Chaite 3 intenational ziade payment 授漂教师秋琳娜
Chapter 3 International Trade Payment 授课教师 狄琳娜
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授 课 教 师 狄 琳 娜 Learning objectives: ◼ 1.To learn the most commonly used instruments of payment– bill of exchange, promissory note and cheques. ◼ 2.To learn the methods of payment in international trade– remittance, collection, letter of credit and bank guarantee
⑥天串科太 Sectiou17uotument of payment , Bile ot erchange laa ■2, Pramiodony uote 3. Check 授 课 师
授 课 教 师 狄 琳 娜 Section 1 Instrument of Payment ◼ 1. Bill of exchange (draft) ◼ 2. Promissory note ◼ 3. Check
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授 课 教 师 狄 琳 娜 1. Bill of exchange (draft) ◼ 1.1 Definition of bills of exchange ◼ 1.2 Contents of bill of exchange ◼ 1.3 Acts of bill of exchange ◼ 1.4 Types of bills of exchange
⑥灭串科技尖婴m温 exchange a bill of exchange (or draft as it is sometimes called)is a written, dated and signed instrument that contains an unconditional order from the drawer that directs the drawee to pay a definite sum of money to a t Payee on demand or at a specified future date. It is a ER useful instrument because it allows one party( the Ex drawer)to direct another( the drawee to pay money pp either to himself, to his agent, or to a third party
授 课 教 师 狄 琳 娜 1.1 Definition of bills of exchange ◼ A bill of exchange ( or draft as it is sometimes called) is a written, dated and signed instrument that contains an unconditional order from the drawer that directs the drawee to pay a definite sum of money to a payee on demand or at a specified future date. It is a useful instrument because it allows one party( the drawer) to direct another ( the drawee) to pay money either to himself, to his agent, or to a third party