国际贸易实务双语Chapter 3
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Answer the following questions.
1 How many parties are usually involved in international payment?
2 What are the tools used in international payment?
Chapter Three Part A English ห้องสมุดไป่ตู้ex
Bill of Exchange/Draft According to Article 19 in Negotiable Instruments Law of the PRC, Bill of Exchange (B/E) is defined as “a bill signed by the drawer, requiring the entrusted payer to unconditionally pay specified amount in money at sight of the bill or on a fixed date to the payee or the holder”.
Chapter Three International Payment and Settlement 国际支付与结算
Warming-up Exercise Part A English Tex Part B Bilingual Tex
Chapter Three Warming-up Exercise
International payment and settlement depend heavily on the use of bills instead of cash. Bill is used as a non-cash financial instrument of payment. Three major types of bills are bill of exchange (draft), promissory note and check.
represents the exporter. Drawee refers to the party who is ordered to make the sum of payment by the drawer,
usually it is the importer or the bank designated by the importer.
The name and the address of the drawee.
The name and the signature of the drawer.
The name of the payee or order or bearer.
Payment due date.
Date and place of issuance.
Payment Instruments
In every transaction receiving payment and making profit is the ultimate goal for the seller. Owing to the complicated nature of international trade, international payment involves many issues that are of great concern. One of these key issues is to select a proper payment instrument.
1. Contents
Words of “Bill of Exchange” or “Draft” must be on the draft. It is an unconditional order of payment.
A specific sum should be stated clearly.
Chapter Three Part A English Tex
Payment Instruments
Three parties are involved in bill of exchange: drawer, payee and drawee (payer). Drawer refers to the party
that issues the draft. Drawer is the exporter or the commercial bank that represents the exporter. Payee refers
to the party who is entitled to the sum of the draft, usually payee is the exporter or the commercial bank that
Chapter Three Part A English Tex
Payment Instruments
2. Types of Draft According to different criterion, draft is classified into the following types. (1) Clean Bill and Documentary Bill A clean bill refers to draft without any shipment documents. A documentary bill is the draft with commercial documents, especially with the cargo transportation documents. (2) Banker’s Draft and Commercial Draft Banker’s draft means both the drawer and drawee are banks. The draft is issued by a bank. The draft will be sent to the payee for payment by remitter. Then the payee can exchange the money received from the payer (the bank). Banker’s draft is normally clean bill.
1 How many parties are usually involved in international payment?
2 What are the tools used in international payment?
Chapter Three Part A English ห้องสมุดไป่ตู้ex
Bill of Exchange/Draft According to Article 19 in Negotiable Instruments Law of the PRC, Bill of Exchange (B/E) is defined as “a bill signed by the drawer, requiring the entrusted payer to unconditionally pay specified amount in money at sight of the bill or on a fixed date to the payee or the holder”.
Chapter Three International Payment and Settlement 国际支付与结算
Warming-up Exercise Part A English Tex Part B Bilingual Tex
Chapter Three Warming-up Exercise
International payment and settlement depend heavily on the use of bills instead of cash. Bill is used as a non-cash financial instrument of payment. Three major types of bills are bill of exchange (draft), promissory note and check.
represents the exporter. Drawee refers to the party who is ordered to make the sum of payment by the drawer,
usually it is the importer or the bank designated by the importer.
The name and the address of the drawee.
The name and the signature of the drawer.
The name of the payee or order or bearer.
Payment due date.
Date and place of issuance.
Payment Instruments
In every transaction receiving payment and making profit is the ultimate goal for the seller. Owing to the complicated nature of international trade, international payment involves many issues that are of great concern. One of these key issues is to select a proper payment instrument.
1. Contents
Words of “Bill of Exchange” or “Draft” must be on the draft. It is an unconditional order of payment.
A specific sum should be stated clearly.
Chapter Three Part A English Tex
Payment Instruments
Three parties are involved in bill of exchange: drawer, payee and drawee (payer). Drawer refers to the party
that issues the draft. Drawer is the exporter or the commercial bank that represents the exporter. Payee refers
to the party who is entitled to the sum of the draft, usually payee is the exporter or the commercial bank that
Chapter Three Part A English Tex
Payment Instruments
2. Types of Draft According to different criterion, draft is classified into the following types. (1) Clean Bill and Documentary Bill A clean bill refers to draft without any shipment documents. A documentary bill is the draft with commercial documents, especially with the cargo transportation documents. (2) Banker’s Draft and Commercial Draft Banker’s draft means both the drawer and drawee are banks. The draft is issued by a bank. The draft will be sent to the payee for payment by remitter. Then the payee can exchange the money received from the payer (the bank). Banker’s draft is normally clean bill.