lingshan1226
The following is a step-by-step description of a typical Letter ofCredit transaction:1. An Importer (Buyer) and Exporter (Seller) agree on a purchase and saleof goods where payment is made by Letter of Credit.2. The Importer completes an application requesting its bank (IssuingBank) to issue a Letter of Credit in favour of the Exporter. Note that theImporter must have a line of credit with the Issuing Bank in order torequest that a Letter of Credit be issued.3. The Issuing Bank issues the Letter of Credit and sends it to the AdvisingBank by telecommunication or registered mail in accordance with theImporter’s instructions. A request may be included for the AdvisingBank to add its confirmation (See page 24 for more information onLetter of Credit confirmation). The Advising Bank is typically located inthe country where the Exporter carries on business and may be theExporter’s bank but it does not have be. 4. The Advising Bank will verify the Letter of Credit for authenticity andsend a copy to the Exporter.5. The Exporter examines the Letter of Credit to ensure:a) it corresponds to the terms and conditions in the purchase and sale agreement;b) documents stipulated in the Letter of Credit can be produced; andc) the terms and conditions of the Letter of Credit may be fulfilled.6. If the Exporter is unable to comply with any term or condition of theLetter of Credit or if the Letter of Credit differs from the purchase andsale agreement, the Exporter should immediately notify the Importerand request an amendment to the Letter of Credit.7. When all parties agree to the amendments, they are incorporated intothe terms of the Letter of Credit and advised to the Exporter throughthe Advising Bank. It is recommended that the Exporter does not makeany shipments against the Letter of Credit until the requiredamendments have been received.8. The Exporter arranges for shipment of the goods, prepares and/orobtains the documents specified in the Letter of Credit and makesdemand under the Letter of Credit by presenting the documents withinthe stated period and before the expiry date to the “available with” Bank.This may be the Advising/Confirming Bank. That bank checks thedocuments against the Letter of Credit and forwards them to the IssuingBank. The drawing is negotiated, paid or accepted as the case may be.9. The Issuing Bank examines the documents to ensure they comply withthe Letter of Credit terms and conditions. The Issuing Bank obtainspayment from the Importer for payment already made to the “availablewith” or the Confirming Bank.10. Documents are delivered to the Importer to allow them to takepossession of the goods from the transport company. The trade cycle is complete as the Importer has received its goods and the Exporterhas obtained payment.Note: In the diagram below, the Advising Bank is also acting as theConfirming Bank.上述流程只有10个步骤，你自己分解一下吧。
魔法袋的礼物
你好First: establish business relationship.we nomorally email each other sending our price list or quoations , and then they reply, at last we agree the items including payment terms FOB or CIF ?or the specifications of packing and quantities and so on , also the goods must be the same of wot they need ,everyth.Also, we will goona some Export Commodities Fair,Canton Fair for example. to meet the purchase foreigners all over the world where we negotiate face to face and sometime sign the contract soon or just accept the basic items between the seller and buyer.Second, wotever we establish business-ship, by email, or through ur friend's introduction, or some Fairs , or even a coinsident meeting in the bus, the contract is the key point we do business.So this step is to sign the contract, and fax to ur customer then he resign it and fax us again.Third. implement a contract. u then press ur customer to senf u a L/C, letter of credit, and check if it is 100% same with the contract, i mean the information ,even one difference is not accepted, coz we cant get payment just coz of the difference. If ok, then reform ur factory to start mass production. Fouth, u should make out the docs like inv, or packing list and others if necessary including Canada Customs Inv, C/O,FORM A and so on . Five, u should inform ur shiping forwarder to ...sorry , no . u should prepare for the declaration of goods with the ready docs . And when the shipment time is coming , u should inform ur shiping forwarder to consign the goods to the port of shipment. Six, u may get the B/L after the shipment 2days or 3, then u check the b/l to see if the same with other docs. if ok , u send it as well as other docs to ur notifying bank or advising bank. then after bank's checking , they wil send it to the opening bank and meanwhile pay u the goods money .If the payment term is TT , u fax the b/l to ur customer directly, they will tt ur bank .......
