國際貿易實務 信用證 LETTER OF CREDIT

1、L/O/G/O國際貿易理論與實務國際貿易理論與實務Letter of Credit廣東松山職業(yè)技術學院外語系Contents（內容）（內容）Introduction （信用證簡介） Contents （信用證內容）procedure （信用證使用） amendment （信用證修改） 4123L/C IS ONE OF THE INTERNATIOANAL TRADE PAYMENT METHODSHow to carry out the L/C?信用證信用證Objectives（學習目標）REMMITANCECOLLECTIOND/PD/AT/TD/DM/TPAYMENT METHODS電匯

2、電匯票匯票匯信匯信匯承兌交單承兌交單付款交單付款交單PAYMENT METHODSL/C三大類付款方式使用情況比較三大類付款方式使用情況比較 D/A承兌交單承兌交單D/D票匯票匯M/T信匯信匯D/P付款交單付款交單L/C信用證信用證T/T電匯電匯0% 20% 40% 60% 80% 100% 8.5%10.5%3.7%11.2%18%49.3%REMMITANCE ,COLLECTION,LETTER OF CREDIT 匯付匯付 托收托收 信用證信用證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（特點）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賣方銀行賣方銀行Parties to an L/C（當事人當事人）開證行開證行買方銀行買方銀行申請人申請人進口方進口方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 信用證自身項目信用證自身項目當事人當事人貨物貨物單據單據 Description of the goods as per s/c DISCREPANCE AS PER UCP 600 Main documents of L/CCertification of Inspection（檢（檢驗證書）驗證書）Insurance policy/certificate（保（保險單）險單）Commercial Invoice (商業(yè)發(fā)票）商業(yè)發(fā)票）bill of lading（海運提單）（海運提單）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審證審證申請申請改證改證通知通知 出口方按照合同和UCP進行審證 將要修改的地方一次性提出 進口方接到改證要求后向開證行提出修改 開證行按照要求進行修改 修改好的信用證交原通知行轉交出口方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 付款信用證付款信用證Negotiation credit 議付信用證議付信用證 Automatic revolving L/C 自動循環(huán)信用證自動循環(huán)信用證Semi-Automatic revolving L/C 半自動循環(huán)信用證半自動循環(huán)信用證Non-Automatic revolving L/C 非自動循環(huán)信用證非自動循環(huán)信用證 Transferable credit 可轉讓信用證可轉讓信用證 Non-transferable credit 不可轉讓信用證不可轉讓信用證 method of payment revolving transferred Special Types of L/C特殊的信用證比較少見，只在一些特殊交易中使用特殊的信用證比較少見，只在一些特殊交易中使用Special背對背信用背對背信用證證紅條款信紅條款信用證用證對開信用對開信用證證 預支信用證預支信用證 HO