商务英语函电chapter nine.ppt

Business English Correspondence 授课老师：张瑞娟 zhangruijuan0620@ Q1: How many parties may be involved during the usage of L/C? 1. Applicant 2. Issuing bank / opening bank 3. Advising bank / notifying bank 4. Beneficiary 5. Negotiating bank 6. Confirming bank 7. Reimbursing bank 8. Paying bank 9. Accepting bank Chapter Nine Letter of Credit Q2: Can you explain the specific procedure of payment by sight L/C? 1. The buyer (applicant) applies for opening an L/C 2. The opening bank issues the relative L/C as requested and sends it to the notifying bank. 3. The advising bank advises the seller (beneficiary) to examine and verify the relative L/C 4. Notify the buyer to amend the L/C , if there are any discrepancies between the L/C and the stipulations in the contract . 5. Amend the L/C as requested. 6. After deliver the goods, the seller prepares all the documents required to get the proceeds. 7. The negotiating bank pays the draft on presentation of the documents, which will be in agreement with the terms of the L/C. 8. The negotiating bank forwards the documents to the opening bank and asks for reimbursement. 9. The issuing bank pays or reimburses the negotiating bank after checking the documents. 10.The opening bank notifies the buyer to check the relative documents and pay the issuing bank as agreed upon. 11.The opening bank releases the documents to the buyer. Contents of a Letter of Credit 1. All the important terms and conditions of the sales contract signed by two parties. 2. Documents required if they are not included or stipulated in the contract 3.banker’s undertaking clauses P110 Specimens of L/C P122-124 Invoice(发票, 开发票) Please send us two additional copies of invoice. You can invoice the goods at contract price less commission. commercial / customs / provisional / consular / official / Proforma (Performa) invoice 商业/ 海关/ 临时/ 领事/ 正式/ 形式(预开)发票 Specimen Letters Concerning L/C Seller’s urging establishment of L/C and buyer’s reply Sell