主讲教师夏夕美.ppt

Import Export Practices 主讲教师：夏夕美 1 Instruments of Payment Currency Bills Draft Promissory Note Cheque 2 Modes of Payment Remittance Collection L/C 3 Payment Clause in S/C Utilization of Various methods of Payment各种支付方式的运用 (一） Definition Remittance means that the buyer remits money to the seller through a bank on his own initiative. Remittance 1. T/T--Telegraphic Transfer （电汇）: telegraphic transfer is a method of transferring funds by telecommunication（电信）system such as telex or cable. (2) D/D-- Demand Draft （票汇）: the transfer can be made by a check that is sold to its customer by a bank instructing another branch/bank to pay upon demand a certain amount to the payee as specified on the check. this check is called a banker’s demand draft. M/T--Mail Transfer（信汇）: by mail to make the payment It is slow and has more paper work than DD. So it has almost been replaced by demand draft or telegraphic transfer. D/D Remittance is chiefly used for payment in advance, cash with order(订货时汇付), delivery first and payment afterwards（货到付款） for small quantity of goods, commission, sundry charges. *If it is used for payment in advance or cash with order, it will place the seller in an advantageous position. *If for delivery first and payment afterwards, it will place the buyer in an advantageous position. Collection （一）Definition Collection means that the exporter asks his bank to arrange for the acceptance or payment of the bill overseas, and the bank will carry his task through it’s own branch office abroad or a correspondent bank. Involved in collection Principal: This party is also called drawer. It is usually the seller, the creditor of the buyer. Payer: This party is also called drawee. It is usually the buyer, the debtor of the seller. Involved in collection Remitting bank: This is the bank in the seller’s country representing the seller. Collecting bank: This is the bank in the buyer’s country p