Bill_f_exchange.pptVIP

Contents: the definition of bill of exchange the essentials of bill of exchange parties and acts Language Points ： draft / bill of exchange 汇票 drawer 出票人 drawee受票人/payer付款人 payee收款人 bearer持票人 honour 付款 dishonor 拒付 banker’s draft 银行汇票 commercial draft 商业汇票 documentary draft 跟单汇票 clean draft 光票 sight draft 即期汇票 time draft / term draft / usance bill 远期汇票 negotiable instrument流通工具 5.1 Bill of Exchange 1、Definition According to the Bills of Exchange Act, a bill of exchange is “an unconditional order in writing, addressed by one party (drawer) to another (drawee), signed by the person giving it, requiring the party to whom it is addressed to pay on demand or at a fixed or determinable future time a sum certain in money to or to the order of a specified person or to bearer.” 一人向另一人签发的，要求他在即期或定期或可以确定的将来时间向某人或某指定人或执票来人，无条件支付一定金额的书面命令。 汇票式样及要项 5.2 The Essentials of a Bill ①the word “exchange” To distinguish a bill from other kinds of credit instruments such as promissory notes or cheques. For example: “Exchange for US $ 100,000.00.” ② unconditional order to pay 1.The bill must be an order which requires the payment instruction be expressed in an imperative sentence. Pay to A Company or order the sum of five thousand pounds only.—— 有效汇票 I should be pleased if you pay to the order of B Company the sum of five thousand pounds only. ——无效汇票 continued---- The components of a bill 2. The instrument must be made unconditional at the time of drawing. Pay to ABC Company or order the sum of five thousand pounds only providing the goods supplied in compliance with contract …——无效汇票 Pay to ABC Company or order the sum of five thousand pounds from our account No.1 with you …——无效汇票 3. The bill must be in writing. ③Addressed by one person to another a drawer+ a drawee (in full name) “The bill is drawn by us on ourselves payable to them” The components of a bill ⑤Payee Usually three kinds of writings: a.?????? restrictive order Make out“pay xxx company