Chapter 8 establishment of LC and amendmentWord

　　Chapter

　　8

　　Establishment of LC and amendment

　　Establishment of LC Urging establishment of L/C Amending a letter of credit Extend a letter of credit

　　BANK OF CHINA (HONG KONG) LIMITED HONG KONG

　　Date of issue: April 15, 2005

　　China National Import Export Corp. Beijing Branch Beijing ChinaDear Sirs We hereby establish our irrevocable Letter of Credit No. 226311 in your favor for account of Good Value Department Store, Ocean Center, Canton Road – Kowloon, Hong Kong, SAR for the amount of USD 30,000 (Thirty thousand US dollars) available by your draft drawn on us at sight for full invoice value accompanied by the following documents:

　　1. Signed Commercial Invoice in three originals 2. Packing List in triplicate 3. Full set of Original Bill of Lading showing “to order” and blank endorsed, marked “freight collect”, notifying Global Forwarder, 246 Lin Kong Road, Satin, New Territories, HK SAR, Tel: 23677788, Fax 23677798 . 4. Photocopy of Certificate of Origin issued by the public authorities of China.

　　covering 6,000 pieces of Girl’s Pants at USD 5 per piece FOB Tianjin, China. Shipment latest May 15, 2005 from Tianjin, China to Hong Kong. Partial shipments are not allowed. Additional conditions: 1.All charges outside our country and any charges relating to reimbursement are for account of beneficiary. 2.Any cable charges relating to advice of discrepancy(ies), are for account of beneficiary.

　　All documents must be presented for payment 15 days after the date of shipment. We hereby agree with drawers, endorsers and bona fide holders of the drafts that all drafts drawn under and in compliance with the terms of this credit will be duly honored upon delivery of documents as specified, if presented in China on or before May 25, 2005. This credit may be negotiated at any bank. Yours faithfully Authorized Signature Unless otherwise expressly stated, this letter of credit is subject to the Uniform Customs and Practice for Documentary Credits 2007 Revision, International Chamber of Commerce, Publication No. 600.

　　信用证英语中subject to 结构1.遭受 We will not make any payment under this letter of credit to any entity or person who is subject to sanctions issued by the U.S department of commerce. 我行将不向本信用证项下任何受美国商务部 制裁的实体或个人付款。

　　2.以 为条件 Transshipment allowed at Hong Kong subject to presentation of through BL on Marseilles. 允许在香港转船，但须提交到马赛的联运提 单。

　　3.受到 约束 This credit is subject to the condition that documents indicating goods originating from, or shipment to or from any U.S. sanctioned country will not be accepted. 本信用证受下列条件约束：单据如表明货物原产于、 或运往或运自美方所制裁的国家，本单据将不被 接受。This credit is subject to the Uniform Customs and Practice for Documentary Credits 2007 revision, I.C.C.

　　publication No.600. 本信用证受跟单信用证统一惯例，2007年版，600 号出版物的约束。

　　4.根据 规定 Subject to Clause 17, no variation in or modification of the terms to the Contract shall be made except be written amendment signed be the parties. 根据第17条规定，合同条款的任何变更或修 改，必须以双方签订的书面修改书为准。Subject to 用法谨慎拘谨和庄重，多在正规文 体中使用，类似意思的“according to, in conformity with”则多属口语体。

　　5. 须经 If any change is required regarding the terms and conditions of this Contract, then both parties shall negotiate in order to find a suitable solution, provided that any change of this Contract shall be subject to the approval by the Canadian Government. 如需对本合同条款进行修改，双方协商解决， 但对合同的任何修改内容必须经加拿大政 府批准方为有效。

　　6.在符合 的情况下 Subject to conditions herein contained and available by your draft drawn on us at sight for 100% of invoice value accompanied by the documents. 在符合本证规定条款的情况下，凭开具以我 方为付款人，发票金额的汇票，并附单据， 即期付款。

　　available 结构1. 在非完整句中 Available by payment 付款兑现 Available by acceptance 承兑兑现 Available by negotiation 议付兑现 Credit available with any bank by negotiation 本信用证可在任何银行办理议付

　　Available at sight at the counters of Hong Kong and Shanghai Banking Corp. Hong Kong against presentation of the following documents. 凭提交下列单据在香港汇丰银行的柜台即期付款。 Available for negotiation by beneficiary’s drafts drawn at sight for full invoice amount on payer accompanied with the following documents.可凭受益人的按全额发票金额开给付款人的即期汇 票，随附下列单据议付。

　　2.Available 在完整句中 The LC will only be available after receipt from our principals of instructions as regard to. 本信用证只有在接到我们客户指示后方可生效。 3.valid(validity) available 结构 Valid in China until 21st June for presentation of documents only, available by payment at sight with ourselves in Geneva against presentation of following shipping documents. 在中国提交单证的有效期至6月21日，凭向我日内 瓦银行提交如下装船单证即可办理即期付款。

　　外贸英语中高频词against 的用法1.凭、以 为条件、根据、按照 DP Documents against payment The payment is available at sight against the following documents. 凭下列单据即期付款

　　2.针对，指向 All parties to this letter of credit are advised that the U.S. government has in place sanctions against certain countries, related entities and individuals. 敬告信用证各当事方：美国政府已对某些国 家、相关实体和个人实施制裁。

　　3.投保 险别 To be covered by the seller for 110% of the invoice value against all risks and war risk as per CIC dated 1st January 1981. 由卖方根据中国人民保险公司1981年1月1日 中国保险条款，按发票金额的110% 投保一 切险和战争险。

　　4.与 对照；与 对比 Partial shipments permitted against prorate shipment. 允许分批，但须按比例装运。

　　Bona fide holders Bona fide 本是个拉丁语词，意思是“真真的， 真诚的”。 指的是外贸业务中汇票或提单等票据的合法 持有者，它的意思是“善意持有人”。即 议付单据的持有者或受让人。

　　Specimen Letter 1 :Open an L/C Dear Sirs We refer to our letter of enquiry dated 5th October. We have received your Proforma Invoice No.03688 and now wish to place an initial order for 1,500 tapes type No. EM127DN. The order number is 7305. We have instructed our bank, the General Commercial Bank of Venezuela to open an irrevocable documentary letter of credit in your favor. The amount is USD1,275.00.

　　This credit will be confirmed soon by our bank’s correspondent in London. You are authorized to draw a 60 days’ draft on our bank against this credit. Your draft must be accompanied by a complete set of shipping documents, consisting of: A full of clean shipped Bill of Lading Commercial Invoice 5 copies The Insurance Certificate 2 copies

　　Our bank will accept your 60 days’ draft on them for the amount of your invoice including the cost of freight and insurance, as agreed. Your bill will therefore be at 60d/s for full CIF invoice value. The credit is valid until the 12th February. Yours sincerely

　　open/establish an L/C in somebody’s favor for … (amount of money) with/through … bank, valid until… time. to open an L/C with the bank 由…银行开出 信用证(直接) to open an L/C through the bank 通过…银行 开出信用证(间接)to establish an L/C to issue an L/C