国际贸易实务双语教程课件傅龙海 ISBN9787566300713 PPT七2011国贸双语Chapter 7.ppt

Tender Guarantee A tender guarantee means bank, insurance company or other involving party (guarantor) makes promise to beneficiary (tenderee), sometimes according to the instruction of the authorized bank by the guarantee applicant, that guarantor shall fulfill payment with the stipulated sum in case that applicant (tender) fails to fulfill the obligation resulted from his tender. Performance Guarantee A performance guarantee is a promise made by a guarantor, that a guarantor will make payment to beneficiary with the agreed sum in case that guarantee applicant (contractor) fails to fulfill the contract concluded by beneficiary (owner) and contractor. Repayment Guarantee Repayment guarantee is a guarantee issued by bank, insurance company or other involving party upon request the application of one party of a contract to the other party of a contract. It is stipulated in the repayment guarantee, that the bank is committed to making reimbursement in case that the applicant fails to fulfill the obligation agreed in the contract, not returning or repaying the deposit or paid amount to the beneficiary. Case Study Case 1 Case 2 Case 3 Case 4 Case 1: A Chinese exporter received one set of irrevocable L/C from abroad with the China branch of a foreign bank as the advising bank and confirming bank. After the shipment, at the time that the exporter was to present the shipment documents to the bank for negotiation, the exporter was suddenly notified by the foreign bank that the bank would not accept the negotiation of the documents and make payment since the issuing bank has declared bank corruption, but the foreign bank agreed to make collection against the buyer with the nomination of the exporter. What do you think of it? Please give an exploration in brief. Case 2: A Chinese exporter reached a contract with a UK buyer about some commodities in a large quantity in terms of CIF and irrevocable sight L/C payment, stipulating the shipment shall be effected in November