口双方若订立长期销售合约，需要均衡地分批装运货物时，为了节省开证手续费和保证金，进口商可以申请开立循环信用证。 信用证通常以时间或金额为循环基础，据此循环信用证分为按时间循环信用证和按金额循环信用证。 按时间循环信用证是指受益人在一定时间内可支取信用证规定的金额，支取后，在下次一定时间内仍可以支取的信用证。 按时间循环信用证根据每期信用证余额处理方式的不同，可以分为不可积累循环信用证和可积累循环信用证。 不可积累是指受益人在规定循环期限内可支取的信用证金额有余额，该余额不可转移到下一期使用。 可积累是指受益人上一期未使用完的信用证金额，可以转移到下一期使用。 按金额循环信用证是指在信用证金额议付后，仍恢复到原金额，可以再次支取，直到用完规定的总金额。 按恢复的方式不同，可以分为自动循环信用证(Automatic revolving credit )，半自动循环信用证(semi-automatic revolving credit)以及被动循环信用证(non-automatic revolving credit)。 自动循环是指受益人按照期限装运、交单、支取信用证金额后，不需要等待开证行通知，信用证金额自动恢复到原金额，即信用证金额用完后自动恢复。 半自动循环是指受益人按规定装运、交单。支取信用证金额后在一定时间