國(guó)際貿(mào)易實(shí)務(wù)教學(xué)課件：Chapter 5 International Payment

INTERNATIONALPAYMENT1ChapterFive

InternationalPayment

國(guó)際支付INTERNATIONALPAYMENT2Chapter5-frameworkINTERNATIONALPAYMENT3重點(diǎn)內(nèi)容LetterofcreditModesofInternationalpaymentexercisesandassignmentFinancialinstrumentsINTERNATIONALPAYMENT4Issuingbank,advisingbank,negotiatingbankBeneficiary,Issuance,Presentation,acceptance,discountingEndorsementKeywordsDrawer,drawee,payer,payeeDishonor,protest5Issuance,principal,Demanddraft,TestkeyOpenaccountKeywordsCollectingbank,remittingbankRemittanceadvice,remittanceorderINTERNATIONALPAYMENT56Applicant,beneficiary

Clean/documentary

L/C,revocableandirrevocable

L/C;Confirmed/unconfirmed

L/C,transferable/untransferable

L/C;Sight/usance

L/C,Revolving

L/C,redclause

L/C……KeywordsOpeningbank,issuingbank,advisingbank,notifyingbank,Negotiatingbank,payingbank,DraweebankDiscrepancy,amendmentofL/CINTERNATIONALPAYMENT6INTERNATIONALPAYMENT7FinancialInstrument(支付工具)INTERNATIONALPAYMENT81.Draft(BillofExchange/bill)1.1definitionAdraftisanunconditionalorderinwriting,signedandaddressedbythedrawertothedrawee,requiringthedraweetopaythepayeeacertainsumofmoneyatsightoratafixedordeterminablefuturetime.

FinancialInstrument----draftINTERNATIONALPAYMENT91.2ThePartiesinvolvedinDraftsDrawer(出票人）:theexporterusuallyDrawee（付款人):theimporter

or

theL/CissuingbankusuallyPayee(收款人）:theexporter’sbankusuallyDrawerDrawee(Payer)PayeerequeststopayDiagram6-1FinancialInstrument----draftINTERNATIONALPAYMENT101.3Thecontentofabillofexchange:

①TheissuingbankofL/C（開(kāi)證行名稱）②ThenumberofL/C(信用證號(hào))③TheissuingdateofL/C(開(kāi)證日期)④Theinterestrateofthebillofexchange(匯票利率)⑤Thenumberofthebillofexchange(匯票號(hào)碼)⑥Theamountofthebillofexchangeinfigures

(用數(shù)字表示的匯票金額)FinancialInstrument----draftINTERNATIONALPAYMENT11⑦Thedrawingdateofthebillofexchange(出票日期)⑧Thepaymentdateofthebillofexchange(付款期限)⑨Thepayee(收款人)⑩Theamountofthebillofexchangeinwords

(用文字表示的匯票金額)⑾Thedrawee(付款人)⑿Thedrawer(出票人)FinancialInstrument----draftINTERNATIONALPAYMENT12BillofExchange

DrawnunderBankofChina,NewYorkIrrevocableL/CNo.3988248DatedApr.24th,2007Payablewithinterest@4.8%perannum

No.SD008ExchangeforUS$879,000.00ShenzhenChinaJun.26th,2007At30dayssightofthisFIRSTofExchange(Secondofexchangebeingunpaid)PaytotheorderofBankofChina,ShenzhenthesumofUnitedStatesdollarsEIGHTHUNDREDANDSEVENTYNINETHOUSANDONLY

To:ABCCompanyNEWYORKShenzhenSaiDaElectronicU.S.AExportingandImportingCo.Ltd.FinancialInstrument----draftINTERNATIONALPAYMENT134）TypesofbillofexchangeClassificationCriteriaTypesDescriptionDifferentdrawer&draweesBanker’sdraft(銀行匯票)BoththedrawerandthedraweearebanksCommercialdraft(商業(yè)匯票)Thedrawerisacommercialorganization,thedraweecanbeeitheracommercialorganizationorbankFinancialInstrument----draftINTERNATIONALPAYMENT144）TypesofbillofexchangeClassificationCriteriaTypesDescriptionWhetherdocumentsareattachedCleandraft(光票)Noshippingdocumentsareattachedtothedraft.Documentarydraft(跟單匯票)Theshippingdocumentsareattachedtothedraft.FinancialInstrument----draftINTERNATIONALPAYMENT154）TypesofbillofexchangeClassificationCriteriaTypesDescriptionDifferenttimeofpaymentSightdraft(即期匯票)Thepayermustpaywhenthebillofexchangeispresented(提示).TimedraftTermdraftUsancedraft（遠(yuǎn)期匯票）Thepayermustpayatafixedfuturetime.a.At90daysaftersightb.At180daysafterdate(出票后若干天)c.At150daysafterdateofB/Ld.AtJune14thFinancialInstrument----draftINTERNATIONALPAYMENT164）TypesofbillofexchangeClassificationCriteriaTypesDescriptionWhoacceptsthetermdraftcommercialacceptancedraft(商業(yè)承兌匯票).Atermdraftisacceptedbytheimporterwhenitispresented.banker’sacceptancedraft(銀行承兌匯票).Atermdraftisacceptedbythebank.whenitispresentedFinancialInstrument----draftINTERNATIONALPAYMENT175）ThecirculationofdraftDraftissuingPresentationforacceptanceAcceptancePresentationforpaymentPaymentSightdraftTimedraftDiagram10-2DiscountFinancialInstrument----draftINTERNATIONALPAYMENT18Draftissuing（出票）

Thedraweristodrawandsignadraftanddeliverittothepayee.

Presentation(提示):

Theholderofthebillofexchangetakesthebilltothedraweeanddemandsthathemakethepaymentoracceptthebill.Acceptance(承兌)：Acceptancereferstotheactofthedraweeinwritingtheword“accepted”onthebill,signinghisnameanddatinghisacceptance.Itrepresentsaformalpromisebythedraweetopaythebillwhenitmature.Discounting:aholderofanacceptedbillsellsthebilltoafinancialinstitutionatapricelessthanitsfacevaluebeforeitreachesitsmaturity.FinancialInstrument----draftINTERNATIONALPAYMENT196)thenegotiabilityofbillofexchangeThedraweecanbemadeouttodifferentorders:①Restrictiveorder（限制性抬頭）“PaytoTridentCo.only”or“PaytoTridentCo.notnegotiable”②Indicativeorder（指示性抬頭）“PaytotheorderofTridentCo.”“PayTridentCo.totheorder”Thiskindofbillofexchangecouldbenegotiatedbyendorsement③Bearerorder（持票人抬頭）“Paybearer”FinancialInstrument----draftINTERNATIONALPAYMENT206)thenegotiabilityofbillofexchangeEndorsement(背書(shū))Ablankendorsement(空白背書(shū))Aspecialendorsement（特別背書(shū)）FinancialInstrument----draftINTERNATIONALPAYMENT216)thenegotiabilityofbillofexchange(匯票的流動(dòng)性)Dishonor(拒付)meansthepayerrefusestopayoracceptthebillwhenitispresentedforpaymentoracceptance.Whendishonored,theholderhashisrightofrecourse(追索權(quán))againstthepriorendorser.EndorserEndorsee1Endorsee2PayerrecourserecourserecourseDiagram10-3FinancialInstrument----draftNext-promissorynoteINTERNATIONALPAYMENT221)definition

Thepromissorynoteisanunconditionalpromisetopayacertainsumofmoneytothepayee,toorder,ortothebearerondemandoratafixedordeterminablefuturetime.本票是出票人簽發(fā)的，承諾自己在見(jiàn)票時(shí)無(wú)條件支付確定的金額給收款人或持票人的票據(jù)。FinancialInstrument----promissorynoteINTERNATIONALPAYMENT23Diagram10-4DrawerofthepromissorynotePayeeofthepromissorynotepromisestopayAcashier’sorder(banker’spromissorynote,i.e.thedrawerofthepromissorynoteisabank)isusedmorefrequentlyinChina.FinancialInstrument----promissorynoteINTERNATIONALPAYMENT24Acheckisanunconditionalorderinwritingaddressedbythedrawertoabanksignedbythatdrawerauthorizingthebanktopayondemandaspecifiedsumofmoneytoortotheorderofanamedpersonortobearer.

FinancialInstrument----checkINTERNATIONALPAYMENT25Thefollowingtableshowsthedifferencebetweenthethreepaymentinstruments:BillofExchangePromissoryNoteCheckDrawerPayerPrincipalPartiesInvolvedNumberofCopiesTenor(支付時(shí)間)ApplicableAreasFinancialInstruments

INTERNATIONALPAYMENT26thedifferencesamongthethreepaymentinstruments:BillofExchangePromissoryNoteCheckDrawerabank(banker’sdraft)acommercialorganization(commercialdraft)abank(casher’sorder)acommercialorganization(commercialpromissorynote)adepositor(儲(chǔ)戶)Payerabank(banker’sdraft)acommercialorganizationorabank(commercialdraft)abank(casher’sorder)acommercialorganization(commercialpromissorynote)abankPrincipalPartiesInvolvedThree:drawer,draweeandpayeeTwo:drawerandpayeeThree:drawer,bankandpayeeNumberofCopiesGenerallytwooriginalsOnesingleoriginalOnesingleoriginalTenorSightortimeSightortimeSightApplica-bleAreasWidelyusedininternationaltradeDomesticandinternationalLocalcityordomesticareasFinancialInstruments

INTERNATIONALPAYMENT27匯票本票支票作用支付、信用兩種作用支付、信用兩種作用僅有支付作用性質(zhì)出票人給予付款人無(wú)條件支付命令，兩者之間不必先有資金關(guān)系出票人約定自己付款是一種無(wú)條件付款承諾出票人和付款人之間先有資金關(guān)系，支票只是一種取款的憑證基本當(dāng)事人出票人、收款人、付款人出票人、收款人出票人、收款人、付款人主債務(wù)人承兌前是受票人，承兌后是承兌人出票人銀行常用種類即期和遠(yuǎn)期遠(yuǎn)期匯票需經(jīng)過(guò)承兌手續(xù)商業(yè)匯票和銀行匯票銀行本票（在我國(guó)，銀行本票都是即期的）見(jiàn)票即付只有銀行支票份數(shù)一是兩份，有副本一張正本，沒(méi)有副本一張正本，沒(méi)有副本匯票、本票、支票的異同表FinancialInstruments

INTERNATIONALPAYMENT28II.ModesofPayment:(國(guó)際貿(mào)易的支付方式)ModesofPaymentRemittance(匯付)Collection（托收）LetterofCredit(信用證)BankGuaranteeModesofpayments

INTERNATIONALPAYMENT291.Remittance(匯付)1)DefinitionRemittancemeansthatpaymentismadethroughbanktransfer.Thebuyertaketheinitiativetoremitmoneytotheseller.2)Partiesinvolved:①theremitter(匯款人)②theremittingbank（匯出行）③thepayingbank（匯入行）④thebeneficiary(payee/theremittee)（收款人）Modesofpayments--remittance

INTERNATIONALPAYMENT301.Remittance(匯付)1)TypesofRemittanceModesofpayments

Modesofpayments--remittance

INTERNATIONALPAYMENT31MailTransfer（M/T）信匯TelegraphicTransfer(T/T)電匯

Modesofpayments--remittance

INTERNATIONALPAYMENT32TheprocessofM/TandT/TRemitter（Importer）Payee(Exporter)RemittingBankPayingBank1.SalesContract2.FillintheapplicationforM/TorT/T,andmakepayment3.MakePayment4.MakePaymentModesofpayments--remittance

INTERNATIONALPAYMENT33匯款人收款人匯出行匯入行①合同②電/信匯申請(qǐng)書(shū)交款、付費(fèi)③回單④電/信匯通知⑤匯款通知⑥收據(jù)⑦解付⑧付訖借記通知電匯與信匯方式的操作程序Modesofpayments--remittance

INTERNATIONALPAYMENT34DemandDraft(D/D)票匯

Theyareputintheformofadraftdrawnbytheimporter’sbankonitsbranchorcorrespondentbankintheexporter’scountry.Theimportermaymailthedrafttotheexporter,whoobtainsthemoneyfromthebranchorcorrespondentbankonproducingthedraft.

Modesofpayments--remittance

INTERNATIONALPAYMENT35RemitterPayeeRemittingBankPayingBank1.SalesContract2.FillintheapplicationforD/D,andmakepayment3.Drawasightbillofexchange,orapromissorynoteoracheck4.NotifyofD/D5.Deliverthebill6.Presentthebill7.Makepayment8.NotifyofthepaymentTheprocessofD/DModesofpayments--remittance

INTERNATIONALPAYMENT36匯款人收款人匯出行匯入行①合同②票匯申請(qǐng)書(shū)交款、付費(fèi)③銀行即期匯票④票匯通知書(shū)⑥銀行即期匯票⑦解付⑧付訖借記通知票匯方式的操作程序⑤銀行即期匯票Modesofpayments--remittance

INTERNATIONALPAYMENT372）UsageofRemittance①Paymentinadvance(預(yù)付貨款)②Openaccount（公開(kāi)賬戶/賒銷）Modesofpayments--remittance

INTERNATIONALPAYMENT383）ThecomparisonoftheM/T,T/TandD/DD/Dexpensive,butistheslowestformoftransmissionandthecustomershouldalsobeartheriskoftheft,destructionorlossofthedraftintransitbyairmail.Butitistransferable.M/TMoreexpensive,thespeedofthetransferisslowT/TThemostexpensive,butitsspeedcouldsavesubstantialinterestpaymentsometimes.(widelyused)Modesofpayments--remittance

INTERNATIONALPAYMENT39AdvantagesandDisadvantagesofRemittanceAdvantages:a.T/Tisbeneficialtotheseller.b.Theprocedureissimple.c.Thesettlementexpenseislow.Disadvantages:a.Veryriskyb.UnbalancedcapitalburdenModesofpayments--remittance

INTERNATIONALPAYMENT401）DefinitionUndercollection,theexportertakestheinitiativetocollectthepaymentfromthebuyer.Uponthedeliveryofthegoods,theexporterdrawsabillofexchangeontheimporterforthesumdue,

withorwithoutrelevantshippingdocumentsattached,andauthorizeshisbanktoeffectthecollectionofthepaymentthroughhisbranchbankorcorrespondentbankinthecountryoftheimporter.Modesofpayments--collection

INTERNATIONALPAYMENT412）Partiesinvolved①Principal(委托人)②RemittingBank(托收行或寄單行)③CollectingBank(代收行)④Drawee/Payer（付款人）Modesofpayments--collection

INTERNATIONALPAYMENT423）TypesofCollectionModesofpayments--collection

INTERNATIONALPAYMENT43

DocumentsagainstPayment(D/P)付款交單

①D/Patsight(即期付款交單)Ifthebillofexchangeisdrawnatsight,i.e.itisasightdraft,theimporterhastomakepaymentimmediatelyatthesightofthebill,andatthesametime,obtainsthedocuments.

②D/Paftersight（遠(yuǎn)期付款交單）Whenthetimebillispresentedtotheimporterbythecollectingbank,paymentisnotmadeuntilthetimebillfallsdue.Modesofpayments--collection

INTERNATIONALPAYMENT44Principle（Exporter）Drawee（Importer）RemittingBank（匯付行、托收行）CollectingBank（代收行）1.SalesContract2.Fullsetofdocuments8.MakePayment3.Fullsetofdocuments4.Presentationforpayment6.Releasingdocuments7.Notifyofthepayment5.PaymentModesofpayments--collection

INTERNATIONALPAYMENT45出口商進(jìn)口商托收行代收行①合同②即期匯票，全套貨運(yùn)單據(jù)⑧通知結(jié)匯③單據(jù)④提示付款⑤解付⑥全套貨運(yùn)單據(jù)⑦收訖通知即期付款交單的操作程序Modesofpayments--collection

INTERNATIONALPAYMENT46Principle（Exporter）Drawee（Importer）RemittingBankCollectingBank1.SalesContract2.Fullsetofdocumentsincludingbillofexchangeaftersight10.MakePayment3.Fullsetofdocuments4.PresentationforAcceptance

8.Releasingdocuments

9.NotifyofthepaymentTheprocessofD/PafterSight5.Acceptance6.PresentationforPayment7.PaymentModesofpayments--collection

INTERNATIONALPAYMENT47出口商進(jìn)口商托收行代收行①合同②遠(yuǎn)期匯票及單據(jù)⑩通知結(jié)匯③遠(yuǎn)期匯票及單據(jù)④提示承兌⑤承兌匯票⑥付款提示⑨收訖通知⑦付清貨款⑧全套貨運(yùn)單據(jù)遠(yuǎn)期付款交單的操作程序Modesofpayments--collection

INTERNATIONALPAYMENT48Principle（Exporter）Drawee（Importer）RemittingBankCollectingBank1.SalesContract2.Fullsetofdocumentsincludingbillofexchangeaftersight10.MakePayment3.Fullsetofdocuments4.PresentationforAcceptance8.Payment9.NotifyofthepaymentTheprocessofD/A5.Acceptance6.Releasingdocuments7.PresentationforPaymentDocumentsAgainstAcceptance(D/A)Modesofpayments--collection

INTERNATIONALPAYMENT49出口商進(jìn)口商托收行代收行①合同②遠(yuǎn)期匯票等⑩通知結(jié)匯③遠(yuǎn)期匯票及單據(jù)④提示承兌⑤承兌匯票⑥交單，保留匯票⑨收訖通知承兌交單的操作程序⑦付款提示⑧付清貨款Modesofpayments--collection

INTERNATIONALPAYMENT50Asfarastheseller’sbenefitisconcerned,amongD/Patsight,D/PaftersightandD/A,whichpaymentisbest?Whichisnotrecommended?Why?Modesofpayments--collection

NB:托收的性質(zhì)托收的性質(zhì)屬于商業(yè)信用，銀行辦理托收業(yè)務(wù)時(shí)，只是按照委托人的指示辦事，既無(wú)檢查運(yùn)輸單據(jù)是否齊全或正確的義務(wù)，也無(wú)承擔(dān)必須付款的義務(wù)，出口方收款的保障完全取決于進(jìn)口方的信用。INTERNATIONALPAYMENT514）TheadvantagesanddisadvantagesofCollectionAdvantages:a.Theownershipofthegoodsbelongstotheselleruntilthebuyerpayoracceptedthedraft.b.ThebuyergetspartialfinancinginD/PaftersightandcompletefinancinginD/A.c.Thesettlementexpenseisrelativelylow.Disadvantages:Exporter’sRisksinCollection①Nonpayment(拒絕付款)②Non-acceptanceofDraft（拒絕承兌匯票）③NonpaymentofTradeAcceptance(商業(yè)承兌后不付款)Modesofpayments--collection

INTERNATIONALPAYMENT521）DefinitionAletterofcredit(L/C)isapaymentundertaking(承諾)givenbyabanktothesellerandisissuedonbehalfoftheapplicant.Modesofpayments—letterofcredit

Let’sreadasampleINTERNATIONALPAYMENT532）MajorPartiesinvolvedinaLetterofCreditApplicant（開(kāi)證申請(qǐng)人）

OpeningBank,IssuingBank(開(kāi)證銀行)

AdvisingBank,NotifyingBank(通知銀行)Beneficiary(受益人)

NegotiatingBank(議付銀行)

PayingBank,DraweeBank(付款銀行)Modesofpayments—letterofcredit

INTERNATIONALPAYMENT54開(kāi)證申請(qǐng)人受益人進(jìn)口國(guó)出口國(guó)開(kāi)證行通知行議付行付款行2。申請(qǐng)開(kāi)證1。訂立合同4。通知5。審證、交單、議付3。開(kāi)證ProceduresofL/C6。索償7。償付8。付款贖單Modesofpayments—letterofcredit

INTERNATIONALPAYMENT55Applicant（importer）beneficiary（exporter）①contract②application⑨notifyingpayment③issueL/C④noticeofL/C⑤documents&negotiation⑥paymentPayingbank(issuingbank)Notifyingbank(negotiatingbank)⑦documents&reimbursement⑧reimbursement⑩paymentagainstdocumentsModesofpayments—letterofcredit

INTERNATIONALPAYMENT564）thecharacteristicsofL/C（信用證的特點(diǎn)）p120

a.L/CisBank’scredit.b.L/Cisafileindependentofsalescontract.c.UnderL/C,thetradebecomesadocumentstransaction.

Modesofpayments—letterofcredit

INTERNATIONALPAYMENT57Modesofpayments—letterofcredit

INTERNATIONALPAYMENT58Modesofpayments—letterofcredit

INTERNATIONALPAYMENT594）theContentofL/COntheTop(theissuingbank,L/CNo,Beneficiary,typeofL/C,amountofL/C,theexpirydateetc.)對(duì)信用證本身的說(shuō)明Aboutbillofexchange(drawer,drawee,typeofbillofexchange,amountetc.)對(duì)匯票的說(shuō)明Aboutbasicdocuments(CommercialInvoice,B/L,Insurancepolicy)

對(duì)貨運(yùn)單據(jù)的說(shuō)明Aboutadditionaldocuments(CertificateofOrigin,CertificateofInspection,ExportLicenseetc.)對(duì)附加單據(jù)的說(shuō)明AboutShipping(transshipment,partialshipment,timeofshipmentetc.)對(duì)運(yùn)輸單據(jù)的說(shuō)明Others其他事項(xiàng)“Unlessotherwiseexpresslystated,thisCreditissubjecttotheUniformCustomsandPracticeforDocumentaryCredits,1993Revision,InternationalChamberofCommercePublicationNo.500.”(P123)“本證受《跟單信用證統(tǒng)一慣例》1993年修訂本，國(guó)際商會(huì)第500號(hào)出版物的約束?！盡odesofpayments—letterofcredit

INTERNATIONALPAYMENT605)CheckingtheIncomingL/C(審證)TheexportermustchecktheL/CthoroughlytoensurethatthetermsandconditionsstipulatedintheL/Carecorrectandconformtothesalescontract.

Adiscrepancy(不符點(diǎn))isatermorconditionofL/Cthatisnotcompliedwithsalescontract.Modesofpayments—letterofcredit

INTERNATIONALPAYMENT616)AmendmentsofL/C（改證）amendmentadvice修改通知書(shū)(adviceof

amendment)Modesofpayments—letterofcredit

INTERNATIONALPAYMENT627）TypesofL/C

1.CleanL/Cvs.DocumentaryL/C2.RevocableL/Cvs.IrrevocableL/C3.ConfirmedL/Cvs.UnconfirmedL/C

4.TransferableL/Cvs.Non-transferableL/C5.SightL/Cvs.UsanceL/C6.RevolvingLetterofCredit7.RedclauseL/C,back-to-backL/C……Modesofpayments—letterofcredit

INTERNATIONALPAYMENT638)AdvantagesandDisadvantagesofL/CAdvantages:a.Thesellerandthebuyerarebothprotected.b.Forbuyer,thegoodswillconformtotheagreement.c.Forseller,thegoodswillbepaidfor.Disadvantages:a.Ambiguousexpressionsornegligencemaybringlosstotherelatedparty.b.Bothpartiesmaysufferfromthefraudulentact.c.ThebuyerneedstopayservicefeeforopeningofL/C.

Modesofpayments—letterofcredit

INTERNATIONALPAYMENT644.LetterofGuarantee,BankGuarantee,L/G(銀行保證函)

Abankguaranteeisanundertakingbyabanktosettleadebtintheeventthatthedebtorfailstomakepayment.

銀行保函是銀行替代進(jìn)口方向?qū)Ψ介_(kāi)立的以對(duì)方為受益人的保證承擔(dān)付款、簽訂合同和履行合同的書(shū)面文件。Modesofpayments—letterofguarantee

INTERNATIONALPAYMENT655.ExamplesofTermsofPaymentinContract1.UponfirstpresentationtheBuyersshallpayagainstdocumentarydraftdrawnbytheSellersatsight.Theshippingdocumentsaretobedeliveredagainstpaymentonly.2.ByIrrevocableLetterofCreditavailablebySeller’sdocumentarydraftatsight,tobevalidfornegotiationinChinauntil15daysafterdateofshipment.TheL/CmustreachtheSellers30daysbeforethecontractedmonthofshipment.3.AllthepaymentshallbemadeintheUScurrencybytheBuyertotheSellerbytelegraphictransfertotheSeller’sdesignatedaccountswiththebanksinChina.Modesofpayments—letterofcredit

INTERNATIONALPAYMENT66I.Defineorexplainthefollowingterms:1.Remittance2.Collection3.LetterofCredit4.M/T5.D/D6.D/Patsight7.D/Paftersight8.D/A9.DocumentaryL/C10.IrrevocableL/C11.ConfirmedL/C

12.UsanceL/C13.RevolvingL/C14.LetterofGuarantee15.T/TII.Questions:1.Pleasecomparethreetypesofremittance:M/T,T/TandD/D.2.Asfarastheseller’sbenefitisconcerned,amongD/Patsight,D/PaftersightandD/A,whichpaymentisbest?Whichisnotrecommended?Why?3.What’stheadvantagesanddisadvantagesamongremittance,collectionandL/C?(課堂作業(yè))Internationalpayments—reviewandexercises

Issuingbank,advisingbank,negotiatingbankBeneficiary,Issuance,Presentation,acceptance,discountingEndorsementKeywordsDrawer,drawee,payer,payeeDishonor,protestINTERNATIONALPAYMENT67INTERNATIONALPAYMENT681.Thewriterofadraftisthedrawerandthedraftisoftenacceptedbytheexporter.2.Inthecaseofadeferredpaymentcredit,thereisnoneedtodrawadraft.3.ThebankhastherightofrefusingtopayifthedocumentsarepresentedlaterthanthevalidityofL/C.4.Thedocumentarybillisabillaccompaniedbythecontractbetweenthedrawerandthedrawee.Internationalpayments—reviewandexercises

INTERNATIONALPAYMENT695.Ifthepaymentistobemade“30days’sight”,itmeansthatthepaymentwillhavetobemade30daysaftertheissuingofthisdraft.6.Exportersalwaysinsistonpaymentbycashinadvancewhentheyaretradingwitholdcustomers.7.Unlikethebillofexchange,thepromissorynotehastwoparties:themakerandthepayee.8.Theissuingbankbearstheprimeliabilityforpaymentintheletterofcredit.Internationalpayments—reviewandexercises

INTERNATIONALPAYMENT709.InL/Csettlement,banker’snegotiationismerelybasedonL/Canddocumentsinsteadofcontractsandgoods.10.Banksdealindocumentsinsteadofgoods,therefore,theyareonlyconcernedthatdocumentspresentedappearontheirfacetocomplywiththetermsandconditionsofthedocumentarycredits.11.Sofar,documentarycreditsarethemostidealmethodofpaymenttoprovidesecurityforbothbuyersandsellers.Therefore,inwhateverconditions,L/Cshouldbethefirstconsiderationinthemethodofpaymentfortransactions.12.Aletterofcreditisaconditionalundertakingtomakepaymentinthecaseofconformity.Internationalpayments—reviewandexercises

INTERNATIONALPAYMENT7113.Afterissuanceoftheletterofcredit,theissuingbankmayrefusepaymentiftheapplicantbecomesbankrupt.14.Inanydisputesoverthetermsandconditionsofacredit,internationallawwillbereferredtoforinterpretation.15.Confirmationtocreditmaybegivenbyanadvisingbankattherequestoftheissuingbank.16.TheL/Cshouldarriveatthesellerseveraldaysbeforethetimeofshipment.Internationalpayments—reviewandexercises

INTERNATIONALPAYMENT7217.Inadocumentarycredit,termssuchas“divisible”,“assignable”,and“transmissible”carrythesamemeaningandhavethesameeffectastheterm“transferable”andareinterchangeablyusedwithsuchaterm.18.Whenaletterofcreditisconfirmed,alloftherisksarethenbornebytheconfirmingbankfreeofcharge.19.AnL/CisanirrevocableoneifitdoesnotstipulatewhetheritisirrevocableorrevocableaccordingtoUCP600.Internationalpayments—reviewandexercises

INTERNATIONALPAYMENT7320.Theissuingbankshouldbelocatedintheimporter’scountry,whiletheadvisingbankshouldbelocatedinexporter’scountry.21.Generallyspeaking,itisnecessaryforthebuyertoclearlyspecifyaperiodofvalidityoftheL/CwhenapplyingfortheopeningofL/C.22.Thepayeeandthedrawerofadraftusedininternationaltrademustbethesameperson,thatis,exporter.23.UnderthetermsofD/A,itisthebankinexporter’scountrywhomakesacceptancetothedraftanddeliversdocumentstotheimporter.Internationalpayments—reviewandexercises

INTERNATIONALPAYMENT741.Whichoneofthefollowingisnotthemeansofremittance?_____A.L/GB.M/TC.T/TD.D/D2.T/Tmeans__________.A.mailtransferB.telegraphictransferC.demanddraftD.letterofcredit3.Whichmeansofinternationalpaymentisakindofbankcredit?__________A.RemittanceB.CollectionC.L/CD.D/DInternationalpayments—reviewandexercises

INTERNATIONALPAYMENT754.WhichL/Cmeansdoubleguaranteeforthebeneficiary?__________A.RevocableL/CB.DocumentaryL/CC.ConfirmedL/CD.TransferableL/C5.Thereisadraftwhosedraweranddraweearebothbankers.Whichoneisitinthefollowings?________A.CommercialDraftB.Banker’sDraftC.CleanDraftD.DocumentaryDraft6.ACheckisakindof____drawnonabanker.A.sightdraftB.timedraftC.sightpromissorynoteD.timepromissorynoteInternationalpayments—reviewandexercises

INTERNATIONALPAYMENT767.D/Patsightmeans__________.A.documentagainstpaymentaftersightB.documentagainstpaymentatsightC.documentarycollectionD.documentagainstacceptance8.Astotheseller,theriskofD/P,D/AandL/Ccanbearranged(fromgreattosmall)asfollowings:__________.A.D/A,D/PandL/CB.L/C,D/PandD/AC.D/P,D/AandL/CD.D/A,L/CandD/P9.Ininternationaltrade,aL/Ciscommonlyusedforthepaymentofthepurchaseprice.It’smadebyt