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L/C Risk

2010/11/3 16:13:00 142

The other party is out of stock, and there is no bill of lading.

Bill of L

The bank will not negotiate, and the bill of lading is the certificate of cargo.

Letter of credit

There are many knowledge, and it is not clear in a few words. The letter of credit is made by bank credit, and it is very practical for mutual distrust between buyers and sellers. As long as you examine the evidence clearly, you can understand all the clauses clearly, and make some changes to the soft clauses and unreasonable clauses.

If you want to really understand him, you should find more information.

"Letter of credit" is a bank (levy a bank) in accordance with the requirements of the applicant (customer) and instructions, or in its own name, in accordance with the requirements.

L/C

A written order for payment to the beneficiary on the condition of a specified document.

Characteristics:

The 1. is a kind of bank credit. The first payer is the bank.

The 2. is a self supporting document.

3. it is independent of the sales contract and other documents that can be established. The other banks that enter into the bank and participate in credit only act according to the stipulations of the letter of credit.

The 4. is a documentary paction. The bank only pays according to the accurate shipping documents, which is based on the principle of "voucher payment".

The parties to L/C and their rights and responsibilities

1. applicant (APPLICANT):

(1) assume responsibility under the contract of sale and purchase

(2) a business agency contract signed with the issuing bank.

2. the levy Bank (ISSUING BANK):

(1) levy according to the instructions of the applicant.

(2) first payment responsibility

(3) final payment

(4) obtaining the pledge responsibility.

1. your customers don't want goods, which means your customers can't trust them. The most important thing to do is to choose reliable customers.

2., it is necessary to receive the customer's L/C before carrying out the related shipments, such as shipping declaration, etc., first, the LC is the key.

3. in foreign trade, a document issued by the pport department to the consignor when carrying the goods.

The consignee can pick up the goods on the basis of the Transport Department of the one-way freight destination, and the bill of lading must be signed by the carrier or the ship before it can take effect.

It is one of the effective documents for shipping goods to customs.

The main relationship between the bill of lading is the two parties who sign the contract of carriage: the shipper and the carrier.

The shipper is the cargo and the carrier is the ship.

The ship received the goods and loaded the ship. It means that he has already received your goods and will not give you the bill of lading.