外贸跟单员学习资料（merchandiser learning materials）

外贸跟单员学习资料（MERCHANDISERLEARNINGMATERIALS）THEUNIFORMCUSTOMSANDPRACTICEFORDOCUMENTARYCREDITSINFOREIGNTRADETHESTIPULATIONSOF“UNIFORM,CUSTOMS,AND,PRACTICE,FOR,DOCUMENTARY“CREDITS“UCP500“1EXCEPT,AS,OTHERWISE,STATED,HEREINEXCEPTASOTHERWISEPROVIDEDINTHISCREDIT2EXCEPT,SO,FAR,AS,OTHERWISE,EXPRESSLY,STATEDUNLESSEXPRESSLYSTATEDOTHERWISE3THIS,CREDIT,IS,SUBJECT,TO,THISCARDISEXPLAINEDONTHEBASISOF4UNIFORM,CUSTOMS,AND,PRACTICE,FOR,DOCUMENTARY,CREDITSDOCUMENTARYCREDITSYSTEMONEPRACTICE5INTERNATIONALCHAMBEROFCOMMERCEBROCHURENO400INTERNATIONALCHAMBEROFCOMMERCEHANDBOOKNO400THREVISEDVERSION61983REVISION19837EXCEPT,AS,OTHERWISE,EXPRESSLY,STATED,HEREIN,THIS,CREDIT,IS,SUBJECTTO,UNIFORM,CUSTOMS,AND,PRACTICE,FOR,DOCUMENTARY,CREDITS,REVISION,INTERNATIONAL,CHAMBER,OF,COMMERCE,PUBLICATION,NO500,UNLESSOTHERWISESPECIFIED,THISCREDITISAMENDEDANDINTERPRETEDINACCORDANCEWITHTHEUNIFORMCUSTOMSANDPRACTICEOFDOCUMENTARYCREDITS,PUBLISHEDINICCNO500TH,1993FOREIGNTRADEDOCUMENTARYPROCESS11STEPSINFACT,THEDOCUMENTARYISVERYSIMPLE,THATIS,ASABRIDGEBETWEENCUSTOMERSANDFACTORIES,DOAGOODJOBOFCOORDINATIONMANAGEMENT,EVENIFTHEINFORMATIONPLACEFEEDBACKBETWEENTHETWOTHEFIRSTSTEPWHENTHESALESMANANDCUSTOMERCOMMUNICATEONLINE,DETERMINETHEINITIALINTENTIONCUSTOMERVIAEXPRESSPASSTHESAMPLEANDTHEDETAILSOFTHEPROCESSINGATTHISPOINT,THESAMPLEANDRELATEDPROCESSINGREQUIREMENTSTHROUGHTHEFIGHTTHESAMPLEREQUESTFORMISREFLECTEDAFTERTHAT,AFTERSIGNINGTHESALESMANAGER,THESAMPLESANDTHEPROOFSHEETPROOFLISTSHOULDBEREEXAMINEDPRINTONEANDKEEPTHEORIGINALTOTHEPROOFINGROOM,PROOFINGTHESECONDSTEPSAMPLESOUT,SENTTOCUSTOMERSBYEXPRESS,PAYATTENTIONTOEVENTOEXPRESSINQUIRYUPSNUMBERTHETHIRDSTEPTHECUSTOMERCONFIRMSTHESAMPLEANDSENDSTHESAMPLEBACKANDORDERSTHEFOURTHSTEPACCORDINGTOTHERETURNEDSAMPLE,MAKESIMPLEORDERTOTHETECHNICALDEPARTMENTORDERFORMS,SALESCLERKSANDDEPARTMENTSIGNATUREOFDOORMANAGERLEAVETHESAMPLESANDTECHNOLOGYINTHETECHNICALDEPARTMENTITISREQUIREDTOMAKETHEPROCESSFLOWTHEFIFTHSTEPAFTERTHECONTRACTTOTHEFINANCEDEPARTMENTSIGNEDANDSIGNEDBYTHEBOSSANDTOGETHERWITHTHEPROCESSSAMPLES,3SAMPLESAFORMALORDERFORMTHEORDERFORMISTOBEMADEACCORDINGTOTHECONTRACT,QUALITYREQUIREMENTS,PACKINGREQUIREMENTS,ANDREMARKSDELIVERYDATEWRITECLEARLYAFTERTHAT,MAKE5COPIESOFTHEORDERFORM,ANDPASSTHEMSEPARATELYTHROUGHPRODUCTIONQUALITYCONTROLFINANCIALCONTROLSHIPMENTANDSIGNITINTHEORIGINALKEEPTHEORIGINALORDERFORMYOURSELFMAKE5COPIESOFTHEPROCESSBOOKANDSENDTHEFINANCIALSTATEMENTSTECHNOLOGYDEPARTMENTMATERIALCONTROLPRODUCTIONQUALITYCONTROLLEAVETHEORIGINALCOPYTOTHETECHNICALDEPARTMENTANDKEEPTHECOPYYOURSELFTHESIXTHSTEPCOPY2COPIESOFTHECONTRACTANDFILETHEORIGINALFORYOURSELFCOPIESWEREHANDEDOVERTOTHEHEADOFFICEANDTHEFINANCEDEPARTMENTPEOPLETHESEVENTHSTEPEVENIFREFLECTSTHEFACTORYINTHEPRODUCTIONPROCESSOFTHEPROBLEM,ANDCOMMUNICATEWITHTHESALESMANINSALESANDAFTERTHEAGREEMENTHASBEENREACHEDBYTHECUSTOMER,THERESULTWILLBECOMMUNICATEDTOTHEPRODUCTIONWORKSHOPTHROUGHTHEWORKCONTACTSHEETWORKKEEPTHEORIGINALCONTACTANDSENDACOPYTHEEIGHTHSTEPQUICKDELIVERY,CONTACTTHEFREIGHTFORWARDINGCUSTOMSDECLARATIONANDSENDITTOFORWARDERINADVANCEIFPRODUCTIONHASASKEDBECAUSEOFTHEPROBLEM,THESHIPMENTCANNOTBENOTIFIEDTOTHEFORWARDERINADVANCESOTHATITCANMAKETHESHIPPINGSCHEDULEACCORDINGLYTHENINTHSTEPEVENIFFINISHEDGOODSDELIVERYOFWAREHOUSERECEIPTSORRELEVANTDOCUMENTSTOFORWARDERWITHINTWODAYSINADVANCEDEPARTMENTAND3COPIESOFTHESHIPPINGNOTICE,DELIVERYQUALITYDELIVERYDEPARTMENTKEEPONESORIGINALCOPYTHETENTHSTEPEVENIFYOUMAKETHENEGOTIATIONDOCUMENTSTOGETHERWITHTHEBILLOFLADINGSENTBYTHEFORWARDERFORNEGOTIATIONASINTHEPREVIOUST/T,FIRSTCOPYTOEACHOTHER,ANDPAYFORITUNDERTHEL/CITEM,THEFINANCEDEPARTMENTWILLSUBMITITTOTHEBANKFORRELEVANTMATTERSTHEELEVENTHSTEPTOWRITEOFFTHEDOCUMENTSANDOTHERRELATEDDOCUMENTS,THEDOCUMENTSWILLBEHANDEDOVERTOTHEFINANCEDEPARTMENTFORSETTLEMENTTAXREFUNDPROCEDURESNOTESONFOREIGNTRADEDOCUMENTS1ISTHEMATERIALCORRECT2ISTHESIZEACCURATE“3ISTHEDESIGNWRONG4EXQUISITEWORKMANSHIP5ISTHEFINISHEDCOLORCORRECT“6WHETHERTHEREISNOLEAKAGEOFMATERIALS7CANTHEMATERIALARRIVEATTHEPROCESSINGPLANTACCORDINGTOTHESCHEDULEDTIME8ISTHEREAPROBLEMONTIMEALLTHEACTIONSOFEMPLOYEESREPRESENTTHECORPORATEIMAGEOFTHECOMPANY,WHETHERINTERMSOFPERSONALACTIONSORWORDS,ITSIMPORTANTTOFOCUSONINDIVIDUALSANDCOMPANYIMAGEBELOYALTOTHECOMPANYANDSELLTHECOMPANYFORPERSONALGAINMERCHANDISERDURINGTHELIFEANDWORK,PAYATTENTIONTOORDERLYADJUSTMENT,ESPECIALLYTOENSUREPERSONALSAFETY,INADDITIONTOPAYMOREATTENTIONTOREPRESENTSTHECORPORATEIMAGETHEPROCEDURESFORTHEOPERATIONOFDOCUMENTARYCREDITSARESUMMARIZEDASFOLLOWS1THESELLERANDTHEBUYERREQUIREPAYMENTBYDOCUMENTARYLETTEROFCREDITINTHETRADECONTRACT2THEBUYERNOTIFIESTHELOCALBANKISSUINGBANKTOOPENALETTEROFCREDITINFAVOROFTHESELLER3THEISSUINGBANKREQUESTSANOTHERBANKSADVICEORCONFIRMEDCREDIT4ADVISINGBANKADVISINGTHESELLERSTHATTHEL/CHASBEENOPENED5THESELLERSSHALLSHIPTHEGOODSUPONRECEIPTOFTHEL/CANDTOENSURETHATTHETERMSANDCONDITIONSSTIPULATEDINTHEL/CAREMET6THESELLERSUBMITSTHEDOCUMENTSTOTHENOMINATEDBANKTHEBANKMAYBETHEISSUINGBANKORTHEPAYMENTSPECIFIEDINTHELETTEROFCREDITACCEPTANCEORNEGOTIATIONBANK7THEBANKCHECKSTHEDOCUMENTSINACCORDANCEWITHTHEL/CIFTHEDOCUMENTSMEETTHESTIPULATIONSOFTHEL/C,THEBANKWILLENTERTHEL/CASSTIPULATEDINTHELETTEROFCREDITPAYMENT,ACCEPTANCEORNEGOTIATION8THEBANKOUTSIDETHEISSUINGBANKSENDSTHEDOCUMENTSTOTHEISSUINGBANK9THEISSUINGBANK,AFTERTHEEXAMINATIONDOCUMENTSARECORRECT,INTHEFORMOFAPRIORAGREEMENT,HAVEBEENINACCORDANCEWITHTHELETTEROFCREDITPAYMENT,ACCEPTANCEORDISCUSSIONBANKREIMBURSEMENT10THEISSUINGBANKWILLMAKEAPRESENTATIONAFTERTHEBUYERPAYSTHEBILLANDTHENBUYITBYTHEBUYERSVOUCHEROPENINGOFL/C1APPLICATIONFOROPENINGL/CIMPORTERSANDEXPORTERSAGREETOOPENL/CAFTERPAYMENTBYL/CPAYABLEBYBOTHPARTIESTHEFIRSTTHINGISTOFILLINTHEAPPLICATIONFORMESTABLISHESTHELEGALRELATIONSHIPBETWEENTHEAPPLICANTANDTHEISSUINGBANKTHEREFORE,THEOPENINGAPPLICATIONFORMISTHEMOSTIMPORTANTDOCUMENTOFTHEOPENINGL/C2OPENINGREQUIREMENTSTHEREQUIREMENTSOFTHECREDITAPPLICATIONARECLEARLYSTATEDINTHEUNIFORMPRACTICE,ANDTHEIMPORTERMUSTINFORMTHEBANKOFITACCURATELYTHELETTEROFCREDITOPENEDMUSTBECOMPLETEANDCLEARAPPLICANTSMUSTALWAYSREMEMBERTHATDOCUMENTARYCREDITSAREAFORMOFBUSINESSDOCUMENTTRANSACTIONS,NOTGOODSTRANSACTIONSBANKERSARENOTBUSINESSMEN,SOAPPLICANTSCANNOTEXPECTBANKWORKERSTHECLERKISWELLINFORMEDOFTECHNICALTERMSINEACHTRANSACTIONEVENIFHEWRITESALLTHETERMSOFTHESALESCONTRACTINTHELETTEROFCREDIT,IFTHEBENEFICIARYREALLYWANTSTOCHEAT,HECANNOTBEFULLYPROTECTEDTHISREQUIRESBANKSANDAPPLICATIONSWESHOULDWORKTOGETHERTOUSECOMMONSENSETOAVOIDISSUINGLETTERSOFCREDITWHICHAREBURDENSOMETOALLPARTIESBANKSSHOULDBEDISCOURAGED,TOOINOPENINGALETTEROFCREDIT,THECONTENTSOFTHELETTEROFCREDITUSEDTOOPENTHEPASTSETSOFCARDSTHESAFETYOF3LETTEROFCREDITUPONRECEIPTOFTHEFULLINSTRUCTIONSOFTHEAPPLICANT,THEBANKSHALLIMMEDIATELYOPENTHECREDITINACCORDANCEWITHTHEINSTRUCTIONSONTHEOTHERHAND，THEBANKALSOHASTHERIGHTTOASKTHEAPPLICANTTOHANDOVERACERTAINAMOUNTOFMONEYORPERFORMITINOTHERFORMSOFITSPROPERTYAGUARANTEEOFITSINSTRUCTIONSINACCORDANCEWITHCURRENTREGULATIONS,CHINASLOCAL,DEPARTMENTALANDENTERPRISEOWNEDFOREIGNEXCHANGEUSUALLYMUSTBEDEPOSITEDINTHEBANKOFCHINAASIFCERTAINUNITSREQUIREDOCUMENTARYCREDITSTOIMPORTGOODSORTECHNOLOGIES,THEBANKOFCHINAWILLFREEZETHEIRACCOUNTSEQUIVALENTTOTHEAMOUNTOFTHEL/CAMOUNTASTHEOPENINGBONDIFTHEAPPLICANTDOESNOTHAVEANACCOUNTWITHTHEISSUINGBANK,THEISSUINGBANKISLIKELYTOREQUIRETHEAPPLICANTTOTHEBANKDEPOSITEDASUMOFMONEYEQUALTOTHEAMOUNTOFTHEFULLCREDITTHISCANBEACHIEVEDBYMORTGAGESORMORTGAGEGUARANTEEOFSTOCKS,FOREXAMPLE,BUTBANKSMAYALSOPROVIDEFINANCINGTHROUGHCOLLATERALFORGOODSTRADEDISSUINGBANKFIRSTOFALL,TOINVESTIGATETHEMARKETABILITYOFTHEGOODS,ANDIFTHEGOODSAREEASYTOSELL,THEBANKPROVIDESTHELETTEROFCREDITTOTHECUSTOMERTHEAMOUNTOFFINANCINGISMUCHHIGHERTHANTHATOFUNSALABLEGOODS4THEAPPLICANTANDTHEISSUINGBANKSOBLIGATIONSANDRESPONSIBILITIESTHEAPPLICANTASSUMESTHREEMAINOBLIGATIONSTOTHEISSUINGBANK1THEAPPLICANTMUSTPAYFORTHEL/CANDOBTAINTHEDOCUMENTSONBEHALFOFTHEBENEFICIARYBEFOREHEPAYSDOCUMENTSASPROPERTYDOCUMENTSREMAININTHEBANK2IFTHEDOCUMENTISINCONFORMITYWITHTHETERMSOFTHECREDITANDTHEAPPLICANTREFUSESTHE“REDEMPTIONORDER“,ITISTHEDEPOSITOFTHEGUARANTEEORTHEFUNDSTHATHAVEBEENFROZENONTHEACCOUNTWILLBEOWNEDBYTHEBANK3THEAPPLICANTHASPROVIDEDALLTHECOSTSREQUIREDFORTHEISSUINGBANKSLIABILITYLIABILITYOFTHEISSUINGBANKTOTHEAPPLICANTFIRSTOFALL,ONCETHEISSUINGBANKRECEIVESTHEDETAILEDINSTRUCTIONSOFTHEOPENINGL/C,ITISUPTOYOUTOOPENTHEL/CASSOONASPOSSIBLESECOND,ONCEANISSUINGBANKACCEPTSANAPPLICATIONFORACREDIT,ITMUSTACTINSTRICTACCORDANCEWITHTHEINSTRUCTIONSOFTHEAPPLICANTADVICEOFLETTEROFCREDIT1THERESPONSIBILITYOFTHEADVISINGBANKINMOSTCASES,ACREDITISNOTDIRECTLYADVISEDTOTHEBENEFICIARYBYTHEISSUINGBANK,BUTTHROUGHITSBENEFICIARYCOUNTRIESHOMEAGENTORTHEAREA,WHICHWERETRANSMITTEDBYTHEADVISINGBANKTHEADVISINGBANKTELLSTHEBENEFICIARYTHATTHEGREATESTADVANTAGEISSAFETYTHERESPONSIBILITYOFTHEADVISINGBANKISTOEXAMINETHECASECAREFULLYANDCAREFULLYNOTIFYTHEL/COFTHEAUTHENTICITYOFTHECASE2,THELETTEROFCREDITDELIVERYACREDITCANBETRANSFERREDBYAIRMAIL,TELEGRAMORTELEXTHESWIFTINBRUSSELSUSESRENTALSTHELINETRANSMITSINFORMATIONBETWEENBANKSINMANYCOUNTRIESMOSTBANKS,INCLUDINGCHINESEBANKS,JOINEDTHISORGANIZATION3INSTRUCTIONSTOTHEVALIDITYOFTHEL/CWHENTHEISSUINGBANKINSTRUCTSTHEADVISINGBANKBYANYEFFECTIVEMEANSOFTRANSMISSION,NOTIFYTHEAMENDMENTOFTHEL/CORTHEL/C,THETELETRANSMISSIONWILLBEDEEMEDTOBEAVALIDCREDITDOCUMENTORAVALIDAMENDMENT,ANDNOFURTHERCONFIRMATIONOFTHEMAILINGISREQUIREDTHEBENEFICIARYOFTHETRIALUPONRECEIPTOFTHEL/C,THEBENEFICIARYSHALLMAKETHEFOLLOWINGINSPECTIONASSOONASPOSSIBLE1THENAMEANDADDRESSOFTHEBUYERANDSELLER,ANDTHEWORDINGOFTHECOMPANYNAMEANDADDRESSPRINTEDONTHEINVOICEEXACTLYTHESAME2DOESTHEPAYMENTGUARANTEEREFERREDTOINTHELETTEROFCREDITMEETTHEBENEFICIARYSREQUIREMENTS3THEAMOUNTOFL/C,RIGHTTHETOTALAMOUNTOFTHEL/CSHALLBEINCONFORMITYWITHTHECONTRACT,INCLUDINGALLOFTHECONTRACTEXPENSESPAYABLE4DOTHETERMSOFPAYMENTMEETTHEREQUIREMENTSEXCEPTFORCERTAINCOUNTRIESORCERTAINIMPORTERSTHEDEALERUSUALLYREQUESTSPROMPTPAYMENTINTHECASEOFAUSANCEL/C,THETIMELIMITFORTHEDRAFTSHALLBEASSTIPULATEDINTHECONTRACTAGREEMENT。THEREISALETTEROFCREDITASKINGFORAUSANCEDRAFT,WHICHISPAYABLEATSIGHTTHISLETTEROFCREDITISCALLED“USANCEUSANCEL/C“ANDITSEFFECTONTHEBENEFICIARYISTHESAMEASTHEL/CATSIGHT5WHETHERTHETERMSOFTRADEMENTIONEDINTHEL/CAREINCONFORMITYWITHTHEORIGINALREQUIREMENTSOFTHEBENEFICIARY6WHETHERTHETIMELIMITINTHEVALIDITYANDSHIPPINGDOCUMENTSWITHINTHEDOCUMENTTOTHEBANK7CANYOUPROVIDETHENECESSARYSHIPPINGDOCUMENTS8ISTHEINSURANCEPOLICYINLINEWITHTHETERMSOFTHESALESCONTRACTTHERISKOFINSURANCETHEBENEFICIARYSHOULDCONTACTTHEPEOPLESINSURANCECOMPANYOFCHINAINORDERTODECIDEWHETHERTOACCEPTTHEAPPLICATIONHUMANREQUIREMENTSANYEXPENSESEXCEEDINGTHESCOPEOFINSURANCESTIPULATEDINTHESALESCONTRACTSHALLBEBORNEBYTHEAPPLICANTINSUREDAMOUNTMOSTLETTERSOFCREDITREQUIREINSURANCEAT110OFTHEINVOICEVALUEOFCIF9DESCRIPTIONOFTHEGOODSINCLUDINGITEMSINCLUDEDFREE,QUANTITYANDOTHERITEMS,AREYOURIGHTIFANYOMISSIONSORERRORSAREFOUNDINTHEEXAMINATIONOFTHEABOVEITEMS,THEFOLLOWINGPOINTSSHALLBEMADEIMMEDIATELYMAKEADECISIONANDTAKENECESSARYMEASURESCANYOUCHANGETHEPLANORTHECONTENTOFTHEDOCUMENTTOMATCHITSHOULDWEASKTHEBUYERTOAMENDTHEL/CANDWHICHSIDESHOULDWEPAYFORTHECHANGEIFYOUHAVEANYQUESTIONS,PLEASECONTACTTHEBANKORTHEADVISINGBANKOFTHEUNITBUTONETHINGTOREMEMBERONLYAPPLICANTSWITHTHEBENEFICIARYANDTHEBANKCONCERNED,ITISUPTOYOUTODECIDEONTHEAMENDMENTPERFORMANCEOFL/C1SUBMISSIONOFDOCUMENTSINDOCUMENTARYCREDITBUSINESS,THESUBMISSIONOFDOCUMENTSPLAYSAVERYIMPORTANTROLE,ASITISTHEFINALLETTEROFCREDITKEYTOSETTLEMENTWHENTHEBENEFICIARYSUBMITSTHEDOCUMENTTOTHEBANK,THEPAYMENTWILLBEMADETOALARGEEXTENTHAVELOPENEDTHEL/CANDTHEDOCUMENTSINFULL2TIMELIMITFORPRESENTATIONTHETIMELIMITFORSUBMISSIONOFDOCUMENTSISDETERMINEDBYTHEFOLLOWINGTHREEFACTORS1EXPIRYDATEOFTHEL/C2THEDATEOFPRESENTATIONOFTHEGOODSAFTERTHEDATEOFSHIPMENT3THEBANKDOESNOTACCEPTTHEOBLIGATIONTOSUBMITDOCUMENTSOUTSIDEITSBUSINESSHOURSANY“DATE“,“,“,“,“,“,“,“,“,“,“,“,“SIMILARWORDSCANBEUNDERSTOODTOINCLUDETHEDATETHETERM“HEREAFTER“ISUNDERSTOODTOINCLUDETHEDATENOTINCLUDED“FIRSTHALFMONTH“AND“SECONDHALFMONTH“AREINTERPRETEDASTHE1STTOTHEFIFTEENANDTHESIXTEENDAYOFTHEMONTHTOTHELASTDAYOFTHEMONTH,BOTHENDSAREINCLUDEDFORTWODAYS“ATTHEBEGINNINGOFTHEMONTH“,“MONTH“OR“ATTHEENDOFTHEMONTH“ASONETOTENDAYS,ELEVENDAYSTOTWENTYDAYS,TWENTYTWODAYSFROMTHE1STTOTHELASTDAYOFTHEMONTHAREINCLUDED3LIMITATIONOFDOCUMENTSALLL/CMUSTSTIPULATEAPLACEOFPRESENTATIONOFDOCUMENTSFORPAYMENT,ACCEPTANCE,ORINCASEOFNEGOTIATIONOFL/CAPLACEFORPRESENTATIONANDNEGOTIATION,EXCEPTFREENEGOTIATIONCREDITASWITHTHETIMELIMITFORPRESENTATIONOFDOCUMENTS,THEEXPIRYDATEOFTHECREDITWILLALSOAFFECTTHEBENEFICIARYSPOSITIONITHAPPENSSOMETIMESINTHISCASE,THEOPENINGOFTHEL/CISDUEATITSOWNCOUNTRYORATITSOWNCOUNTER,RATHERTHANTHISISTHEBENEFICIARYCOUNTRY,WHICHISVERYDISADVANTAGEOUSTOTHEBENEFICIARYBECAUSEHEMUSTGUARANTEETHEVALIDITYOFTHELETTEROFCREDITPRESENTATIONOFDOCUMENTSATTHECOUNTEROFTHEISSUINGBANKBANKAUDITDOCUMENTSAFTERTHEBENEFICIARYSUBMITSTHEDOCUMENTTOTHEBANK,THEBANKHASTHEOBLIGATIONTOEXAMINETHEDOCUMENTCAREFULLYTOENSURETHATTHEDOCUMENTISDISPLAYEDONTHESURFACECOMPLIANCEWITHTHEREQUIREMENTSOFTHECREDITANDTHECONSISTENCYOFTHEDOCUMENTS1EXAMINATIONSTANDARDSTHEBANKSHALLEXAMINEALLTHEDOCUMENTSOFTHECREDITCAREFULLYANDCAREFULLYTODETERMINEWHETHERITISINAPPARENTCONFORMITYWITHTHETERMSOFTHECREDITCONFORMINGDOCUMENTSINCONFORMITYWITHTHETERMSOFTHEL/CSHALLBESUBJECTTOINTERNATIONALSTANDARDSREFLECTEDINTHESEPROVISIONSQUASIBANKINGPRACTICESTODETERMINETHEDOCUMENTSDONOTCORRESPONDTOEACHOTHERONTHESURFACEANDSHALLBEDEEMEDTOBEINCONSISTENTWITHTHETERMSOFREFERENCETHEIMPLICATIONOFTHEWORD“SURFACE“ISTHATTHEBANKDOESNOTHAVETOASKINPERSONWHETHERTHEDOCUMENTSAREFALSEANDHAVEBEENSHIPPEDWHETHERTHEGOODSAREGENUINE,THESHIPPEDGOODSARESHIPPEDINREALTERMS,ANDWHETHERTHEDOCUMENTSAREISSUEDORNOTBECOMEINVALIDUNLESSSILVERYES,KNOWINGTHATWHATWASDONEISFRAUDULENT,OTHERWISE,THEACTUALSITUATIONHASNOTHINGTODOWITHTHEBANKTHUS,ASIFBYTHEBENEFICIALMANMAKESTHESURFACEANDTHECREDITTHECERTIFICATESTIPULATESTHEFALSEDOCUMENTTHATAGREES,ALSOCANGETTHEGOODSHOWEVER,IFTHEBENEFICIARYHASALREADYSHIPPEDTHEGOODSINTHEPROPERWAYTHEPROVISIONSOFTHEGOODS,INTHEPRODUCTIONOFDOCUMENTSTOONETOSOMEOFTHECONDITIONSSTIPULATEDINTHECREDIT,BANKSWILLREFUSETOACCEPTADOCUMENTMUSTNOTBEPAIDFORTHEBANKDOESNOTEXAMINETHEDOCUMENTSNOTSTIPULATEDINTHECREDITTOTHISCLASSOFDOCUMENTS,WILLRETURNTOTHEAUTHORORDELIVERITANDBEHELDRESPONSIBLEFORIT2DISCLAIMEROFVALIDITYOFDOCUMENTSTHEFORM,INTEGRITY,ACCURACY,AUTHENTICITY,ORLEGALEFFECTOFANYDOCUMENTINABANK,ORASSTATEDINTHEDOCUMENT,ADDITIONALGENERALAND/ORSPECIALCONDITIONSARENOTRESPONSIBLETHEDESCRIPTION,QUANTITYANDWEIGHTOFTHEGOODSREPRESENTEDBYTHEDOCUMENTSQUANTITY,QUALITY,CONDITION,PACKING,DELIVERY,AMOUNTOREXISTENCE,ANDTHESHIPPERANDCARRIEROFTHEGOODS,THEINTEGRITY,CONDUCTAND/ORNEGLIGENCEOFTHEFREIGHTAGENT,CONSIGNEE,ORCARGOINSURERANDANYOTHERPERSONNOTRESPONSIBLEFORSOLVENCY,CONDUCTORCREDITWORTHINESS3THETIMELIMITFORTHEEXAMINATIONOFTHEDOCUMENTSHOWLONGWILLITTAKEFORTHEBANKTOREVIEWTHEDOCUMENTSSUBMITTEDBYTHESELLERANDADVISETHESELLERWHETHERTHEDOCUMENTSARECOMPLETEUNIFORMCONVENTIONTHE13PARAGRAPHOFTHEBCLEARLYSTATESTHATTHEISSUINGBANK,THECONFIRMINGBANKIFCONFIRMED,ORTHEIRNOMINATEDBANKEACHSHOULDHAVEAREASONABLETIME,THATIS,NOTMORETHANSEVENBANKINGDAYSAFTERRECEIPTOFTHEDOCUMENTS,THEAUDITDOCUMENTS,APARTYWHODECIDESWHETHERTOACCEPTORREJECTASINGLEREFUSALANDNOTIFYTHERECIPIENTOFTHEDOCUMENTSRECEIVEDFROMIT4DISCREPANTDOCUMENTSANDNOTICESIFTHEISSU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