II). Types & Uses of the Documentary Credits P35--58
7 b0 P0 X4 g9 t- Y! P 1. Types P35--36
+ C5 c/ Q& Y4 y0 k6 L9 V2 U (1) Irrevocable Documentary Credit P35' r7 O, N8 p+ U; E3 j0 R0 @) `/ w' B3 b
(2) Revocable Documentary Credit P35--36* p8 ]+ T, G4 t
2. Uses P36--58
1 H! S' I; w$ g \& B (1) Irrevocable Straight Documentary Credit P36 (Specimen Refer to P37)
* T* o- N' |2 S$ o; x }) A (2)Irrevocable Negotiation Documentary Credit P36--398 E/ L& Y, x2 G& [& a
(3) Irrevocable Documentary Credit (Unconfirmed) P391 |: c& p+ y" s7 n5 v
(Specimen Refer to P40-41)3 w* O) f( ]9 E' [. p! [7 H
(4) Irrevocable confirmed Documentary Credit P39--42: H6 G7 T' H8 [
(Specimen Refer to P43-44)5 U6 T$ R7 X9 I+ Z( c, i
(5) Revolving Documentary Credit P42--451 t* B& l8 C( J# h- W0 w# t; ]
(6) Red Clause Documentary Credit P45
. ?$ v+ V% d% J4 n5 S0 Y (7) Standby Credits P45--46
2 s0 C' j3 l- V2 F8 O (8) Transferable Documentary Credit P47--54
8 _; i. E: ]5 H2 {" x. } q* { (9) Assignment of proceeds P55--56
: r- Z6 h& B2 Y2 n( c (10)Back-to-back Documentary Credit P57--58 Q. j5 e7 @1 ^# A7 ~* b# `2 Z( K
VI. Bonds, Stand-by letter of credit & Counter-trade P58--72# ^2 B8 `6 ]7 N2 ^/ v8 c
(I) Bonds P58--62 (Specimen Refer to P66-72)
0 p5 U) v% j% e. F; t 1. The Role of bonds in international trade P58
- v1 W6 J5 O, x S- @3 {1 ` 2. Types of bond P58--59; J' u) Y m! M6 H; _% W1 R
3. "On demand" bonds & conditional bonds P59--60
2 C* w- W, f% q5 [3 \# Z4 ~, O' ? 4. The procedure for issuing bonds P607 a) ?% N, t% f
5. The procedure which bonds cause for exporters P60--61/ X5 C5 Y2 f z* v
6. How can an exporter overcome or reduce the problems of bonds ? P61--628 D! R) F \% \0 v
7. Other precautions an exporter can take requiring to provide bonds P62% u- F4 r2 Z4 ~3 T, s
(II) Counter-trade P63--65
; G* `1 f: t% Q0 G4 b- {" @. s 1. What is counter-trade? P63 u; ~. m! F& z3 d. p! s5 T6 u
2. Forms of counter-trade P63
. m, w/ `& ^2 P1 W, ? (1) counter-purchase(link purchase) P63
* y7 T9 L/ ]- n& d5 p (2) Barter P63
q+ ]) [( m$ I0 b (3) Compensation or buyback deals P638 ^, p7 m. M5 P' i& r/ K
(4) Barter by means of trust accounts P63--64
, @, u/ H" D* Q$ ] (5) Offset P64
3 y! v8 v }+ z1 ^5 }) E7 O/ @ (6) Evidence accounts P64& P( h3 p5 H4 Q/ x# ]
3. Pitfalls of counter-trade for the exporter P64
7 A$ Z* g# A# M* B$ }6 T6 d0 G 4. Sources of help for the counter-trade exporter P658 {: @# ]2 V/ Q) i$ \, Y% ?$ c+ M
(1) Banks P65+ K- {& l* P7 ~8 d4 w; B; C# ^6 Z N/ w
(2) ECGD P65
4 }+ w2 F; z; b3 B (3) The Projects & Export Policy Division of the DTI P65 |