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terms of shipment in the contracts for the international sales of goods
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更多“terms of shipment in the contr…”相关的问题
Under FOB terms the bill of lading would state goods ______.
A．loaded on board, freight paid
B．loaded on board, freight payable at destination
C．received for shipment, freight paid
D．received for shipment, freight payable at destination
Under CIF terms, the bill of lading would state goods______.
A．loaded on board, freight paid
B．loaded on board, freight payable at destination
C．received for shipment, freight paid
D．received for shipment, freight payable at destination
According to INCOTERMS 2000,the following trade terms( ) mean that the sellers must arrange goods transportation from port of shipment to the named port of destination.
A. CFR B. FCA C. FOB D. CIF
Under FOB terms the bill of lading would state goods______.
A．loaded on board, freight paid
B．loaded on board, freight payable at destination
C．received for shipment, freight paid
D．received for shipment, freight payable at destination
Under FOB terms the bill of lading would state ______.
A．goods loaded on board' freight paid
B．goods loaded on board' freight payable at destination
C．goods received for shipment' freight paid
D．goods received for shipment' freight payable at destination
- Partial shipment allowed.
- Latest shipment date 30 April.
- Expiry date 15 May.
On 2 March the applicant requests an amendment prohibiting partial shipment and extending the expiry date to 30 May. In accordance with UCP 600 what MUST the issuing bank do？
(1)( ) Clarify with the applicant the period for presentation.
(2)( ) Issue the documentary credit as originally instructed.
(3)( ) Issue the documentary credit incorporating all the amendments.
(4)( ) Issue the documentary credit incorporating only the extended expiry date.
Case(南京大学1996年研) On November 10，1990，A(a Chinese foreign trade company，the seller)and B(an Americall company，the buyer)reached an agreement in terms of price，quantity，quality，payment and shipment of certain product by exchange of fax between them．Tow da
What is the main issue in this case？
1.Irrevocable Transferable Credit-Original
Name of Issuing Bank Place and date of issue
Overseas Union Bank Ltd., Singapore, 10 Sep., 200×
Name of Beneficiary Advised through
To: Alison Company Ltd., China State Bank Ltd.,
120 Winston Street, Hong Kong
Hong Kong
Dear Sirs,
At the request and on the instructions of Lance Company, Singapore, we hereby issue an Irrevocable Transferable Credit No. 36589 for HKD 84,000.00 (say Hong Kong dollars eighty four thousand only) to expire on or before 30 Oct., 200× at Hong Kong available with China State Bank Ltd., Hong Kong being Transferring Bank by negotiation against beneficiary's draft (s) drawn at sight on the Issuing Bank accompanied by the following documents:
(1)Signed Commercial Invoice in quadruplicate.
(2)Full set of clean on board ocean bills of lading made out to order blank endorsed marked "Freight Prepaid".
(3)Insurance policy endorsed in blank for invoice value plus 10% covering all risks and war risks.
(4)Packing List in quadruplicate.
All documents excluding invoice must be made in neutral name.
Evidencing shipment of 100 pieces of Lady Overcoats as per design No. A-3508 at HKD840.00 CIF Singapore per each piece.
Shipment from your port for transportation to Singapore not later than 15 Oct., 200×.
Partial shipments not allowed.
Transhipment allowed.
Documents to be presented within 15 days after the date of shipment, but within the validity of the credit.
We hereby agree with the drawers and bona fide holders of drafts drawn under and in compliance with the terms and conditions of the credit that such drafts will be duly honoured on due presentation if negotiated or presented at this office on or before the expiry date.
This Credit is subject to UCP 600.
Yours faithfully
Overseas Union Bank Ltd., Singapore
signature (s)
2.A "Request to Transfer" shows as follows:
To: Transferring Bank
(1) China State Bank Ltd., Hong Kong
Dear Sirs,
We request you to transfer an Irrevocable Transferable Credit No. 36589 issued by Overseas Union Bank Ltd., Singapore to the second beneficiary-
(2) South China Company, 15 Zhujiang Road, Shenzhen. Please insert the following changeable new terms instead of the old terms:
(3) Applicant: Alison Company Ltd., 120 Winston Street, Hong Kong- original first beneficiary.
(4) Credit amount: HKD67,200.00.
(5) Expiry date: 20 Oct. 200×.
(6) Insurance amount for invoice value plus 37.5% (92,400/67,200=1.375).
(7) Evidencing shipment of 100 pieces of Lady Overcoats as per design No. A-3508 at HKD672.00 CIF Singapore per each piece.
(8) Shipment date: 10 Oct., 200×.
(9) Documents to be presented within 10 days after date of shipment.
In respect of the amendments arisen hereafter to the credit, we wish to inform you that the first beneficiary retains the right to refuse to allow the transferring bank to advise amendments made under the original credit to the transferee (second beneficiary). Therefore the transferring bank must obtain approval of the first beneficiary before advising amendments to the transferee.
Yours faithfully
Alison Company Ltd., Hong Kong
signature
The Transferring Bank, China State Bank Ltd., Hong Kong adds some supplementary conditions as follows:
(10) Issuing date: 20 Sep., 200×.
(11) Advising bank: China Merchants Bank, Shenzhen.
(12) Special instructions:
All documents must be made first presentation to us (Transferring Bank) for negotiation. Payment/honour of drafts with be effected by us when documents are received in full compliance with the credit terms and cover has been received under the original Transferable Credit, we shall then credit proceeds to your account as per your covering schedule.
3.Please fill the blanks to issue a Transferred Credit.
Irrevocable Transferable Credit - Transferred Credit
Name of Transferring Bank Place and date of transfer
(1)(10)
Name of Beneficiary Advised through
To:(2)(11)
Dear Sirs,
We hereby inform you that an Irrevocable Transferable Credit No. 36589 issued by Overseas Union Bank Ltd., Singapore has been transferred to you as follows:
At the request and on the instructions of (3) ________________________ we hereby transfer the above-mentioned credit to you for (4) ____________ ______(say )to expire on or before
(5) ______ at Hong Kong available with China State Bank Ltd., Hong Kong being transferring bank by negotiation against beneficiary's draft (s) drawn at sight on the issuing bank accompanied by the following documents:
(1) Signed Commercial Invoice in quadruplicate.
(2) Full set of clean on board ocean bills of lading made out to order blank endorsed marked "Freight Prepaid".
(3) Insurance policy endorsed in blank for invoice value plus (6) ______.
(4) Packing List in quadruplicate.
All documents excluding invoice must be made in neutral name. Evidencing shipment of (7) ________________________________________________.
Shipment from your port for transportation to Singapore not later than (8) __________________
Partial shipments not allowed.
Transhipment allowed.
Documents to be presented (9) ______ after the date of shipment, but within the validity of the credit.
We hereby agree with the drawers and bona fide holder of drafts drawn under and in compliance with the terms and conditions of the credit that such drafts will be duly honoured on due presentation if negotiated or presented at this office on or before the expiry date.
Special Instructions (12)
__________________________________________________________________
__________________________________________________________________
This Credit is subject to UCP 600.
Yours faithfully
China State Bank Ltd.,
Hong Kong
signature (s)
A: Very well, we have settled everything about this transaction, except the terms of payment.
B: As you know, we prefer the L/C 20 days in advance which expires 15 days after receiving the paking list.
A: I suppose you have known our financial standing and credit well now after our long-term cooperation．We know an irrevocable L/C can ensure that the seller gets payment duly．But, on the other hand, it would increase the buying cost．Therefore, could you consider giving us D/P this time？
B: I am sorry．But our rules only allow us to accept other terms of payment by L/C, although the buyer has had two or three transactions with us before.
A: But why not if you have known the buyer's credit after several deals？
B: We hope you can understand．We have got some serious lessons from the credulity．One of them was through D/P documentary collection．When the shipment worth US ＄50000 was effected, the buyer refused to make the payment．But we can do nothing with it．And that buyer had had one or two deals before this one.
A: I see．But the flexible terms of payment will definitely bring you more orders as well as facilitate the buyers' purchasing.
B: Sure．We don't mean we won't accept other terms of payment forever．As a matter of fact, we will do so when we have known well about the buyer's credit after a real long-term cooperation.
