Module 3 Task One Payment（课件）-《外贸函电》同步教学（中国石油大学出版社）

Module Three Business Execution Task One Payment Objectives After completing this part, you will be able to 1. Have a general idea of three means of payment in international trade; 2. Introduce the terms of payment; 3. Write letters urging the establishment of the L/C; 4. Understand the L/C; 5. Check the L/C and write letters asking for amendment; 6. Write letters asking for extension of the L/C; 7. Master the useful words, expressions and sentences. I Introduction Payment plays a very important role in international trade. It is much more complicated than that in domestic trade. No export transaction can be said to be successful until payment has been effected for the goods delivered overseas. If payment is not ensured then all will be meaningless. Therefore, it is vitally important to ensure payment in a sound way. Among many modes of payment in international trade, there are three basic ones which are commonly used: remittance, collection and letter of credit. Remittance means that the importer remits the amount of money to the exporter through banks according to the terms and time stipulated in the contract. There are three kinds of remittance：Mail Transfer（M/T）, Telegraphic Transfer（T/T）, and Demand Draft（D/D）. Remittance is often used in payment in advance, cash with order, and open account. It is usually used between companies which are trustworthy to each other in former transaction. When the exporter is expanding his market, remittance can be used as a kind of preferential treatment offered to the importers. I Introduction Collection is another mode of payment in international trade. In collection, payment is made through banks under the terms of Documents against Payment (D/P) or Documents against Acceptance (D/A). The exporter issues a draft, to which the shipping documents are attached, forwards the draft to a bank in his country (the remitting bank) and entrusts the remitting bank to collect the payment from the imp