国际贸易实务双语教程(第三版)unit 11.ppt

;支付;Section One Instruments of Payment in International Trade ;Introduction;Who is liable for this loss? Must the seller wait perhaps six months for his money or shall the buyer pay several months before he even sees his goods? What’s more, in a case of non-payment, the seller will be involved in expensive legal action and possibly total loss. Because of these problems, different methods of payment have been adopted in international trade. Generally, in every contract for the sale of goods abroad, the clause dealing with the payment of the purchase price consists of four elements: time, mode, place, and currency of payment. ;What should be understood in this unit;Section One Means of Payment in International Trade ;Draft is an unconditionally written order drawn by the drawer for the money to be paid by the drawee (payer) Drafts are negotiable instruments and may be sold. Promissory Note is a written and signed promise to pay a stated amount of money to a particular person. Cheque is a written order to a bank to pay a certain sum of money from one’s bank account to another person The payer of a check is the drawer of the check. ;1) Definition of Bill of Exchange A bill of exchange, also called draft, is defined as “an unconditional order in writing, addressed by one person to another, signed by the person giving it, requiring the person to whom it is addressed to pay on demand, or at a fixed or determinable future time, a sum certain in money, to, or to the order of a specified person, or to bearer”. The operation process of draft includes: to draw, presentation, acceptance, payment, endorsement, dishonor and recourse. Drafts are negotiable instruments and may be sold. （P261）;Draft;Samples of bills;No. 1022 $ 20,000 London, 10th March, 2009-3-19 On demand pay to Bill Green or bearer the sum of USD Twenty Thousand only. (Signed) Tom White To: Mr. David Smith Ne