[무역영어] 무역영어 신용장 (영작)

소개글

무역영어 report용 및 신용장의 기능 및 정의 영작문입니다

목차

1. The Letter of Credit
2. The Functions of The Letter of Credit
3. When The Letter of Credit is recived, we have to consider.
4. References

본문내용

1. The Letter of Credit

The Letter of Credit(letter of credit : L/C) is, when this bill is presented because importer's trading bank makes export trader request of importer(applicant for the credit), it is bond that promise postively treating to drawer(export trader) and (bill negotiating bank) that is bill receivable that pay or undertake. In other words, specification bank of Letter of Credit importer's solvency specification condition Asia be financial instruments that do to change commercial credit by bank credit indeed that warrant be.
A letter of credit is a document issued by a bank guaranteeing a client's ability to pay for goods or services. A bank or finance company issues a letter of credit on behalf of the importer or buyer, authorizing the exporter or seller to obtain payment within a specified time frame once the terms and conditions outlined in letter of credit are met.
The letter of credit acts like an insurance contract for both the buyer and seller and practically eliminates the credit risk for both parties, while at the same time reducing payment delays. A letter of credit provides the exporter or seller with the greatest degree of safety when extending credit. It is useful when the importer or buyer is not well known and when exchange restrictions exist or are possible.

참고 자료

<무역신용장론> 우성구 저, 홍익출판사, 2001
<국제 무역의 이해> 김희철, 이신규 공저, 두남, 2001
<신용장론> 강진석 저, 청목출판사, 2002
<무역실무> 구종순 저, 박영사, 1999