According to the customs,by the end of 2011,the whole value of Chinese foreign trade is two thousand nine hundred and ninety four billion dollars,by the end of 2009,5 percents of the accounts of Chinese foreign trade ...According to the customs,by the end of 2011,the whole value of Chinese foreign trade is two thousand nine hundred and ninety four billion dollars,by the end of 2009,5 percents of the accounts of Chinese foreign trade with a value of fifty hundred billion dollars are unpaid.Most of the financial loss are caused by wrong translation of documents.The letter of credit is the most important way of payment in the international trade,so great attention should be paid to the translation of this type of document.Until now,the study against the translation of the letter of credit is scant.This paper will apply the skopos theory put forward by Hans Vermeer and developed in Germany in the late 1970s to guide the translation practice of the letter of credit.展开更多
Letter of Credit （L/C） is a payment method offered by bank for settling the foreign trade. The existence of L/C is a means capable of providing guarantee for the interests of the sellers and buyers. In the event of ...Letter of Credit （L/C） is a payment method offered by bank for settling the foreign trade. The existence of L/C is a means capable of providing guarantee for the interests of the sellers and buyers. In the event of default by either party, either the seller or the buyer, the bank as the L/C issuer will provide payment guarantee for the seller or the waiver of payment for the buyer. The bank’s risk in issuing the L/C is regarding with the weakness of L/C. In Article 5 of UCP 600, it is emphasized that in transactions using L/C, banks deal only with documents, not dealing with goods, or other implementation. In Article 14a of UCP 600 it is affirmed that the L/C payments are based on the suitability between the L/C requirements and the submitted documents viewed under “on their face”. The bank authority as the guarantor which only deals with the documents in making payments causing the L/C instrument is often used in fraud against the bank. Many banking fraud cases that occur in Indonesia take advantage of L/C weakness. This paper will discuss the occurrence of criminal acts in the banking by exploiting weaknesses in the L/C that makes the bank as a victim. In addition, this paper aims to explain the effort to overcome the criminal acts that occurred at the issuing bank as a victim by using L/C. The discussion in this paper emphasized the application of laws and regulations applicable to indict the perpetrators of criminal acts in the banking sector by exploiting weaknesses of L/C. Aspects of the discussion of a criminal offense are based on the Act No. 10 of 1998 concerning banking, and under the provisions of the Criminal Code.展开更多
The soft clause of the letter of credit(L/C)is a very difficult problem in international trade practice.Starting with the causes of the soft clause of L/C,this paper analyzes the methods of recognization and preventiv...The soft clause of the letter of credit(L/C)is a very difficult problem in international trade practice.Starting with the causes of the soft clause of L/C,this paper analyzes the methods of recognization and preventive measures,Providing knowledge and skills reserve for international trade students which entering the workplace.展开更多
In international trade, one of the major things is how to protect benefits and implement obligations of seller and buyer, more concerns are than domestic businesses. As a result, solutions for facilitate and ensure ob...In international trade, one of the major things is how to protect benefits and implement obligations of seller and buyer, more concerns are than domestic businesses. As a result, solutions for facilitate and ensure obligations are undeniable necessity. By the nature, Letter of credit balance risk for both seller and buyer sides, protect the benefits and ensure obligations. Letter of credit plays a very important role in international trade.展开更多
文摘According to the customs,by the end of 2011,the whole value of Chinese foreign trade is two thousand nine hundred and ninety four billion dollars,by the end of 2009,5 percents of the accounts of Chinese foreign trade with a value of fifty hundred billion dollars are unpaid.Most of the financial loss are caused by wrong translation of documents.The letter of credit is the most important way of payment in the international trade,so great attention should be paid to the translation of this type of document.Until now,the study against the translation of the letter of credit is scant.This paper will apply the skopos theory put forward by Hans Vermeer and developed in Germany in the late 1970s to guide the translation practice of the letter of credit.
文摘Letter of Credit （L/C） is a payment method offered by bank for settling the foreign trade. The existence of L/C is a means capable of providing guarantee for the interests of the sellers and buyers. In the event of default by either party, either the seller or the buyer, the bank as the L/C issuer will provide payment guarantee for the seller or the waiver of payment for the buyer. The bank’s risk in issuing the L/C is regarding with the weakness of L/C. In Article 5 of UCP 600, it is emphasized that in transactions using L/C, banks deal only with documents, not dealing with goods, or other implementation. In Article 14a of UCP 600 it is affirmed that the L/C payments are based on the suitability between the L/C requirements and the submitted documents viewed under “on their face”. The bank authority as the guarantor which only deals with the documents in making payments causing the L/C instrument is often used in fraud against the bank. Many banking fraud cases that occur in Indonesia take advantage of L/C weakness. This paper will discuss the occurrence of criminal acts in the banking by exploiting weaknesses in the L/C that makes the bank as a victim. In addition, this paper aims to explain the effort to overcome the criminal acts that occurred at the issuing bank as a victim by using L/C. The discussion in this paper emphasized the application of laws and regulations applicable to indict the perpetrators of criminal acts in the banking sector by exploiting weaknesses of L/C. Aspects of the discussion of a criminal offense are based on the Act No. 10 of 1998 concerning banking, and under the provisions of the Criminal Code.
文摘The soft clause of the letter of credit(L/C)is a very difficult problem in international trade practice.Starting with the causes of the soft clause of L/C,this paper analyzes the methods of recognization and preventive measures,Providing knowledge and skills reserve for international trade students which entering the workplace.
文摘In international trade, one of the major things is how to protect benefits and implement obligations of seller and buyer, more concerns are than domestic businesses. As a result, solutions for facilitate and ensure obligations are undeniable necessity. By the nature, Letter of credit balance risk for both seller and buyer sides, protect the benefits and ensure obligations. Letter of credit plays a very important role in international trade.
