國際結(jié)算實務(wù)英語5課件

Chapter5

專業(yè)PPT/

PaymentMethods-LetterofCreditReview

Question1:

What’sthemeaningofcollectionQuestion2:

Typesofcollection(D/P&D/A)?Question3:ProceduresunderD/Patsight?Question4:Risksundercollection(export&importer)?WhyweneedthemethodofL/C?

Inter-lookofthefourmethodsofpaymentinI.S--Paymentinadvance--Openaccount--Collection--LetterofcreditWhatisaletterofcreditCharacteristicsofaletterofcredit--Awrittenundertakingonthepartoftheissuingbank--Independentofthesalescontract--ExclusivelydealingwithdocumentsUniformCustomsandPracticesforDocumentaryCredit

--UCP600isthegoverningruleconcerningdocumentarycredit--anyissuedL/CshouldindicateclearlythatthesaidL/Cis

subjecttotheuniformcustomsandpracticefordocumentarycreditsContentsofaL/C

TypeoftheCredit--IrrevocableRevocableCreditNumber--Itwilltieupalltherelevantdocuments

PlaceandDateofIssue--Place（wheretheissuingbankislocated）

--Date（whentheL/Cisissued）

DateandPlaceofExpiry--Adefinitedate，notaperiodContentsofaL/C

AmountofthecreditandItscurrency--Iftheamountisprecededbyabout,approximatelyorcirca,thecreditwillallow10%tolerance--BeindicatedintheISOCurrencyCodeAvailablewith____bankby___--whichbankwilleffectthepayment--howthepaymentwillbeeffected

PartialShipment

--allowedornotallowedTransshipment--allowedornotallowedContentsofaL/C

PresentationPeriod--Afterthedateofshipmentbutwithinthevalidityofthecredit,thestipulatedtimecanbe14or21

InstructionstotheAdvisingBank--Withoutaddingyourconfirmation,withaddingyourconfirmation,addingyourconfirmationifrequestedbythebeneficiary

BanktobankInstructionsNumberofpages、ThesignatureoftheissuingbankPartiestoaL/CApplicant/buyer

--Liableforpaymenttotheissuingbankprovidednodiscrepancybetweendocumentsandthecredit;--righttoexaminethedocumentsandrefusepayment;--anyrequirementoftheapplicantshouldbesatisfiedbycertaindocumentsandclearlyindicatedwhenmakingcreditapplicationIssuingapplicationform

Issuingbank/thebuyer’sbank

--ByissuingacredittheissuingbankundertakesfullresponsibilityforpaymentPartiestoaL/CBeneficiary/seller

--Therighttoexamineacredituponreceiptofitaccordingtothesalescontract;--whetherbepaidornotsolelydependsonthefulfillmentoftermsandconditionsofthecredit.Advisingbank

--Accuratelytransmitthetermsofcreditandchecktheapparentauthenticityofthecredit

Reimbursingbank

--Abanknamedincreditfromwhichthepayingbank,acceptingbankornegotiatingbankmayrequestcoverafterpayingornegotiatingthedocuments.thereimbursingbankshallnotexaminethedocumentsProceduresofaL/CSeller/beneficiaryBuyer/applicantAdvisingbankdesignatedbankIssuingbankShippingcompany1)contract2)applicationandcashdeposits3)opensaL/C4)adviseL/c5)examineandpreparedocuments6)payment5)8)examinedocumentsandaskthebuyertoredeem9)pickupgoodsProceduresofaL/C1、Salescontractbetweenimporterandexporter2、Importermakestheapplicationform3、Issuingbankexamthecreditworthiness,passL/Ctotheexporter’sbank4、Exporter’sbankpassL/Ctothebeneficiary5、AcceptL/Corapplicanttohaveitamended,preparedotherdocsandpresenttotherightbank6、Checkdocuments7、Forwarddocstoreimbursingbankorissuingbank8、Makereimbursement9、Issuingbanknotifytheimporter10、DocsarereleasedtotheimportagainsthispaymentApplicationandAmendmentofL/CItisacontractbetweentheapplicantandtheissuingbankDocumentaryCreditApplicationform

AnydiscrepanciesbetweentheL/Candsalescontractmayleadtotheamendmentofthecredit

ApplicationforAmendmenttoLetterofcreditTypesofaL/C

Accordingtotheaddingofconfirmation

--Confirmedirrevocablecredit:givesthebeneficiaryadoubleassuranceofpayment.Usedwhenthesellerdoesnothaveconfidencethattheissuingbankcaneffectivelyguaranteepayment.

--Silentconfirmation:Basedonaseparatearrangementbetweenthebeneficiaryandthe“confirming”bank.Thebankwillnotbeconsideredtheconfirmingbankbytheissuingbankandacquiringnorightofclaimingreimbursementfromtheissuingbank.

AccordingtotheAvailabilityofpayment

--Irrevocabledocumentarysightpaymentcredit--Irrevocabledocumentarydeferredpaymentcredit--Irrevocabledocumentaryacceptancepaymentcredit--IrrevocabledocumentarynegotiationpaymentcreditTypesofaL/C

AccordingtothetimeofcreditAvailability--SightorDemandcredit

.

--TimeorusancecreditTransferableL/C

--Acreditunderwhichthebeneficiary(firstbeneficiary)mayrequestthebankauthorizedtopay,incuradeferredpaymentundertaking,acceptornegotiate(the“transferringbank”),orinthecaseofafreelynegotiablecredit,thebankspecificallyauthorisedin