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The task for this unit: check and amend L/C. The L/C reaches A’s company in time. When A checks the L/C, he finds that all the clauses are all right except for the shipment date. A advises B to make amendment accordingly. B asks C, a clerk of the opening bank, to make amendment notification. About a week later, A receives the amendment notification from the advising bank. A then presents the amendment notification to D, the advising bank for confirming. Then everything is all right. Make a role play about the above-mentioned process. A sets up an exporting company in China, providing the basic information about the company including scale of operation and line of businesses, preparing samples and materials such as brochures, catalogues and price list, or even designing his own company webpage or introducing his company in B2B or B2C websites like , http:// www. or . B establishes his company in a foreign country or identifies his corresponding line of business. A and B express the willingness of establishing business relationship with each other. They get to know the business regulations of the two countries and the common practices of the other company. B obtains materials like brochures, catalogues and price list from A, and visits the plants, or/and showrooms, or/and sample rooms if necessary. 7. What is the emphasis of L/C examination for the trading company? Foreign trade companies focus on the conformity between L/C and contract, and whether they can carry out the contract even if the unconformity exists. 8. What is the process of amendment to L/C? (1)In exporting, the exporter should notify the foreign importer to revise L/C if necessary. With the importer’s agreement on the amendment, the importer applies for amendment through his issuing bank. The issuing bank sends the amendment notification to or informs advising bank by telegraph or telex, and the advising bank in turn passes the notification to beneficiary. The exporter should also present the
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