Unit4ExecutionoftheContract整理課件TermsofPayment:L/C※Collection(D/PandD/A)※Remittance※OpenaccountCashinadvance整理課件TermsofPayment:Collection:托收Theexporterauthorizesthebanktocollectthemoneyfromtheimporter.出口人委托銀行向進口人收取貨款D/P:documentsagainstpayment付款交單D/A：documentsagainstacceptance承兌交單整理課件TermsofPayment:Remittance匯付

Thebuyerhimselfremitsmoneytothesellerthroughb/c.Mailtransfer信匯Telegraphictransfer電匯Demandtransfer票匯Note:Onlywhenthetransactionsareverysmallandthefinanceinvolvedissmalltoo.整理課件1.L/C:DefinitionRESONSOFUSINGL/C：：foreigncreditreportsareoftensketchyanddonotgivetherightinformation.Thecountryinwhichtheforeignimporterislocatedmaybeinaweakfinancialposition.Importerisreputable,conditionsbeyondhiscontrolpreventhimfromfulfillinghisobligation.整理課件1.L/C:DefinitionGenerally:adocumentaryletterofcreditisdefinedasinstrumentbywhichabankpromisestopaythesellerforhisgoodsprovidingthesellerconformexactlytotheconditionlaiddownintheL/C整理課件1.L/C:DefinitionSpecifically:itisanarrangement,wherebythebuyerrequireshisbanktoestablishacreditinfavoroftheseller.Thebuyer’sbankundertakes,orauthorizesitscorrespondentbankintheexporter’scountry,topaytheexporterasumofmoneyagainstpresentationofspecifiedshippingdocuments.整理課件1.L/C:DefinitionAdvantages:Securityofpaymenttotheexporter.Enablethebuyertoensurethathereceivedthegoodsasordered.整理課件L/C:Partiesinvolved:applicant申請者ThepartywhoappliesfortheopeningofL/C,usuallyimporter.:openingbank開戶行WhichopenstheL/Cupontherequestoftheimporter.Itisresponsibleforthepaymentofthegoods.整理課件L/C:Partiesinvolved:advisingbank通知銀行Usuallythecorrespondentofissuingbank開證行代理行Thebankintheexporter’scountrywhoinformstheexporterthataL/Chasbeenopenedinhisfavor,andtransfertheL/Ctotheexporter.整理課件L/C:Partiesinvolved:beneficiary受益人Usuallytheexporter,whoisentitledtoreceivetheL/Cforthepaymentofthegoods.:negotiatingbank議付銀行Thebankwhobuyanexporter’sdraftsubmittedtoitunderaL/Candthenforwardthedraftanddocumentstotheopeningbankforreimbursement.Usuallyistheadvisingbank.整理課件L/C:Partiesinvolved:paymentbankUsuallytheopeningbankorathirdbankdesignatedbank,makespaymenttothebeneficiaryagainstpresentationofstipulateddocuments.:confirmingbank保兌行ThebankwhichisrequestedtoadditsowncommitmenttotheL/C,USUALLYtheadvisingbank.整理課件L/C:chiefcontentsthepartiesinvolvedRemarksofthel/c,theNo.,type,date,etc.Theclausesofthebillofchange,suchastheamountofbill,draweranddrawee,thepayingdatetheamountofL/Ctheclausesaboutthedocuments,descriptionofthegoods整理課件L/C:chiefcontentsguaranteeclausesoftheopeningbank,whichtestifiesthattheopeningbankwillholditselfresponsibleforthepaymenttothebeneficiaryortheholderofthedrafts.Particulateclauses整理課件L/C:proceduresTheimporterappliestotheissuingbankfortheL/Capplicationform:restatementoftheclausesofthesalescontractTheL/Cisdrawnbytheissuingbank.TheadvisingbankinformsthesellerofthearrivalofL/C整理課件L/C:proceduresThebeneficiarychecktheL/C,heshouldmainlyfocuson:TheshippingdateThetimeofvalidityofL/CQuantityofgoodsandamountofpaymentTheaddressofthebeneficiaryThepriceterm,loadingandunloadingportsInsuranceclausesTheconsigneeoftheB/LPackingdescriptionofthegoods整理課件L/C:proceduresWhenthesellerhasmadesuretherearenomoreproblems,heshouldmakethedeliveryofthegoodsandthencomestonegotiatingbankfornegotiation.Havingeffectedthepaymenttothenegotiatingbank,thepayingbankthenpresentsthedocumentstothebuyeruponhispaymentoftheamountofthedueoracceptanceofthedraft.Withthedocumentsthebuyercangetthedeliveryofthegoods.整理課件L/C:classificationsRevocable/irrevocableL/CConfirmed/unconfirmedL/CSightL/CandusanceL/CTransferable/nontransferableL/CRevolvingL/CBacktobackL/CRedclausecreditsStandbyL/C整理課件L/C:TrueorfalseexercisesUnderl/c,themoneyofthebankisusedforthesettlementofthepaymentininternationaltrade.Theopeningbankisusuallyabankwheretheexporterkeepsanaccount.ThenegotiatingbankmustbedesignatedintheL/CThepayingbankcanclaimitspaymentbackbyexercisingtherightofrecourse.整理課件L/C:TrueorfalseexercisesAnadvisingbankisusuallylocatedinthecountryoft