IRREVOCABLE DOCUMENTARY CREDIT APPLICATION Bu可撤銷信用證開證申請書 This L/C is subject to the Uniform Customs and Practice for Documentary Credit (1993 Revision ) ICC Publication No. 500. ATTACHMENT NAME OF COMMODITY QUANTITY UNIT PRICE TOTAL AMOUNT HDPE GRADE NO.9004 204MT USD937.00/MT CNF SHANGHAI USD191148.00 HDPE GRADE NO.3234 198MT USD927.00/MT CNF SHANGHAI USD183546.00 ---------------------------------------------------------------------------------------------------------------------------------------------------------------- TOTAL: 402MT USD374694.00
不可撤銷跟單信用證申請書 ——Zhong英文對照及注釋版 APPLICATION FOR IRREVOCABLE DOCUMENTARY CREDIT TO: INDUSTRIAL AND COMMERCIAL BANK OF CHINA BEIJING BRANCH Date ?。?span t='致'>Zhi：中國工商銀行北京分行） （注釋：He同是填寫該申請書的主要依據） Please establish by □ SWIFT □ brief cable □ airmail an Irrevocable Credit as follows： ?。?007Nian修訂版）第600號出版物 依照國Ji商會《跟單信用證統一慣例》 以上位置Ru果不夠用請用附頁說明并加蓋騎縫章 開Zheng申請人(公章或授權印鑒) ： Fa定代表人或被授權人： 聯系人： Dian話：
循環信用證與非循環信用證 (Yi)循環信用證 循環信用證(Revolving Letter of Credit)De功能適用的貿易方式是在交易條款中明確定時、Ding量、定品種的契約貨物,而且只限向同一個貿易伙Ban提供同一貨物;這樣的貿易方式可采用循環Xin用證。在實務中,如出口商向進口商較長時間分Pi、定量、定時提供大型設備的零配件、易損件等Ye務,可以采用循環信用證。 采用Xun環信用證的優點是,無須分批逐個由不同的銀行Kai證和議付,對買賣雙方可節約銀行費用,Ke作到簡便易行,故買賣雙方都愿意接受循環信用Zheng。 循環信用證是指受益人在一定Shi間使用規定的金額后,能夠恢復再度使Yong其金額,周而復始,直至使用到規定的次數He金額終止時為了結。 (二)循環信用證De類別 1. 循環信用證按“時間”Yi次循環可分為: a. 自動循環(Automatic Revolving) Shou益人按規定的時間或時間間隔裝運貨物議付Hou,信用證可自動恢復到原金額供再度使用。 b. Tong知循環(Notice Revolving) Tong知循環,顧名思義,受益人于每次裝貨議付后,Xu等待和收到開證銀行致受益人通知后,才能Hui復到原金額再度使用,亦稱非自動循環(Non-automatic Revolving)。 c. Ding期循環(Periodic Revolving) Ding期循環是指受益人于裝貨議付后,須經過一定期間Fang可恢復原金額再度使用。定期循環是依契約的規Ding,可按月、按季循環使用,亦稱半自動循Huan(Semi-Automatic Revolving)。 2. Xun環信用證按“金額”循環可分為 a. Ji累循環(Cumulative Revolving) Ji累循環是指上期未使用之余額可轉入下期使用。 b. Fei積累循環(Non-Cumulative Revolving) Xi指本期尚未使用的余額,不能轉入下期使用。不Neng轉入下期使用的尚未使用的余額視為過期、放Qi和作廢的金額處理,故稱非積累循環。 (San)循環信用證的功能條款 1. Zi動循環(Automatic Revolving) ----Ben信用證項下總金額,于每次議付后自動Xun環。 The total amount of this credit shall be restored automatically after date of negotiation. ----Ben信用證項下支付金額,于每次議付后自動恢復Xun環,直至用完金額,__美元為止。 The amounts paid under this credit are again available to you atically until the total of the payments reaches US $___ 2. Tong知循環(Notice Revolving) ----Yu每次裝貨議付后,須待收到開證銀行通知,方Ke恢復到原金額使用。 The amount shall be reinstated after each negotiation only upon receipt of Issuing Banks notice stating that the credit might be renewed. ----Shou益人于每次裝貨議付后,須待收到進口Shang或開證銀行發出的通知,方可恢復到原金額使用。 The amount of each shipment shall be reinstated after each negotiation only upon receipt of credit-writing importers issuing banks notice stating that the credit might be renewed. 3. Ding期循環(Periodic Revolving) ----Mei次議付后于七天之內,議付銀行未接到停止Xun環的通知時,本信用證項下尚未用完的余額,可Ji累于原金額中使用。 Should the Negotiating Bank not be advised of stopping renewal within seven (7) days after each negotiation, the unused balance of this credit shall be increased to the original amount. 4. Ji累循環(Cumulative Revolving) ----Mei三(3)個日歷月積累循環一次,由20__年3Yue15日,從達成第http://www.codeotel.com/article/153949994.html一筆交易之日起至20__Nian12月15日循環終止。 Per three (3) calender month cumulative commencing with 15th March 19__, revolving on the first business day of each successive month and ending with 15th December 19__. 5. Fei積累循環(Non-Cumulative Revolving) ----Mei批貨物所支付的金額,尚未滿額時不得積累使用。 The unused balance of each shipment is not cumulative to the following shipment. (Si)非循環信用證 凡信用證所列的Jin額不可循環使用者,皆為非循環信用證(Non-Revolving Letter of Credit)。 Zai實務中,一般的信用證都屬非循環信用Zheng。但可循環的信用證必須在信用證中注明,凡未Zhu明者皆為非循環信用證。 循環證和一Ban的LC申請是一樣的,只是選以下可循環即Ke。 再就是把EXPIRY DATE Xie到最后循環一筆的交單時間之后。 一般來Shuo,循環證你要結掉前一筆,后一筆才能用。占Yong等額額度。 有風險,你能保證循環的期數Yu你合同執行的時間完全一致么。比如你的證Shi三年內每年循環,可第二年,你就不打算執行He同了,想撤銷信用證必須有對方的同意才Xing,對方不同意撤銷,就還得執行。不像一般的Zheng,付完所有證下的款項就自動廢了。 和一Ban的信用證不一樣,循環信用證的主要功能是減少Zi金占用、少些繁復手續。 舉個例子:Ru信用證規定7,8,9月份按月循環,那Me7月份金額用完后,到8月1日信用證金額就Fu原可以再被利用,依次類推。 舉Li具體條款:This L/C amounting USD100000.00 is automatically revolving for 4 times but our total liability does not exceed USD400000.00(Ben信用證金額為100000美圓,自動循環4次,Dan本行負責的金額以400000美圓為限)。 Cong以上條款中可以看出100000美圓http://www.codeotel.com/article/109590243.html的信用證金E,可以當400000美圓用,比較適合你Shuo的想做循環信用證這種情況,關鍵是要安排好具Ti時間內的具體出貨量。 可依照以下的Yao點來選擇最適合實際情況的循環信用證: 1. Gen據循環計算方式分類:按時間循環信用證,An金額循環信用證 2. 根據恢復方式分類:Zi動循環信用證、半自動循環信用證和被動Xun環信用證 3. 根據金額計算方式分類:Bu可積累循環信用證,可積累循環信用證 Jian議做按金額自動循環的信用證,因為這種An金額自動循環的信用證用后立即恢復,Shou益人有空子可鉆。 Revolving Letter of Credit (L/C) Introduction In situations where constant and regular shipments from the same supplier are to be effected over a given period, the buyer may approach his bankers to open a Revolving L/C in favour of the seller. Definition ? Under a Revolving L/C the terms and conditions including, the amount is renewed or reinstated without specific amendments to the L/C being required. A revolving L/C can revolve in relation to time or value. ? In case of a L/C that revolves in relation to time, it is automatically available for a specified amount within defined period irrespective of any sum was drawn during the previous period. The drawing can be on cumulative or non-cumulative basis. ? In the case of a L/C revolves in relation to value, the amount is reinstated upon utilisation within a given overall period of validity. Characteristics The characteristics of a Revolving L/C are: ? It is used for regular shipment of identical goods over a period. ? It can revolve on time or value basis. ? It can be cumulative or non-cumulative. ? It can either revolve on notice from the issuing bank or automatically. ? In addition to the risks undertaken under a normal L/C, the issuing bank of a revolving L/C undertakes higher operational risk. ? The wording of the 'reinstatement clause' is an effective means by which the issuing bank can cap its exposure under the L/C. Commonly Used Terms The following are the terms commonly used in Revolving L/C: ? Issuing Bank: is one which issues the credit i.e. it is the bank which creates a Letter of Credit and undertakes to pay. The primary undertaking to pay under the L/C is that of the Issuing Bank. ? Cumulative: For instance, a L/C is available for USD100K per month during a fixed period of time say, 3 months. If it is stated to be cumulative, any sum not utilised during the first period carries over and may be utilised during a subsequent period. If that happens, the liability of the Issuing bank will be more than USD100K even though the face value of the L/C is shown as USD100K. ? Non-Cumulative: For instance a L/C is available for USD100K per month during a fixed period of time, say, 3 months. If it is stated to be non-cumulative, any sum not utilised in a period ceases to be available, i.e. it is not carried over to a subsequent period. The maximum liability of the Issuing Bank is USD100K as any unutilised amount in one period cannot be carried over to the next period. ? Reinstatement Clause: a clause in the L/C inserted by the Issuing ba nk to mitigate/control the operational risks in the L/C. This clause states how and under what circumstances can only the value of the L/C be reinstated upon utilisation. Risks ? Revolving L/Cs could expose the issuing bank to risks beyond those normally associated with the standard import L/Cs. Indeterminate L/Cs revolving in relation to value, in relation to value may involve the Bank in liability as there is no limit on the number of shipments that can be effected. To maintain a degree of control, the Issuing bank must specify the overall amount that may be drawn under the L/C. ? On L/Cs that revolve in relation to time, the Issuing Bank faces greater exposure than the face value of the L/C if it is cumulative. The use of non-cumulative feature should be used as a capping device to limit the exposure of the issuing bank. ? The Bank faces the following operational risks, which may result in operational losses: ?Inadequate control of the reinstatement of drawings may lead to the total exposure of the Revolving L/C being greater than the credit facility granted. ?Reinstatement of amounts negotiated under the Revolving L/C when the relative drafts have not been accepted or paid in accordance with the terms of the L/C. ?Failure to properly authenticate and control the advice of reinstatement. Advantage There are advantages of using Revolving L/C: ? No need for the buyer to open multiple L/Cs or amend existing L/Cs. ? Useful in situations where co nstant and regular shipment from the same supplier are to be effected over a given period. ? Buyers limits are not blocked for the full value of the contract upfront. Disadvantage The disadvantages for Revolving L/C are: ? If the reinstatement clause is not appropriately worded, the liability of the issuing bank could be several times over the face value of the L/C. ? It is operationally a cumbersome product as the issuing bank has to keep track of multiple drawings and reinstatements under the L/C. ? From the sellers perspective it is not as secure a method of payment as say a normal L/C established in his favour for the full value of the contract with the buyer.