2012-2-10 10:55:54 版主
[01:17.06](1)A contract is made between the exporter and the overseas buyer stipulating payment by the letter or credit.
[01:27.20](2)The overseas buyer instructs the bank at the residence of the buyer (also called the originating bank).
[01:36.00]to open L/C in favor of the exporter on the terms agreed upon in the contract of sale.
[01:45.53](3)An L/C is opened and forwarded to the bank at the residence of the exporter (also called the advising bank )by the originating bank.
[01:56.58](4)The advising bank delivers the L/C to the exporter and advises the exporter to arrange for the delivery of the goods,according to the terms of delivery stipulated in the contrast,
[02:10.80]prepare the necessary documents and make the draft.
[02:15.05](5)On shipment ,the exporter presents the shipping documents to his advising bank(or the negotiating bank)with the request for payment in accordance with the payment terms.
[02:29.32](6)The advising bank(or the negotiating bank )checks the documents and then forward the documents to the issuing bank for reimbursement.
[02:39.95]The exporter must take care in scrutinizing the documentary letter of credit to make sure whether all the terms and condition in the credit can be complied with.
[02:50.55]If not,the L/C should be rejected immediately and require amendments,which must be made in advance of shipment of the goods,
[02:59.77]otherwise the exporter may be faced with the risk of his draft being dishonored by the bank.
[03:05.65](7)The issuing bank further checks the documents against the terms of credit and relays them to the buyer to enable him to take delivery of the goods,and,at the same time pays the exporter for the shipment or remberses the negotiating bank for the advance.
[03:23.52]We thank you for your check for $450.But your total amount due is found to come to $475 after our thorough check.
[03:34.67]Thank you for your kind information that we have undercharged you for shopping freight on our recent dispatch of the goods under S/C No 908 against your L/C No 43.
[03:48.73]Thank you for your letter of 3 June and enclose a statement of your account as requested .We hope you find it correct.
[03:59.93]As we have not received any replay to our letter dated 6 December of requesting settlement of the account,we are now writing again for that.
[04:09.81]We are pleased enclose the formal receipt and hope you find it correct.