Unit 15 (课件）-《外贸英语口语》同步教学（西南财经大学出版社）

Terms of Payment (支付条款) Unit Fifteen 1 目录 Directory. Warm-up Key Terms Background Information Dialogues 参考译文 Notes Exercises 2 第一节 Warm-up 3 Warm-up As we all know, payment is the final goal of all business activities. Without the guarantee of the payment, these activities shall lose their meaning. In international trade, both the seller and the buyer expect the security of the transaction. The exporters would prefer being paid as soon as possible, while the importers would like to collect the goods on time. There are many risks confronted with both parties, such as bankruptcy, political situation, economic policy adjustment, force majeure, etc. Therefore, terms of payment are very important in the contract for they protect both the buyer and the seller in the trade. 4 Warm-up In international trade, the modes of payment is much more complex than that in domestic trade. Generally speaking, there are three main modes of payment used in international payment and settlement: Remittance. The way the importer transfers a certain amount of money to the exporter through banks. This way is generally used between the trustworthy trade partners. Collection. The way the exporter remits the bank to collect the payment. In this case, the remitting bank would only be liable for the collecting and remitting. L/C(Letter of Credit). This is the most popular payment method in international trade for it protects both the exporter and the importer. Each method has its own advantages and disadvantages to the respective parties. 5 第二节 Key Terms 6 Key Terms terms of payment 支付条款 applicant /ˈæplɪkənt/ n. (开证)申请人 beneficiary /ˌbenɪˈfɪʃərɪ/ n. 受益人 remitter /rɪˈmɪtə/ n. 汇款人 drawee /drɔːˈiː/ n. 受票人 drawer /drɔː(r)/ n. 出票人 remittance /rɪˈmɪtns/ n. 汇款 bill of exchange 汇票 remittance by banker demand draft (D/D) 票汇 collection /kəˈlekʃn/ n. 托收 sight / demand draft 即期汇票 the remitting bank 汇出行 Mail Transfer(M/T) 信汇 Telegraphic Transfer(T/T) 电汇 issuing bank 开证行 collecting bank