外贸函电与单证Chaper4-practice2Chapter5-practice1

ChapterFive:ExaminationandAmendmenttoL/C外贸函电与单证实训教程

PracticeOne

Objective

Requirements

Steps

Introduction

Practice

ObjectiveTheobjectiveistoenablestudentstogetfamiliarwiththekeypointsofexaminingL/C,andtomastertheskillstoexaminetheL/CaccordingtothegivencontractandUCP600,andtowritealetteraskingforamendmenttoL/C.

Requirements

1.ToknowwellaboutthetermsandconditionsofSWIFTL/C.2.ToknowwellaboutthekeypointsofexaminingL/C.3.TomastertheskillsofexaminationofL/C.4.TomasterthewritingofaskingforamendingL/C.Steps1.ToreviewthekeypointsofexaminingL/CwiththehelpofMindMap1.2.ToexaminetheL/CaccordingtothegivencontractandUCP600.3.Towritedownthepointsofdiscrepancyandamendmentrespectively.4.TowritealetteraskingforamendingtheL/C.5.Toanswerthequestions.6.ToevaluateyourselfIntroduction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

SWIFT(SocietyforWorldwideInternationalFinancialTelecommunications)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（1）SWIFT需要会员资格。我国的大多数专业银行都是其成员。（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。（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。（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.ReadS/CandL/C5.Questions4.AmendingL/CletterwritingPractice

1.Reviewthekeypoints6.Self-evaluation3.ExaminetheL/C1.ReviewthekeypointsofexaminationofL/CExaminetheL/C2.1ReadSalesContract2.2ReadLetterofcredit3.ExaminetheL/CL/C:Expiry31D:Date100619PlaceCHINAS/C:(9)TimeofShipment:…30daysafterreceiptofL/C(10)Termsofpayment:…reach…MAY15,2010..remainvalid…untilthe15thdaysafter…TimeofShipment.Discrepancy:Thedateofexpiryiswrong.No.1Amendment:Thedateofexpiryshouldbe“100630”.

L/C:Beneficiary*59:GUANGDONGHARDWAREMANUFACTUREDGOODSCO.S/C:Sellers:GUANGDONGHARDWARECO.Discrepancy:

Thenameofbeneficiary

iswrong.

No.2Amendment:Itshouldbe“GUANGDONGHARDWARECO”.L/C:Applicant*50:CANDDCANTWELLCCFITTINGS.MEADOWLANDSGRANTSTOWNCOWATERFORDS/C:Buyers:SHIELDFITTINGSCORP.Discrepancy:Thenameofapplicantiswrong.No.3Amendment:Itshouldbe“SHIELDFITTINGCORP.”.L/C:Amount*32B:CurrencyUSDAmount20,000.00S/C:TotalAmount:USD25000.00Discrepancy:Theamountisn’tenough.No.4Amendment:TheamountshouldbeincreasedtoUSD25000.00.L/C:

AdditionalCond.47A:+PLEASEFORWARDALLDOCUMENTSTOALLIEDIRISHBANKS…

S/C:(10)Termsofpayment:By100%IrrevocableLetterofCredit…andtoremainvalidfornegotiationinChina….

Discrepancy:Thenegotiatingbankiswrong.No.5Amendment:ThenegotiatingbankshouldbethebankinChina.L/C:

Availablewith/by*41A:AIBKIE2DXXX*AIBBANK*DUBLINBYACCEPTANCES/C:(10)Termsofpayment:By100%IrrevocableLetterofCredit…andtoremainvalidfornegotiationinChina….

Discrepancy:Thenegotiatingway“byacceptance”iswrong.No.6Amendment:Itshouldbe“bynegotiation”.L/C:Notmentioned.S/C:(1)NameofCommodityandSpecificationsDRAWERSLIDESANDHANDLES

5%moreorlessbothinamountandquantityallowedDiscrepancy:“5%moreorlessbothinamountandquantityallowed”isn’tmentionedontheL/C.No.7Amendment:Add“5%moreorlessbothinamountandquantityallowed.”ontheL/C.L/C:Draftsat:42C:30DAYSSIGHT

S/C:(10)Termsofpayment:By100%IrrevocableLetterofCredit…bysightdraft…

Discrepancy:Thetenorofdraft“30dayssight”iswrong.No.8Amendment:Thedraftisatsight.L/C:

+INSURANCEPOLICY/CERTIFICATEBLANKENDORSEDCOVERINGALLRISKSFOR10PERCENTABOVETHECIFVALUE.S/C:Insurance:TobeeffectedbySellersfor110%offullinvoicevaluecoveringW.A.uptoDUBLIN:Discrepancy:Theconditionofinsurance“ALLRISKS”iswrong.No.9Amendment:Theconditionofinsuranceis“W.A”.L/C:PartialShipments43P:PROHIBITEDS/C:(9)TimeofShipment:…allowingtransshipmentandpartialshipment.Discrepancy:“Thepartialshipmentisprohibited”isnotright.No.10Amendment:Thepartialshipmentispermitted.L/C:

PresentationPeriod48:DOCUMENTSTOBEPRESENTEDWITHIN21DAYSFROMSHIPMENTDATE

S/C:(10)Termsofpayment:By100%IrrevocableLetterofCredit…andtoremainvalidfornegotiationinChinauntilthe15thdaysaftertheforesaidTimeofShipment.Discrepancy:

Thepresentationperiodiswrong.No.11Amendment:Thepresentationperiodshouldbe15daysfromthedateofshipment.L/C:Notmentioned.

S/C:ContractNo.:1004468001Discrepancy:ThecontractNo.isn’tmentionedonL/C.No.12Amendment:ThecontractNo.shouldbeinsertedunderthedescriptionofgoods.L/C:

DetailsofCharges71B:BANKCHARGESEXCLUDINGISSUINGBANKSAREFORACCOUNTOFBENEFICIARY

S/C:ALLbankingChargesoutsideChina(themainlandofChina)areforaccountoftheDrawee.Discrepancy:Theclauseofdetailsofchargesisnotright.No.13

Amendment:Itshouldbe“ALLbankingChargesoutsideChina(themainlandofChina)areforaccountoftheDrawee”.

L/C:DescriptofGoods45A:…USD25.00PERPCCIFDUBLIN,IRELANDS/C:(3)UnitSETDiscrepancy:Theunitiswrong.No.14Amendment:Itshouldbe“set”.

L/C:

Notmentioned.S/C:(2)Quantity1000Discrepancy:

Thequantityisn’tmentioned.No.15Amendment:“1000”setsshouldbeinsertedbeforethenameofcommodity.

4.AmendingL/Cletterwriting

Writealetteraskingtheapplicanttoamendtheletterofcreditaccordingtotheabove.DearSirs,

Werefertothe1000setsDRAWERSLIDESANDHANDLESunderourS/CNo.1004468001andwishtopointoutthatthetimeofshipmentisapproaching,butwefoundsurprisinglythereareseveralpointsintheL/Cnotinconformitywithwhatstipulatedinthecontractasfollows:

(1)ThedateofexpiryshouldbeJune30,2010,notJune19,2010.(2)Thenameofbeneficiaryshouldbe“GUANGDONGHARDWARECO.”.(3)Thenameofapplicantshouldbe“SHIELDFITTINGCORP.”.(4)TheamountofyourL/Cisinsufficient.ThetotalamountisUSD$25000.00insteadofUSD$20000.00.(5)ThenegotiatingbankshouldbethebankinChina,andthenegotiatingwayshouldbe“bynegotiation”insteadof“byacceptance”.(6)Pleaseinsertthewording“5%moreorlessbothinamountandquantityallowed”.(7)TheL/Cshouldbeavailablebythebeneficiary’sdraftatsightnotat30dayssight.(8)Ascontracted,theconditionsofinsuranceis“W.A”,whereasyouL/Crequires“ALLRISKS”.(9)Thewords“Partialshipmentprohibited”aretobeamendedto“partialshipmentallowed”.(10)Documentsmustbepresentedwithin15days.(11)ThecontractNo.shouldbeinsertedunderdescriptionofgoods.(12)Thedetailsofchargesshouldbe“ALLbankingChargesoutsideChina(themainlandofChina)areforaccountoftheDrawee”.(13)TheunitofD