14.2.4　Making Payment付款赎单

As the contract is settled by an L/C,once the goods are loaded on board the ship,the exporter may negotiate payment with one of his/her local banks against a complying presentation of documents you require.The documents are subsequently transferred by the negotiating bank to the issuing bank(sometimes a paying bank nominated by the issuing bank)which then examines them.If no discrepancy is found,the issuing bank reimburses the negotiating bank.Finally,you will be asked to pay the issuing bank in order to obtain the documents.

When payment is by collection,the documents are forwarded to you by the banks against payment or acceptance,but neither the remitting bank on the exporter’s side nor the collecting bank on your side is responsible for examining the documents—you must examine them on your own,with special care.If the documents turn out to be not in conformity with the contract,your options available may include postponing the payment or refusing to pay for or accept the cargo.Whichever your decision is,you must have sound reasons and evidences and inform the exporter through the banks without delay.