12第十二章-国际货款支付与结算.ppt

Lesson 3 Collection Conception of Collection Nature of Collection Collection is a kind of commercial credit, offered to each other by firms and merchants. The collection bank acts only as collector of funds on behalf of the seller and is not committed to the obligation whether the buyer makes payment or not. It is dependent on the commercial credit of the buyer if the seller will be paid after the delivery of goods. Therefore, a collection transaction puts the seller under a great risk. Lesson 3 Collection Conception of Collection Procedure of Documentary Collection The buyer and the seller conclude the sales contract, stipulating the payment is made by documentary collection with D/P at sight. The exporter authorizes the local bank to effect the collection, submitting the full set of shipping documents with draft to the remitting bank. The remitting bank sends the draft and the shipping documents to the collecting bank of the importer’s country together with the instructions received from the exporter. Lesson 3 Collection Conception of Collection Procedure of Documentary Collection The presenting bank makes presentation of the payment advice to the buyer. The importer makes the payment and gets the documents. The collecting bank informs the remitting bank and makes transfer of the payment to the remitting bank. The remitting bank credits the payment to the account of the exporter. Lesson 3 Collection The Involved Parties Principal Remitting Bank Collecting Bank Payer Presenting Bank Lesson 3 Collection Types Documents against Payment: D/P --Definition --Classification Documents against Acceptance，D/A Definition The document against payment refers to that the seller delivers the documents upon receipt of the payment from the buyer (importer). The buyer cannot get the documents until it makes the payment to the seller. Documents again