外贸英语课件7

1. Bill of exchange 汇票 2. Promissory note 本票 3. Check 支票
1. Bill of exchange 汇票
A bill of exchange is an unconditional order in writing, signed by the person (drawer) such as a buyer, and addressed to another person (drawee), typically a bank, requiring the drawee to pay a stated sum of money to another person (payee), often a seller, on demand or at a fixed future time.
ቤተ መጻሕፍቲ ባይዱ
A bill of exchange must fulfill the following requirements:
• the word "Exchange" or draft • an unconditional order in writing • name and address of the drawee • drawer s signature, usually seller s signature • date and place of issue • name of the payee, usually the seller or its nominated bank.
2. Promissory note 本票
A promissory note is a written note by the maker who promises to pay a specific amount of money at a specific time to a specific payee or bearer. As a promissory note is a promise by the maker (instead of drawer) to pay to the payee, there are only two parties concerned, the maker and the payee.
• tenor • place of payment • amount In practice, there are three original parties to a bill of exchange: the drawer, the drawee and the payee. Generally the drawer is the exporter, the drawee is the importer, and the payee is usually the exporter or the order person of the drawer.
Types of bill of exchange
(1) Sight Draft / Term Draft • Sight Draft(demand draft) The sight draft is most commonly used in international trade. In a sight draft, the payment is on demand or on presentation of the negotiation documents to the paying bank or the importer. • Term Draft The term draft，also called time draft or usance draft, is used in a deferred payment arrangement. The payment is on the maturity date determinable in accordance with
1. Remittance 汇付
A remitter is the person who requests his bank to remit funds to a beneficiary in a foreign country. A remitter is also called the payer.
6.2 Modes of payment 支付方式
1. Remittance 汇付
2. Collection 托收
3. Letter of Credit 信用证
1. Remittance 汇付
Remittance means the importer on his own initiative remits money to the exporter through a bank or other ways according to the terms and time stipulated in the contract. • Parties involved in remittance business • Remitter----the importer
•
A remitting bank is the bank transferring funds at the request
of a remitter to its correspondent or to its branch in another country and instructing the latter to pay a certain amount of money to a beneficiary. • The paying bank----the bank in exporter’s place A paying bank is the bank entrusted by the remitting bank with paying a certain amount of money to beneficiary named in the remittance advice.
chapter 7 Payment
7.1 Instruments of payment 支付工具 7.2 Modes of payment 支付方式 7.3 Combination of different modes of payment 不同付款方式的结合
6.1 Instruments of payment 支付工具
(1)Parties involved:
• Payee or beneficiary----the exporter A person who is addressed to receive the remittance is called the payee or beneficiary. The remitting bank----the bank in importer’s place
Banker’s draft It is a draft drawn by a bank on another bank. Both the payer and payee are banks.
Handling a bill of exchange
The usage of a bill of exchange includes such stages: • • • • • issue presentation/acceptance payment endorsement dishonor
3. Check 支票
A check is an unconditional order in writing drawn on a bank signed by the drawer, requiring the bank to pay a certain sum of money to or to the order of a payee or to the bearer at sight. So it is also called a demand draft drawn on a bank. The drawer of a check must be a depositor that keeps an account current in the paying bank not less than the sum carried on the check, or the check will be dishonored when the holder presents it to the paying bank for payment. This kind of check is called bounced check.
2. Promissory note 本票
Promissory notes can be commercial notes, which are issued by firms, or bank notes, which are made by bank. The commercial promissory note can be sight promissory note or time promissory note, but bank promissory note is only the sight one. In international trade, most of promissory notes are drawn by bankers and commercial promissory notes are rarely used. In using the banker's promissory notes, the importer first needs to buy the promissory note from a bank, and then send it to the exporter for the settlement of payment.