chapter6_terms_of_payment点解说.ppt

Chapter 7 Terms of Payment payment instruments—汇票、本票、支票 Payment terms—汇付、托收、信用证 Payment clauses Difficulty in payment of international transaction Reasons: 1) International transactions involve longer distance and more procedures. 2) Longer time is needed in settling an international payment. 3) different regulations and systems of law that are applied further complicate the payment. Payment instruments of international trade In international trade, payment can be made by various means: drafts promissory notes checks money orders credit cards 一、Draft/ Bill of Exchange （一）Definition It is an unconditional order in writing signed by one party (drawer) requesting a second party (drawee/payer) to make payment in lawful money immediately or at a determinable future time to a third party (payee). 汇票是由一个人 (drawer) 向另一个人签发的 (drawee) 无条件的 书面命令 要求受票人见票时或在未来某一规定的或可以确定的时间 (tenor) 将一定金额的款项支付给某一特定的人或其指定人，或持票人 (payee)。 （二）Parties involved 出票人 the drawer 受票人 the drawee, payer 收款人 the payee （三）Main items in a Bill of Exchange（《票据法》第22条） ◆ The word “Bill of Exchange” An unconditional order in writing A certain sum of money Time and place of payment Name of drawee/payer Name of payee Issue date Drawer’s name and signature Samples 汇票.xls No___________ Exchange for________Beijing, China,_______ At_____sight of the FIRST of exchange (the SECOND of the same tenor and date being unpaid), Pay to the order of__________________ The sum of_________________________ Drawn under_________________________ Value received and charge to account. To_____________ _____________ （四）Types of drafts 1.Different drawers Commercial Bill商业汇票 (If the drawer is a commercial firm/individual) Banker’s Bill银行汇票(if the drawer is the bank) 3.Time of payment Sight/demand bill即期汇票 Time/Usance bill远期汇票 According to tenor, a bill of exchange may either be pai