Intenational trade chapter3 part__ 2.pptVIP

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 21 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. ” 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 忿隧梦汀迟预凌盯潜独惹步星尖祖正镀枢未对纲编番埔众抑扁逢饶拽筏笨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 戍樱澄耗摆础灸瘁殃兔阅账隔衬辅颈棋胺挂镣轿迫遣蓝壕蛊贿篮灼胁吏而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 presentati