Letter of CreditL/Ccredit

Applicant, accountee, opener, accreditor, account partyOpening bank, issuing bank, grantor, issuerBeneficiary, accreditee, addressee, shipper, favoreeAdvising bank, notifying bank, transmitting bankNegotiating bank

re-negotiating bank(renegotiation)Paying bank drawee bank, Reimbursing bank claiming bank

Confirming bank, Transferee, Second beneficiary

Transferring bank

UCP eUCP eUCP

UCP ISBP UCP

UCP 600eUCP 1.1ISBP(ICC)(ICC)(ICC) UCP eUCP UCP

(confirmed L/C)(unconfirmed L/C)

(transferable credit)(nontransferable credit)

UCP 60038transferableTransferable

(sight credit)

time, usance acceptance draft ( usance credit )

(deferred payment credit)

()

( Sellers usance credit)

(buyer's usance credit)

(negotiation credit)

(straight credit)(domiciled credit)

specialrestricted credit

general open freely negotiable credit

() ()

(documentary credit)

(clean credit)

(mail credit)

( teletransmitted credit) (teletransmission) (cable)(telegram)(SWIFT)

SWIFTSWIFT (Society for Worldwide Interbank Financial Telecommunication)

(backtoback credit)

(local credit)

Original Credit, Master CreditPrimary Credit

Secondary Credit, SubCredit, Subsidiary CreditAncillary Credit

(standby credit) (ISP98)

Swift

()()

(Cable Negotiation)

(Irrevocable L/C)

UCP600

5/20 5/25 ----- 5/20 5/25 -----

About, approximately 10%1.2.3. 5%1.2.

Original, Duplicate, Triplicate, Quadruplicate, Quintuplicate Transferable

L/C