Unit Seven Letters of Credit

1、 Brief Introduction Brief IntroductionNew words and ExpressionsNew words and ExpressionsNotesNotes Useful Expressions on Letters of Credit Useful Expressions on Letters of Credit opener opening bank advising bank drawer drawee negotiating bank reimbursing bank beneficiary Messages urging establishme

2、nt of letter of credit must be written with tact. Their aim is to persuade the buyer to co-operate more closely and in fact to fulfil his obligations; otherwise they will give offence to the buyer and bring about unhappy consequences. If any discrepancies or some unfore-seen special clauses to which

3、 the seller does not agree are found in the L/C, the seller should send an advice to the buyer, asking him to make amendment. Some-times an unexpected situation with regard to supply, shipping, etc. may arise. In this case, an amendment to the original L/C will also be required. Not only can the sel

4、ler ask for amend-ment to an L/C, the buyer can likewise ask for amendment if he finds something in the L/C needs to be altered. The usual procedure is that the buyer should first obtain consent from the seller and then instruct the opening bank to amend the L/C. Sometimes the seller may fail to get

5、 the goods ready for shipment in time or the buyer may request that the shipment be postponed for one reason or another; then the seller will have to ask for ex-tension of the expiry date as well as the date of shipment of the L/C. Letters concerning L/C amendment and extension should be written wit

6、h courtesy because a mere amendment to or extension of L/C will need time and money, which is always an annoying thing to the buyer.JIANGXI IMPORT AND EXPORT CORPORATION1438 Zhongshan Street, Nanchang Jiangxi, ChinaTel: (0791) 700 0000 Fax: (0791) 700 0001August 31, 2006Mr. GoodwinPacific Industries

7、 Ltd.2080 Shilong Street VancouverCanadaDear Mr. Goodwin, As for today, we have not received your L/C covering 2 000 TONS you are buying from us. Please check your Purchase Contract No. PI118 and you will see that you have promised to open the covering credit before the end of August. Are you having

8、 any problem that we can help you with? Your order has been made up for quite sometime and, on the other hand, the demand for our products has been extremely great recently. As you are in business, Mr. Goodwin, you must realize we cannot afford to keep the goods for you for too long. For your own be

9、nefit, please expedite the L/C, which must reach us before September 7. If this is not feasible, please call or write to me today. Thank you. Sincerely, Jiangxi Import & Export Corp. Export ManagerJIANGXI IMPORT AND EXPORT CORPORATION1438 Zhongshan Street, Nanchang Jiangxi, ChinaTel: (0791) 700 0000

10、 Fax: (0791) 700 0001June 20, 2006ManagerTime Ltd.1008 Sunshine StreetLos AngelesUSADear Mr. Lee,L/C No.11-SM1176 issued by Walt Bank We wish to acknowledge receipt of the captioned Letter of Credit for the amount of USD50 000.00 covering your Order No. 987 for golf caps, for which we thank you. It

11、appears that the amount in your L/C is insufficient, as the correct total C.I.F. value of your order comes to USD55 000.00 instead of USD50 000.00. In view of the above, you are kindly requested to increase the amount of your L/C by USD5 000.00. Your prompt attention to this matter will be much appr

12、eciated. Yours truly,Jiangxi Import & Export Corp. Managerforegoing fC:5EuiN a. 前面的、前述的前面的、前述的disappointment 7disE5pCintmEnt n. 失望失望recall ri5kC:l v. 回忆、忆起回忆、忆起correspondence 7kCris5pCndEns n. 通讯、信通讯、信precede pri(:)5si:d n. 在前、居先在前、居先in question 正在被谈论的正在被谈论的under reply 正在被答复的正在被答复的accordingly E5kC:d

13、iNli ad. 照着办、相应地照着办、相应地photostatic copy 直接影印本直接影印本verify 5verifai v. 证实、核实证实、核实promise 5prCmis vt. 允诺、答应允诺、答应demand di5mB:nd n. 需求、要求需求、要求afford E5fC:d vt. 给予、担负得起给予、担负得起appear E5piE vi. 看来、好像、似乎看来、好像、似乎insufficient 7insE5fiFEnt a. 不足的、不充分的不足的、不充分的ample 5Ampl a. 充分的、足够的、富裕的充分的、足够的、富裕的book shipping s

14、pace 订舱订舱expedite 5ekspidait vt. 加快、促进、发出、派出加快、促进、发出、派出 a. 畅通的、无阻碍的、迅速的畅通的、无阻碍的、迅速的whereabout 5(h)wZErE5baut ad.=whereabouts 在哪里在哪里 (pl.)n.下落、行踪、所在下落、行踪、所在restrain ris5trein vt.抑制、遏制、制止抑制、遏制、制止tact tAkt n.触觉、老练、机智触觉、老练、机智set forth 宣布、陈述、阐明宣布、陈述、阐明formality fC:5mAliti n.手续手续regulation reju5leiFEn n.规

15、章、制度规章、制度courtesy 5kE:tisi n.礼貌、谦恭、殷勤礼貌、谦恭、殷勤feasible 5fi:zEbl a.可行的、行得通的可行的、行得通的 请按下列内容修改第请按下列内容修改第JX123号信用证：号信用证：(1) 金额增至金额增至58 800美元。美元。(2) 有效期展至有效期展至9月月26日。日。(3) 删去删去“不可转船不可转船”。 我们已通知我方银行开出以你方为我们已通知我方银行开出以你方为受益人的，金额为一万美元的，保兑的、受益人的，金额为一万美元的，保兑的、不可撤销的信用证，该证于不可撤销的信用证，该证于12月月31日到日到期。期。 由于信用证有效期到八月底止

16、，务由于信用证有效期到八月底止，务请在合同规定的时间内履行我订单。请在合同规定的时间内履行我订单。 他们已向当局申请进口许可证，以他们已向当局申请进口许可证，以你方为受益人的信用证很快就会开出。你方为受益人的信用证很快就会开出。 有关信用证已通过伦敦中国银行开有关信用证已通过伦敦中国银行开出，收到后请即告知。出，收到后请即告知。 交货期日益临近，信用证的迟到将交货期日益临近，信用证的迟到将给我们带来极大的不便。给我们带来极大的不便。 按照我方第按照我方第255号销售确认书规定，号销售确认书规定，有关信用证应在有关信用证应在10月月15日前开立并抵达日前开立并抵达我方。我方。 请在请在6 889号信用证装运期前加上号信用证装运期前加上“在在或左右或左右”字样。字样。 有关第有关第123号售货确认书的号售货确认书的SJ784号号信用证，经审核发现单价为信用证，经审核发现单价为3.25美元，美元，而合约的单价为而合约的单价为3.52美元，请予修改。美元，请予修改。 你方第你方第682号信用证短开号信用证短开500