信用证的开发和修改(英文版).ppt

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1、Chapter6OpeningandamendingtheLetterofCreditLearnthedefinitionandclassificationoftheL/CBefamiliarwiththeflowchartoftheL/CGraspthebasicwaysofopeningandamendingoftheL/CLearningFocusThedefinitionoftheL/cIssuedbytheissuingbankattherequestofthebuyerStatesthattheissu

2、ingbankwillpayaspecifiedsumofmoneytoabuyerNormallythesellerspecifieddocumentsIsacontractbetweentheissuingbankandbeneficiarythesightandtimeL/C即期与远期信用证sightL/C:requirethebuyertopayatsighttimeL/C:allowingthebuyeradeferredpaymenttherevocableandIrrevocableL/C可撤销与不可撤销

3、信用证therevocableL/c:thebuyercanamend,revokeorcancelltheL/Cwithoutthebuyer’sagreement.ClassificationoftheL/CItcanbecancelledanytimeuponthebuyer’srrequestIrrevocableL/C:anyletterdoesnotspecifyeitherasbeingrevocableorinrevocablewillberegardedasbeingrevocable3.thetra

4、nsferableandNon-transferableL/CtheL/Cthatwastrasferredormadeavailabletothesecondbeneficiaryisknownasthetransferredcredit.ifthewords“transmissible”“assignable”and“divisible”areused,theL/Cisnottransferable.4.theConfirmedandnon-confirmedL/CtheconfirmedL/Cistheonewh

5、ichisconfirmedandguaranteedbyathirdpartybankforthepaymentintheeventthattheopeningbankbecomesbankrupt.(5)TheDocumentaryandCleanCreditDocumentarycreditisanarrangementwherebytheapplicant(theimporterrequestsandinstructstheissuingbank(theimporter’sbank)ortheissuingba

6、nkactingonItsownbehalf:Paysthebeneficiary(theexporter)oracceptsandpaysthedraft(billofexchange)drawnbythebeneficiary;Authorizestheadvisingbankorthenominatedbanktopaythebeneficiaryortoacceptandpaythedraftdrawnbythebeneficiary;Authorizestheadvisingbankorthenominate

7、dbanktonegotiate,againststipulateddocuments,providedthatthetermsandconditionsofthedocumentarycreditarefullycompliedwith.Areciprocalcreditisusuallyconcernedwithabartertransaction.Itisinallrespectssimilartoanordinarycommercialcreditexceptthattheopeneroftheoriginal

8、creditmayassumethepositionofthebeneficiaryofthereciprocalcredit,whilethebeneficiaryoftheoriginalcreditmaybecometheopenerofthereciprocalcredit.Inotherwords,theyareboth