unit-7-payment省名師優(yōu)質(zhì)課賽課獲獎?wù)n件市賽課百校聯(lián)賽優(yōu)質(zhì)課一等獎?wù)n件

支付Chapter7InternationalPayment1/33SectionOneInstrumentsofPaymentinInternationalTradeSectionTwoModesofPaymentinInternationalTradeMainPointsinUnit72/33IntroductionIninternationaltrade,howandwhenanexporterreceivespaymentforthegoodshesendsabroadareproblemsthatconcernhimthemost.Paymentindomestictradeisafairlysimplematter.Itcanbemadeeitherinadvanceorwithinareasonablyshortperiodafterdelivery.However,theseproblemsaremagnifiedmanytimesininternationaltrade.Muchtimeisunavoidablelostincorrespondence,dispatchanddelivery.3/33Whoisliableforthisloss?Mustthesellerwaitperhapssixmonthsforhismoneyorshallthebuyerpayseveralmonthsbeforeheevenseeshisgoods?What’smore,inacaseofnon-payment,thesellerwillbeinvolvedinexpensivelegalactionandpossiblytotalloss.Becauseoftheseproblems,differentmethodsofpaymenthavebeenadoptedininternationaltrade.Generally,ineverycontractforthesaleofgoodsabroad,theclausedealingwiththepaymentofthepurchasepriceconsistsoffourelements:time,mode,place,andcurrencyofpayment.4/33Differencesbetweenpaymentinstrumentsandpaymenttermspaymentinstruments---Financialdocumentswhichcanbeusedindifferentmannersservingspecificpayingpurposepaymentterms---AseriesofactivitiesoroperationsfacilitatingthemovementoffundsfromonedestinationtotheotherInternationalPayment5/33Whatshouldbeunderstoodinthisunit1InstrumentsofPaymentCurrencyBillsDraftPromissoryNoteCheque2ModesofPaymentRemittanceCollectionL/C3PaymentClauseinS/C6/33SectionOne

MeansofPaymentinInternationalTrade

Ininternationaltrade,themostfrequentlyusedmeansofpaymentinclude

currenciesandbills.Theformerisusedforaccount,settlementandpayment;thelatterforsettlementandpayment.Inpractice,sellersofgoods,ingeneral,almostneverinsistontheirrightstodemandcashforpayment,butreadilytakecertainbills,suchasbillofexchange(draft),promissorynoteandcheque(check)forsubstitutes,amongwhichdraftarewidelyused.7/337.1DraftDefinitionContentsKindsUse8/337.1.1Definitionof

Draft/BillofExchange匯票Definition:

Adraftisanunconditionalwrittenorderaddressedbyonepersontoanother,singedbythepersongivingit,requiringtheaddressedpersontopayatsightoratafixedfuturetimethesumofmoneyclearlyspecified,tothepayeeortohisorder.9/33匯票(BillofExchange)是由出票人向受票人簽發(fā)書面無條件支付命令，要求受票人于見票時或指定某一時間或能夠推定未來某一時期，向某人或其指定人或持票人支付一定金額貨幣。10/33ThePartiestoaBillofExchangeAbillofexchangeinvolvesthreeparties:Drawer出票人Drawee:受票人/付款人payerPayee受款人11/33Threepartiesconcerned12/33TherelationshipamongthesepartiesinabillofexchangemaybedescribedasatriangleasabovePayee

DraweeDrawer13/337.1.2ThecontentofaB/E

(Specimen7.1-7.4)Thewordsof“BillofExchange”or“Draft”ThedateandplaceofissuanceofdraftAspecificsumwhichshallbeexactlythesamewiththatindicatedonexportinvoiceThetenor,thatis,theperiodofcreditIfnotstipulated,regardedasSightdraftThenameofthedraweeThenameandsignatureofthedrawerThenameofthepayeeororderorbearerTheendorsementofthepayeewhenapplicable

14/3315/3316/33BILLOFEXCHANGENo.__________________ForAt____________________sightofTHISSECONDBILLofEXCHANGE(firstofthesametenoranddateunpaid)payto___________________ororderthesumofValuereceivedandchargethesametoaccountof______________________________________________________________________________________Drawnunder______________________________________________________L/CNo._______________________________dated_______________________To._________________________________________________________

17/33

匯票

BILLOFEXCHANGENo.

匯票編號

Date:

出票日期For:匯票金額At

付款期限sightofthissecondofexchange(firstofthesametenoranddateunpaid)paytotheorderof

受款人

thesumofDrawnunder

出票條款L/CNo.

Dated

To.

付款人

出票人簽章

18/337.1.3UseofaB/E

Issuance出票TheactofthedrawerissuingadrafttothedraweePresentation提醒TheactofthepayeeorthebearerpresentingthedrafttothepayerforpaymentoracceptanceTworesults:beinghonoredordishonored19/33ProcedureofaB/EpracticePayment付款---DrafthonoredbypaymentForsightdraft,thepayerpaystothepayeeaspecifiedsumofmoneyindicatedonthedraftatpresentation.7.1.3UseofaB/E

20/33ProcedureofaB/EpracticeAcceptance承兌---DrafthonoredbyacceptanceTheactofthepayermakingacceptancebycross-signingonthefaceofthebillandpromisingtopayonorbeforetheexpirydateofatime/usancedraftAnacceptedbillshallbereturnedtothepresentingparty7.1.3UseofaB/E

21/33ProcedureofaB/EpracticeDiscount貼現(xiàn)AnaccepteddraftisnegotiableIftheholderwantstogetmoneybeforematuredate,thedraftcanbediscountedbyadiscountingbankattheprevailingdiscountrateItisthesaleofanacceptedtimebillforlessthanitsfacevaluebeforeitsmaturitydate.

Endorsement背書Theactofthetransferorintransferringadrafttothetransfereebymakingasignatureonthebackofthedraft7.1.3UseofaB/E

22/33ProcedureofaB/EpracticeDishonor拒付TherefusalofthedraweeorpayertomakepaymentoracceptanceofadulypresenteddraftHoldercanrecoursethedrawerforpaymentToexercisehisrightofrecourse,thebillholderneedstopresentaCertificateofProtest(拒付證實）fromanotarypublicDraftwiththeword“withoutrecourse”canhardlybediscounted7.1.3UseofaB/E

23/337.1.4KindsWhetherdocumentaryDeadtimeofpaymentDrawerCleanbillDocumentarybill

SightbillUsancebillCommercialbillBanker’sbill24/33Exercise1A.Readthebillofexchangebelowandanswerquestions.TWOCOPIESNo.80W5069-2Date:4thDEC.EXCHANGEFORUSD63,162.00At90DAYSsightofthisFIRSTOFEXCHANGE(secondofthesametenoranddateunpaid)paytotheorderofOURSELVESthesumof__________________________ValuereceivedDrawunderLCNo.314955BOF1STAUG.1999ISSUEDBYYOURGOODSELVESTOHORNERHENANNATIVEPRODUCE&ANIMALTRUSTCO.BY-PRODUCTSIMP.&EXP.CO.PITTSBURG________________________MANAGER25/331.Whoisthedrawer/drawee?i.e.whoispayingwhom?2.Onwhichdaywasthedraftdrawn?3.IstheBillinsola(onecopy)ortwo?4.Howmuchmoneyisinvolved?5.Thisbillonlyshowsthesumofmoneyisfigures.Canyouwriteoutthesameamountinwords?Wheredoyouwriteit.6.Inabillofexchange,theplacesofthesenderandthereceiverarefixed.Wherearetheyrespectively?Howlongisthisbillvalid?Accordingtothebill,whatisthemodeofpaymentused?9.Whatdothefollowingabbreviationsstandfor?USD________No.___________LC____________CO.___________26/337.2PromissoryNote本票Apromissorynoteisanunconditionalpromiseinwritingmadebyonepersontoanothersignedbythemaker,engagingtopay,ondemandoratafixedordeterminablefuturetime,asumcertaininmoney,ortotheorder,ofaspecifiedpersonortobearer.Themaindifferencebetweenapromissorynoteandadraftliesinthattherearethreeparties,namelydrawer,draweeandpayeeinvolvedinadraftbutonlytwo,drawerandpayeeinapromissory