信用证和外贸出口流程.docVIP

Export letter of Credit -Export settlement tool with lower risks WHAT——What is export letter of credit? ·A series of service provided to the exporter by the bank in exporter’s country after it received L/C from issuing bank, including advising L/C, taking up and examining documents, presentation, reimbursement etc. ·The contents of export L/C include checking up the authenticity of export L/C and amendment of L/C, advising the domestic exporter; transfer L/C, examining transport documents surrendered by the exporter and presentation of documents ; deal with trade financing such as negotiating, bill purchase, discounting on the request of clients; forward-sold of exchange in RMB; inquiry, urging, recourse short payment and interest, by-sending documents; check the credit of importer. WHY——Why to choose export letter of credit? ·Lower risks - bank credit of the issuing bank replaces commercial credit of the importer, the issuing bank provides undertaking of conditional payment to exporter; ·High initiative - exporter will obtain the undertaking of unconditional payment from the issuing bank as long as the exporter can guarantee the quality of documents which is completely under control of the exporter; ·Fee transfer - banking charges such as opening L/C etc. are usually for the importer’s account. WHEN——When to choose export letter of credit? ·The exporter has no awareness of or confidence in the credit status of the importer and needs additional undertaking from the importer’s bank; ·Needs to apply to the local bank for packing loans, so as to finance preparing for the goods to be exported. HOW——How to handle export letter of credit operation? ·The Operation flow ·Attentions: 1.When discussing business terms with importer, “soft clauses” L/C should be avoided. At the same time a safe and convenient way of reimbursement should be confirmed to guarantee a safe collection of payment; 2.Before the negotiating bank examines documents, the exporter needs to present: a