Terms of Paymen 商务英语presentation.pptxVIP

International Payment;Contents; ;Draft;Time?draft?is?the?one?that?is?payable?in?a?specified?number?of?days?after?sight,?the?date?of?issue?or?acceptance,?or?at?a?fixed?future?time.?For?example:?? ?At?×××?days?after?sight????? 见票后若干天付款??? At?×××?days?after?the?date?of?issue??? 出票后若干天付款??? At?×××?days?after?date?of?Bill?of?Lading?? 提单签发后若干天付款??? At?×××?days?after?acceptance???? 承兑后若干天付款 ;;; Remittance ;;Letter of Credit; Firm commitment by an issuing bank to pay an accepting bank a specified sum in a specified currency, provided the conditions included in the L/C document are met within a specified timeframe. This L/C cannot be canceled without the sellers prior written approval, and comes usually as a confirmed irrevocable letter of credit. Also called irrevocable credit. In a word, An irrevocable L / C means a credit which cannot be amended and cancelled without the permission of all parties and is widely used in international trade. According to UCP600, L / C must be irrevocable.;Sight and usance L/C;Confirmed L/C and unconfirmed L/C;;Collection;D/P and D/A;;