国际结算第8章

Endorsement
Endorsement
an act of negotiation.When the payee or the holder of a draft wants to transfer and pass its title to another person, he should endorse it first. When the holder sells or discount it, he must also make an endorsement thereon before delivering it to the party purchasing the draft.
Pay
against the sole bill of exchange to ABC Co. or order the sum of one thousand US dollars only for value received. Drawn under LC No.12345 issued by XYZ Bank, New York dated on 15th August, 2005. (“for value received” is acceptable.)
Date and place of issue
Shanghai,
China ,DEC.31,1999 Basle,10th October,2003
Tenor of payment
(1)Pay
at sight/on demand/…… (2)Pay at a determinable future time…… (3)Pay on a fixed future date ……
Ⅰ Definition and characters
An unconditional order in writing, signed by a person (drawer) such as a buyer, and addressed to another person (drawee), typically a bank, ordering the drawee to pay a stated sum of money to yet another person (payee) , often the seller, on demand or at a fixed or determinable future time.
An unconditional order in writing
(1)Pay
against the sole bill of exchange to ABC Co. or order the sum of one thousand US dollars only. (2) Pay against this second of exchange (first of exchange being unpaid)…… (3) Pay against this first of exchange (second of exchange being unpaid)……
Payment
Dishonor
Right
of recourse ………………
Issuance
To
issue a draft comprise two acts to be performed by the drawer. One is to draw and sign a draft, the other is to deliver it to the payee.
(3)Restrictive
endorse Restrictive endorse is an endorsement which is prohibited further transfer of the draft.For example: Pay to A bank only. Pay to A bank not transferable Pay to A bank not to order
Pay at a determinable future time
(1)Pay
at XXX day(s)/XX month(s) after sight…… (2)Pay at XXX day(s)/XX month(s) after date…… (3)Pay at XXX day(s)/XX month(s) after B/L date/ shipment date/ stated date ……
226 Sun Street Los Angeles Calif U.S.A Sept.19.2005
Sixty days after sight pay to the L.A Bank or order the sum of Dollars One Thousand Nine Hundred and One Cent Fifteen Only in U.S. Currency.
after
XXX day(s):算尾不算头 after XXX month(s):付款月的相应日期， 如果没有相应日期，则以该月最后一日 为到期日 At 90 days after sight Sight day:April 15 4.16——4.30 15days 5.1——5.31 31days 6.1——6.30 30days 7.1——7.14 14days Payment day：Jul 14
பைடு நூலகம்
At
30 days after date pay to the order of A Co. the sum of one thousand US dollars by ten equal consecutive monthly installment. Pay to the order of A Co. the sum of one hundred thousand US dollars in 10 equal consecutive half-yearly installment within 5 years after the date hereof provided that upon default in payment of any installment the unpaid balance becomes due.
is
Kinds of endorsement
(1)Special
endorsement A special endorsement is one that specifies an endorsee to whom or to whose order the draft is to be paid,in addition to the signature of an endorser. Pay to the order of B Co.,London For A Co.,London signature
Pay
to the order of A Co. the sum of one thousand US dallars converted into sterling equivalent at current rate of exchange.
Name of the payee or order
Essentials
1)
2)
3)
4)
5)
6)
7)
8)
The word “Bill of Exchange” or “Draft”; An unconditional order in writing; Date and place of issue; Tenor of payment; Amount; Name and address of the drawee; Name of the payee or order; Drawer’s signature(s);
(1)Pay to XXX only/not transferable (2)Pay to XXX/the order of XXX/XXX or order (3)Pay to bearer/XXX or bearer
Bill of Exchange
Exchange for US $ 1901.15
Pay
the order of A Co. the sum of one thousand US Dollars plus intetrest calculated at the rate of 6% per annum (from the date hereof to the date of payment).（算头不算尾） The date of issuance:Sep.23 The date of payment:Oct.23 Sep.23——Sep.30 8days Oct.1——Oct.23 22days Intetrest:1000×6%×30÷360=5 Total amount:1000+5=1005
To:The X Y Importing Corp. No.15-5 Lane London. The AB Exporting Corp. (signature) Exporter Manager
Acts
Issuance Endorsement Presentation
Acceptance
The
most common versions of drafts are: (1) SIGHT DRAFTS which are payable when presented. (2) TIME DRAFTS (also called usance drafts) which are payable at a future fixed (specific) date or determinable (e.g., 30, 60, 90 days) date.