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2.
INTERNATIONAL TRADE SETTLEMENT AND PAYMENT SYSTEM 3.
DOCUMENTARY CREDITS 4.
PARTIES TO DOCUMENTARY CREDIT 5.
TYPES OF CREDIT 6. COMPARING PAYMENT TERMS METHOD OF PAYMENT TIMING OF PAYMENT GOODS AVAILABILITY SELLERS RISK BUYERS RISK Advance Before Shipment At Destination Arrival None 100% Reliance on Seller Sight L/C Presentation of Docs after shipment When L/C is paid Minimal issuing / confirming bank obligation to pay if docs conform to L/C Assurance of Shipment, but depends on seller to supply goods ordered Usance L/C Maturity date or at discount of the draft At acceptance of draft drawn under the L/C Minimal bank obligation to pay if docs conform to L/C terms Regardless of product quality, payment due at maturity Collection Demand Bills When docs received are presented to the drawee When payment is made Non-payment of draft Assurance of shipment, but depends on seller to supply goods ordered Usance bills on D/A basis When accepted B/E matures At time B/E is accepted Non-payment of B/E, even though buyer has the merchandise Minimal, may refuse to pay at maturity Open A/c As per the arrangement Upon arrival Reliance on buyer Zero 7. UNIFORM CUSTOMS AND PRACTICE FOR DOCUMENTARY CREDITS UCP 600 8. INTERNATIONAL TRADE ICCS PUBLICATIONS
9. INTERNATIONAL TRADE ICCS PUBLICATIONS
10. INTERNATIONAL TRADE ICCS PUBLICATIONS
11.
UCPDC UNIFORM CUSTOMS AND PRACTICE FOR DOCUMENTARY CREDITS 12.
13. TRIANGULAR CONTRACTUAL ARRANGEMENT EXPORTER SALE CONTRACT DEFINING TERMS IMPORTER ISSUING BANK ADVISING BANK L/C APPLICATION ISSUANCE OFTHE LETTER OF CREDIT ADVICE OF OPENING LETTER OF CREDIT 14. Letter Of Credit 15. Letter of Credit
16. Letters of Credit - Types
17.
18. Letters of Credit Income Potential
Usance Charges Commitment Charges Retirement Charges Swift Charges Advising Charges Confirmation Charges Source offee income 19. Parties concerned with a credit
20. Parties concerned with a credit
21. Parties concerned with a credit
22. Definition of Certain terms
23. Definition of Certain terms
24. Definition of Certain terms
25. Basic Documents used in International Trade 26. Basic Documents used in International Trade
27.