chapter four collection.ppt

Chapter Four Means of International Settlement------Collection In this chapter, you will learn Definition Parties of collection Types of collection Procedure of collection Risk protection and financing under 4.1 Definition托收定义 4.1 Definition托收定义 4.1 Definition托收定义 II. URC522 Art.2 collections means the handling by banks, on instructions received, of documents, in order to: 1) obtain acceptance and/or payment; 2) deliver commercial documents against acceptance or payment; 3) deliver documents on other terms and conditions. 4.2 Parties to Collection托收的当事人 1. The principal (seller/exporter/drawer) 委托人（卖方/出口商/出票人） 2. The remitting (principal’s/seller’s/exporter’s)bank 托收行（委托人/卖方/出口商的银行） 3. The collecting bank or presenting bank 代收行或提示行 4. The drawee ( buyer/importer) 受票人（买方/进口商） 5. Representative in case of need 需要时的代理人 4.2 Parties to Collection托收的当事人 URC522 Art.3 4.3 Procedure of collection托收流程 4.3 Procedure of collection托收流程 Application for Collection/Collection Order 托收委托书 Collection Instruction 托收指示书 4.3 Procedure of collection托收流程 Conclusion： Bankers are not obligation for cargo，funds and documents.(银行三不管) Collection is still based on commercial credit instead of bank credit and the banks act only as a collector of funds under a transaction and provide a channel to transfer funds between the buyer and the seller 4.4 Types of collection托收类型 1. In terms of documents related 4.4 Types of collection托收类型 4.4 Types of collection托收类型 4.4 Types of collection托收类型 4.4 Types of collection托收类型 2. In terms of release of documents 交单条件不同 4.4 Types of collection托收类型 Procedure for D/P at sight 4.4 Types of collection托收类型 Procedure for D/P at …..days after sight 4.4 Types of collection托收类型 Procedure for D/A 4.4 Types of collection托收类型 documents against other terms and conditions Delivery of documents against partial payment “Delivery of documents against