文档介绍：Letter of Credit II
Urging establishment of L/C 2006,11
Learning Objectives By studying this part, you will be able to: 1. know the importance of the letter of credit. 2. understand the main procedures the letter of credit goes through. 3. know how to urge the establishment of an L/C. 4. know how to amend and extend L/C.
Usual practice on establishment of L/C
The date of issuing L/C:
The L/C is to be opened and to reach the seller one month prior to the date of shipment
The importance of prompt establishment L/C:
1. give the seller ample time to make the goods ready
2. enable the seller to book shipping space
The letter of urging establishment of L/C usually includes:
Inform that the goods contracted has been ready for shipping.
Remind that the covering L/C has not been received.
Request for expediting establishment L/C
Hope to receiving early response.
The response of urging establishment of L/C:
Refer to the previous letter
Inform that the covering L/C has been opened and sent.
Hope that the shipping advice can be received early.
The letter of buyer requesting for a certain payment usually includes:
1. Mention the contract, goods, etc.
We refer you to Contract No…
Reference to …
With regard to (With reference to)…our contract…
2. Suggest the term of payment and the reason.
As…we shall be glad if you…
As you know…we suggest…
3. Wish the reader to accept.
We w