Chapter 4 Bill of Exchange.pptVIP

English Documenting for Foreign TradeChapter 4Bill of Exchange Bill of Exchange 定义： 出票人签发的命令付款人在见票时或者在指定时期内无条件支付确定金额给收款人或持票人的依据。 B/E is a unconditioned written payment order drawn by the creditor to the debtor, demanding payment of a sum from the debtor to or to order of the bona fide holders at sight or in due course. Two originals of the B/E 一般汇票有两份正本，同等效力。 原则是付一不付二，付二不付一 To avoid missing, two originals with the same validity, First Exchange and Second Exchange are drawn. When the first one comes into effect, the second one becomes invalid by itself. Commercial Bill of Exchange is often used in transactions by L/C. Contents or items of a B/E According to Geneva Uniform Law, a B/E should contain: 1. Words of ‘Bill of Exchange’ （必须写明汇票字样） 2. Currency and amount in both words and digitals （必须有大写和小写的货币名称和金额） 3. Date and place of drawing（必须有出票的日期和地点） 4. Words like ‘pay to the order of’ stating unconditioned payment order （必须有适当的文句表明为无条件的支付命令） 5. The time limit for payment （必须有付款期限） 6. The name of the payee （必须有收款人的名称） 7. The name and address of the payer / drawee （必须有受票人或付款人的名称和地址） 8. The name and signature / stamp of the drawer （必须有出票人的名称和签字或盖章） 9. The drawn under clause （必须有出票条款） A sample for a B/E Make out a draft according to the following 1. Issuing bank: Societe General Paris, France. 2. L/C No: 7081 dated April 1st, 2004 3. L/C Amount: USD 9,996.00 4. Applicant: A NAVY CO. Hamburge. 5. Advising Bank: Bank of China 6. Beneficiary: China National Textiles Imp. Exp. Corp. 7. Expiry date: May 31, 2004 8. B/L dated May 5, 2004 9. Beneficiary’s draft at sight drawn on the issuing bank and pay to the order of Bank of China. 10. Quantity of goods: 15,000 Kilos net, unit price USD 680.00 per 1,000 Kilo. 11. Invoice No: 04097 Making out of the B/E 1. The amount of exchange(汇票金额) 1)With the definite figures and currency When the L/C stipulates: Draft for 100% of invoice value, Drafts cov