纺织服装英语函电Module 9

LOGOModule9LetterofCreditTextileGarmentEnglishCorrespondence纺织服装英语函电化学工业出版社ContentsIntroduction1WritingSkills2SpecimenLetters3UsefulExpressions4SimulationPractice5LearningObjectives学习目标TolearnthedefinitionandclassificationoftheL/C;TolearnaboutthepartiesconcernedinanL/C;ToknowthewordsandexpressionsusuallyusedintheL/C;TobefamiliarwiththeflowchartoftheL/C;TopracticewritinglettersaskingforestablishmentoforamendmenttoanL/C.IntroductionAfterthesigningofaSalesContract(orSalesConfirmation)whichstipulatesthatpaymentistobemadebyL/C,theimportershouldtimelyestablishtheL/Caccordingtothecontract.Theletterofcredit,abbreviatedastheL/C,standsatthecenterofinternationalcommercialtransactions.Issuedbyabankerauthorizingapersonnamed,theexporter,attherequestofanimporter,theletterofcreditstatesthatthebankwillpayaspecifiedsumofmoneytoabeneficiary,normallytheexporterinstrictaccordancewiththetermsdesignatedthereinonpresentationofparticular,specifieddocuments.Thisfunctionisusuallyentrustedtobanksbytheseller(exporter)inwhichthebanktellsthesellerthatthebuyer(importer)promisetopaytheseller(exporter)acertainsumofmoneyonconditionthathehasfulfilledallthetermsandconditionsinthetransactionandatthesametime,whentheproceedsarepaid,thebuyerisensuredtogethisorderedgoods.Actually,anL/Cisaguaranteebyabankinwrittenformtostrengthentheconfidenceofboththebuyerandthesellerineachotherindoingbusiness.Generallyspeaking,theL/Ccanfallintodifferenttypesaccordingtotheirdifferentusagesandothercharacteristics:revocableL/C/irrevocableL/C可撤销信用证/不可撤销信用证confirmedL/C/unconfirmedL/C保兑信用证/不保兑信用证sightL/C即期信用证usanceL/C/termcredit/timecredit远期信用证/定期信用证transferableL/C/assignableL/C(or)transmissibleL/C/un-transferableL/C可转让信用证/不可转让信用证divisibleL/C/un-divisibleL/C可分割信用证/不可分割信用证revolvingL/C循环信用证L/CwithT/Treimbursementclause带电汇条款信用证withoutrecourseL/C/withrecourseL/C无追索权信用证/有追索权信用证documentaryL/C跟单信用证cleanL/C光票信用证deferredpaymentL/C延期付款信用证anticipatoryL/C预支信用证backtobackL对背信用证/reciprocalL/C对开信用证traveller'sL/C(or:circularL/C)旅行信用证standbyL/C备用信用证Thepartiesinconnectionwithaletterofcreditareasfollows:Theapplicant:申请人ItisgenerallythebuyerorimporterwhoappliestothebankforissuanceofL/C.2)Thebeneficiary:受益人ThebeneficiaryunderL/Cisusuallythesellerortheexporter,whoisempoweredtousetheletterofcreditandisentitledtopaymentaslongashecanprovidethedocumentaryevidencerequiredbytheletterofcredit.Theopeningbankorissuingbank:开证行或出证行ItisthebankthatissuestheL/Conbehalfoftheapplicant,andwillberesponsibleforpaymentcommonly.Afirstclassbankisalwaysberequiredasanopeningbankbytheseller.Theadvisingbank:通知行Itisusuallytheexporter’slocalbank.TheadvisingbankpassestheL/Contothebeneficiaryundertheinstructionfromissuingbankandisnotresponsibleforpayment.Itmaybeabranchofissuingbankoritscorrespondent.Thenegotiatingbank:议付行Thenegotiatingbankisreadytopayforthedraftsanddocumentswithoutresponsibilityofpayment,thenmailthemtotheissuingbankforreimbursement.Thenegotiatingbankmaybetheadvisingbank.Thepayingbank:付款行ThepayingbankisresponsibleforthepaymentspecifiedbytheL/C.UsuallyitistheissuingbankorappointedbytheissuingbankInusingL/C,exportershouldpayattentiontothefollowingquestions:WhentheL/Chasarrived,theclerkshouldmakeapointofcheckingtheL/Ctermswiththecontractstipulationstotheletter,andshouldnotletevenaminutepointescapehisattention.Thereareseveralreasonswhyitisabsolutelynecessary:DueTooversightonthepartoftheopener,theincomingL/Cmaycontainsomephrasesorwordsdifferentfromthecontractprovisions.BecauseofdifferentbankingpracticeandgovernmentregulationsregardingL/Carrangement,someoftheL/Ctermsareunacceptabletous.MaybesomecustomersaredishonestandtrytodeceiveusbyinsertingoneortwoirrationaltermsintotheL/C.Therearemaybecircumstanceswherethebuyerfailstoestablishtheletterofcredit,ortheletterofcreditdoesnotreachthesellerintime;thenaletter,usuallyafaxorane-mailhastobesenttothebuyertourgehimtoexpeditetheL/Cortoascertainitswhereabouts.Onthebasisofquestionone,iftheclerkfinddifferences(evenifoneorminorpoint)betweentheL/Candthecontract,orsomeunforeseenspecialclausestowhichthesellerdoesnotagree,thesellershouldsendanadvicetothebuyer,askinghimtomakeamendment.ThebuyercanlikewiseaskforamendmentifhefindssomethingintheL/Cneedstobealtered.Sometimesthesellermayfailtogetthegoodsreadyforshipmentintimeorthebuyermayrequestthattheshipmentbepostponedforonereasonoranother;thenthesellerwillhavetoaskforextensionoftheexpirydateaswellasthedateofshipmentoftheL/C.Inaddition,inordertoleavesufficienttimetothesellertomakeouttheshippingdocumentsandthebanktomaketheirnegotiation,thedateofshipmentandtheexpirydateoftheL/Cshouldbemadeatleasttwoweeksapart.WritingSkillsHowtowritethelettertourgetheestablishmentofanL/C如何撰写督促开立信用证信函referringtothegoods,relativeorderorcontract;complainingaboutnon-receiptofL/C;askingforopeningtheL/Candrelatedmatters;expressingtheexpectation.HowtowritetheletteraskingforL/Cextension如何撰写延展信用证信函confirmingreceivingtherelevantL/C;outlinethereasonsforextendingtheL/Cwithregret;askingforL/Cextension;timeofextension;hopingfo