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1、InternationalSettlementContent1InstrumentsofPaymentDraftPromissoryNoteCheque2Modes(方式)ofPaymentRemittance(汇寄)CollectionL/C3PaymentClauseinS/CKindsofcurrency1.——Currencyoftheimportingcountry——Currencyoftheexportingcountry——CurrencyoftheathirdcountryUSD,Japaneseyen,poundsterling,EURO,etc.2.
2、Accordingtochangingstatusofexchangerate——Hardcurrency:(withstableexchangerateandhasatendencyofgoingup)--convertible——Softcurrency:(exchangerateisnotstableandhastendencyofgoingdown)--inconvertibleSectionIInstrumentofPaymentInstrumentofpaymentisadocumentthathasmonetaryvalue,orisafinancialtr
3、ansaction.BillofExchangePromissoryNoteCheck1)DefinitionofBillofExchange“anunconditionalorderinwriting,addressedbyonepersontoanother,signedbythepersongivingit,requiringthepersontowhomitisaddressedtopayondemand,oratafixedordeterminablefuturetime,asumcertaininmoney,to,ortotheorderofaspecifie
4、dperson,ortobearer”.Draw-presentation-acceptance-payment/endorsement/dishonor-recourse.Draftsarenegotiableinstrumentsandmaybesold.BillofexchangeThreeparties:DrawerDraweePayeeDrawerPayerOr:DraweeBearerOr:PayeeorderpayAnExampleofaDraftDrawnunderBankofChina,LondonIrrevocableL/CNo.2003056Date
5、dJan.10,2005Payablewithinterest5.2%perannumNo.20042EXCHANGEforHK$236,000.00ChinaShanghaiat30dayssightofthisFIRSTExchange(SecondofExchangebeingunpaid)paytotheorderofBankofChinathesumofHongkongdollarsTWOHUNDREDANDTHIRTY-SIXTHOUSANDONLYTO:J&HCOMPANY85MALYAROADHONGKONGChinaMachinery&Equipment
6、Import&ExportCorp.,ChengduBranchClassificationofdrafts1.Accordingtotimewhenthedraftfallsdue:----Sight(Demand)Bill(Draft)----Time(Usance)Bill(Draft)2.AccordingtotheShippingdocumentsattachedornot:----CleanBill(noconditions)----DocumentaryBill3.Accordingtowhothedraweris:----CommercialBill---
7、-Banker’sBill※Underbanker’sdraft,thedraweranddraweeareallbankers.※Undercommercialdraft,thedraweriscommercialfirm,butthedraweemaybeacommercialfirmorbankers.ThePayeemightbe:RestrictivepayeePay…Co.onlyPay…Co.nottransferableToorder----(requiringendorsementwhentransferri