Unit payment.ppt

Unit 8 Payment Letters of Credit In international trade, there are three major modes of payment that the buyers may adopt, namely remittance, collection and letter of credit (L/C). Text A Payment 1. Remittance The payer (usually the buyer) remits a certain sum of money in accordance with the parties’ agreement to the payee (usually the seller) through a bank. Payer may remit the sum in the following manner: 是指汇款人（进口人）主动通过银行将款项交债权人或收款人。其所使用的支付工具，委托通知、汇票流动方向等与资金的流向相同，属于顺汇。 a). Mail Transfer (M/T)：信汇 b). Telegraphic Transfer (T/T)：电汇 c). Demand Draft (D/D)：票汇 This method of payment