[무역영어] 신용장 - 영어로 쓴 신용장의 기능

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무역영어 기말레포트로 영어로 적었습니다.
A+ 받은 레포트 입니다. 많은 도움이 되었으면 합니다~

목차

1. About Letter of Credit
2. Functions of Letter of Credit
3. Conclusion
&- My opinion about this class -

본문내용

3. Conclusion

1. To protect against buyer risk. If the buyer is of unknown creditworthiness, then the seller has the security of the bank's payment undertaking.

2. To protect against country risk. The buyer may be willing and able to pay; but economic or political conditions in the buyer's country may prevent or delay payment. This is a real concern when dealing with less developed countries and/or countries with foreign exchange shortages. To protect against these risks, a confirmed letter of credit will be necessary - a bank in the seller's country will (for a fee) add its own payment undertaking to that of the issuing bank.

3. Letters of credit are also used as part of exchange control or import control regimes operating in the buyer's country. In such cases the use of a letter of credit is mandatory, even if not required by the seller for security reasons.

By this reasons, we use Letter of Credit. When we use Letter of Credit, it gives us to various functions to satisfy these reasons.

참고 자료

그림.예시,표로 배우는 도해 신용장실무-무역연구원)전창원저)
알기쉬운 신용장 실무-청록 출판사(이재면저)
신용장론 :UCP 조문별 사례, 무역거래 절차별 사례중심의 신용장 해설
표준 신용장실무