So a margin amount is blocked in your bank account to make the payment under the said letter of credit. Certainly you may ask, what would be the ‘margin’, bank blocks. This amount is determined, purely based on your financial relationship with your bank. Let us discuss about your credit...
Letter of Credit 国际结算 演示教学.ppt,Available with XX Bank By sight payment/By payment By acceptance By deferred payment By negotiation and beneficiary’s draft drawn on □□□× XX Bank ⑵ Function clause Issuing bank/Advising bank/Third ban
信普通信用证即期付款信用证SightPaymentCredit 用 延期付款信用证DeferredPaymentCredit 证 承兑信用证AcceptanceCredit 的 议付信用证NegotiationCredit 种 可转让信用证TransferableCredit 类特殊信用证对背信用证BacktoBackCredit对开信用证ReciprocalCredit 循环信用证RevolvingCredit 预支信用证AnticipatoryCredit 备用信用证Stand...
LetterofCredit 信用证 商务单证 Lesson1LetterofCredit信用证 Specimen Contents MoreInformation Practice Introduction Introduction 信用证是银行(即开证行)依照进口商(即开证申请人)的要求和指示,对出口商(即受益人)保证,在交来符合信用证条款规定的汇票和单据时,必定承兑和付款的保证文件。根据《跟单信用证统一惯例...
liabilitiesforpayment.Theissuingbank undertakestoeffectpayment.Thebankassumes aprimaryratherthanasecondaryliability. L/Cisaself-sufficientinstrument.Aletter ofcreditstandsindependentofthesalescontract. Itissimplyadocumenttransaction.The banksdealwithdocumentsandnotwithgoods, ...
Creditmeansanyarrangement,howevernamedordescribed,thatisirrevocableandtherebyconstitutesadefiniteundertakingofthe issuingbanktohonouracomplying presentation.4 Whatdoeshonourmean?Honour(兑付,或者承付）means:a.topayatsightifthecreditisavailablebysightpayment.b.toincuradeferredpaymentundertakingandpayatmaturityifthecredit...
To incur a deferred payment undertaking and pay at tenor if the credit is available by deferred payment. To accept a bill of exchange (“draft”) drawn by the beneficiary and pay at tenor if the credit is available by acceptance.” “Negotiation means the purchase by the nominated bank of...
YesYes/noTenorofthebillAtsightUsanceAtsight/usanceDraweeNominatedbankNominatedbankAnybankotherthannegotiatingbankPaymenttimeAtsightfuturefuturemakepaymentatsight,minusinterestRightofrecourseNoNoNoYes25kindsSightpaymentDeferredAccordingtothetenor按期限分类1.Sightcredit即期信用证⑴Withorwithoutsightdraft⑵Functionclause:①...
Documents? Payment? 5.4 Classification of Letters of Credits Attentions: letter-of-credit(信用证)全文共124页,当前为第105页。 Attentions: At the time of opening the credit the buyer must request that it be made transferable The credit itself, as issued, must be clearly marked as Terms such ...
Letter of Credit 信用证 国际结算 演示教学.ppt ② Usance drafts drawn under this credit are to be negotiated at sight basis. Interest is for buyer’s account.本证下的远期汇票可按即期议付处理。利息由买方负担。 ③ Payment are to be made at sight basis. Discount charges, acceptance commission ...