国际结算实务英语5.pptVIP

Inter-look of the four methods of payment in I.S -- Payment in advance -- Open account -- Collection -- Letter of credit A L/c is a written undertaking by the issuing bank to the beneficiary, under which the bank will pay a sum certain in money to the beneficiary if the beneficiary of the L/C provides the bank with specified documents within a prescribed time period, which all comply with the terms and conditions of the credit. Characteristics of a letter of credit -- A written undertaking on the part of the issuing bank -- Independent of the sales contract -- Exclusively dealing with documents Uniform Customs and Practices for Documentary Credit -- UCP600 is the governing rule concerning documentary credit -- any issued L/C should indicate clearly that the said L/C is subject to the uniform customs and practice for documentary credits 1、Sales contract between importer and exporter 2、Importer makes the application form 3、Issuing bank exam the creditworthiness, pass L/C to the exporter’s bank 4、Exporter’s bank pass L/C to the beneficiary 5、Accept L/C or applicant to have it amended, prepared other docs and present to the right bank 6、Check documents 7、Forward docs to reimbursing bank or issuing bank 8、Make reimbursement 9、Issuing bank notify the importer 10、Docs are released to the import against his payment LOGO Chapter 5 专业PPT/商演示设计制作 Payment Methods - Letter of Credit Review Question 1 : What’s the meaning of collection Question 2 : Types of collection (D/PD/A)? Question 3 : Procedures under D/P at sight ? Question 4 : Risks under collection (export importer)? Why we need the method of L/C ? What is a letter of credit What is a letter of credit Contents of a L/C Type of the Credit --Irrevocable Revocable Credit Number --It will tie up all the relevant documents Place and Da