Case analysis of international settlement: a domestic food import and export company exports a batch of fresh products to an Australian country, and both parties agree that the payment method is sight letter of credit. The bank's approach is reasonable. The L/C clause in this L/C has changed the nature of the issuing bank's main payment responsibility under the L/C payment method, so that the prerequisite for the issuing bank's payment under this L/C is not "uniform and single documents", but that after the applicant receives and accepts the documents consistent with the documents, the issuing bank will refuse to pay as long as the applicant does not accept them. So it makes sense for the bank to refuse to pay. Our mistake is that after receiving the letter of credit, we did not pay attention to the questions raised by the bank and trusted the credit of our old customers too much, which led to the problems.

1. It is unreasonable for the bank to refuse to pay-because the letter of credit is a separate document sale between the issuing bank and the beneficiary, and the issuing bank is the person responsible for the payment of the letter of credit. As long as the beneficiary submits the documents that meet the requirements of the letter of credit, the issuing bank must pay, regardless of whether the applicant accepts it or not.

2. There is nothing wrong with us. If you must say yes, then you should reject the clause in the letter of credit that "we will pay immediately once the issuer receives the documents that match the documents and accepts them". However, the issuing bank cannot use this clause to shirk its responsibility as the payer of the letter of credit-the letter of credit is a conditional payment promise of the issuing bank to the beneficiary, and this condition is that the beneficiary submits documents that meet the requirements of the letter of credit, and the documents have nothing to do with the applicant.

1. Students majoring in international economics and trade should systematically master the principles of economics and international economic and trade theories, master the knowledge and skills of international trade, understand the current situation of international economic and trade development, be familiar with the prevailing international trade rules and practices, as well as China's foreign trade policies and regulations, and understand the social and economic situation of major countries and regions. Should be a senior professional who can engage in practical business, management, research, publicity and planning in foreign-related economic and trade departments, foreign-funded enterprises and government agencies.

Two. Overview of international settlement

1. Definition of international settlement: the act of paying off international creditor's rights and debts in currency. The main causes of international creditor's rights and debts are visible trade and invisible trade. The international settlement caused by tangible trade is international trade settlement. International settlement caused by intangible trade is international non-trade settlement.

2, the difference between international settlement and domestic settlement:

(1) Currency has the same scope of activities, domestic settlement is within a country, and international settlement is transnational.

(2) Use different currencies. Domestic settlement uses the same currency, and international settlement uses different currencies.

(3) Follow different laws. The former follows the same law, while the latter follows the international practice or the arbitration law agreed by both parties in advance.