Unit9（课件）-《商务英语(外贸英语实务)》同步教学（大连理工大学出版社）

L/C Examination and Amendment UNIT 9 Case Lead-in PART 1 Reading PART 2 Sample Conversations PART 3 Case Lead-in Part 1 　　The contract stipulated that the buyer should open the L/C before Jan. 30, 2021, and that shipment should be made before Feb. 15, 2021. The relative L/C was opened on Jan. 28 and remained valid to Feb. 28. But the seller was unable to make shipment according to the contract stipulation, thus he cabled the buyer and asked the buyer to extend the time of shipment and the validity of the L/C to Feb. 20 and Mar. 5 respectively. The buyer agreed but he didn’t notify the opening bank. The seller shipped the goods on Feb. 17, but he was dishonored by the bank when he made the negotiation. Does the bank have the right to dishonor the goods? How should the seller deal with the matter? 　　The L/C is a term of payment that has been commonly adopted in our foreign trade today. It is issued by a bank at the request of an importer. The L/C should reach the exporter in time. But in practice, delayed opening of the L/C and discrepancies between L/C and S/C often occur, so the exporter should not only urge the importer to apply for the opening of L/C when necessary, but also check up the L/C with the contract carefully after he receives the relative L/C in order to collect the payment safely and perform the contract smoothly. If the exporter finds any unacceptable discrepancies, he should then advise the importer to make amendment accordingly. Reading Part 2 The Functions of L/C 　　Because distrust exists between the exporters and the importers as to whether the other party will carry out his obligations, it is better to have a third party that makes sure payment goes to the exporter and goods goes to the importer. Banks have been chosen as that party since they are much better trusted in the business world. 　　L/C is the payment guarantee issued by the banks according to the importer’s request to the exporters, the beneficiaries on certain conditions. It is a kind