Latest Letter of Credit Operation Guide

Author: Gu Min
Publisher:
Publish Date: 2000-01-01
Features: This book focuses on the words "new" and "operation." In recent years, some new developments have emerged domestically, such as the restoration of the name "China People's Insurance Company" by "China Property and Casualty Company," and the merger of the National Commodity Inspection Bureau, the Animal and Plant Quarantine Bureau, and the Health Inspection Bureau into the National Entry-Exit Inspection and Quarantine Bureau. Internationally, trade relations have been established between China and three countries: Israel, South Korea, and South Africa. Hong Kong and Macau have successively returned to the motherland and become two special administrative regions. The spirit of these new changes is reflected in this book. Additionally, with the help of colleagues and the bureau, I have summarized my 30 years of experience and lessons in foreign economic and trade work, making this book more practical. The book provides a detailed introduction to the operational aspects of bank letters of credit, the operational aspects for beneficiaries and applicants of letters of credit, fraud and prevention in letters of credit, and the handling of difficult issues under documentary letters of credit. This book can serve as a reference for professionals working in foreign trade, transportation, banking, insurance, and other related fields, as well as for teaching and reference purposes for faculty and students of relevant institutions.