????The Uniform Customs and Practice for Documentary Credits, 2007 Revision, ICC Publication no. 600 (“UCP”) are rules that apply to any documentary credit (“credit”) (including, to the extent to which they may be applicable, any standby letter of credit) when the text of the credit expressly indicates that it is subject to these rules. They are binding on all parties thereto unless expressly modified or excluded by the credit.
????Beneficiary means the party in whose favour a credit is issued.
????受益人意指信用證中受益的一方。
????Complying presentation means a presentation that is in accordance with the terms and conditions of the credit, the applicable provisions of these rules and international standard banking practice.
????Confirmation means a definite undertaking of the confirming bank, in addition to that of the issuing bank, to honour or negotiate a complying presentation.
????保兌意指保兌行在開證行之外對于相符提示做出兌付或議付的確定承諾。
????Confirming bank means the bank that adds its confirmation to a credit upon the issuing bank’s authorization or request.
????保兌行意指應開證行的授權或請求對信用證加具保兌的銀行。
????Credit means any arrangement, however named or described, that is irrevocable and thereby constitutes a definite undertaking of the issuing bank to honour a complying presentation.
????a. to pay at sight if the credit is available by sight payment.
????b. to incur a deferred payment undertaking and pay at maturity if the credit is available by deferred payment.
????c. to accept a bill of exchange (“draft”) drawn by the beneficiary and pay at maturity if the credit is available by acceptance.
????兌付意指：
????a.對于即期付款信用證即期付款。
????b.對于延期付款信用證發(fā)出延期付款承諾并到期付款。
????c.對于承兌信用證承兌由受益人出具的匯票并到期付款。
????Issuing bank means the bank that issues a credit at the request of an applicant or on its own behalf.
????開證行意指應申請人要求或代表其自身開立信用證的銀行。
????Negotiation means the purchase by the nominated bank of drafts (drawn on a bank other than the nominated bank) and/or documents under a complying presentation, by advancing or agreeing to advance funds to the beneficiary on or before the banking day on which reimbursement is due to(to be paid the nominated bank.
