II). Types & Uses of the Documentary Credits P35--58
" _3 H, n% y! o# e 1. Types P35--36
8 u" Y+ Z8 c5 f* R3 q$ r (1) Irrevocable Documentary Credit P35
1 }( V) f6 U; m' {" b q9 p/ y (2) Revocable Documentary Credit P35--36
T# |1 @# C6 Q8 K9 k8 U) K 2. Uses P36--58/ [9 Y/ i! y8 C2 r' D6 j. e
(1) Irrevocable Straight Documentary Credit P36 (Specimen Refer to P37)+ X1 v6 e: p6 _3 N2 `7 x5 N
(2)Irrevocable Negotiation Documentary Credit P36--39; h1 y! T' e7 ~4 L6 ?$ E2 S: R/ o
(3) Irrevocable Documentary Credit (Unconfirmed) P391 s$ u5 } T* V3 j. G' F a
(Specimen Refer to P40-41)
# z& B6 h' E. k (4) Irrevocable confirmed Documentary Credit P39--42
/ A+ n Q4 T) |0 y/ `% ~ (Specimen Refer to P43-44)+ a7 f7 j! O, ~; _7 l0 A' E7 Z5 B
(5) Revolving Documentary Credit P42--45
2 C* K( c" d4 p5 [ (6) Red Clause Documentary Credit P45/ B* A/ d: v( o# @! P" R0 m, D# P$ [
(7) Standby Credits P45--46% D* O5 b: _6 x) z f7 L( y
(8) Transferable Documentary Credit P47--54
0 ?7 f/ y# d$ I. _5 k# V (9) Assignment of proceeds P55--56' v& i* A" Z. g
(10)Back-to-back Documentary Credit P57--58
& _3 N6 N% R8 x% m5 F8 V2 ?& d VI. Bonds, Stand-by letter of credit & Counter-trade P58--72
; o: r+ R+ A+ [0 ?# d) m) u$ ~- Q (I) Bonds P58--62 (Specimen Refer to P66-72)& b7 I9 a3 a; M5 @/ Z" Q% n
1. The Role of bonds in international trade P58: m" H3 i& x# P9 k; W
2. Types of bond P58--591 F# \3 o5 L( R" W
3. "On demand" bonds & conditional bonds P59--60 I/ [. @* e u" e/ |: P. c; Z
4. The procedure for issuing bonds P600 l0 y5 O+ A" M0 P$ F+ b
5. The procedure which bonds cause for exporters P60--61
5 m: g. o. h$ a 6. How can an exporter overcome or reduce the problems of bonds ? P61--625 m' E, Q6 [" {. m3 X" Q- [# c! b
7. Other precautions an exporter can take requiring to provide bonds P62! y J5 b2 M& d0 f1 a* {! u' {
(II) Counter-trade P63--654 o$ ^) x0 E2 ^3 @5 h: u1 R1 W
1. What is counter-trade? P63
; w+ E* G7 P* @! l 2. Forms of counter-trade P63
# j$ |) ^) U. ]! x u3 v (1) counter-purchase(link purchase) P63
% E* J1 c7 E8 x, }! k5 K (2) Barter P63: [' p" ^7 S* y" ^* e3 S! z
(3) Compensation or buyback deals P63& H5 X |# @. x3 n' n; H
(4) Barter by means of trust accounts P63--64
2 e0 i: U6 ~# K3 t4 } (5) Offset P64
# T9 f3 o( C# ~ (6) Evidence accounts P64
4 q( {' M k) ?' P 3. Pitfalls of counter-trade for the exporter P64
. e' r9 O- N+ q* {& k v 4. Sources of help for the counter-trade exporter P65; F( D" g/ Z7 t) ~
(1) Banks P651 S; z( t; V& t/ r: T
(2) ECGD P65, \4 A2 K1 d+ y1 N* ?5 e
(3) The Projects & Export Policy Division of the DTI P65 |