国际贸易英语信用证letter of credit.pptVIP

Unit 4 Execution of the Contract Terms of Payment: L/C※ Collection (D/P and D/A) ※ Remittance ※ Open account Cash in advance Terms of Payment: Collection: 托收 The exporter authorizes the bank to collect the money from the importer. 出口人委托银行向进口人收取货款 D/P: documents against payment 付款交单 D/A：documents against acceptance 承兑交单 Terms of Payment: Remittance 汇付 The buyer himself remits money to the seller through b/c. Mail transfer 信汇 Telegraphic transfer 电汇 Demand transfer 票汇 Note: Only when the transactions are very small and the finance involved is small too. 1. L/C: Definition RESONS OF U