外贸函电1

Unit 8 Terms of PaymentObjectives of this unit A general understanding of the L/C; The procedure of L/C; The contents of L/C; Exporter urges importer to open a L/C ; Importer notices seller for the L/C; Amendment of L/C; Disputes in dealing with the L/C;Terms of PaymentRemittancel -T/T (Telegraphic Transfer)l -M/T (Mail Transfer)l -D/D (Demand Draft) Collectionl -D/P (Document against Payment)l -D/A (Document against Acceptance)General knowledge of L/Cn The most commonly used method of payment in the international trade is L/Cn Parties of L/C委托开证人（进口商） Importer, Applicant开证行 Issuing bank or Opening bank通知行 Notifying bank or Advising bank议付行 Negotiating bank受益人 (出口商） Exporter, BeneficiaryProcedure of L/CApplicant or importer 1 Contract Beneficiary or exporterIssuing bank Paying bankAdvising bankNegotiating bank5 Shipment234 687910 11Procedure of the L/Cn Filling application form;n Advising the beneficiary;n Examination of the L/C;n (Amendment of L/C)n Complementing the contract;n Presenting the documents under the L/C; n Negotiating or Paying for the L/C;Types of L/Csn Revocable L/C （ 可撤销信用证）n Irrevocable L/C （ 不可撤销信用证）n Confirmed L/C （ 保兑信用证）n Documentary L/C (跟单信用证）n Clean L/C （ 光票信用证）n Sight L/C （ 即期信用证）n Usance L/C （ 远期信用证）n Transferable L/C （ 可转让信用证）n Back to back L/C （ 背对背信用证）n Revolving L/C （ 循环信用证）Business Letters Concerning L/Cn Urging the establishment of L/Cn Advice of Opening of L/Cn Amendment to L/Cn Extension of L/CRequest for opening of L/Cn Please open an irrevocable letter of credit for the amount of $5000 covering your order for in favor of ABC company.n We request you to establish a L/C with Bank of China for the amount of $5000.n With reference to your order No.123, we have not yet received your credit to date. The time of shipment is imminent, so you are requested to open a credit as soon as possible.n Immediate shipment is guaranteed upon arrival of your L/C.Advice of opening of L/Cn Today we instructed Bank of China to open a credit for $10000 in your favor.n We are pleased to inform you that an irrevocable letter of credit covering our order has been established in your favor.n This is to inform you that to cover your shipment of our order an No. 123, we have established an irrevocable letter of credit today with the National Bank of New York, in your favor.n We look forward to your early arrangement for shipping our order.Amendment of L/Cn We would like to ask you to amend the L/C No.1502 of The Royal Bank for your order No.10 as follows;n Please correct the amount of L/C to $6000and the name of merchandise to Motorbike AZ12 instead of Motorbike AX10 as agreed on in our contract of April 8.n Please amend the L/C to FOB basis as our Sales Note No.125 stipulates although your L/C describes it as CFR basis.Expiry & Extension of L/Cn This credit is to remain in force until June 30.n This credit expires on June 30,2006 in the country of the beneficiary for negotiation.n May we ask you for a two-week extension of the validity of your irrevocable letter of credit No.123 issued by Bank of China? The reason is thatn You are kindly advised that your letter of credit No.8790 has been extended to March 19 The Reasons for Extension of L/Cn Because of an unusual shortage of shipping, we find it impossible to secure space for the shipment of your Order No. 213.n Due to unexpected trouble that occurred in the process of manufacture toward the final stage, the execution of your order No.234,