A

abusive draw 137

acceptance 38, 40, 41, 43, 52, 56, 57, 76, 88, 90, 137, 138, 141,

142, 146, 147

accessory guarantee 137, 140, 141, 145

account party 137

advance payment 137, 138

advising bank 45, 52, 137, 140

air waybill 137

applicant 7, 43, 44, 45, 51, 56, 65, 67, 68, 69, 70, 72, 75, 86,

137, 141, 148

approval, documents sent on 137

assignment of proceeds 138

aval 35, 36, 138

B

B/A 138

B/L 138

beneficiary 7, 43, 44, 45, 46, 47, 49, 51, 52, 56, 57, 59, 60, 65,

66, 67, 68, 69, 70, 71, 72, 75, 77, 79, 80, 81, 82, 84,

85, 86, 88, 89, 93, 137, 138, 140, 141, 143, 144,

145, 147, 148

bid bond 138

bill of exchange 38, 138, 139, 142. See draft

bill of lading 138, 139, 140, 145, 146

bond 90, 137, 138, 146

C

carrier 16, 19, 20, 21, 38, 39, 41, 44, 48, 77, 138, 139, 143,

144, 145, 146

cash against documents 138, 139, 142

collecting bank 28, 40, 42, 140, 142

combined transport 38, 75, 77, 140, 145

commercial letter of credit 9, 10, 15, 42, 43, 94, 140, 142, 143, 144, 148

commercial risk 140, 141

confirmed letter of credit 140

confirming bank 8, 10, 46, 60, 138, 140, 148

consignee 21, 39, 138, 140

consignment 140, 147

contract guarantee 137, 140

contract risk 140, 141

country risk 141

credit risk 9, 36, 48, 59, 141, 143#], 149

cumulative revolving letter of credit 141, 146, 147

D

D/A 38, 41, 141

D/P 38, 40, 141

deferred payment 52, 56, 57, 89, 90, 141

deferred reimbursement 141

demand guarantee 137, 141, 144, 145, 146

direct collection 141

discrepancies 47, 48, 57, 67, 68, 69, 70, 137, 139, 142, 146, 147

dishonour 10, 40, 42, 45, 47, 48, 67, 68, 69, 70, 142

documentary credit 7, 8, 9, 10, 11, 15, 16, 17, 18, 20, 21, 38, 43, 45, 48,

49, 50, 51, 60, 65, 66, 67, 81, 88, 93, 142

documentary draft collection 142

documentary letter of credit See documentary credit

documents against payment 38, 40, 139, 141, 142

draft 10, 17, 18, 21, 28, 29, 36, 38, 39, 40, 41, 42, 44, 46,

49, 56, 57, 65, 75, 76, 77, 80, 82, 88, 89, 137, 138

139, 140, 141, 142, 147, 148, 149. See also bill of

exchange

drawee 10, 28, 39, 88, 138, 139, 142, 147, 149

E

eUCP 66, 142

evergreen letter of credit 143

expiry date 143

export letter of credit 143, 144

export management consultant 142, 143

export trading company 142, 143

F

factoring 143

financing risk 141, 143

forfait 36, 143

forwarder’s cargo receipt 143

freely available letter of credit 144

freight forwarder 20, 21, 47, 143, 144

full set 144

I

import letter of credit 143, 144

independent guarantee 141, 144

instalment letter of credit 144

International Standard Banking Practice 11, 59, 144

International Standby Practices 144

irrevocable letter of credit 144

ISP98 144

issuing bank 10, 42, 44, 45, 46, 47, 48, 49, 60, 68, 70, 75, 80,

137, 139, 143, 144, 145, 147, 148

L

letter of guarantee 145

LIBOR 138, 145

M

multimodal transport document See combined transport document

N

negotiable 28, 38, 39, 41, 42, 56, 65, 75, 77, 88, 89, 90, 138,

142, 143, 145, 148, 149

negotiate 40, 52, 56, 57, 60, 82, 145, 146, 148

negotiating bank 57, 139, 146, 147

notify party 146

O

ocean bill of lading 145

P

payment terms 38, 146, 148

performance bond 138

political risk 8, 9, 141, 146

pre-export financing 147

presenting bank 40, 41, 69, 139, 142, 147

principal 147

progress payment 147

protest 147

R

reimbursing bank 72, 147

remitting bank 25, 39, 40, 41, 140, 147

revocable letter of credit 147

revolving letter of credit 141, 146, 147

S

shipper’s indemnity 147

shipping terms 84, 147, 148

sight 28, 36, 39, 40, 41, 42, 56, 140, 141, 142, 146, 148

silent confirmation 60, 148

standby letter of credit 137, 138, 143, 146, 148

supplier financing 148

T

tenor 148

time draft 28, 76, 88

trade terms 148

transfer risk 141, 148

transferable letter of credit 148

transport document 17, 18, 20, 21, 38, 39, 44, 46, 47, 48, 65, 68, 75, 77,

85, 86

U

UCC See Uniform Commercial Code

UCP 1, 7, 10, 11, 15, 16, 17, 18, 45, 46, 47, 52, 55, 57,

59, 60, 65, 66, 67, 69, 70, 71, 79, 84, 142, 144, 146,

147, 149

unconfirmed letter of credit 149

Uniform Commercial Code 148, 149

Uniform Customs and Practice for Documentary Credits See UCP

Uniform Rules for Collections 149

W

without recourse 36, 40, 57, 60, 140, 143, 145, 146, 148, 149