商务英语应用文写作课件刘庆秋主编 ISBN9787811344387Unit_13.pptVIP

Unit 13 Payment The Study Purpose The Forms of Payment Mail Transfer Telegraphic Transfer Demand Draft The two collections are 1.D/P: Documents against Payment 2.D/A: Document against Acceptance There are two kinds of letter of credits, they are: 1.Confirmed, Irrevocable L/C at sight 2.Time L/C, or usance L/C Writing the Letter of Payment The writer should state the terms of payment. Ex. Our usual practice is to accept orders against confirmed irrevocable L/C at sight, valid for 3 weeks after shipment is made. Ex. Please find enclosed our invoice for HK$ 5,500 and note that we have drawn on you for this amount at 30 D/S attaching the shipping documents (B/L in duplicate and Insurance Policy) to our draft. 2) The statement of accommodation should be stated clearly in the letter. Ex. In order to facilitate your efforts in introducing our products to your market, We are now giving you a special accommodation by granting D/P. Ex. At your repeated request, we would grant you such favorable terms of payment as D/A 40 days after sight. 3) If you can’t accept the terms of payment, state the reason. Ex. Payment on deferred terms cannot be accepted. Ex. We regret to inform you that we have to decline your request for D/P terms as we only accept payment by L/C at sight. 4) The most generally used method of payment in the foreign trade is by letter of credit (L/C) which is a reliable and safe method of payment. The contents about letters of credit are as follows. (1)The type of Credit (revocable or Irrevocable) (2)The name and address of the exporter (beneficiary) (3)The name and address of the importer (accreditor) (4)The amount of the Credit, in sterling or foreign currency (5)The name of the party on whom the bills of exchange are to be drawn, and whether they are to be at sight or of a particular tenor (6)The terms of contract and shipment (i.e whether “Ex Works”, “FOB”, “CIF”,etc) (7)Precise instructions as to the documents against which payment is to be made