国贸实务-7.pptVIP

3;Chapter 10 International Payments;Payment;a negotiable instrument is a an unconditional promise or order to pay an amount of money that is easily transferable from one person to another. 1 full and legal title passes on delivery 2 not necessary to give notice of transfer to the liable party;;Parties to a negotiable instrument;;10.3 Instruments;;Definitions of bills;section 3, bill of exchange act, 1882,UK;;Exchange for US $ 35,000.00 Shanghai, April 2, 2007 At 60 days sight, pay to the order the Bank of China The sum of US Dollars Thirty-five Thousand only. Value received To: The Citibank New York, U.S.A. For: China National Chemicals Import Export Corporation, S.B. Signature ;;Acts relating to a bill of exchange;;Definition of promissory note;Definition of a promissory note;Characteristics of a promissory note;;;Differences between a bill and a note;Bills of exchange;Bills of exchange;Bills of exchange;Definition of a check; 出票人签发的，委托办理支票存款业务的银行或其他金融机构在见票时无条件支付确定金额给持票人或收款人的票据。 A check is a bill of exchange drawn on a bank payable on demand; A check is an unconditional order in writing, signed by the person giving it, requiring the bank to whom it is addressed to pay on demand a sum certain in money to, or to the order of , a specified person or to bearer. ;Check for USD16000.0 New York, May 1,2007 Pay to the order of John Smith the sum of sixteen thousand US Dollars only. To: Bank of China, Beijing China For China National Art Craft