国际商务谈判课件肖文萍Unit 11LCIntroduction.doc

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1、IntroductionTheLetterofCreditisessentialinthefinanceofinternationaltrade.Itisareliableandsafemethodofpayment,anditprotectstheselleraswellasthebuyer.Asfarastheseller’sbenefitisconcerned,hemusturgethebuyertoestablishanL/Cassoonaspossible.Whenthesellerreceivesacredit,itiscruc

2、ialforhimtoinspectitthoroughlyandcarefully.Ifthebeneficiaryfindsmistakesortermsandconditionswhichdonotcomplywiththecontractofsale,hemustcontacttheapplicantandrequestforamendmentofthecreditwithoutdelay.Thefollowingdetailshavetobechecked:1.DetailsabouttheL/Citself:validity,L

3、/Camount,timeofnegotiationetc.2.Descriptionofgoods:nameofcommodity,quantity,unitprice,specificationsetc.3.Shipment:Theportofshipmentandtheportofdestination,dateoflatestshipment,transshipmentandpartialshipment.4.Documentsrequired.5.Specialtermsandconditionsetc.Sometimesthes

4、ellermayfailtogetthegoodsreadyforshipmentintimeorthebuyermayrequestthattheshipmentbepostponedforonereasonoranother;thenthesellerwillhavetoaskforextensionoftheexpirydateaswellasthedateofshipmentoftheL/C.