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International markets and foreign exchange operations - Savluk M.І.

5.1.6. Viscount letter of credit

The way of issuing the letter of credit , as it is, is the identification of the banknote and the bank, it is established one time before the instructive punishment of the letter of credit and intentionality at the bank that there are correspondent loans for. The term of the letter of credit is recognized, as a rule, to the majority of the bank that is licensed.

For an exporter and an importer, the procedure for a quick letter of credit is a bit complicated process, which can be stored at a low rate. Since I was an exporter at the lines of delivering the goods anyway, I have given you the most reliable services, and I have been sure to read the documents in the minds of the letter of credit.

I’m selling, and then the exporter’s bank is guilty of going on a business trip, all the necessary documents, by all means, do not ruin the minds of the letter of credit and do not cross one alone. All this is due to the fact that the bank accepts the acceptance of the acceptance of the document and the acceptance of the principles of strict identification of these documents to the minds of the letter of credit and the acceptance of the term.

The principle of strict identification of documents means that the bank should be reluctant to repeat the identification of the text of the submitted documents in the text of the brains of the letter of credit and may be payable against the document, the letter of credit. The main thing is to please Viconana with an agreement, the bank is guilty of accepting less than documents, as well as absolutely guaranteeing a letter of credit. Documents, which are for the oznichnymi signs to overshadow one by one, I look like the same, but do not vidpovidayut for the znnovnymi signs to the minds of the letter of credit. As a matter of fact, they will be submitted for revision of documents, if they are not included in letters of credit, they will not be interpreted by the bank. The Bank at all times has a turn-over to the returning agent or a transfer to the importer without any validity for correct registration.

The principle of suvorim termiminіv termіv vimagaє, so that is indicated in the letter of credit date zakіnchenniy termіnu for submission of documents і remaining termіn vіdvantazhennya goods іv suvoro dotrimuvalis. For documents, as they were, we’ll give you the right to not pay the bank. As a matter of fact, the remaining date of submission of documents is not included in the letter of credit, so that there is no date for the termination of the term of the letter of credit. Term between dates of type of documents and submission to the bank is to be blamed for a maximum of 21 days, most of which was not transferred by letter of credit for the longest hour.

For example, the date of termination of the term of the letter of credit is on the other hand, however holy days, then the term of the document will be updated until the next working day. At the same time, the banks do not accept transport documents, they must indicate the most recent date of type, the lower date of termination of the letter of credit. Remained date of indemnification, secured by letters of credit, such reward is not limited, term is 21 days after the letter of credit, not a minimum date of indemnity is not respected.

The first hour of rewriting is given by the beneficiary of the documents to the winners of the bank that can be used, but there may be different distributions with the minds of the letter of credit, however, they are issued. Prior to such retail outlets:

  • incorrectly executed transport documents;
  • Visibility of a transport document of an application for payment of freight for any other transport vitrates;
  • wrong rozmir sum of payment for a letter of credit;
  • insurance pіznіshe dati vіdvantazhenenya goods;
  • characteristics of the goods in the market not vіdpovіdaє to the minds of the letter of credit;
  • vaga і price for the goods, which are indicated in the documents, do not indicate the minds of the letter of credit;
  • a rakhunka was given vitrati not transferred by the minds of the letter of credit;
  • not submitted the original documents, but the required quantity of copies.

Vikonuyuchy Bank can not take such documents before the weekend. The documents will be rotated to beneficiary for additional re-issuance for re-issuance at the supervisor of the special sheet, all of which will be returned. Also, I will be revised for additional benefits and documents, submitted before payment for payment of the term of the letter of credit.

At the same time, we will have to bother with alternative offers, find more information and more documents to save more benefits, so buy. In practice, there are three main varianti solutions:

  • correspondent bank according to telegraph bank about unavailability and asking for all permits to pay a reasonable amount;
  • correspondent bank will propose benefits to documents in the issuing bank for investment. For the whole time, the buyer, having paid the goods for the goods, became a documentary;
  • correspondent bank can pay documents “intelligently”. As a matter of fact, a buyer or a bank-issuer shall not declare their readiness to pay for documents, such as shortcomings, beneficiaries of claims, turn the sum of the letter of credit to the bank (including commissions and loans). I’m sorry to know that, to pay the price, you’ll want to stop, as soon as you buy, but the bank-issuer accepts the documents with a new season (do not be shy of respect).

One of the most possible є perevitrati sumi letter of credit. As a letter of credit, it’s allowed to pay for goods with 10 days of legal notice, the amount can be reunited can be reunited in these payments, the loan must be reimbursed automatically, but I’ll be able to reconsider. In other words, if you accept all of the minds of the letter of credit, the principal is a good bank and pay for documents at the time of the transfer of the cost of the letter of credit, and pay the cost of the transfer of the punishment of the letter of credit. You can stay at the same time for payment of the transfer of your own payment to the bank, the third one, the credit, the amount of the letter of credit, the payment of the bank and the payment of the bank for payment on the basis of іnkaso, otherwise you need to pay the payback and for the other issuing bank and payable bank, turn the beneficiary without paying the documents, then cover the amount of the payback.

At a vipadka, if re-issuance of documents for sales due to singing reasons is unfeasible on the side of the beneficiary, the rest can be used by the way for a while. Decisions can be made to improve the sales, so that there is a small amount of documents.

  • Beneficiary not to sound inappropriately with the lender of the letter of credit and ask him to improve the bank-note to include in the letter of credit the loan, please give me the right to renew the terms of the letter of credit, renew the loan ; It’s also possible a trickster about the acceptance of documents with retail.
  • Beneficiary to ask for a vicarious bank on their own and for beneficiaries by telex or SWIFT channels to bend to the bank of interest with the looser to pay the required amount in advance of the letter of credit and pay the payment of such payment.
  • The beneficiary shall guarantee his request to a viconious bank of a good and smart payment, but for now a viscous bank of interest and interest from the bank, I may be obliged to pay the full amount of the loan if I am obliged to pay all the benefits.
  • The beneficiary can instruct the vicarious bank to send the documents to the address of the issuing bank without payment - to pay-off, to the bank-issuing bank when such documents are transferred by way of a letter of credit for the improvement of self-reliance on payment.

Zauvazhimo, scho-emitent bank є the right to file a claim with a vicarious bank for the distribution of documents and vimagati paid consolidated benefits. Vikonyuyuchy bank of goiters' obligations of the trimi of documents and pressure from the order bank of the emitent until the payment of the submitted documents again, but to nobility, ashore is often paid. Bank-client with the right to declare whether there are claims on the side of the punishable letter of credit, as well as through the distribution of documents.

In this rite, zovnіshnotorgovelnі banks - Participants zovnіshnoekonomіchnoї dіyalnostі bear Povny vіdpovіdalnіst for svoєchasnu payment filed benefіtsіarom dokumentіv, Yakscho tsі documents povnіstyu vіdpovіdayut Minds letter of credit and takozh for svoєchasne vregulyuvannya th usunennya viyavlenih in documents rozbіzhnostey Shlyakhov Venue of neobhіdnoї robot Zi svoїmi klієntami - benefіtsіarom for avіzuyuchogo bank and the lender of the letter of credit for the issuing bank.

The form of letters of credit is in the form of letters of credit under international operations є open and expensive. For a leather transaction for a letter of credit, as well as for credit cards, banks take a commission for insurance, even with the lower forms of insurance. Banks have a special tariff rate for commissions and postal telegraph vitrates, as well as vitrats for corridors with the SWIFT system.

Ukrainian and Russian banks are victorious so see the comic, yak:

  • forward avizuvannya letter of credit;
  • Avizuvannya documentary letter of credit;
  • credit and credit letter of credit;
  • refusal of a transferable letter of credit;
  • payments, merchandise, reopening, accepting and submitting documents;
  • Зміна minds of the letter of credit;
  • acceptance of drafts;
  • postal telegraphic vitrati;
  • Vitrati for vіdravlenleniya povіdomlenlen on SWIFT systems.

Clients of banks need to know that if the letter of credit is not vikoristuvatsya, but vikoristovuschatsya often, then the bank didn’t turn around. The commission is closed on a quarterly basis, meaning: a letter of credit is issued for 10 hours with a term of 15 to sickle, then bank service is charged for two quarters, and a quarter is required for another quarter. tobto 90 days, 10 days sickle). Komіsіyіnі povinnі contracted for the entire period of the letter of credit.

The skin of the total sum of the letter of credit is to be examined for the selection of the self-letter of credit; commissions are contracted in equivalent foreign currency.

PORIVNYA TARIFF TABLE ON ACCREDITIVE SERVICES OF UKRAINIAN BANKS, dol. USA (for export operations)

Operations with documentary letters of credit

NBU

JSPPB Aval

UKRINBANK

Oschadbank

Front Avisuvannya

20

fifty

N / A *

fifty

Avizuvannya letter of credit

20

0,1% min - 40, max - 500

0.15% min - 50

0,1% min - 50

Pіdtverdzhennya letter of credit without damage

0.2% min - 50

For housekeeping

N / a

0.2% min - 50 per quarter

Credit letter of credit

N / a

For housekeeping

0.15% min - 50

N / a

Transfer of documents and insurance coverage beneficiaries

0,1% min - 30

0.3% min - 50 max - 1000

0.2% min - 50

0.2% min - 50

Зміна in the minds of a letter of credit

thirty

40

20

fifty

Otrimannya dokument, yakі vіdrіznyayutsya іd minds of the letter of credit

N / a

thirty

100

50 for one package

Annulment of a letter of credit

0,1% min - 30

40

40

fifty

Transfer of documents for certification of the mind of the letter of credit and forwarding at the bank

0,1% min - 30

0.1% min - 40 max - 250

0.2% min - 50

0.2% min - 50

Commissions for a letter of credit for payment by installment

N / a

0,1% max - 50

N / a

0.15% min - 50

Refusal of a transferable letter of credit for the benefit of the beneficiary

N / a

0.25% min - 50 max - 1000

N / a

0.2% min - 50

Negotiation letter of credit

0,1% min - 30

For housekeeping

N / a

0.15% min - 50

* N / A - a dumb tribute.

Production tables

(for import operations)

Operations with documentary letters of credit

NBU

JSPPB Aval

UKRINBANK

Oschadbank

Front Avisuvannya

N / a

fifty

N / a

fifty

Credit and letter of credit service

0,1% min - 30

0.3% min - 100

0.3% min - 50

0.2% min - 50 per quarter

Credit letter of credit (including the first bank) with credit lines of credit

N / a

For housekeeping

0.15% min - 50

N / a

Prolongation of a credit letter of credit

0,1% min - 30

0.15% min - 50 max - 500

0.15% min - 50

N / a

Збільшення sumi of the letter of credit

0,1% min - 30

0.15% min - 50 max - 500

0.15% min - 50

0.2% min - 50

Зміна in the minds of a letter of credit

thirty

40

20

fifty

Інші зміни

N / a

fifty

fifty

fifty

Recycling of documents

N / a

0.3% min - 50 max - 1000

0.2% min - 50

N / a

Paying for benefits Benefit

N / a

0.2% min - 20 max - 500

0.5% of the total sum of the letter of credit

0.2% min - 50

Acceptance draft

N / a

0.1% max - 50 max - 500

N / a

0.15% min - 50

Consulting special bank

N / a

N / a

N / a

N / a

In case of extra charges for the health of the quietest of the most important operations, the credit card is imported at the same rate as the rate charged. Such zbirniki napilayutsya to the addresses of all foreign banks, yak і correspondents of home banks, so that the pragmatists of foreign banks could translate the correctness of the insured banks. Foreign correspondent banks are dominated by the address of the home bank in the zbirniki tariffs in the companion zborіv, so that they can be held at home.

Narakhovuychi komisіynі for operations, special bankers for guilty to express special respect, for whose rakhunok ransom Vitrati - for the razhelny beneficiara chi for the rakhunus punishment letter of credit. In case of a collateral, if the contract of the first letter of credit is transferred, payment of all fees for the letter of punishment is paid, the bank of both banks (the bank of interest and the bank of remittance) should be paid to the bank of the punitive letter of credit.

As a matter of fact, payment of all vitrits for a letter of credit is transferred for the beneficiaries, stinks are paid for as beneficiaries. To tighten the commission for the punishment of the letter of credit, the principal to the bank that has the right to debit the payee the punishment of the letter of credit and credit оре the corresponding shareholding, and at the same time pay the rent for the same amount.