chapter6 terms of payment重点.pptVIP

Chapter 6 Payment Terms 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 mo