第六章信用证.pptVIP

* Chapter 6 (4) 第一页，共三十五页。 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. 第二页，共三十五页。 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: 第三页，共三十五页。 1)) the amount shall be reinstated after each negotiation only upon receipt of issuing