第10章 信用证(讲义)

Section 1 Introduction of L/C

⏹Main parties involved in L/C

♦Applicant （Accountee, Opener, for account of…, by order of…, at the request of…）♦Issuing bank （Opening bank, Establishing bank）

♦Advising bank （Notifying bank）

♦Beneficiary （in favor of, in … favor）

♦Negotiating bank （Negotiation bank）

♦Confirming bank

♦Paying bank

⏹Categories of Letters of Credit

♦Documentary Credit / Clean Credit 跟单信用证与光票信用证

♦Irrevocable Documentary Credits 不可撤销的跟单信用证

♦Confirmed / Unconfirmed L/C 保兑的与非保兑的信用证

♦Negotiation Credit 议付信用证

♦Sight Payment L/C 即期信用证

♦Time/Usance L/C 远期信用证

♦Acceptance L/C 承兑信用证

♦Deferred Payment L/C 延期信用证

♦Reciprocal L/C 对开信用证

♦Transferable L/C 可转让信用证

♦Revolving L/C 循环信用证

♦Back to back L/C 背对背信用证

♦Standby L/C 备用信用证

The Main Procedures of L/C

1. A contract is made between the exporter and the overseas buyer stipulating payment by letter of

credit.

2.The overseas buyer instructs the bank at the residence of the buyer to open an L/C in favor of the

exporter on the terms agreed in the contract of sale.

3.An L/C is opened and forwarded to the bank（also called the advising bank）at the residence of the

exporter by the issuing bank.

4.The advising bank delivers the L/C to the exporter and advises the exporter to arrange for the

delivery of the goods and prepare the necessary documents.

5.The exporter must take care in scrutinizing the documentary letter of credit to make sure whether all

the terms and conditions in the credit can be complied with.

6.If not, the L/C should be rejected immediately and require amendments, which must be made in

advance of shipment of the goods, otherwise the exporter may be faced with the risk his draft being dishonored by the bank.

7.On shipment, the exporter presents the shipping documents to his advising bank（or negotiating

bank）with the request for payment in accordance with the payment terms.

8.The advising bank（or the negotiating bank）checks the documents and then forwards the documents

to the issuing bank for reimbursement.

9.The issuing bank further checks the documents against the terms of credit and relays them to the

buyer to enable him to take delivery of the goods, and at the same time pays the exporter for the shipment or reimburses the negotiating bank for the advance.

Section 2 Common Patterns

* We are looking forward to receiving an L/C confirmed by the Bank of China, and your order will have our immediate attention.

希望尽快收到由中国银行保兑的信用证，我方将会立即执行你方订单。

* The stipulation in the L/C should be exactly in accordance with the terms stated in the contract signed by both parties.

信用证中的条款必须与双方所签订合同中的条款完全一致。

* As the date of shipment is approaching, it is advisable for you to open the relevant L/C as early as you can.

由于装船日期临近，应该尽可能早地开立有关的信用证。

* The L/C is valid for you to negotiate in London before the 15th day after shipment.

该信用证在装运后至第15天在伦敦议付有效。

* We have received your letter of credit No.215 issued by the Bank of China. After reading it carefully, we found that transshipment is not allowed, which is just on contrary to our S/C.

兹收到你方由中国银行开具的第215号信用证。仔细审阅后，我们发现该信用证不允许转船装运，而这恰恰与我们的销售确认书不符。

* We have to request you to amend the L/C to read “Partial shipment and transshipment are allowed”.

烦请修改信用证：“允许分批装运和转船”。

* You are kindly appreciated to see to it that punctual delivery is made within the validity of the L/C.

恳请务必在信用证有效期内按时装运。

* Please expedite the establishment of the relevant L/C upon receipt of this letter so that we can effect shipment in time.

接到信后，请速开立有关信用证，以便及时装运。