A brief description of the bank s criteria for reviewing L C documents is an examination question of

The principle of document preparation is that the document of strict compliance is the document of strict compliance. The principle of strict consistency is embodied in the "four unifications", namely:

Unity of L/C and Contract The issuance of L/C is conditional on the contract, and the key points specified in the deed must be clearly stated in the L/C. The terms of the letter of credit must meet the contents and points set out in the contract.

Unified documents and letters of credit The documents are based on the terms stipulated in the letter of credit. The documents under the letter of credit must be consistent with the contents listed in the letter of credit, that is, the documents and the letter of credit must be unified.

Documents and goods unified The data and contents of the goods listed in the documents should be completely consistent with the actual conditions of the goods stipulated in the contract, and the contents listed in the documents should be unified with the actual goods.

Documents and documents are unified There are about 10 kinds of documents under the letter of credit, such as: commercial invoices attached to commercial invoices in packing lists, weight and size lists, and inspection certificates; Insurance documents include insurance policies and insurance certificates; Transport documents include sea bill of lading, air waybill, railway bill of lading, postal receipt and combined transport bill of lading; Country-specific documents include customs invoices, consular invoices, and certificates of origin.

The principle of the bank's examination of the documents under the letter of credit is simply "document consistency", that is, the documents submitted by the beneficiary must be "superficial" consistent (identical) with the provisions or requirements of the letter of credit, that is, the issuing bank only examines whether the surface form and text content of the documents are consistent with the provisions or requirements of the letter of credit, regardless of the actual condition of the contract and the goods - because the letter of credit is a separate document transaction independent of the contract, that is, the issuing bank buys the documents submitted by the beneficiary that meet the provisions of the letter of credit. and nothing else.

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There are three characteristics of the ABCE letter of credit method:

First, the letter of credit is a self-sufficient instrument. The letter of credit is not attached to the sales contract, and the bank emphasizes the written certification of the separation of the letter of credit and the basic ** when reviewing the documents;

Second, the letter of credit is a pure documentary transaction. The letter of credit is a voucher payment, not the goods. As long as the documents match, the issuing bank should pay unconditionally;

Third, the issuing bank bears the primary responsibility for payment. A letter of credit is a kind of bank credit, it is a kind of guarantee document of the bank, and the issuing bank has the primary responsibility for payment.

Answer]: ABC

The knowledge points to be assessed in this question are the characteristics of L/C. Items A, B, C: The types of letters of credit include:

Letters of credit and documentary credits; revocable and irrevocable letters of credit; Confirmed and unconfirmed letters of credit; L/C at sight, L/C at sight; Deferred payment letter of credit; negotiable and non-negotiable letters of credit; Revolving and non-revolving letters of credit. The vast majority of letters of credit used in international settlement are documentary credits, and the light bill letters of credit are mainly used for tourism, embassies and consulates and personal consumption. A letter of credit must be specified as either revocable or irrevocable, and if it is not expressly specified, it will be considered irrevocable.

So, items a, b, and c are correct. Item D: Deferred payment letter of credit does not use bills of exchange and cannot be accepted.

Only the certificate of forward acceptance of the letter slag base needs to use the bill of exchange, which can be accepted. So, item d is wrong. To sum up, the correct answer to this question is ABC.

The primary basis for document preparation and document examination under the non-L/C payment method is: under the non-L/C payment method, the primary basis for document preparation and document examination is the sales contract. In the transaction of L/C payment method, L/C replaces the sales contract and becomes the main basis for the production of documents.

What is a Sales Contract:

A sales contract is a contract in which the seller transfers ownership of the subject matter to the buyer and the buyer pays the price. Contract law in which the buyer accepts the property and pays the agreed price.

Buying and selling is the most common form of commodity exchange, and it is also a typical contract for payment. According to the provisions of Articles 174 and 175 of the Contract Law, if the law does not stipulate the matters of other paid contracts, the provisions of the sales contract shall be referred to; Contracts for the transfer of ownership of the subject matter shall also refer to the provisions of the sales contract.

The essence of the sales contract is to transfer the ownership of the subject matter in the form of equivalent compensation, that is, the seller transfers the ownership of the subject matter to the buyer, and the buyer pays the price to the seller. This is an essential feature of a contract of sale that distinguishes it from a contract of gift. It is a paid civil juristic act.

Precautions: Signing a sales contract is one of the most common activities in daily market transactions, and we must be cautious about some details and terms in the process of signing the contract to prevent contract fraud and avoid unnecessary losses and disputes.

The name or name and address of the parties to the contract: If the subject is a legal entity, the name of the business license shall be the name of the company, and if the natural person is a natural person, the name on the resident ID card shall prevail.

Quality dust bending requirements: product quality should be in accordance with national standards, and if there is no national standard, it should be in accordance with industry standards or enterprise standards, and it can also be determined through negotiation.

Product packaging standards: The packaging method of the goods is very important for the integrity of the goods, and if the packaging is not in place, the goods may be damaged and cause disputes.

The following is related to the timely issuance of the bill under the letter of credit, and the statement of the positive limb is ():

a.A full set of documents should be prepared immediately upon receipt of the letter of credit.

b.The date of production of the document should be a reasonable date in accordance with commercial customs.

c.The date of issuance of the document cannot exceed the validity period specified in the letter of credit.

d.The date of submission of documents to the bank shall not exceed the deadline for submission of documents stipulated in the letter of credit.

Correct answer: ABCD