II). Types & Uses of the Documentary Credits P35--587 ]3 G# a% ?* |+ L: Y
1. Types P35--36
1 O9 x1 Z d" D1 k. W, X (1) Irrevocable Documentary Credit P35$ v" K* ?9 r7 v/ K1 \
(2) Revocable Documentary Credit P35--36* g0 @5 D, V4 l& o
2. Uses P36--58
# ]! D; Q% j, P (1) Irrevocable Straight Documentary Credit P36 (Specimen Refer to P37)+ W6 B( |& R }" J4 ~
(2)Irrevocable Negotiation Documentary Credit P36--39
$ B8 F: s2 o1 D( H (3) Irrevocable Documentary Credit (Unconfirmed) P39$ u, z0 g& w0 K% |0 r1 V
(Specimen Refer to P40-41)
1 z; M2 v7 r9 \8 J (4) Irrevocable confirmed Documentary Credit P39--42' b# S/ \% Z+ A5 X
(Specimen Refer to P43-44) J1 [# j3 S; u
(5) Revolving Documentary Credit P42--45
5 ]) P4 @; Z. e# _ C (6) Red Clause Documentary Credit P45
7 F; K7 p7 { o. e+ M. Y# u ?: _2 E (7) Standby Credits P45--46* w" Z- B8 j, P* o y1 b) I/ S* i
(8) Transferable Documentary Credit P47--54# B+ ~% |. r0 S* q. P. h9 B
(9) Assignment of proceeds P55--56
c3 c8 l u y3 H1 X% b# q (10)Back-to-back Documentary Credit P57--58
' m$ V# _; [8 T( y y1 p2 K: T8 i VI. Bonds, Stand-by letter of credit & Counter-trade P58--72, @4 N* K1 P: y' Z; S- d
(I) Bonds P58--62 (Specimen Refer to P66-72)
% {5 A- v5 p, q8 x6 p+ c* U9 q# p* z% N 1. The Role of bonds in international trade P588 y4 j3 X# G2 c! Z
2. Types of bond P58--59. v) W1 [1 P4 U s% ]% r/ \3 o6 a
3. "On demand" bonds & conditional bonds P59--60
3 {5 u8 _0 y* T- Y 4. The procedure for issuing bonds P60& c0 C/ v. K* R" v6 t
5. The procedure which bonds cause for exporters P60--612 u( v# h8 x0 h
6. How can an exporter overcome or reduce the problems of bonds ? P61--62
5 X* z0 @. ^; B& S 7. Other precautions an exporter can take requiring to provide bonds P62; _/ K) F) G5 _8 n+ j8 s
(II) Counter-trade P63--65
# ]2 v9 Q" N/ @; k9 {' c2 x) r 1. What is counter-trade? P639 h0 l3 v# y9 P) M0 v
2. Forms of counter-trade P63$ t0 r. e! ?3 W+ }2 Y4 h0 S1 @
(1) counter-purchase(link purchase) P63
( y7 Q4 F! i' g' a (2) Barter P63
8 C0 ~* n: r' r7 E8 u (3) Compensation or buyback deals P63
: e ^8 _3 Y8 F (4) Barter by means of trust accounts P63--64
3 {& o3 d$ c; x. P (5) Offset P64
* n, I# J; v# a8 Z! N (6) Evidence accounts P64) U) n! f5 a v9 g0 U
3. Pitfalls of counter-trade for the exporter P643 R4 _: b* R/ w! [
4. Sources of help for the counter-trade exporter P65) q6 k- w! z- M9 M' `3 a* V
(1) Banks P65
1 z2 y0 |6 i6 E3 ~( n (2) ECGD P65% N: K3 m3 G% V. c4 g1 Z
(3) The Projects & Export Policy Division of the DTI P65 |