unit_7terms_of_payment.ppt

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1、Unit7PaymentandL/C支付与信用证www.themegallery.comBasicKnowledgeConcernedLetter-writingGuideOtherCommonlyUsedExpressionsandSentencesSampleLettersPracticalTrainingPartOnePartTwoPartThreePartFourPartFiveContentswww.themegallery.comPartOneInternationalpaymentsarefinancialactiviti

2、esconductedamongdifferentcountries.Payingforgoodssuppliedindomestictradeisafairlysimplematterbecausepaymentcanbemadeeitherinadvanceorwithinareasonableshortperiodafterdelivery.Paymentismuchmorecomplicatedininternationaltrade.Thesellersmustsometimeswaitseveralmonthsforthei

3、rmoneyorthebuyersmayneedtopayseveralmonthsbeforetheyevenseetheirgoods.Clearly,boththesellersandbuyersruncertainrisksofnon-paymentornon-delivery.Sotheappointmentofagentsfortrustpurposebecomesnecessary.Thisfunctionisusuallyentrustedtobanks,whichhavebranchesorcorrespondentb

4、anksinmosttownsandcitiesoverseas.1.InternationalPaymentswww.themegallery.comPartOne2.ModesofPaymentinInternationalTradeTherearethreemajormodesofpaymentininternationaltrade:remittance,collectionandLetterofCredit.Remittanceandcollectionarecommercialcreditofferedbycompanies

5、.TheLetterofCreditisbanker’screditofferedbybanks.RemittanceincludesMailTransfer(M/T),TelegraphicTransfer(T/T)andDemandDraft(D/D).CollectionincludesDocumentsagainstPayment(D/P)andDocumentsagainstAcceptance(D/A).Whilepaymentissometimesmadebyremittanceandcollection,themostg

6、enerallyusedmethodofpaymentistheLetterofCredit.www.themegallery.comAsfarastheseller’sbenefitisconcerned,LetterofCreditisbetterthanD/P.D/PatsightisbetterthanD/Paftersight,whereasD/PisbetterthanD/A.Ininternationaltrade,paymentthroughcollectionisacceptedonlywhenthefinancial

7、standingoftheimporterissoundorwhereapreviouscourseofbusinesshasinspiredtheexporterwithconfidencethattheimporterwillbegoodforpayment.www.themegallery.comThreebasicmethodsofeffectingpaymentsininternationalbusiness:Remittance(汇付)MailTransfer(M/T)(汇付)TelegraphicTransfer(T/T)

8、(汇付)www.themegallery.comRemittanceisaprocessthatthepayerinstructshisbankorinstitutionstohaveapaymentmad