First, set the guest inspection terms
In the L/C document clause, the fraudster often stipulates that the beneficiary must submit the inspection certificate issued by the issuer when negotiating. Since the other party can completely open the qualification inspection certificate under various excuses, the buyer can not obtain the amount of the letter of credit.
2. The signature of the authorized signatory is inconsistent with the signature of the bank.
The signature of the issuer requesting the commodity inspection certificate shall be consistent with the seal of the issuing bank. The reason for the other party seems to be sufficient, that is, to prevent the counterfeiting of the signatory from issuing the commodity inspection certificate. However, the root of this reason is not solid, because the bank's review is only based on the surface of the document in accordance with international practice, no need to judge the authenticity of the document.
Third, elaborate design and certification agencies
Increasing the difficulty of applying for a certificate makes it difficult for us to do it or it is difficult to apply for a certificate in time, and artificially cause dissatisfaction.
Because the issuer or the licensee applicant authorized to issue the inspection and verification this clause not only violates the third party of an independent trader, but also a qualified and authoritative inspection professional institution. The practice of enforcement, and also violates Article 4 of the Uniform Customs and Practice for Documentary Credits: “In the letter of credit business, the relevant parties deal with documents, not goods or services related to the documents.†Conventionally, the bank does not intervene in or buy or participate in the transaction. The above clauses, the signature of the representative authorized by the issuer must be confirmed by the Bank (issuing bank) or the advising bank, which means that the bank participates in the transaction and violates international trade practices.
Therefore, this clause may be that the applicant for the issuance of the card and the issuing bank colluded with one another and smashed the exporter. Assume that the goods delivered by the enterprise are in full agreement with the contract, and the representative authorized by the applicant for the issuance of the certificate also issues verification. As long as the applicant for the issuance of the card colludes with the bank and directs the bank to deny that the representative is approved by the bank, the enterprise cannot The bank received the payment. To this end, in order to protect the rights and interests of the exporters, the review of the terms of the letter of credit, especially the soft terms, should be strengthened so that problems can be discovered early, and the importer can promptly contact the issuing bank to send a letter or call to modify or delete the goods. And paving the way for safe and timely collection.
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