付款条款.pptVIP

School of International Economics Modes of Payment Difference between bank L/G and L/C Under L/C: issuing bank: as the first payer Under bank L/G: issuing bank: the second payer Under L/C: issuing bank: handles business, not contract Under L/G: opening bank: handles business according to the contract Under L/C: beneficiary can get accommodation through negotiation Under L/G: beneficiary can not do through negotiation. School of International Economics Modes of Payment Difference between L/G and standby L/C Under L/G: opening bank: subsidiary payer Under standby L/C: opened in the favor of the beneficiary The opening bank of L/G is likely to be involved in the contract disputes, while under standby L/C, the opening bank has nothing to do with the contract. School of International Economics Payment of Purchase Price Combination of Different Modes of Payment Combination of Remittance and L/C Combination of L/C and Collection Combination of Remittance and L/G School of International Economics Combination of Different Modes of Payment Combination of Remittance and L/C Partial amount is paid by L/C, the balance is settled by remittance. Example: the business of ore 矿砂 School of International Economics Combination of Different Modes of Payment Combination of L/C and Collection Partial amount is paid by L/C, the balance is settled by collection. The exporter will draw two drafts The amount under L/C paid against a clean draft The full set of shipping documents attached to the sight draft or time draft under collection School of International Economics Combination of Different Modes of Payment Combination of Remittance and L/G 5% - 10% of the value of the goods is paid by remittance, the remaining amount is settled through progressive payment or deferred payment against the L/G issued by the bank. Such as: full sets of equipment, big machinery, etc. School of International Economics Combination of Different Modes of Payment Progressive Payment