外贸函电与单证Chaper4-practice2Chapter5-practice2

ChapterFive:ExaminationandAmendmenttoL/C外贸函电与单证实训教程

PracticeTwo

Objective

Requirements

Steps

Introduction

Practice

ObjectiveTheobjectiveistoenablestudentstobefamiliarwiththetermsandconditionsofgeneralL/C,andtomastertheskillstoexaminetheL/CaccordingtothegivencontractandUCP600,andtowritealetteraskingforamendmenttoL/C.

Requirements

1.ToknowwellaboutthetermsandconditionsofgeneralL/C.2.ToknowwellaboutthekeypointsofexaminingL/C.3.TomastertheskillsofexaminationofL/C.4.TomasterthewritingofaskingforamendingL/C.Steps1.TosumupthekeypointsofexaminingL/CwiththehelpofMindMap1.2.ToexamtheL/CaccordingtothegivencontractandUCP600.3.Towritedownthepointsofdiscrepancyandamendmentrespectively.4.TowritealetteraskingforamendingtheL/C.5.Toanswerthequestions.6.Toevaluateyourself.Introduction实训是综合审核一般格式的信用证，注意它与SWIFT格式下的信用证的区别。阅读时，要特别细心，找出每个条款。通过改证实训，从而复习和巩固一般格式的信用证的每个要点。Practice2.ReadS/CandL/C5.Questions4.AmendingL/CletterwritingPractice

1.Reviewthekeypoints6.Self-evaluation3.ExaminetheL/C1.ReviewthekeypointsofexaminationofL/CExaminetheL/C

2.1ReadSalesConformation2.2ReadLetterofcredit3.ExaminetheL/C

L/C:

REVOCABLEDOCUMENTARYCREDITNO.09-34985S/C:7.Termsofpayment:ByIrrevocableandDivisibleLetterofCredittobeavailable…Discrepancy:TheformofL/Ciswrong.No.1Amendment:Itshouldbeirrevocableanddivisible.L/C:

WEOPEN…CREDITINFAVOUROFDONGGUANFOREIGNTRADEIMP.ANDEXP.CO.S/C:Sellers:DONGGUANFOREIGNTRADE.IMP

ANDEXP.GRANDTONDiscrepancy:Thenameofbeneficiaryiswrong.

No.2Amendment:ItshouldbeGuangdongForeignTradeImpandExpGrandton.L/C:FORASUMNOTEXCEEDINGUSD980000.00S/C:TotalValue:HKD1000000.00(H.K.DollarsONEMILLIONONLY)Discrepancy:Theamountisinsufficientinfiguresandwords.No.3Amendment:TheamountshouldbeHKD1000000.00infiguresandwords.

L/C:AVAILABLEBYTHEBENEFICIARY’SDRAFT(S)AT30DAYSSIGHTS/C:7.Termsofpayment:By…LetterofCredittobeavailablebysightdraft…Discrepancy:Thetenor“Draft(s)at30day’ssight”iswrong.No.4Amendment:Draftshouldbeatsight.L/C:

AVAILABLEBYTHEBENEFICIARY’SDRAFT(S)…DRAWNONAPPLICANT…S/C:ItspecifiesthetermsofpaymentisL/C,sothepayershouldbetheissuingbank.Discrepancy:Thepayeriswrong.No.5Amendment:Itshouldbedrawnon“issuingbank”.L/C:

(1)…ALLINVOICESMUSTSHOWFOB,FREIGHTANDINSURANCECOSTSSEPARATELY.S/C:

BecausethetradetermsisFOB,thesellerisnotliableforinsuranceandfreight.

Discrepancy:Thesentence“allinvoicesmust…separately”isunnecessary.No.6Amendment:Deletethesentence“allinvoicesmust…separately”.L/C:

(2)…BILLOFLADING…MARKED“FREIGHTPREPAID”,….S/C:BecausethetradetermsisFOB,thesellerisnotliableforfreight.Discrepancy:Theterm“Freightprepaid”ofB/Liswrong.No.7Amendment:Itshouldbe“freightcollect”.L/C:

(3)INSURANCEPOLICY/CERTIFICATE…

S/C:BecausethetradetermsisFOB,thesellerisnotliableforinsurance.Discrepancy:Insuranceclauseisunnecessary.No.8Amendment:Deletetheinsuranceclause,becauseitisbasedonFOB.L/C:

(4)…500PCSKR-23GWAND500PCSKF-25GW,S/C:ARTNO.P97811KF-23GWDiscrepancy:ThearticleNo.of“KR-23GW”iswrong.No.9Amendment:Itshouldbe“KF-23GW”.

L/C:

(4)…ANDCONDITIONSASPERS/CNO.AB97/44001,S/C:NO.AB440001Discrepancy:“S/CNo.iswrong.No.10Amendment:Itshouldbe“AB440001”.L/C:

(4)…PARTIALSHIPMENTPROHIBITED.…S/C:TheL/Cmustspecifythattransshipmentandpartialshipmentsareallowed.Discrepancy:Thepartialshipmentisnot“prohibited”.No.11Amendment:Itshouldbe“allowed”.

L/C:(4)…EXPIRYDATE:15THAPRIL,2009.

S/C:

4.TimeofShipment:APR.30,20097.Termsofpayment:…reach...beforeMAR.10,2009andtoremainvalid…untilthe15thdayafter…TimeofShipment.Discrepancy:Theexpirydateiswrong.No.12Amendment:Itshouldbe“May15th,2009”.L/C:INPLACEOFOPENERFORNEGOTIATION.S/C:7.Termsofpayment:…LetterofCredit…andtoremainvalidfornegotiationinChina…Discrepancy:Theexpiryplaceiswrong.No.13Amendment:Itshouldbe“Dongguan,China”.L/C:

OTHERTERMSANDCONDITIONS:…SHIPPERMUSTSENDONESETOFSHIPPINGDOCUMENTSDIRECTTOBUYERAND…S/C:BecausethepaymentisL/C,theopeningbankisliableforthepayment.Discrepancy:“SHIPPERMUSTSENDONESETOFSHIPPINGDOCUMENTSDIRECTTOBUYER”isimproper.No.14Amendment:Itshouldbeamendedto“SHIPPERMUSTSENDONESETOFSHIPPINGDOCUMENTSDIRECTTOTHEOPENINGBANK.”L/C:

DOCUMENTSMUSTBEPRESENTEDWITHIN5DAYSAFTERSHIPPINGDATE…S/C:NotmentionedDiscrepancy:Presentationperiodistootight.No.15Amendment:Itshouldbe“15daysor21days”.L/C:SHIPPINGMARKS:A.B.C./HONGKONG/NOS1-100/MADEINCHINAS/C:8.ShippingMark:A.B.C./HONGKONG/NOS1-1000/MADEINCHINADiscrepancy:Shippingmarksiswrong.No.16Amendment:Itshouldbe“A.B.C./HONGKONG/NOS1-1000/MADEINCHINA”.L/C:

PACKING:INCARTONBOX,50KILOSNETEACHCARTON,1PC/CARTON,S/C:3.Packing:1PCINACARTONDiscrepancy:Thekindofpackageiswrong.No.17Amendment:Itshouldbecarton.L/C:(4)…FOBC3%HONGKONG…S/C:FOBC3%GUANGZHOUDiscrepancy:Thepricetermiswrong.No.18Amendment:ItshouldbeFOBC3GUANGZHOU.L/C:Notmentioned.S/C:10.Remarks:THECREDITISSUBJECTTOUCP600(2007REVISION).Discrepancy:Theapplicableruleisn’tmentionedontheLetterofCredit.No.19Amendment:Theclause“THECREDITISSUBJECTTOUCP600(2007REVISION)”shouldbeaddedhere.L/C:Notmentioned.S/C:With5%moreorlessbothinamountandquantityallowedattheSellers’option.Discrepancy:Moreorlessclauseisn’tmentionedontheLetterofCredit.No.20Amendment:“With5%moreorlessbothinamountandquantityallowedattheSellers’option”shouldbeindicatedunderthedescriptionofgoods.

4.AmendingL/Cletterwriting

Writealetteraskingtheapplicanttoamendtheletterofcreditaccordingtotheabove.DearSirs,

Wehavereceivedyourletterofcredit,buttoourregretthatitcontainsmanydiscrepancies.Pleaseadviseyourbakerstomakethefollowingnecessaryamendment:

(1)TheformofL/Cshouldbeirrevocableanddivisible,butyourL/Cdemandsrevocable.(2)ThenameofbeneficiaryshouldbeamendedtoGuangDongForeignTradeImportandExportGrandton.(3)AmountshouldbeincreaseduptoHKD100000000.(4)TheL/Cshouldbeavailablebythebeneficiary’sdraftatsightdrawnontheissuingbank.(5)Pleasedeletetheinsuranceclauseasitisunnecessary.(6)Thesentence“AllinvoicesmustshowFOB,freightandinsurancecostsseparately”shouldbedeleted.(7)AsourtermsofpaymentisbasedonFOB,“freightcollect”shouldbemarkedonB/Linsteadof“freightprepaid”.(8)PleaseamendtheS/CNO.toAB44001.(9)Thewords“Partialshipmentprohibited”aretobechangedto“partialshipmentallowed”.(10)ThearticleNO.of“KR-23GW”iswrongandshouldbe“KF-23GW”.(11)ThevalidityoftheL/CshouldbeamendedtoMay15th,2009.(12)Inordertoguaranteeushaveenoughtimetoeffectnegotiation,theexpiryplaceshouldbe“DongguanChina”.(13)Thewords“shippermustsendonesetofshippingdocumentsdirecttobuyer”aretobeamendedto“shippermustsendonesetofshippingdocumentsdirecttotheopeningbank”.(14)Documentsmustbepresentedwithin15daysor21daysbutnot5days.(15)PleaseamendtheshippingmarksoftheforegoingL/Ctobe“A.B.C/HONGKONG/NOS1-1000/MADEINCHINA”.(16)Thekindofpackageshouldbe“carton”.(17)Pleasepayattentiontothepriceterm,itshouldbe“FOBC3GUANGZHOU”.(18)Wemustdrawyourattentiontothefactthattheclause“THECREDITIS