Interational trade chapter3 part 2.ppt

Terms of payment in sales contracts “The buyers shall issue an irrevocable L/C at *** sight through American Bank in favor of the sellers prior to 30th APRIL, 2010 indicating L/C shall be valid in China through negotiation within 20 days after the shipment effected, the L/C must mention the Contract Number.” “Documents against acceptance: (D/A) The buyers shall duly accept the documentary draft made out to the buyers at 20 days after sight by the sellers. ” “The buyers shall pay 100% of the invoice value by T/T to the sellers not later than APRIL, 2010. ” 补充 An unconditional order: “Pay to ABC Co. providing the goods they supply are complied with contract the sum of one thousand US dollars.” ——invalid bill “如果ABC公司提供的货物符合合同，支付该公司金额1000美元。”——无效汇票 Promissory Note本票 (1) (5) (3) Promissory Note for U.S. $60,000.00 London, July 12.2007 (4) (2) At one month after date I promise to pay to the order of (7) (5) John Brown the sum of SIXTY THOUSAND U.S. DOLLARS Only. （8） Domingo Scott signature 怖寇讽缮砌摇哩镊狭但赋慎平灸剂铸构薄房夷侗承陇肘膝胜蹋膀送蝉梁档International trade chapter3 part 2International trade chapter3 part 2 Difference between a promissory note and a draft draft: drawer, drawee, payee promissory note: maker, payee 煮媳残吞妈榨喘掠洁枪琐淮汞间糊睁彬咆宏苫汲迄滁握耙畦黍纽亲挣贰赶International trade chapter3 part 2International trade chapter3 part 2 Check 支票 Check An unconditioned order in writing addressed by the customer (drawer) to a bank(drawee) to pay on demand a sum of money to or to the order of a named person or to bearer (payee) A check is always paid upon presentation (u