《商务英语听说》Unit 7 Terms of Payment.pptx

《商务英语听说》 Unit 7 Terms of Payment Listening Speaking Unit Goals 1. Advise easier payment terms. 2. Discuss the characteristics of L/C 3. Negotiate payment terms 1.Main payment terms 2.Trade terms 3.Insist on payment by L/C Propose payment by T/T(D/P) Starting-up Decide whether the following statements are true or false. Write “T” for true and “F” for false. 1.The methods of payment we use in the international trade are chiefly Remittance, Collection and the Letter of Credit. ( ) 2.Among T/T, M/T and D/D, T/T is the cheapest method of payment. ( ) 3.Under collection, there are two terms of payment---documents against payment and document against acceptance. ( ) 4.Clean collection refers to a collection of financial documents accompanied by commercial documents or commercial documents not accompanied by the financial documents. ( ) T F T F Starting-up Decide whether the following statements are true or false. Write “T” for true and “F” for false. 5.L/C is commercial credit instead of bank credit. ( ) 6.Beneficiary is usually the exporter and is entitled to use the letter of credit for payment of the goods. ( ) 7.Sight L/C means the payment can be made until a specific date. ( ) 8.The opening bank is usually a bank in the country of the exporter . ( ) Categorize the given payment terms into three groups. A. sight credit B. time L/C C. telegraphic transfer D. documents against payment