Clause number clause attribute
20 documentary letter of credit Humber (letter of credit number)
23 Reference to advance notice (advance notice number)
27 Series Total (Message Page Number)
3 1C Date of Issue (Date of Issue) If this item is not filled in, the date of issue is the date of sending the message.
3 1D expiry date and place (expiry date and effective place of the letter of credit) This date is the date of final submission of documents.
32B Currency code and amount (currency and amount settled by letter of credit)
The expression of 39a percentage letter of credit amount tolerance is very special. The numerical value indicates the numerical value of percentage, such as 5/5, indicating the maximum fluctuation of 5%.
39B Maximum credit line (maximum credit line of letter of credit)
39C The additional risk amount indicates the amount of insurance premium, interest and freight involved in the letter of credit.
There are six forms of documentary credit.
(1) irrevocable (irrevocable documentary credit)
(2) Revocable (Revocable Letter of Credit)
(3) Irrevocable transferable (Irrevocable transferable documentary credit)
(4) Revocable and transferable (revocable and transferable documentary credit)
(5) Revocable standby letter of credit (revocable standby letter of credit)
(6) Revocable standby letter of credit (revocable standby letter of credit)
4 1A is applicable to ... after ... (designated method of lump-sum payment by banks and letters of credit)
(1) Designated bank for payment, acceptance and negotiation.
(2) There are five payment methods: payment by demand (immediate payment); Acceptable (long-term acceptance); Through consultation; Deferred payment; Through MIXED PAYMENT
(3) If it is a freely negotiable letter of credit, there is no restriction on the negotiation place of the letter of credit. The project code is: 4 1D, and the content is: any bank in …
42A drawee must appear at the same time as 42C.
42 money orders. . (Bill Payment Date) must appear at the same time as 42A.
42m Mixed Payment Details (Mixed Payment Terms)
42P Deferred Payment Details (Deferred Payment Terms)
43P partial shipment indicates whether the goods in this letter of credit can be shipped in partial shipments.
The transshipment clause indicates whether the letter of credit arrives directly or through transshipment.
44a Shipment/delivery/takeover at /form (place of loading, shipment and supervision).
44B is used for transportation to. . (Final destination of goods shipment)
Latest date of shipment latest date of shipment.
44C and 44D cannot appear at the same time.
44D shipment date (sailing date)
45a Description of goods and/or services (description of goods) Information and price terms of goods.
46A Required documents (document requirements) Requirements for various documents.
47A Additional Conditions (Special Terms)
48 Prompt period means the number of days after the transport document is issued.
Letter of credit strategy
49 confirmation instruction (confirmation instruction), in which
Confirmation: Require the confirming bank to confirm the letter of credit.
It can be added that the receiving bank can confirm the letter of credit.
The receiving bank is not required to confirm the letter of credit.
Applicants (applicants who open letters of credit) are generally importers.
5 1A applicant bank (the bank that opened the letter of credit)
53A Reimbursement Bank (Reimbursement Bank)
57A Notify by bank (advising bank)
The beneficiary (beneficiary of the letter of credit) is generally the exporter.
7 1B The fee indicates whether the fee is paid by the beneficiary (exporter). If there is no such item, it means that all other expenses will be paid by the applicant (importer and exporter) except the negotiation fee and transfer fee.
72 information from sender to receiver (postscript)
78 Instructions to Payment/Acceptance/Negotiating Bank
(Notes to Paying Bank, Accepting Bank and Negotiating Bank)
Attention should be paid to other soft terms of the letter of credit, mainly including:
The applicant (buyer) shall notify the shipping company, name of the ship, date of shipment, port of destination, surveyor, etc. Before the beneficiary ships the goods. This clause makes the seller's shipment completely controlled by the buyer.
B the letter of credit will not take effect temporarily after it is issued, and the notice will take effect after the import license is issued or the applicant confirms the sample. Such terms make it entirely up to the importer whether the export goods can be shipped, while the exporter is in a passive position. Exporters can't put into production until they see the letter of credit, so it is difficult to arrange production, and the delivery date is tight, so it is difficult to ship.
C. 1/3 the original bill of lading is sent directly to the applicant. The buyer can take the goods first with this bill.
D registered bill of lading, the carrier can deliver the goods as the legal consignee without submitting this bill of lading.
E the expiry place of the letter of credit is in the country where the issuing bank is located, and the validity period is in the country where the issuing bank is located, which causes the seller to delay sending the documents, and the validity period of negotiation has passed when the documents are sent to the issuing bank.
F. clauses in the letter of credit that restrict the transport vessel, age or route.
G. With the provision of air waybill, the consignee can pick up the goods with his signature, without showing documents, and the ownership of the goods is difficult to control. Some letters of credit stipulate that the shipper of the bill of lading is the applicant or customer of the letter of credit, which may be used by unscrupulous businessmen to pick up the goods without the bill of lading.
H the quality inspection certificate shall be issued by the applicant or its authorized person, verified by the issuing bank and consistent with the seal of the issuing bank. Adopting the commodity inspection standards of the buyer's country, this clause makes the seller unable to meet the standards of the buyer's country because of adopting domestic standards, which makes the letter of credit invalid.
First, the receipt should be issued or verified by the applicant. This clause delayed the buyer's inspection and invalidated the letter of credit.
J. contradiction is that it is stipulated that through bill of lading is allowed and transshipment is prohibited.
K specifies documents that are difficult for the beneficiary to submit, such as CMR transport documents (China is not a party to the Convention on Contracts for the International Carriage of Goods by Road, so China carriers cannot issue "CMR" transport documents.
Length For one ticket of goods, the letter of credit requires that a separate bill of lading be prepared for each packaging unit.
Meter (abbreviation of meter) sets obstacles to the quality inspection certificate and forges the quality inspection certificate.
Noun (abbreviation for noun) This letter of credit shall come into effect after being examined and approved by the authorities (authorities of the importing country), and shipment shall not be allowed before it comes into effect.
O perishable goods require the beneficiary to issue the bill of lading first, and the goods can be picked up first with the bill of lading.
Payment must be made after the goods arrive at the destination and are approved by the State Administration of Foreign Exchange.
When negotiating, the seller shall submit the buyer's receipt certificate at the port of destination.
R The certificate of origin was issued after the date of the bill of lading, and there is a suspicion that it has not been inspected. Shipment first, inspection after shipment.
Under the South deferred payment letter of credit, the beneficiary's documents are presented first, and after the bank pays, the risk is greater and should be confirmed.
T. Joint invoices are not accepted, and the importing country refuses to accept joint documents.
The unit letter of credit stipulates that the through bill of lading shall be issued by the designated freight forwarder. When the first journey is by sea, the second journey is by air, which makes it easy for the consignee to pick up the goods without the original combined bill of lading.
V the letter of credit stipulates that if the beneficiary fails to send the 1/3 bill of lading in time after the goods are loaded, the applicant will not send the passenger inspection certificate, which makes it difficult for the beneficiary to negotiate the documents.