物流专业英语chapter 8-3.pptVIP

Letter of Credit 信用证 Letter of Credit Definition --- L/C is… (1) A payment undertaking given by a bank (issuing bank) 由银行所开具的 On behalf of a buyer (applicant) 代表买主 To pay a seller (beneficiary) for a given amount of money within specified time limits 承诺在规定时间内向卖方支付一定金额 (2) On presentation of specified documents representing the supply of goods 需根据规定，出示规定的单据 Documents to be presented at a specified place 需要在指定地点出示单据 Documents must conform to terms and conditions set out in the letter of credit 单据还需符合信用证的条款 The flow of L/C Transaction基本流程 Parties that participant in L/C arrangement Applicant 申请人 The applicant is the buyer/importer who apply for issuing L/C 买方/进口商 Beneficiary 受益人 The beneficiary/seller/exporter is entitled to receive the money, as long as he can provide the documentary evidence required by the letter of credit. 卖方/出口方 Opening/issuing bank 开证行 What is the issuing bank’s role ? --- of whom the applicant is a client --- The issuing banks role is to examine the documents and pay if these documents comply with the terms and conditions set out in the L/C. 为买方开具信用证的银行 Advising/notifying Bank 通知行 An advising bank, usually a foreign correspondent bank of the issuing bank will advise the beneficiary. 出口地所在的银行 The advising bank would be responsible for sending the documents to the issuing bank. Question: If the issuing bank does not pay the beneficiary, should the advising bank bear the responsibility of paying instead? Paying/drawee bank 付款银行 信用证上指定付款的银行，在多数情况下，付款行就是开证行。 Negotiating bank 议付行 A negotiating bank agrees to pay the beneficiary by purchasing a negotiable instrument (importers or buyers draft). Also called accrediting party. 根据信用证开证行的付款保证和受益人的请求，按信用证规定对受益人交付的跟单汇票垫款或贴现，并向信用证规定的付款行索偿的银行. The negotiating bank is usually the beneficiarys bank . Reimbursement Bank  偿付行(Reimbursement Bank)受开证行在信用证上的委托，代开证行向议付行或付款行清偿垫款的银行（又称清算行）。 不偿付时开证行偿付。 Documents presented by an applicant Before making payment for product, the