内容正文:
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Situation
Establishing and
Amending L/C
Be familiar with the contents of L/C
Be able to rush the establishment of
Be able to advise the establishment of L/C
Be able to ask for amendment to L/C
Be familiar with the words and expressions used in establishing and amending L/C
Aims Today
If a transaction is concluded on L/C basis, the importer will make arrangement with a bank for the issuance of the credit in favor of the exporter. The opening bank issues an L/C and then sends it to its foreign branch or correspondent to advise the beneficiary (exporter) .
In the export trade in China,foreign clients often delay in opening the L/C within the time limit stipulated in the contract for one reason or another. The seller should urge the buyer to open the L/C so as to ensure the smooth performance of the contract.
On receipt of the L/C, it is essential for the seller to examine the terms in the L/C.The L/C terms should be in strict conformity with S/C stipulations.In actual practice,the unconformity between the L/C,S/C and national policy often occurs for the reason of the buyer's or the opening bank 'snegligence or mistakes,or special regulations on credits in some nations,or a few buyers’trap in the L/C.Therefore, the examination of the credit is a key step for the seller in the execution of the contract.
Background Information
Upon examination of the L/C, the beneficiary should list out all the discrepancies and contact the applicant for amendments to the L/C without any delay. He should always bear in mind that before the receipt of the amendments to the original L/C from the issuing bank advised through the same advising bank, he can never make shipment , otherwise he will put himself in a very unfavorable position.
Background Information
如果合同规定用信用证方式支付,进口商需向银行提出申请,要求开立以出口商为受益人的信用证。银行开出信用证后将其发给其国外分行或代理行,通知行将信用证交给受益人(出口商)。在中国的出口业务中,国外客户经常因为各种各样的原因不能在合同规定的时间内开立信用证,为确保合同的顺利履行,卖方应催促买方开证。
卖方在收到信用证后应立即对信用证进行审核以确保信用证的条款和合同的条款完全一致。在实际业务中,由于买方或开证行的疏忽或错误、有些国家对信用证的特殊规定或一些买