国际贸易实务(英文版)(第二版)ppt周瑞琪7.International Payment
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最新国际贸易实务(英文版)(第二版)ppt周瑞琪2.Trade Terms培训资料
“Risk” refers to accidental damage to the goods.
time: when does the risk pass from the sellers to the
buyers?
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2.2.2 Categorization of Terms
Arrival
Delivered at Frontier (…named place) Delivered Ex Ship (…named port of destination) Delivered Ex Quay (…named port of destination) Delivered Duty Unpaid (…named place of destination) Delivered Duty Paid (…named place ofSdEeIsBtionf aGtDioUnF)S
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2.2 Basics of Incoterms 2000
2.2.1 Scope of Governance
Parties involved: concerning only 2 parties -seller & buyer
Document applied: only to the contract of sale
货交承运人（…指定地点） 船边交货（ …指定装运港） 船arriage paid
Cost and Freight (…named port of destination)
成本加运费（ …指定目的港）
Cost, Insurance and Freight (…named port of destination)
国际贸易实务(英文版)(第二版)(PPT),帅建林,978-7-5663-0314-1
Balance of Payments The balance of payment = the difference between money coming into a country and money going out of the country + money flows coming into or leaving a country from other factors. favorable balance of payments VS unfavorable balance of payments
In contrast, portfolio or indirect investments, are chiefly motivated by short- to medium-term profits. They may include equity investments that do not involve an active role in management or bonds and other debt instruments issued by foreign companies and governments. As financial markets around the world become increasingly integrated in recent years, international portfolio investments have become popular with investors as a vehicle of diversification further hastening the process of international financial integration.
In contrast, portfolio or indirect investments, are chiefly motivated by short- to medium-term profits. They may include equity investments that do not involve an active role in management or bonds and other debt instruments issued by foreign companies and governments. As financial markets around the world become increasingly integrated in recent years, international portfolio investments have become popular with investors as a vehicle of diversification further hastening the process of international financial integration.
国际贸易实务(英文版)(第二版)周瑞琪1Gerneral_int
Visible trade / tangible goods trade
Mostly consuming goods: cars, wines, shoes etc. Needs customs declaration
Invisible trade / intangible goods trade
services and technology Needs no customs declaration
and restrictions
Sources of information
Domestic organizations: Ministry of Commerce and its provincial committees
Overseas organizations: Chinese Embassy, the Local banks, the agent and the local newspaper / journal articles
trade realize the importance of contract
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Concept of international trade
International trade / world trade / foreign trade / overseas trade
If unable to apply or get the import and export licenses
The exporter needs to consider to do business under EXW term
The importer needs to consider to do business under DDP term
Mostly consuming goods: cars, wines, shoes etc. Needs customs declaration
Invisible trade / intangible goods trade
services and technology Needs no customs declaration
and restrictions
Sources of information
Domestic organizations: Ministry of Commerce and its provincial committees
Overseas organizations: Chinese Embassy, the Local banks, the agent and the local newspaper / journal articles
trade realize the importance of contract
SEIB OF GDUFS
4
Concept of international trade
International trade / world trade / foreign trade / overseas trade
If unable to apply or get the import and export licenses
The exporter needs to consider to do business under EXW term
The importer needs to consider to do business under DDP term
国际贸易实务(英文版)(第二版)周瑞琪8.Documentationppt课件
e.g. packing supplied by manufacturers the requirements of relevant laws &
regulations
.
5
8.4 Export documents
Documents required during negotiation or goods preparation: Export License (Specimen 8.1)
export documents
.
2
8.1Significance delivery: delivery of goods by the handover of title documents, instead of physical goods
Chapter Eight
Export Documentation
Learning objectives
After reading this chapter you should be able to
understand the importance of documentation in export transaction
the correct preparation and presentation of relevant documents at different stages ensure a smooth transaction
.
3
8.2 Basic requirement for documentation
the exporting firm’s invoice addressed to the foreign importer describing key transaction details, esp. total value and
regulations
.
5
8.4 Export documents
Documents required during negotiation or goods preparation: Export License (Specimen 8.1)
export documents
.
2
8.1Significance delivery: delivery of goods by the handover of title documents, instead of physical goods
Chapter Eight
Export Documentation
Learning objectives
After reading this chapter you should be able to
understand the importance of documentation in export transaction
the correct preparation and presentation of relevant documents at different stages ensure a smooth transaction
.
3
8.2 Basic requirement for documentation
the exporting firm’s invoice addressed to the foreign importer describing key transaction details, esp. total value and
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7.1 Issues In Concern
Who will bear the credit risk? In what currency the payment would be made? What are the costs of each method of payment? What might be the political or legal risks?
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Procedure of a B/E practice
Acceptance 承兑 --- Draft honored by acceptance
The act of the payer making acceptance by crosssigning on the face of the bill and promising to pay on or before the expiry date of a time/usance draft An accepted bill shall be returned to the presenting party
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6
7.2 Paying Instrument :
Draft / Bill of Exchange 汇票
Definition: A draft is an unconditional written order addressed by one person to another, singed by the person giving it, requiring the addressed person to pay at sight or at a fixed future time the sum of money clearly specified, to the payee or to his order.
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11
Procedure of a B/E practice
Payment 付款--- Draft honored by payment
For sight draft, the payer pays to the payee a specified sum of money indicated on the draft at presentation.
Dishonor 拒付
The refusal of the drawee or payer to make payment or acceptance of a duly presented draft Holder can recourse the drawer for payment To exercise his right of recourse, the bill holder needs to present a Certificate of Protest (拒付证明）from a notary public Draft with the word “without recourse” can hardly be discounted
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15
Types of draft
Clean draft vs. documentary draft 光票与跟单汇票 Banker’s Draft vs. Commercial draft 银行汇票与商业汇票 Sight draft vs. time draft 即期汇票与远期汇票
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Three parties concerned
Drawer (Exporter) Bill of exchange
Drawee/Payer (Importer/ Importer’s bank)
Payee (Exporter/ Exporter’s bank)
Money
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13
Procedure of a B/E practice
Discount 贴现
An accepted draft is negotiable If the holder wants to get money before mature date, the draft can be discounted by a discounting bank at the prevailing discount rate It is the sale of an accepted time bill for less than its face value before its maturity date.
Chapter Seven
International Payments
Learning objectives
After learning this chapter you will be able to:
identify the key issues in handling international payments understand the use of paying instruments, especially the bill of exchange2 define the three basic terms of payment compare and contrast the characteristics of terms of payment identify the major parties involved in different payment methods state the stages involved in using a letter of credit explain the variations of documentary credit establish a basic understanding of export financing
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Procedure of a B/E practice
Issuance 出票
The act of the drawer issuing a draft to the drawee
Presentation 示票
The act of the payee or the bearer presenting the draft to the payer for payment or acceptance Two results: being honored or dishonored
The party to whom B/E is addressed If sight draft, make payment If time draft, accept the draft and pay when the amount is due Under L/C – the bank Under collection – the importer
If not stipulated, regarded as Sight draft
The name of the drawee The name and signature of the drawer The name of the payee or order or bearer The endorsement of the payee when applicable
C: The payee/beneficiary
The party who is supposed to receive the payment usually the exporter or the bank at which the drawer has his account Present B/E to the payer for payment or acceptance
SEIB OF GDUFS
3
Determinant Factors of Payment
Nature of merchandise Industry norms/practices Distance between buyer and seller Potential currency fluctuation Political & economic stability Relationship between buyer and seller
证
SEIB OF GDUFS
5
International Payment
Differences between payment instruments and payment terms
payment instruments --- Financial documents which can be used in different manners serving specific paying purpose payment terms --- A series of activities or operations facilitating the movement of funds from one destination to the other
SEIB OF GDUFS 4
International Payment
Credit instruments
Bill of Exchange/ Draft 汇票 Promissory Note 本票 Check 支票
Terms of payment
Remittance 汇付 Collection 托收 Letter of Credit 信用
SEIB OF GDUFS 7
Three parties concerned
7.1 Issues In Concern
Who will bear the credit risk? In what currency the payment would be made? What are the costs of each method of payment? What might be the political or legal risks?
SEIB OF GDUFS
12
Procedure of a B/E practice
Acceptance 承兑 --- Draft honored by acceptance
The act of the payer making acceptance by crosssigning on the face of the bill and promising to pay on or before the expiry date of a time/usance draft An accepted bill shall be returned to the presenting party
SEIB OF GDUFS
6
7.2 Paying Instrument :
Draft / Bill of Exchange 汇票
Definition: A draft is an unconditional written order addressed by one person to another, singed by the person giving it, requiring the addressed person to pay at sight or at a fixed future time the sum of money clearly specified, to the payee or to his order.
SEIB OF GDUFS
11
Procedure of a B/E practice
Payment 付款--- Draft honored by payment
For sight draft, the payer pays to the payee a specified sum of money indicated on the draft at presentation.
Dishonor 拒付
The refusal of the drawee or payer to make payment or acceptance of a duly presented draft Holder can recourse the drawer for payment To exercise his right of recourse, the bill holder needs to present a Certificate of Protest (拒付证明）from a notary public Draft with the word “without recourse” can hardly be discounted
SEIB OF GDUFS
15
Types of draft
Clean draft vs. documentary draft 光票与跟单汇票 Banker’s Draft vs. Commercial draft 银行汇票与商业汇票 Sight draft vs. time draft 即期汇票与远期汇票
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Three parties concerned
Drawer (Exporter) Bill of exchange
Drawee/Payer (Importer/ Importer’s bank)
Payee (Exporter/ Exporter’s bank)
Money
SEIB OF FS
13
Procedure of a B/E practice
Discount 贴现
An accepted draft is negotiable If the holder wants to get money before mature date, the draft can be discounted by a discounting bank at the prevailing discount rate It is the sale of an accepted time bill for less than its face value before its maturity date.
Chapter Seven
International Payments
Learning objectives
After learning this chapter you will be able to:
identify the key issues in handling international payments understand the use of paying instruments, especially the bill of exchange2 define the three basic terms of payment compare and contrast the characteristics of terms of payment identify the major parties involved in different payment methods state the stages involved in using a letter of credit explain the variations of documentary credit establish a basic understanding of export financing
SEIB OF GDUFS 10
Procedure of a B/E practice
Issuance 出票
The act of the drawer issuing a draft to the drawee
Presentation 示票
The act of the payee or the bearer presenting the draft to the payer for payment or acceptance Two results: being honored or dishonored
The party to whom B/E is addressed If sight draft, make payment If time draft, accept the draft and pay when the amount is due Under L/C – the bank Under collection – the importer
If not stipulated, regarded as Sight draft
The name of the drawee The name and signature of the drawer The name of the payee or order or bearer The endorsement of the payee when applicable
C: The payee/beneficiary
The party who is supposed to receive the payment usually the exporter or the bank at which the drawer has his account Present B/E to the payer for payment or acceptance
SEIB OF GDUFS
3
Determinant Factors of Payment
Nature of merchandise Industry norms/practices Distance between buyer and seller Potential currency fluctuation Political & economic stability Relationship between buyer and seller
证
SEIB OF GDUFS
5
International Payment
Differences between payment instruments and payment terms
payment instruments --- Financial documents which can be used in different manners serving specific paying purpose payment terms --- A series of activities or operations facilitating the movement of funds from one destination to the other
SEIB OF GDUFS 4
International Payment
Credit instruments
Bill of Exchange/ Draft 汇票 Promissory Note 本票 Check 支票
Terms of payment
Remittance 汇付 Collection 托收 Letter of Credit 信用
SEIB OF GDUFS 7
Three parties concerned