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Updated on November 20, 2008

International Trade Finance

Hubpages complains -in my case at least about foreign language material. So here is the Englisch part and below is the translation.

It sounds a little complicated and here someone complaines that it is incomprehensible.

nevertheless it is important and here an intern tells that after a few days at her internship in Florence, she is being introduced to international trade finance.

international Trade Finance tackels the question how to finance the exchange of goods and services in cross-border transactions. This particularly concerns the question how international payment obligations are collateralized and secured.

When dealing with international contracts (here you can find a checklist) you have to ask yourself:

What assets are available as collateral ? Which law will be applied to the contract ? Which payment options are available ?

In international trade, various payment mechanisms exist, the most common are documetary credit and documentary collection.

Documentary credit and documentary collection have in common that the seller will be paid by the bank upon presentation of documents.

The Letter of credit is governed by the Uniform Customs and Practices issued by the international chamber of commerce (Paris) ("USP 600").

The particularity of the letter of credit is that the payment obligation of the bank is independent of the underlying transaction. Absent fraud, a buyer cannot enjoin the bank from paying the seller under an LC.

The bank, when examining the documents presented by the seller/beneficiary, does not concern itself whether the documents represent goods that are contractually compliant; rather the bank will only examine the documents to determine whether they comply with their description under the letter of credit.

Letters of credit are not only a fascinating subject, but also the engine of international trade.

More information you can find at the Letter of credit forum.


Klingt etwas kompliziert und hier beklagt sich jemand, dass das alles unverstaendlich sei. Nichtsdestotrotz wichtig ! Bereits nach wenigen Tagen, wird der Praktikant (in Florenz) in die Feinheiten des Aussenhandels eingeweiht.

Aussenhandelsfinanzierung beschaeftigt sich mit dem Thema, wie der grenzüberschreitenden Austausch von Gütern oder Kapital finanziert werden kann. Dies betrifft insbesondere die Frage, wie Zahlungsverpflichtungen international abgesichert werden koennen.

Auslaendische Liefervertraege (hier eine Checklist) listet unter den Problemen, die beruecksichtigt werden muessen unter anderem:

Welche Sicherheiten können gestellt werden? Welches Recht sollte gewählt werden? Welche Zahlungsvarianten gibt es? Im Internationalen Handel gibt es mehrere Moeglichkeiten der Zahlungsabwicklung, die gebraeuchlichsten sind dabei das Dokumenteninkasso und das Akkreditiv.

Dokumenteninkasso und Akkreditiv haben gemein, dass der Exporteur von der Bank bezahlt wird sobald er detailliert beschriebene Dokumente bei der vorgeschriebenen Bank einreicht.

Das Akkreditiv wird nach den Regeln der Internationalen Handelskammer (Paris) abgewickelt, die Einheitliche Richtlinien fuer Akkreditive herausgegeben hat ("ERA 600").

Das Besondere am Akkreditiv ist, dass die Zahlungsverpflichtung der Bank unabhaengig vom Grundgeschaeft ist. Das heisst, dass Produktfehler etc. nicht dazu fuehren, dass die Bank ihrer Zahlungsverpflichtung nicht nachkommen muss. Dies geschieht nur im Falle des Betruges.

Die Bank prueft auch gar nicht, ob die Waren vertragsgemaess sind, sonder zahlt sofern die vorgelegten Dokumente, den Akkreditivbestimmungen entsprechen. Akkreditive sind nicht nur ein faszinierendes Thema, sondern auch der Motor des internationalen Warenverkehrs.

Mehr Informationen koennen sie hier finden (ein kostenloses Forum, in dem alle ihre Fragen beantwortet werden.International Trade Finance.



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