Driven by interests, the importer will take advantage of the seriousness of the contract and the strictness of the letter of credit to increase the additional clause, so as to cause the other party difficulties in the performance of the contract. For example, add vague terms, add clauses that are in conflict with the contract, deliberately add errors, etc.
As l/c is the key to contract execution and payment, it is easy to be used by the importer to achieve its own purpose. The most common is to use the expired letter of credit to defraud the goods of the other party. At this time, the exporter can only rely on professionals or Banks to screen them.
Import l/c through illegal means to get bank of blank, or illegally manufacturing methods such as malicious collusion with the bank clerk false l/c to the exporter, the exporter if negligence did not find, will cause a great loss.
If did not delivery, increasingly, in terms of the contract, the date of shipment samples approved by inspection and so on to make clear a regulation, especially the provisions of the above date need to be further notice in order to carry out, is most likely because the notice less or no notice and lead to the final deal abortion, cause huge losses to the seller.
Whether it is international trade or domestic trade, the credibility of both parties is of vital importance. The credibility of both parties directly affects the security of bilateral trade. For both sides, to protect their legal interests in the process of trading and not easy to sign the contract and should be in advance of each other's basic situation investigation, to get to know each other whether have good reputation, especially if there is a default behavior. Only when the other party has a good reputation can the contract be signed and the specific transaction be carried out.
In international trade due to differences in goods specifications or types of transactions, the bank in the letter of credit? _ process differ, the trade both parties based on protect the interests of both sides, and the purpose of the largest extent, reduce the risk of trading shall apply raw bank according to the actual circumstances of the actual transaction puts forward specific requirements to all kinds of certificate, and requires both parties to strictly carry out. At the same time, the buyer may also require the seller to provide the certificate issued by the professional quality inspection authorities on the interim delivery of documents to protect its own interests.
For the buyer, the seller's falsification of the documents is a common occurrence, and if the inspection fails, the loss will be large. On the contrary, for the seller, the buyer may also cheat on the documents or certificates, and the loss is also huge. Therefore, for both parties, the following two points should be achieved in the transaction process: first, strictly follow the contract and formulate various documents; Secondly, strict inspection of all kinds of information in documents is carried out according to the content of the contract and the actual transaction situation, so as to avoid the discovery of false documents. Finally, if there is any fraud
