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Letter Of Credit Settlement In Foreign Trade

2010/11/4 10:04:00 33

Foreign Trade Letter Of Credit Settlement

with

Letter of credit

Settlement,
单据的确认首先是议付行和开证行的确认为准，而不是以客户(进口商)确认。议付行和开证行在接到受益人(出口商)提交的单据之后，确认所交来的单据与信用证规定的要求相符，则接受单据并承担付款的义务。如果有不符点，则议付行或开证行就可以拒绝付款。因为信用证的第一付款人是开证行或其指定的付款行，而信用证的开证申请人(进口商)是第二付款责任人。即只要单证相符，开证行或其指定的付款行要先行支付货款，买下全套单据，再向开证申请人提示，要求开证申请人付款或承兑赎单。

As for the discrepancy of documents, there are two ways to deal with them: 1) when there are discrepancies in the negotiating bank's presentation, any discrepancies will be available and can be modified directly, so that the discrepancies will be directly corrected so as to ensure that they are in line with the letter of credit so as to ensure normal negotiation of payment.

2) there was discrepancies in the negotiating bank's presentation, but it was time to change, or

Bill

When the issuing bank finds that there is discrepancy, and is unable to amend it, it can notify the applicant (importer) to explain the discrepancies of the documents, ask him to confirm the acceptance of the discrepancy, and find the issuing bank to accept the discrepancy of the documents, so that he can still recover the payment.

But there is a premise that only the documents do not conform to the stipulate of the letter of credit, and the quality of the goods is not in conformity with the problem. Otherwise, the importer may not accept the quality of the goods.

The above (2) receipt of foreign exchange in fact has already become the nature of collection by the nature of the letter of credit, that is, the status of the first payment obligation of the original letter of credit, which has been refunded as the position of the collecting bank.

This change is caused by discrepancies of documents.

So the risk has increased.

3) therefore, the most important problem in the settlement of letter of credit is to ensure that the documents tally with each other and only meet the requirements. Only in this way can we ensure the safe collection of foreign exchange. This is the primary problem that must be paid attention to by the letter of credit clearing house.