019Payment范例.ppt

Payment Introduction Payment268 Mode of payment 付款方式 D/A (document against acceptance) 承兑交单 Customary practice 惯例 Deposit 押金，存款 Tie up 占用 balance 余额 Default 不履行责任或契约 Expiry date 到期日，失效日期 D/P (document against payment) 付款交单 Leeway 回旋余地 Useful Phrases The L/C is valid for fifteen days after the shipment date. 信用证在起运日后15天内有效 I hope you will do business more flexibly and leave us some leeway in future terms of payment. 做生意灵活些 Introduction There are three basic payment in International Trade: Remittance（汇付）, Collection（托收）and L/C（信用证） In Remittance, the buyer remit money to the seller through a bank. This term is often used in payment in advance, cash with order (CWO订货付现)and open account (往来帐户), with risk on both parties. Usually it is used between companies that are trustworthy to each other in former transactions. Remittance includes Mail Transfer (M/T 信汇), Telegraph Transfer (T/T 电汇) and Demand Draft (D/D 票汇) Introduction In Collection, the seller issues a draft attached to the shipping document, forwards it to a bank in his place (the remitting bank 汇付行), make an application for collection and entrusts the remitting bank to collect the purchase price from the buyer through its correspondent bank (the collecting bank 代收行). This term is used when the exporter and importer know each other well, or the sum is small. Collection includes Document against Payment (D/P 付款交单at sight or after sight) or Document against Acceptance (D/A 承兑交单 always after sight). Introduction Letter of Credit is a reliable and safe method of payment for trade with unknown buyers and gives protection to both sellers and buyers with the third party---bank getting involved. The parties concerned to a documentary credit are: the applicant (importer/buyer), the issuing bank (开证行), the advising bank (通知行), the confirming bank (保兑行), if any, the nominated paying / negotiating / accepting bank (付款行/议付行/承兑行), and the beneficiary (seller/exporter). Procedure for L/C Payment A contract concluded, p