首页
登录
职称英语
A Red Clause Documentary Credit is a Documentary Credit with a special condi
A Red Clause Documentary Credit is a Documentary Credit with a special condi
游客
2025-06-21
23
管理
问题
A Red Clause Documentary Credit is a Documentary Credit with a special condition incorporated into it that authorizes the Confirming Bank or any other Nominated Bank to make advances to the Beneficiary before presentation of the documents.
The clause is incorporated at the specific request of the Applicant, and the wording is de- pendent upon his requirements. The Red Clause Documentary Credit is so called because the clause was originally written in red ink to draw attention to the unique nature of this Documentary Credit. The clause specifies the amount of the advance authorized, which, in some in- stances, may be for the full amount of the Documentary Credit.
The Red Clause Documentary Credit is often used as a method of providing the seller with funds prior to shipment. Therefore, it is of value to middlemen and dealers in areas of commerce that require to a form of pre - financing and when a buyer would be willing to make special concessions of this nature.
For example, it could be used by a wool importer in England to enable a wool shipper in Australia to obtain funds to pay the actual suppliers (either by direct purchase or through the wool auctions) by obtaining a loan from the Australian bank, either on an unsecured basis or against the security of interim documents. This would enable repayment of the loan, plus interest, from the proceeds due to the Australian Beneficiary when the wool was shipped and documents were presented in accordance with the terms of the Documentary Credit. If, however, the Beneficiary failed to ship the wool so as to repay the loan by presenting documents called for by the Documentary Credit, the Australian bank would have the right to demand repayment, with interest, from the Issuing Bank and that bank would have a similar right of recourse against the Applicant.
This kind of arrangement places the onus of final repayment on the applicant, who would be liable for repayment of the advances if the Beneficiary failed to present the documents called for under the Documentary Credit, and who would also be liable for all costs--such as interest or foreign exchange hedging-- incurred by the Issuing Bank, the Confirming Bank, if any, or any other Nominated Bank. [br] Why was the Red Clause Documentary Credit written in red ink?
选项
A、Because it can analyse the nature of the Documentary Credit.
B、Because it has the effect of the Documentary Credit.
C、Because it can draw attention to the unique nature of the Documentary Credit.
D、Because it can make people believe the nature of the Documentary.
答案
C
解析
转载请注明原文地址:http://tihaiku.com/zcyy/4128149.html
相关试题推荐
ARedClauseDocumentaryCreditisaDocumentaryCreditwithaspecialcondi
Investmentbanksare______.A、banksthatspecializeinthemanagementofwealthy
Aconsumerwithanunusedlineofcreditonhisorhercreditcardaccountm
Aconsumerwithanunusedlineofcreditonhisorhercreditcardaccountm
Aconsumerwithanunusedlineofcreditonhisorhercreditcardaccountm
CreditandcredibilityInpursuitofanewsourceofp
Mr.Harris’sapplicationforaloanwasapprovedbecauseheis______.A、creditwo
AchequepayabletoABCCompanyiscreditedtothepersonalaccountofMr.Gao.
Acreditcardisaplasticcard(oritsequivalent)tobeuseduponpresenta
Acreditcardisaplasticcard(oritsequivalent)tobeuseduponpresenta
随机试题
Facingthedanger,theywerequite______themselves.A、incaseofB、innameofC、i
Tosurviveintheintensetradecompetitionbetweencountries,wemust______the
"Opinion"isawordthatisusedcarelesslytoday.Itisusedtorefertoma
Whenyoubuysomethingandpayforitwithbillsorcoins,youarepaying【B1
MostAmericansconsiderthemselvesfriendlypeople.FolksinthesouthernUn
终身教育对学习型社会建立的意义。
A.GFR25~50ml/min B.血肌酐176~442μmol/L C.
急诊药品处方的颜色是A.淡红色B.白色C.淡黄色D.淡绿色E.淡蓝色
葡萄胎患者术后避孕的最佳方法是A.针剂避孕药 B.宫内节孕器避孕 C.口服避
关于生产经营单位的法律责任,下列说法错误的是()。A.发生一般事故的,处二十万
最新回复
(
0
)