进出口实务与操作英文版课件李月菊 ISBN9787811342178chapter 6.pptVIP

Import-Export Practices and Operations Chapter 6 Trade Payment Finance Procedures Learning Objectives Different methods of payment and the distribution of risk involved in them Definition of draft and the circulation of different types of draft Procedures of documentary collection The negotiation of irrevocable letter of credit Types of trade financing: factoring, forfaiting, leasing Chapter Structure Section One Four Basic Terms of Payment Section Two Drafts and Acceptances Section Three Documentary Collections Section Four Letters of Credit Section Five Financing International Trade Section One Four Basic Terms of Payment Payment and finance are central obligations and concerns of both buyers and sellers in international transactions． Sellers are concerned that they will receive certainty for payment for goods shipped beyond the horizon，and receive that payment in a timely manner． Buyers want to know that they will receive the goods they have committed to pay for, and further want to ensure that a secure payment process is neither cumbersome nor additionally expensive． Most of the forms of payment described here are equally applicable to the flow of funds under a service, licensing, or investment contract． Section One Four Basic Terms of Payment In international trade, the means of payment are frequently known as the “terms of payment.” The terms of payment used in an international transaction will depend on the relationship between the seller and the buyer，the nature of the merchandise, industry norms, the distance between buyer and seller，the potential for currency fluctuation，and political and economic stability in either or both countries． Section One Four Basic Terms of Payment The exporter Wants to minimise the risk of non-payment Wants full and prompt payment, the earlier the better Convenience payment, at own or home country bank Wants advice eg. on export/import licenses, currency restrictions etc The importer Wants to ensu