What is the content of a letter of credit?
What is the content of a letter of credit?
【正确答案】:Letters of credit are varied in form, length, language,and stipulations. Generally speaking, however, they include the following contents:
(1)The number of the credit and the place and time of its establishment.
(2)The type of the credit.
(3)The contract on which it is based.
(4)The major parties relevant to the credit,such as the applicant, opening bank, beneficiary, advising bank, etc.
(5)The amount or value of the credit.
(6)The place and date on which the credit expires.
(7)The description of the goods including name of commodity, quantity, specifications, packing, unit price, price terms, etc.
(8)Transportation clause including the port of shipment, the port of destination, the time of shipment, whether allowing partial shipments or transshipment.
(9)Stipulations relating to the draft.
(10)Stipulations concerning the shipping documents required.
(11)Certain special clauses if any16,e. g. restrictions on the carrying vessel and the route.
(12)Instructions to the negotiating bank.
(13)The seal or signature of the opening bank.
(14)Whether the credit follows “the uniform customs and practice for documentary credits”.
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