国际结算双语chapter5collection重点.pptVIP

Risks for exporter under documentary collection Exporter Apply docs . Remitting bank Collection order documents Collecting bank present importer 1Refuse or demand Price cut down 1. Refuse to pay or accept time draft on some small inadvertent infraction of the sales contract. 2. Demand deep cut down of price, or refuse to accept the goods. 3. A heavy storage charge, fire insurance, demurrage and great expenses and time delay if court action is taken. 2Additional costs if shipping back the returned goods Exporter Apply docs . Remitting bank Collection order documents Collecting bank Present for acceptance Importer Accept time bill Risks for exporter under term payment Docs 3Take delivery of goods with the documents Carrier 4Deliver goods 1,2 At the maturity of draft, importer refuses to pay 1Accepted bill 2Refuse to pay 3,4 The excuse might be defective quality and ask for cut down of price or not having foreign exchange approved by authority. Summary of possible reasons for dishonor Economic reasons：e.g. defective quality of goods, short of flowing capital, downturn of market, bankruptcy of importer,etc. 2. Political reasons: war, turbulence, foreign exchange control, having not got import license, etc. 3. The credit risk of importer (fraud) etc. Protection for exporter Exporter Exporting country Importer Importing country Credit investigation Financial credit and operational style of importer Market trend of importing country Whether import license or foreign exchange has been approved by relative authority. Whether political situation in importing country is steady Whether a case of need could be found once dishonor happens, who could help handle returned goods, e.g warehousing and insuring the goods, arranging shipment of returned goods, finding another buyer for exporter, etc. Exporter could find an agency (usu.banks) to aid the investigation. To buy export credit insurance at government agency(e.g. import/export bank).