A foreign trade company exports a batch of goods, the quantity is 1000 metric tons, and each metric ton is USD 65 CIFRotterdam. Foreign buyers open letters of credit on time through the issuing bank.

D/P negotiation should be within 265,438+0 days after the date of bill of lading, within 265,438+0 days after July 4, and within July 25, and shall not exceed USD 65,000. According to the terms of more loading and less loading, it can be less than 5%, with a minimum shipment of 950 tons.

The maximum delivery quantity of this batch of goods is 1000 metric tons, and the minimum delivery quantity is 950 metric tons. The general practice of UCP500 is 5%, but this letter of credit stipulates the maximum amount, so we can't load more, only less. How much can be short-packed depends on the specific provisions of LZ L/C Reid and the nature of LZ export goods, such as agricultural products, clothing or chemical products.

Extended data:

Bills of exchange under letters of credit are divided into:

Documentary and clean letters of credit

(1) Documentary letter of credit is a letter of credit paid by documentary draft or only by documents. Documents here refer to documents representing the ownership of goods (such as ocean bills of lading, etc.) ), or documents proving that the goods have been delivered (such as railway waybill, air waybill, postal parcel receipt).

(2) A clean letter of credit is a letter of credit that pays by clean bill without shipping documents. Banks pay by clean letter of credit, and may also require beneficiaries to attach some non-freight documents, such as invoices and advance orders.

In the payment and settlement of international trade, most of them use documentary letters of credit.

Baidu encyclopedia-letter of credit