国际贸易实务 信用证 LETTER OF CREDIT

1、L/O/G/O国际贸易理论与实务国际贸易理论与实务Letter of Credit广东松山职业技术学院外语系Contents（内容）（内容）Introduction （信用证简介） Contents （信用证内容）procedure （信用证使用） amendment （信用证修改） 4123L/C IS ONE OF THE INTERNATIOANAL TRADE PAYMENT METHODSHow to carry out the L/C?信用证信用证Objectives（学习目标）REMMITANCECOLLECTIOND/PD/AT/TD/DM/TPAYMENT METHODS电汇

2、电汇票汇票汇信汇信汇承兑交单承兑交单付款交单付款交单PAYMENT METHODSL/C三大类付款方式使用情况比较三大类付款方式使用情况比较 D/A承兑交单承兑交单D/D票汇票汇M/T信汇信汇D/P付款交单付款交单L/C信用证信用证T/T电汇电汇0% 20% 40% 60% 80% 100% 8.5%10.5%3.7%11.2%18%49.3%REMMITANCE ,COLLECTION,LETTER OF CREDIT 汇付汇付 托收托收 信用证信用证Introduction Introduction to Letter of Credit? -What is L/C? An L/C is

3、the written promise of a bank that acts at the request and on the instructions of the applicant and undertakes to pay the beneficiary the amount specified in the credit, provided that the terms and conditions of the credit are observed by the beneficiary.UCP600：Means any arrangement, however named o

4、r described, that is irrevocable and thereby constitutes a definite undertaking of the issuing bank to honor a complying Advantages of a letter of creditFrom the importers point of viewFrom the exporters point of view FIRST SECONDreceive payment against the shipping documentswhen shipping the goods,

5、 no worry about difficulties in foreign exchange transferdeposit a margin in the bank as a security moneyobtain shipping documents representing the title of the good after he makes paymentobtain shipping documents representing the title of the good after he makes Characteristics of L/C（特点）The issuin

6、g bank has the primary liabilities for paymentL/C is a self-sufficient instrument.It is simply a document transactionThe issuing bank undertakes to effect payment. The bank assumes a primary rather than a secondary liability. A letter of credit stands independent of the sales contract.The banks deal

7、 with documents and not with 受益人受益人出口方出口方通知行通知行卖方银行卖方银行Parties to an L/C（当事人当事人）开证行开证行买方银行买方银行申请人申请人进口方进口方Applicant Issuing BankAdvising bankBeneficiaryTHERE ARE MANY PARTIES TO A L/C IN THE TRANSACTION Parties in the L/C Aspects of L/Cadvising bank Notification, transmission or confirmation of a le

8、tter of creditbeneficiaryAgreement to settlement by a letter of credit，Exporter urges importer to open a L/CIssuing bankOpening a letter of creditapplicantThe importer send Application for issuing a letter of Step 1ThemeGallery is a Design Digital Content & Contents mall developed by Guild Desig

9、n Inc.Step 2Step 3Step Step 5 Step 6Step 7Step Description of the contents1.L/C NO.2.DATE,PLACE3.AMOUNT4.KIND OF L/C5.EXPIRY DATE 1.BENEFICIARY2.APPLICANT3.OPENING BANK4.ADVICE BANK5.NEGOTIATION BANK1.COMMODITY2.SHIPMENT1.INVOICE2.B/L3.P/L4.CO5.GSP FORM ACONTENTS L/C eg. USD18,324.85invoice,B/L,P/L,

10、CO,GSP form A,Certifications so on 信用证自身项目信用证自身项目当事人当事人货物货物单据单据 Description of the goods as per s/c DISCREPANCE AS PER UCP 600 Main documents of L/CCertification of Inspection（检（检验证书）验证书）Insurance policy/certificate（保（保险单）险单）Commercial Invoice (商业发票）商业发票）bill of lading（海运提单）（海运提单）DOCUMENTDraft Packi

11、ng listBeneficiary certificationdocumentsDocument of L/CDocument of L/CSAMPLE OF DRAFTL/C Examination make it sure that the stipulations in L/C are in conformity with those in S/C since it is vital to the carrying out of the S/C.(L/C Examination basic on?CUP600CONTRACTINVOICEBILLS OF LADINGABCDBEST

12、CHOICE:ABSoft clause of L/CSoft clause e.g. Soft clause 2.Inspection effected before shipment by the inspector designated by the applicant. “Soft clause” means that some stipulations in the L/C make it difficult for your party to honor the contract.1.All documents must be presented within 5 days aft

13、er shipment date.（一般是15天以上）L/C AmendmentapplicantbeneficiaryOpening bankAdvice bank审证审证申请申请改证改证通知通知 出口方按照合同和UCP进行审证 将要修改的地方一次性提出 进口方接到改证要求后向开证行提出修改 开证行按照要求进行修改 修改好的信用证交原通知行转交出口方Way of L/C AExample of amendmentGBP10,000Old termNew terms(unit :GBP)(unit :GBP)* L/C:001*L/C:002GBP90,00090,00015%10000035

14、% please pay attention to this amendment.The amount both in figures and in words should respectively read “GBP100,000”(Say Pounds Sterling one hundred Thousand Only); should increase GBP10,Description “From Copenhagen to China port” should read “from China port to Copenhagen”Please confirm the amend

15、ments by fax as soon as possible.Description The Bill of Lading should be marked “Freight Prepaid” instead “Freight Collect”Delete the clause “Partial shipments and transshipment prohibited”;“This L/C is valid at our counter” should be amended to read “This L/C is valid at your counter”;M1M2M4M3Exam

16、ple of Classification of letters of creditDocumentary creditClean CreditIrrevocable creditRevocable creditUnconfirmed creditconfirmed creditUsance or time creditSight credittimeconfirmationrevocabilityattaching of documentsContentswe always use the documentary,irrevocable,confirmed,sight Classificat

17、ion of letters of creditTHE OTHER TYPES OF L/C Payment credit 付款信用证付款信用证Negotiation credit 议付信用证议付信用证 Automatic revolving L/C 自动循环信用证自动循环信用证Semi-Automatic revolving L/C 半自动循环信用证半自动循环信用证Non-Automatic revolving L/C 非自动循环信用证非自动循环信用证 Transferable credit 可转让信用证可转让信用证 Non-transferable credit 不可转让信用证不可转让信用证 method of payment revolving transferred Special Types of L/C特殊的信用证比较少见，只在一些特殊交易中使用特殊的信用证比较少见，只在一些特殊交易中使用Special背对背信用背对背信用证证红条款信红条款信用证用证对开信用对开信用证证 预支信用证预支信用证 HO