unit 9 Letter of credit

1、1Unit 9 Letter of Credit2Content Discussion Introduction Writing skills Practice Focal words345a conditional bank undertaking of paymentthe most frequently used mode of paymentassurance of payment - to seller - to buyera catalyst in dealings67 信用證是銀行（開證行）根據(jù)買方（申請人）的信用證是銀行（開證行）根據(jù)買方（申請人）的要求和指示開立的，要求和指示

2、開立的，憑符合信用證條款的單據(jù)憑符合信用證條款的單據(jù)，向賣方（受益人）支付一定金額的向賣方（受益人）支付一定金額的書面承諾書面承諾。8910 信用證主要內(nèi)容信用證主要內(nèi)容(1)(1)對信用證本身的說明。如其種類、性質(zhì)、有效期及到對信用證本身的說明。如其種類、性質(zhì)、有效期及到期地點(diǎn)。期地點(diǎn)。 (2)(2)對貨物的要求。根據(jù)合同進(jìn)行描述。對貨物的要求。根據(jù)合同進(jìn)行描述。 (3)(3)對運(yùn)輸?shù)囊?。對運(yùn)輸?shù)囊蟆?(4)(4)對單據(jù)的要求，即貨物單據(jù)、運(yùn)輸單據(jù)、保險單據(jù)及對單據(jù)的要求，即貨物單據(jù)、運(yùn)輸單據(jù)、保險單據(jù)及其它有關(guān)單證其它有關(guān)單證(5)(5)特殊要求。特殊要求。 (6)(6)開證行對受益人

3、及匯票持有人保證付款的責(zé)任文句。開證行對受益人及匯票持有人保證付款的責(zé)任文句。 (7)(7)國外來證大多數(shù)均加注：國外來證大多數(shù)均加注：“除另有規(guī)定外，本證根據(jù)除另有規(guī)定外，本證根據(jù)國際商會國際商會跟單信用證統(tǒng)一慣例跟單信用證統(tǒng)一慣例(1993(1993年修訂年修訂) )即國際即國際商會商會500500號出版物號出版物 （ucp500ucp500）辦理。）辦理?！?” (8)(8)銀行間電匯索償條款銀行間電匯索償條款(t/t reimbursement clause)(t/t reimbursement clause)。 11 Beneficiary/seller 受益人 Advising/N

4、otifying bank 通知行 Confirming bank 保兌行 Negotiating bank 議付行 12ImporterAdvising bankExporterBeneficiaryNegotiating bankConfirming bank13ApplicantlImporter or buyer, who fills out and signs an application form, requesting the bank to issue a credit in favor of an exporter abroad.14Issuing bank It is th

5、e bank receiving the application from the applicant to issue the letter of credit. It will be responsible for payment. It is usually the bank at the place where the importer is located.15Beneficiary He is empowered to use the letter of credit and is usually the exporter. He is responsible not only f

6、or accuracy and authenticity of the documents but also for the goods conforming to the contract. The exporter may require amendment or reject the credit.16 It may usually be the branch of the issuing bank or its correspondent and it is usually at the place where the exporter is located. The advising

7、 bank hands the letter of credit to the exporter under instruction from the issuing bank. It only proves the authenticity of the letter of credit and is not responsible for other things.Advising bank17 A bank that purchases the documents under the credit. If all the credit terms are met, the negotia

8、ting bank will buy the exporters drafts with recourse and then it will send the drafts and documents to the issuing bank for reimbursement. The negotiating bank may be the advising bank or another appointed bank.Negotiating bank18Negotiating bank 議付是信用證的一種使用方法。它是指由一家信用證允許的銀行買入該信用證項(xiàng)下的匯票和單據(jù)，向受益人提供資金融通

9、。議付又被稱作”買單”或”押匯”。買入單據(jù)的銀行就是議付銀行。 具體做法是，議付行審單相符后買入單據(jù)墊付貨款，即按票面金額扣除從議付日到匯票到期之日的利息，將凈款付給出口商。19 It guarantees that the letter of credit established by the importer will be honored once the conditions therein are fully complied with. The confirming bank undertakes this responsibility on an arrangement (cal

10、led confirmation) with the importers bank which issued the letter of credit. Confirming bank20 保兌銀行，通常稱為保兌行，是指出口國的某一銀行應(yīng)開證行的請求，在信用證上加注條款，表明該行與開證行一樣，對收益人所提示的符合信用證規(guī)定的匯票、單據(jù)負(fù)有付款、承兌的責(zé)任。保兌銀行通常是由通知銀行擔(dān)任。 Confirming bank2122232425(1)(1)開證申請人根據(jù)合同填寫開證申請書并交納押金或提供其開證申請人根據(jù)合同填寫開證申請書并交納押金或提供其他保證，請開證行開證。他保證，請開證行開證。(2

11、)(2)開證行根據(jù)申請書內(nèi)容，向受益人開出信用證并寄交出口開證行根據(jù)申請書內(nèi)容，向受益人開出信用證并寄交出口人所在地通知行。人所在地通知行。(3)(3)通知行核對印鑒無誤后，將信用證交受益人。通知行核對印鑒無誤后，將信用證交受益人。(4)(4)受益人審核信用證內(nèi)容與合同規(guī)定相符后，按信用證規(guī)定受益人審核信用證內(nèi)容與合同規(guī)定相符后，按信用證規(guī)定裝運(yùn)貨物、備妥單據(jù)并開出匯票，在信用證有效期內(nèi)，送裝運(yùn)貨物、備妥單據(jù)并開出匯票，在信用證有效期內(nèi)，送議付行議付。議付行議付。(5)(5)議付行按信用證條款審核單據(jù)無誤后，把貸款墊付給受益議付行按信用證條款審核單據(jù)無誤后，把貸款墊付給受益人。人。 (6)(6

12、)議付行將匯票和貨運(yùn)單據(jù)寄開證行或其特定的付款行索償議付行將匯票和貨運(yùn)單據(jù)寄開證行或其特定的付款行索償(7)(7)開證行核對單據(jù)無誤后，付款給議付行。開證行核對單據(jù)無誤后，付款給議付行。(8)(8)開證行通知開證人付款贖單。開證行通知開證人付款贖單。 信用證方式的一般收付程序信用證方式的一般收付程序26Writing skillsLetters concerning L/C mainly include the following： Sellers urging establishment of L/C and buyers giving reply Sellers asking for am

13、endment to L/C and buyers giving reply, or vice versa Sellers requesting extension of L/C and buyers giving reply, or vice versa27Urging establishment of L/CIt would be advisable for you to establish the covering letter of credit as early as possible so as to enable us to arrange shipment in due tim

14、e. 282. We are unable to effect shipment according to the price and other terms originally agreed upon owing to the delay of your letter of credit, and therefore the responsibility for any loss arising subsequently will wholly rest with you.293.We wish to draw your attention to the fact that the goo

15、ds have been ready for shipment for a long time and the covering letter of credit, due to arrive here before march 15th, 2014, has not been received up to now. Please let us know the reason for the delay.304.As you have failed to establish the letter of credit in time, we regret being unable to effe

16、ct shipment within the stipulated time limit.315. To our disappointment, we have not yet received the required letter of credit up to the present. Please give this matter your immediate attention and let us have your reply soon.326. As the goods against your Order No.4567 have been ready for quite s

17、ome time, it is imperative that you take immediate action to have the covering letter of credit established.33Practice 1.1.第268號合約項(xiàng)下的800輛自行車備妥待運(yùn)已久,但至今我們尚未收到你們的有關(guān)信用證,請速開來,以便裝運(yùn)。2.如你方信用證在月底前到達(dá)我處,我們將盡最大努力在下月初安排轉(zhuǎn)運(yùn)你們所訂的貨。3.由于你方?jīng)]有及時開立有關(guān)第1033號售貨確認(rèn)書的信用證,我們不得不撤消這份確認(rèn)書,并要你方負(fù)責(zé)由此而產(chǎn)生的一切損失。34The 800 bicycles under

18、Contract No. 268 have been ready for shipment for quite some time, but we have not yet received your covering L/C to date. Please open the L/C as soon as possible so that we may effect shipment. up to now; up to the present; to date; to this day; so far 352. If your L/C reaches us by the end of this

19、 month, we will exert our utmost efforts to arrange shipment of your ordered goods at the beginning of next month.36As you have failed to establish the L/C promptly covering our sales confirmation NO.1033, we have to rescind this sales confirmation and you should responsible for all the losses arisi

20、ng therefrom.37L/C amendment & L/C extension When there are some discrepancies or some soft clauses which the beneficiary cant accept set forth in the L/C, amendment is necessary.38L/C amendment1. Please amend L/C No. 283 to read “This L/C will expire on 28th February, 2012 in China.”392. We hav

21、e today received L/C No. 123 covering the shipment of . Upon checking / After we have checked the L/C carefully , we request you to make the following amendments: 1 2 3403.We have received your L/C No. 524, but we find it contains the following discrepancies; We would therefore request you to instru

22、ct your bankers to make the necessary amendment.414.Thank you for your cooperation in promptly opening L/C. However, the L/C was presented a wrong printed figure, please instruct your opening bank to amend it as soon as possible, so that we can arrange a earlier vessel for shipment.425. As there is

23、not direct sailing from Shanghai to your port during April/May, it is imperative for you to delete the clause “by direct steamer” and insert the wording “Partial shipments and transshipment are allowed”. 431.你方4567號信用證條款中，我們有發(fā)現(xiàn)有下列兩點(diǎn)與合同條款不符： （1）； （2） 貨以備妥待運(yùn)，請即電報修改你方信用證。2.在我方第135號合同內(nèi)明確規(guī)定該筆交易的傭金為3%。但發(fā)現(xiàn)

24、你方第557號信用正要求傭金5%，這顯然與條約條款不符。為此，請通知你方銀行把信用證修改為傭金3%，不勝感激。Practice 2.441.Among the clauses specified in your L/C No. 4567, we find that the following two points do not conform to the contract stipulations: 1 2 As the goods are now ready for shipment, you are requested to amend the L/C by cable as soon

25、as possible.452.The commission allowed for this transaction is 3% as clearly stipulated in our Contract No.135, but we find that your L/C No.557 demands a commission of 5%. This is obviously not in line with the contract stipulations. We shall therefore be grateful if you will instruct your bankers

26、to amend the L/C to read “commission 3%”.46L/C extension1. Please extend the shipment date and the validity of your L/C No. 937 to the end of November and December 15, 2009 respectively and arrange that the amendment advice will reach us by Oct. 30, 2009.472. The amendment advice should reach us by

27、November 15, failing which you must extend the validity of the L/C to the end of this year.483.The shipment covered by your Credit No 592 has been ready for quite some time, but the amendment advice has not yet arrived, and now an extension of 15 days is required.491.感謝收到你方789號信用證。經(jīng)核對條款，我們遺憾地發(fā)現(xiàn)你方信用證

28、要求2011年10月份裝運(yùn)，但我方合約規(guī)定11月份裝運(yùn)。因此，務(wù)請把裝運(yùn)期和議付期分別展至2011年11月30日和12月15日，請即辦理展證事宜，并盡早電復(fù)。2.由于供應(yīng)商的延誤，我們不能按信用證規(guī)定在6月30日之前發(fā)貨，故請將信用證的船期和有效期分別延展1個月。Practice 3.501. We thank you for your L/C No. 789, but on checking its clauses we find with regret that your L/C calls for shipment in October, 2011, whereas our contra

29、ct stipulates for November shipment. Therefore, it is imperative for you to extend the shipment date to November 30, and negotiation date to December 10, 2011 respectively. Please act promptly and let us have your cable reply the soonest possible.512. Owing to some delay on the part of our suppliers

30、, we are not in a position to ship the goods before June 30 as stipulated in the L/C. Kindly extend the shipping date and credit validity for one month respectively.521. We are writing to inform you that your L/C No.1234 opened _ Standard Chartered Bank should be amended _. 2. We have received your

31、L/C No.336 _ our Sales Confirmation No. 4789. We find that the price terms CIF have been mistakenly indicated as CFR. Please refer _ the said contract and _ the amendment _. 3. The time of shipment is approaching. Please _ the L/C as soon as you can. Filling the blanks with proper word(s).Practice 3.1. through/with, to read/as follows 2. covering, to, make, accordingly3. expedite/rush534. According to the contract the blouses w