函电课件5.pptVIP

Unit 7 Payment and Settlement of accounts 1.????? Terms of payment (1)?? Remittance ---T/T (Telegraphic Transfer) ---M/T (Mail Transfer) ---D/D (Demand Draft) (2)?? Collection ----D/P (Document against Payment) ----D/A (Document against Acceptance) (3) Letter of Credit ----What is L/C? ----Types of L/C Documentary L/C; Irrevocable L/C; Confirmed; Sight/Usance; Transferable; Revolving; Reciprocal; Back to Back; anticipatory; Standby; ----Parties in the L/C 1.contract 5.shipment 2 8