外贸函电与单证Chaper4-practice2Chapter5-practice1

1、LOGOChapter Five: Examination and Amendment to L/C外贸函电与单证实训教程外贸函电与单证实训教程 Practice One Objective Requirements Steps Introduction Practice ObjectivevThe objective is to enable students to get familiar with the key points of examining L/C, and to master the skills to examine the L/C according to the gi

2、ven contract and UCP 600, and to write a letter asking for amendment to L/C.Requirements v1. To know well about the terms and conditions of SWIFT L/C.v2. To know well about the key points of examining L/C.v3. To master the skills of examination of L/C.v4. To master the writing of asking for amending

3、 L/C. Steps v1. To review the key points of examining L/C with the help of Mind Map1.v2. To examine the L/C according to the given contract and UCP 600.v3. To write down the points of discrepancy and amendment respectively.v4. To write a letter asking for amending the L/C.v5. To answer the questions

4、.v6. To evaluate yourselfIntroduction v 本节实训是综合审核SWIFT格式下的信用证。通过改证实训，从而复习和巩固SWIFT信用证的每个要点。1.SWIFT介绍介绍v SWIFT (Society for Worldwide International Financial Telecommunications) v SWIFT又称：“环球同业银行金融电讯协会”，是国际银行同业间的国际合作组织，成立于一九七三年，目前全球大多数国家大多数银行已使用SWIFT系统。SWIFT的使用，使银行的结算提供了安全、可靠、快捷、标准化、自动化的通讯业务，从而大大提高了银行

5、的结算速度。由于SWIFT的格式具有标准化，目前信用证的格式主要都是用SWIFT电文，因此有必要对SWIFT进行了解。2.SWIFT特点特点v （1）SWIFT需要会员资格。我国的大多数专业银行都是其成员。v （2）SWIFT的费用较低。同样多的内容，SWIFT的费用只有TELEX（电传）的18%左右，只有CABLE（电报）的2.5%左右。v （3）SWIFT的安全性较高。SWIFT的密押比电传的密押可靠性强、保密性高，且具有较高的自动化。v （4）SWIFT的格式具有标准化。对于SWIFT电文，SWIFT组织有着统一的要求和格式。Practice2.Read S/Cand L/C5.Ques

6、tions4.Amending L/C letter writingPractice 1. Review the key points6.Self-evaluation3.Examine the L/C1. Review the key points of examination of L/CExamine the L/C 2.1 Read Sales Contract 2.2 Read Letter of credit 3.Examine the L/C L/C: Expiry 31 D: Date 100619 Place CHINA S/C:(9) Time of Shipment: 3

7、0 days after receipt of L/C (10) Terms of payment: reach MAY 15,2010 . remain valid until the 15th days after Time of Shipment. Discrepancy: The date of expiry is wrong.No.1No.1 Amendment: The date of expiry should be “100630”. L/C: Beneficiary *59: GUANGDONG HARDWARE MANUFACTURED GOODS CO.S/C: Sell

8、ers: GUANGDONG HARDWARE CO.Discrepancy: The name of beneficiary is wrong. No.2No.2 Amendment: It should be “GUANGDONG HARDWARE CO”. L/C: Applicant *50: C AND D CANTWELL CC FITTINGS. MEADOWLANDS GRANTSTOWN CO WATERFORDS/C: Buyers: SHIELD FITTINGS CORP.Discrepancy: The name of applicant is wrong.No.3N

9、o.3 Amendment: It should be “SHIELD FITTING CORP.”. L/C: Amount *32 B: Currency USD Amount 20,000.00 S/C: Total Amount: USD25 000.00Discrepancy: The amount isnt enough.No.4No.4 Amendment: The amount should be increased to USD 25 000.00. L/C: Additional Cond. 47 A: +PLEASE FORWARD ALL DOCUMENTS TO AL

10、LIED IRISH BANKS S/C:(10) Terms of payment: By 100% Irrevocable Letter of Credit and to remain valid for negotiation in China . Discrepancy: The negotiating bank is wrong. No.5No.5 Amendment: The negotiating bank should be the bank in China. L/C: Available with/by *41 A: AIBKIE2DXXX *AIB BANK *DUBLI

11、NBY ACCEPTANCE S/C: (10) Terms of payment: By 100% Irrevocable Letter of Credit and to remain valid for negotiation in China . Discrepancy: The negotiating way “by acceptance” is wrong.No.6No.6 Amendment: It should be “by negotiation”. L/C: Not mentioned. S/C: (1)Name of Commodity and Specifications

12、DRAWER SLIDES AND HANDLES 5% more or less both in amount and quantity allowedDiscrepancy: “5% more or less both in amount and quantity allowed” isnt mentioned on the L/C.No.7No.7 Amendment: Add “5% more or less both in amount and quantity allowed.” on the L/C. L/C: Drafts at: 42 C: 30 DAYS SIGHT S/C

13、: (10) Terms of payment: By 100% Irrevocable Letter of Credit by sight draft Discrepancy: The tenor of draft “30 days sight” is wrong.No.8No.8 Amendment: The draft is at sight. L/C: +INSURANCE POLICY/ CERTIFICATE BLANK ENDORSED COVERING ALL RISKS FOR 10 PER CENT ABOVE THE CIF VALUE. S/C: Insurance:

14、To be effected by Sellers for 110% of full invoice value covering W.A. up to DUBLIN:Discrepancy: The condition of insurance “ALL RISKS” is wrong.No.9No.9 Amendment: The condition of insurance is “W.A”. L/C: Partial Shipments 43 P: PROHIBITED S/C:(9)Time of Shipment: allowing transshipment and partia

15、l shipment.Discrepancy: “The partial shipment is prohibited” is not right.No.10No.10 Amendment: The partial shipment is permitted. L/C: Presentation Period 48: DOCUMENTS TO BE PRESENTED WITHIN 21 DAYS FROM SHIPMENT DATE S/C: (10) Terms of payment: By 100% Irrevocable Letter of Credit and to remain v

16、alid for negotiation in China until the 15th days after the foresaid Time of Shipment.Discrepancy: The presentation period is wrong.No.11No.11 Amendment: The presentation period should be 15 days from the date of shipment. L/C: Not mentioned. S/C: Contract No.: 1004468001Discrepancy: The contract No

17、. isnt mentioned on L/C.No.12No.12 Amendment: The contract No. should be inserted under the description of goods. L/C: Details of Charges 71 B: BANK CHARGES EXCLUDING ISSUING BANKS ARE FOR ACCOUNT OF BENEFICIARY S/C: ALL banking Charges outside China (the mainland of China) are for account of the Dr

18、awee.Discrepancy: The clause of details of charges is not right.No.13No.13 Amendment: It should be “ALL banking Charges outside China (the mainland of China) are for account of the Drawee”. L/C: Descript of Goods 45 A: USD 25.00 PER PC CIF DUBLIN, IRELANDS/C: (3)UnitSETDiscrepancy: The unit is wrong

19、.No.14No.14 Amendment: It should be “set”. L/C: Not mentioned.S/C:(2)Quantity1 000Discrepancy: The quantity isnt mentioned.No.15No.15 Amendment: “1000” sets should be inserted before the name of commodity. 4.Amending L/C letter writingv Write a letter asking the applicant to amend the letter of cred

20、it according to the above.Dear Sirs, We refer to the 1000 sets DRAWER SLIDES AND HANDLES underour S/C No. 1004468001 and wish to point out that the time of shipment is approaching, but we found surprisingly there are several points in the L/C not in conformity with what stipulated in the contract as

21、 follows: (1)The date of expiry should be June 30,2010,not June 19, 2010 .(2)The name of beneficiary should be “GUANGDONG HARDWARE CO.”.(3)The name of applicant should be “SHIELD FITTING CORP.”.(4)The amount of your L/C is insufficient. The total amount is USD$25 000.00 instead of USD$20 000.00.(5)T

22、he negotiating bank should be the bank in China, and the negotiating way should be “by negotiation” instead of “by acceptance”.(6)Please insert the wording “5% more or less both in amount and quantity allowed”.(7)The L/C should be available by the beneficiarys draft at sight not at 30 days sight.(8)

23、As contracted, the conditions of insurance is “W.A”, whereas you L/C requires “ALL RISKS”.(9)The words “Partial shipment prohibited” are to be amended to “partial shipment allowed”.(10)Documents must be presented within 15 days.(11)The contract No. should be inserted under description of goods.(12) The details of charges should be “ALL banking Charges outside China (the mainland of China ) are for account of the Drawee”.(13) The unit of DRAWER SLIDES AND HANDLES should be “SET” not “PC”. (14) “1000” sets should be inserted before