chaptr eight.pptVIP

Business English Correspondence 授课老师：张瑞娟 zhangruijuan0620@ Chapter Eight Terms of Payment Learning objectives ◆payment instruments ◆method of payment ◆language points- words, expressions and sentences Q1: What is the most common payment instrument in international trade? A. Check B. Draft / Bill of Exchange C. Promissory Note Q2: What type a draft can be classified into? 1. banker’s draft commercial draft 2. clean draft documentary draft 3.sight draft time draft ( usance / term draft) Q3: How many parties might be included during the usage of a draft? 1. Drawer 2. Drawee ( payer) 3. Payee 4. Acceptor 5. Endorser 6. Endorsee Q4: which kind of payment do you prefer if you are an exporter? Why? a. cash with order b. Cash payment before shipment c. Remittance ( M/T, T/T, D/D) d. Documentary Letter of Credit e. D/P at sight f. D/A g. Payment on arrival h. O/A Q5: How many parties will be included for a documentary collection? 1. principal 2. payer 3. remitting bank 4. collecting bank Specimen letters Letter 1 1. Render ( 给予,交纳,提供) Render sth to sb We are ready to render our services to you. 2. Acknowledge ( 告知收到) We have the pleasure to acknowledge your inquiry dated May 15. 3.Remit (汇款) According to the S/C No.269, the buyer shall remit one-third of the payment to the seller 30 days prior to the date of shipment. Letter 2 1. Be in arrears (拖欠) We’d like to remind you that your payment for the goods ordered on June 16 has been in arrears for quite a lone time. 2. Due a. 适当的、正当的、应有的、应得的 After due consideration, we have decided to change our terms of payment from D/P at sight to irrevocable L/C payable against sight draft . We have received your letter in due course. b. 到期 The draft will fall / is due on Apr. 15th. c. 欠的、当付的 That remittance is due (to) you in payment for the goods ordered last month. d.预定应到的、预期的、约定 This shipment is due to arrive early next month. Our representative’s flight is due at 4:30 p.m. on Friday this