Fourth, discernment of soft clause of letter of credit
The key of taking precautions against the soft clause of the letter of credit lies in setting up a set of effectual discernment standards, used for, examine letter of credit have which type is soft clause, soft clause, what influence of intensity beneficiary have to us jointly, determine which kind of corresponding protective measure to take with this. I think, based on the procedure of circulating of all right export trade, discern letter of credit soft standard of clause divide into letter of credit come into force link, goods examine link, goods ship link and loan thing confirm links 4 big classes.
(1) the links of coming into force of the letter of credit
According to the normal situation, the letter of credit that the beneficiary received should be the letter of credit that the sixth of the twelve Earthly Branches came into force, in this way the beneficiary could rest assured to plan to deliver. But have one letter of credit soft clause whether letter of credit come to stipulate wouldn't come into force, sample open an letter of credit applicant notify and come into force confirm, or notify and come into force after the import license is issued by the time, or sign and issue the notice by issuing bank, come into force. No matter what a change this kind of soft clause form is, their essence is some: Letter of credit must in meet, open an letter of credit some terms that applicant get out of just come into force. In this way, open an letter of credit applicant at all know the initiative of the letter of credit.This kind of situation generally takes place and opens an letter of credit and applies for to the intermediate trader not very rich of the artificial capability, among them most apt to confuse we clause of beneficiary to open an letter of credit applicant examine goods just tell the letter of credit to come into force after being sample qualified. Because we beneficiary think oneself send sample to accord with the quality requirement according to contract regulation already, so start and plan to deliver actively. Even if sample and quality requirement that contract stipulate totally identical, open an letter of credit applicant refuse to send the notice of coming into force because of turn of the market, the letter of credit of our benefited hand is still meaningless.
(2) goods examine links
This link is one of links apts to present the most of soft clause of a letter of credit. The general letter of credit stipulates that examines the inspection certificate that the organization provides as the negotiable document with seller's country, however, this kind of soft clause stipulates: Quality certificate open an letter of credit applicant provide, must verify by issuing bank, or need be in conformity with kind that the issuing bank file. In this way, the quality certificate ability that the applicant provides or has the concurrence of it, as the negotiable document that only open an letter of credit, equal to to applicants accepting the initiatives of the goodsing, have violated the normal international trade procedure.Soft clause this kind of often with open an letter of credit applicant attempt, swindle performance bond that beneficiary prepay or open an letter of credit deposit have something to do. Open an letter of credit once applicant receive described above to prepay fund, nitpick willfully to goods quality, refuse to issue the quality certificate, or claim the quality certificate which we provided does not accord with the issuing bank to store the sample of kind, achieve the goal of swindling finally. This kind of soft clause is often found in our country's practice.
For example, the contract that one foreign trade Company in Jilin Province signed with one enterprise-like corporation in New York of U.S.A. the river cobble of exporting to of August of 1992. Stipulate in the contract Chinese side must pay performance bond of 250,000 yuan to American side first. September, letter of credit that American side come require, examine goods by buyer (turn on, let applicant) to the port, sign quality inspection to prove. Later, American side refused to send someone to examine constantly, caused the letter of credit to exceed the time limit, caused more than 400,000 yuan of direct loss to Chinese company.
(3) the link that goods are shippeds
Open an letter of credit applicant ship link make a fuss, stipulate all kinds of soft clauses to this link in goods often. Common several kinds are as follows, 1)stipulate port of shipment, ship date or destination port must open an letter of credit applicant notify or need get the permission of it, and notify in the form of revising the book; 2)Stipulate ship Company, name of vessel must open an letter of credit applicant appoint; 3)Stipulate the benefited side only obtains and opens an letter of credit the applicant refers to. Examine goods behind the shipping note that people issue shipping definitely;4)Stipulate beneficiaries must offer and must install the appointed ship to appoint in ship bill of lading or goods which companies provides. The soft clause make, open an letter of credit applicant grasp goods ship, when ship. The initiative, make our beneficiary sink into a dilemma: On one hand it plan, deliver, on the other hand also unable to grasp, deliver " date, may cause the letter of credit to exceed the time limit at any time.
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