国际贸易实务(英文版)(二版)7.International-Payment.pptVIP

Chapter Seven;Learning objectives ;7.1 Issues In Concern;Determinant Factors of Payment;International Payment;Differences between payment instruments and payment terms payment instruments --- Financial documents which can be used in different manners serving specific paying purpose payment terms --- A series of activities or operations facilitating the movement of funds from one destination to the other;7.2 Paying Instrument :  Draft / Bill of Exchange 汇票;Three parties concerned;Three parties concerned;The content of a B/E (Specimen 7.1-7.4);Procedure of a B/E practice;Procedure of a B/E practice;Procedure of a B/E practice;Procedure of a B/E practice;Procedure of a B/E practice;Types of draft;Clean Draft vs. Documentary Draft;Banker’s Draft vs. Commercial Draft;Sight Draft vs. Time Draft ;7.3.1 Remittance;Procedure of remittance and parties involved ;Procedure of remittance ;Types of remittance;7.3.2 Collection 托收;Procedure of Documentary Collection;Procedure of Documentary Collection and Parties Involved;Types of Collection;7.3.3 Letter of Credit;Content of L/C (See Specimen7.9);Procedure of L/C;Issuing Bank/ Buyer’s Bank;Methods of settlement ;Settlement by Sight Payment ;Settlement by Deferred Payment ;Settlement by Acceptance ;Settlement by Negotiation ;Types of Letter of Credit ;Types of Letter of Credit ;Types of Letter of Credit ;Types of Letter of Credit ;Types of Letter of Credit;Types of Letter of Credit;Types of Letter of Credit;Types of Letter of Credit;Types of Letter of Credit;Types of Letter of Credit;Letter of Credit;Letter of Credit;7.7 Letter of Guarantee (L/G);Both seller and buyer can be the beneficiary of an L/G Two kinds of L/G: credit L/G and payment L/G Widely used in trade of commodity and service Essential requirements of an L/G: Irrevocable Unconditional Fully transferable Abstract (the guarantee must not be dependant on performance of the underlying supply contract Divisible (each individual repayment amount and date must be specified)