【正文】 lf of Issuing Bank. If documents ply with LC, nominated bank would pay/accept /negotiate the documents according to the type of LC. 3Then, nominated bank sends documents to Issuing Bank Issuing bank would examine the documents against LC. If they ply with LC, Issuing Bank would reimburse Nominated 4If not ply, returns the documents to nominated bank. 4Return documents 5recourse Importer Applicant Issuing Bank Nominated bank Exporter Beneficiary Basic documentary credit procedure(7) 1Doc. 2Pay pliant documents 3Forward documents amp。 clear, correct,precise ,free from too much details amp。 指定銀行包括 : 即期付款行 , 延 期付款行 , 承兌行 , 議付行 , 取決于 信用證種類。 claim Reimbursing Bank 6Reimburse It can also be “Confirming Bank” Nominated bank is usually issuing bank’s correspondents, who carry out LC instruction on basis of agency agreement, including: Paying Bank, Deferred Payment Bank, Accepting Bank, Negotiating Bank, depending on the type of LC They are the major parties in LC contract. 1申請 申請人、開證人 申請人 開證行 2信用證 通知行 3通知 出口商 受益人 跟單信用證業(yè)務(wù)的當(dāng)事人 4單據(jù) 指定銀行和索償行 5單據(jù)和索償 償付行 6償付 它也可以是“保兌行 指定銀行通常是開證行的代理行。它是民間機(jī)構(gòu)，其規(guī)則被 各國銀行集體通告國際商會而被接受，并由各國國 際商會國家委員會、有關(guān)國家銀行協(xié)會、單個銀行 向國際商會確認(rèn)或在將其寫入跟單信用證中表明遵 守。 在信用證交易中，所有合同，包括申請書、信用證 通知、跟單信用證、信用證修改申請和通知、信用 證保兌、付款、承兌等都要表明是“根據(jù) UCP600 ……. 開立等”。 如果信用證條款與 UCP抵觸 , 信用證條款優(yōu)先，因 為 UCP不是法律。 買賣雙方不得干涉對單據(jù) 是否符合信用證的決定。 3銀行審單標(biāo)準(zhǔn)是信用 證，不是其它合同。 10開證行根據(jù)信用證 內(nèi)容檢查單據(jù)內(nèi)容 信用證業(yè)務(wù)流程圖 (2) 5發(fā)貨 Exporter Importer Commercial contract application contract Issuing bank LC contract Importer fills in application in strict accordance with mercial contract Issuing bank opens LC in strict accordance with application. Bank’s standard for examining documents is LC, not other contracts. Once opened, LC is independent of other contracts, . mercial contract and application though LC is opened on them. Buyer and seller must not interfere in Bank’s decision on whether documents ply with LC 3 contracts LC transaction refers to this contract. 出口商 進(jìn)口商 1商業(yè)合同 2申請書 (合同 ) 開證行 3信用證 （合同） 進(jìn)口商嚴(yán)格按照商業(yè)合同填寫信用證申請書（否則會被賣方拒絕）。 Exporter Beneficiary 5Dispatch goods Importer Applicant 7documents Advising bank acting as nominated bank 8Pay 9Forward docs to and claim on Issuing Bank 10Reimburse = pay without recourse 12pay 11documents 13B/L Carrier 6B/L 14Deliver goods 7He must hands in documents stipulated in LC, because banks deal only with documents, not goods or service. 8 Exporter’s bank, who would advise and examine documents for issuing bank and on basis of correspondent agreement. 10It would examine the documents against LC The flow chart of L/C 進(jìn)口商 申請人 7單據(jù) 出口商 受益人 通知行擔(dān)當(dāng) 指定銀行 8付款 9寄單和索償 開證行 10償付 = 無追索權(quán)的付款 11付款 12單據(jù) 13提單 承運人 6提單 14交貨 7受益人必須提交信用證規(guī)定的單據(jù)， 因為銀行只管單據(jù)，不管貨物或服務(wù)。減少外匯和政治風(fēng)險。 2獨立的銀行信用支持和明確的（銀行）付款承諾。 clear payment promise. Reduce/eliminate mercial risk. Reduce exchange amp。 ?Once it has made payment to the beneficiary, it will lose the right of recourse to the beneficiary。 ?When dishonored by the issuing bank, it has the right of recourse to the beneficiary。 whether be paid or not solely depends on the fulfillment of terms and conditions of the credit. applicant beneficiary issuing bank Sales contract applicant L/C 通知行（ Advising bank） Accurately transmit the terms of credit and check the apparent authenticity of the credit 保兌行（ Confirming bank） ?Undertake the same obligations assumed by the issuing bank。 ? right to examine the documents and refuse payment。 交貨 承運人 交貨 單據(jù) 憑單據(jù)付款 不是憑貨物 銀行不關(guān)心貨物，因 為銀行不懂貨物。 The concept of L/C Honor means: to pay at sight if the credit is available by sight payment. to incur a deferred payment undertaking and pay at maturity if the credit is available by deferred payment. to accept a bill of exchange (“draft”) drawn by the beneficiary and pay at maturity if the credit is available by acceptance. The concept of L/C ? A L/c is a written promise by the issuing bank to the beneficiary, under which the bank will pay a sum certain in money to the beneficiary if the beneficiary of the L/C provides the bank with specified documents within a prescribed time period, which all ply with the terms and conditions of the credit. The concept of a L/C Benefits of credit Importer Exporter Long distance, hard to get to know each other Ask to guarantee payment to exporter Banker Guarantee payment against documents stipulated in LC Deliver goods Carrier Deliver goods Documents Pay against documents not goods. Banker does not care about goods, for bankers do not know about goods. 信用證的有利方面 進(jìn)口商 出口商 距離遠(yuǎn)，難以相互了解。 買賣雙方距離遙 遠(yuǎn)，相互不了解。 Buyer Issuing bank Why use letter of credit？ Seller Your bank must guarantee the payment, otherwise no contract. , I will let my bank guarantee the payment against conditions I prescribe. I will undertake to you to pay immediately provided that the documents handed in by you conform to terms and conditions of letter of credit. Banker’s credit is better than trader’s credit 賣方 買方 開證行 為什么使用銀行信用證？ 1您的銀行必須為付款做擔(dān)保，否則沒有合同可簽！ 2好的，我將讓我的銀行根據(jù) 我規(guī)定的條件為付款做擔(dān)保。銀行提供有償服務(wù)。賣方收到買方銀行開來的信用證時就可放心備貨和裝 運貨物，因為賣方知道銀行必須遵守諾言 – 銀行靠信譽(yù)生存，否 則銀行就會出現(xiàn)擠兌。買方按照合同要求向銀行申請 開立信用證，其內(nèi)容包括商品名稱、數(shù)量、規(guī)格、價格、金額、 包裝、最遲交貨期、最遲交單日期、單據(jù)種類和份數(shù)等等。買方銀行用自己的信用 向出口商保證；只要賣方提交的單據(jù)符合信用證的要求，銀行保 證付款。Chapter five Letter of credit ? The concept and characteristics of a L/C ? Contents of a L/C ? Parties to a L/C ? Procedures of a documentary credit operation ? Types of credit ? Examination of a L/C