Part2 Reading I.Answer the following questions. 1 What are the instruments of payment commonly used in international trade? Drafts,remittance,promissory notes,checks and so on. ⑤大连理工大学出版社
Part 2 Reading I. Answer the following questions. 1 What are the instruments of payment commonly used in international trade? Drafts, remittance, promissory notes, checks and so on
Part2 Reading I.Answer the following questions. 2 What is a draft?Explain the types of drafts. A draft is an unconditional written order issued by one person (the drawer)to another (the drawee),requiring the latter to pay on demand,or at a fixed time or determinable future time a sum of money to or to the order of a specified person,or to the bearer(the payee).A draft can be a sight draft or a time draft(usance draft),a commercial draft or a banker's draft,a clean draft or a documentary draft. ⑤大连理工大学出版社 五王至四
Part 2 Reading I. Answer the following questions. 2 What is a draft? Explain the types of drafts. A draft is an unconditional written order issued by one person (the drawer) to another (the drawee), requiring the latter to pay on demand, or at a fixed time or determinable future time a sum of money to or to the order of a specified person, or to the bearer(the payee). A draft can be a sight draft or a time draft (usance draft), a commercial draft or a banker’s draft, a clean draft or a documentary draft
Part2 Reading I.Answer the following questions. 3 What is the main advantage of L/C? Payment by LC can solve the conflicting problem that the buyers prefer to gain control over the goods before paying the money,while the sellers prefer to get paid before releasing the goods.It is a kind of banker's credit,which means that the banker is responsible to pay money and tender documents on behalf of both parties. ⑤大连理工大学出版社
Part 2 Reading I. Answer the following questions. 3 What is the main advantage of L/C? Payment by L/C can solve the conflicting problem that the buyers prefer to gain control over the goods before paying the money, while the sellers prefer to get paid before releasing the goods. It is a kind of banker’s credit, which means that the banker is responsible to pay money and tender documents on behalf of both parties
Part2 Reading I.Answer the following questions. 4 What are the types of L/C? There are many types of L/C such as revocable L/C,irrevocable L/C,sight L/C,usance L/C, unconfirmed L/C,confirmed L/C,clean L/C,documentary L/C,transferable L/C,nontransferable L/C,revolving L/C,bank to bank L/C and so on. ⑤大连理工大学出版社 五王至四
Part 2 Reading I. Answer the following questions. 4 What are the types of L/C? There are many types of L/C such as revocable L/C, irrevocable L/C, sight L/C, usance L/C, unconfirmed L/C, confirmed L/C, clean L/C, documentary L/C, transferable L/C, nontransferable L/C, revolving L/C, bank to bank L/C and so on
Part2 Reading I.Answer the following questions. 5 Under what conditions can collection be used in international trade? (Open).Payment through collection is accepted only when the financial standing of the importer is sound or where a previous course of business has inspired the exporter with confidence that the importer will be good for payment. ⑤大连理工大学出版社
Part 2 Reading I. Answer the following questions. 5 Under what conditions can collection be used in international trade? (Open). Payment through collection is accepted only when the financial standing of the importer is sound or where a previous course of business has inspired the exporter with confidence that the importer will be good for payment