商务英语综合教程（上册）Unit7MethodsofPaymentforImportsandExports

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1、UnitSevenMthodsofPaymentforImportsandExportsIntroductionThereareseveralmethodsofpaymentusedininternationaltrade.Thisarticleintroducessometraditionalandacceptedmeansofobtainingpaymentinimportsandexports.TextExercisesRelatedTechnicalTermsGrammar1Credittermsa

2、ndthemethodbywhichpaymentwillbeeffectedareagreedatthetimethesalescontractisconcluded.Iftherelationshipbetweenthebuyerandselleraregood,thenitmayhavebeenagreedtotradeon‘openaccount’terms.Thismeanssimplythatthesellerwilldispatchthegoodsdirectlytothebuyer,send

3、himaninvoiceandawaittheremittanceofpaymentfromthebuyer,asindomestictrading.2Thereareseveralmethodsbywhichthedebtormayremitpaymenttohissupplier:Text3(1)Debtor’sowncheck.Thisisnotaverysatisfactorymethodfromthecreditor’spointofview.Apartfromtheusualriskthatth

4、echeckmaybeunpaid,ithastobesentbackthroughbankingchannelstothebuyer’scountryforcollection,thusincurringadditionalexpenses.4(2)Banker’sdraft.Thiswouldbeadraftdrawnbythebuyer’sbankonitscorrespondentbankintheexporter’scountry.Assuchitisgoodpaymentbutthereisal

5、waysthedangerthatthedraftmaybelostinthepostandabankdraftcannotbe‘stopped’.Anewdraftcouldonlybeissuedagainstindemnity.Text5(3)Telegraphictransfer(TT).TheprocedureissimilartothatofMTexceptthattheinstructionsaresentbycable.Thismeansthatthepaymentiseffectedmor

6、equickly.6Where‘openaccount’termshavenotbeenagreed,thenitisfortheexportertoarrangeforpaymenttobecollectedfromthebuyer.Theusualwayinwhichthisisdoneisbytheuseofbillsofexchange.Thisisthetraditionalmethodofclaimingthatwhichisduefromthedebtor,andhasbeenusedasab

7、asisforinternationaltradethroughoutitshistory.Text7Insteadofmerelysendingthedocumentstothedebtorwithonlythecoveringinvoice,theexporterdrawsabillofexchangeonthedebtorforthesumdueandattachesthedocumentstothebill.Thisisthensentthroughbankingchannelsforpresent

8、ationtothebuyer.Thereareseveraladvantagesintheemploymentofbills:8(1)Thebillofexchangeisaninstrumentlongrecognizedbytradecustomandbythelaw;thereisinconsequenceanestablishedcodeofpracticeinrelationtobills.Text9