A letter of credit issuing bank (Issuing Bank) the credit
letters of credit of the issuing bank, the request of the applicant (importer) of the issuing open letters of credit bank.
Letter of credit issuing line conditional guarantee of payment letter of credit is opened,Puma Baylee Future Cat, the issuing bank bears primary responsibility for the payment, therefore, the issuing bank's credit and ability to pay have become key issues. So, to understand credit of the issuing bank.
letter of credit issuing date (Issuing Date)
issuing date is the date of issuing bank letter of credit issuing date is generally described as the
letter of credit must be clear that the issuing date. Power Generation Date Date (Date of Issue) open letters of credit) for the issuing date.
the date of issuing letters of credit should be clear, clear and complete.
determine the date of issuing the letter of credit is very important, especially those who are issuing date of other time or under issuing date of judgment suggested a single date is the date of issuing after the situation is even more important.
at the same time, the issuing date of whether the importer is the letter of credit opened by issuing term business contract < br> credit validity period (Expiry Date) and effective locations (Expiry Place)
letter of credit expiration date is the last date of the documents submitted by the beneficiary to the bank the beneficiary before the date of expiry or on the day to the bank submit the letter of credit documents.
effective at the location of the beneficiary within the validity period of bank documents submitted. foreign letter of credit generally requires valid place in our country, if the effective location in a foreign country, the beneficiary (exporter) special attention, must pay in advance prior to the expiration date seven days in advance of the recent foreign country or region of the Shan (Hong Kong, Macao, New; offshore country or region in advance of 10-15 days) for banks in the period of validity will The documents sent to the effective location of the bank.
effective location in a foreign country, it is best recommended to be amended in the country.
if the credit does not specify the effective location, they should immediately require the issuing bank to confirm if the open The issuing bank has always failed to respond shall be deemed effective locations in our country.
letter of credit letter of credit applicant (Applicant)
applicant, in accordance with the provisions of the contract of Commerce Bank (the issuing bank ) for opening letters of credit, that is, the importer.
letter of credit the applicant, including name and address of the content, must be complete, clear
five. credit letter of credit beneficiary (Beneficiary)
beneficiary of the certificate is specified in the letter of credit have the right to use letters of credit, the exporter.
beneficiary of the credit, including the name and address, etc., should be complete, clear, if there are errors or omissions. should immediately call the issuing bank to confirm or modify require issuing the applicant. letters of credit
the Zhenghao
credit card numbers (Documentary Credit Number) is the bank number of the issuing bank, and the issuing bank must refer to the number of business contacts. the credit Zhenghao must be clear, has not changed the word error.
if the credit of Zhenghao appear multiple times back and forth in letters of credit, should pay particular attention to in the meantime are the same, or should be call modified.
seven letters of credit currency and the amount of (Currency Code Amount)
the amount of the credit currency freely convertible currency in the international currency
if the letter of credit international non-freely convertible currency, the beneficiary may consider whether an acceptable.
the currency symbol should be the world currency standard code commonly used in international.
the amount of the credit is generally the usual wording in the international For example, written as one million U.S. dollars of USD1, 000,000.00.
If a credit in the wording of both uppercase and lowercase amount, consistent with uppercase and lowercase.
spots the letter of credit if the credit amount, then their mutual should be consistent
eight letters of credit the description of the goods (Description of goods and / or services)
letter of credit the description of the goods, letters of credit on the goods name, quantity, model or specification describes. single to bring in accordance with international practice, the credit description of the goods should not be complicated,nike dunks, if the goods description is too cumbersome, contact the issuing the applicant should be advised to the beneficiary to modify the part of the contents of the letter of credit and tedious description of the goods to the beneficiary system trouble, the description of the goods should be accurate, clear and complete.
Under normal circumstances, described in the basic content of the letter of credit goods, including goods name, quantity, model or specification.
nine terms of the letter of credit documents (the Documents documents the terms of the requied Clause)
letter of credit is the type specified in the issuing bank letter of credit, the beneficiaries must be submitted to the Exchange, the number of copies, the issue of conditions.
letter of credit terms of the documents be consistent, there should not be conflicting.
ten. the terms of the price of the price terms for Documentary Credits (Price Terms)
letter of credit, the applicant (importer) and the beneficiary (exporter) in the business transaction prices of goods specified in the contract, the general price method in accordance with international price terms FOB (FOB) and CIF (CIF or CNF) Special attention should be behind the price terms should be marked location day (shipping) shipped.
letter of credit shipment period shall be within the validity period. shipment date and expiration date of the
letter of credit should be a time interval between the time interval should not be too long, but also should not be too short. interval is too long, especially likely to cause delay to pay the beneficiary a single cargo to Hong Kong, the importer can not get the shipping documents to be able to take delivery so that pressure in Hong Kong ballast when the interval is too short, the beneficiary (on board) shipping made the documents to submit documents to the bank a short time, may cause tension in the Hours of, or within the period of validity can not pay a single letter of credit should be based on the specific circumstances of the audit period of shipment and expiration date, as necessary, recommend or require the beneficiary to contact the issuing the applicant to modify
Under normal circumstances, the interval between the shipment date and effective date of the letter of credit of approximately 10-15 days,Puma Michael Schumacher, unless the credit specifically provided
twelve letters of credit to pay a single period (the Period for the Presentation of the Documents)
letter of credit to pay a single period, In addition to the expiration date for each request letter of credit issued by the transport document should also provide a some time after the date of shipment to the bank to pay a single deadline. If there are no provisions that period, in accordance with international practice, the bank rejected the documents submitted by twenty-one days later than the date of shipment, but in any case, the document must be presented not later than the letter of credit ten days after the effective date submitted.
Under normal circumstances, open the issuing bank and the issuing applicants often provide the date of shipment, the deadline of 15 days or twenty days to pay a single, but if the credit has a special regulations, a single pay period can also be more than twenty-one days.
13 credit reimbursing bank (Reimbursing Bank)
pay line is specified by the issuing bank letter of credit to the paying bank, the confirming bank or negotiating bank to bank for reimbursement. It can be the issuing bank of a branch, have to be the third country of another bank (usually the account line). reimbursing bank by the issuing bank on your behalf to the issuing bank Payment is not responsible for the examination of documents, just by the issuing bank authorization (Authorization) and the negotiation or payment of the line payment (currently understand Certificate generally do not need).
reimbursement payment is not the finality of payment, that is, if the issuing bank the documents were received and single trial documents the existence of discrepancies found , the issuing bank or the payment of bank money right back to the negotiating bank cord.
fourteen credit repayment terms (Reimbursement Clause)
letter of credit reimbursement terms of the issuing bank letter of credit provisions how acceptance line to the paying bank, the confirming bank or negotiate the terms of the line to pay letter of credit payment letter of credit reimbursement terms directly related to the receipt, we must ensure that the correct and reasonable repayment terms for the reimbursement terms of complexity, to pay a tortuous route, should require the issuing OK to modify
fifteen. bank fees of the issuing bank or advising bank letter of credit bank charges provisions (Banking Charges Clause)
letter of credit in the general provisions of proposed pay line, such as bank fees and other bank charges borne by the beneficiary.
If a credit states all bank charges by the beneficiary, the beneficiary to pay attention to the costs clause is reasonable, to modify, to reduce the beneficiary unreasonable expenses
sixteen letters of credit entered into force provisions (Valid Conditions Clause)
some letters of credit under certain conditions come into effect,Puma Lazy Insect, such a conditional letter of credit in force should review the conditions are harsh , the beneficiary should pay attention to the trial card when filling in the credit on the original the word Shanghai Special Conditions (Special Conditions)
letter of credit, sometimes accompanied by the beneficiary, the advising bank, paying bank, accepting and confirming bank or the special provisions of the negotiating bank can not accept the terms should immediately contact the issuing bank or issuing the applicant to modify