chapter4Collection课题.pptVIP

Chapter four Collection;4.1 An Overview of Collection ; URC522 Art.2 collections means the handling by banks, on instructions received, of documents, in order to: 1)obtain acceptance and/or payment; 2)deliver commercial documents against acceptance or payment; 3)deliver documents on other terms and conditions. ;4.1.1 Definition of collection Collection is an arrangement whereby the seller draws a draft on the buyer , and /or shipping documents are forwarded to his bank, authorizing it to collect the money from the buyer through its correspondent bank .;4.1.1