付款方式英文

1、Factors determining the payment methodNature of merchandiseIndustry norms/practicesDistance between buyer and sellerPotential currency fluctuationPolitical & economic stabilityRelationship between buyer and sellerThe main methods of payment in international business are as follows: Method of pay

2、ment Kinds of payments with times （1）Payment before delivery 交货前付交货前付款款 （2）Payment as delivery 交货时付款交货时付款 （3）Payment after delivery 交货后付款交货后付款 Definition An unconditional order in writing addressed by one person to another, signed by the person giving it, requiring the person to whom it is addressed

3、 to pay on demand, or at a fixed or determinable future time, a certain sum in money to, or to the order of , a specified person or bearer.Parties involvedDrawer Drawee/PayerBill of exchangePayeeMoneyremit: v. to send (money) usu. Through the post, or by telegraph or cable.Definition of Remittance a

4、fter conclusion of a business transaction, the debtor instructs his bank to send (remit) the transaction amount to his creditor in export country. It is the debtor who takes initiative to send the payable amount to his creditor.Parties Involved Remitter Remitting BankPaying Bank Beneficiary/PayeeIns

5、truction ImporterLocal Bank ILocal Bank EExporterInstruction Money Middle BankTypes of remittanceMail Transfer (M/T) 信汇Telegraphic Transfer (T/T) 电汇By cableBy telexBy SWIFT (Society for Worldwide Inter-bank Financial Telecommunications)Remittance by Bankers Demand Draft (D/D) 票汇Remittance in practic

6、ePayment in advancePayment after arrival of goodsShipment on consignmentCharacteristics of remittanceRisky: based on commercial creditFinancing requirement: either for buyer or sellerConvenient, comparatively low costDefinition A means of payment ensuring that the goods are handed over to the buyer

7、only when he pays the amount shown on a bill or when he accepts the bill and commits to pay by a specified dateParties involvedPrincipalRemitting BankCollecting Bank Drawee Instruction + Doc ExporterLocal Bank ELocal Bank IImporterInstruction + DocDocumentsMiddle BankMoneyDocumentary CollectionDocum

8、ents against Payment (D/P)D/P at sightD/P after sight (including D/P-T/R)Documents against Acceptance (D/A)Clean CollectionProcedure of Documentary CollectionExporter collecting shipping documents;Exporter drawing a B/E on importer;Exporter submitting all docs with docs for collection to his bank &a

9、mp; instructing his bank to effect collection for him;Remitting bank forwarding B/E with other docs to its correspondent bank in importers countryCollecting bank/presenting bank releasing docs to importer upon receipt of payments or acceptance from importer;Collecting bank remitting payments to remi

10、tting bank;Remitting bank crediting payment to principals account.Definition - The written promise of a bank, undertaken on behalf of a buyer, to pay a seller the amount specified in the credit provided the seller complies with the terms and conditions set forth in the creditContents Name & addr

11、ess of opening bank;Date of issuance of L/C;Number of L/C;Unit price and/or credit amount;Description of cargo;Type of L/C;Name & address of the parties concerned;Documents that shall be provided;Details of shipment;Validity period for L/C & latest date for shipment;Fees clauses;Special clau

12、se.Settlement By negotiationBy acceptanceBy paymentBy deferred paymentTypes of L/CDocumentary vs. CleanRevocable vs. IrrevocableConfirmed vs. UnconfirmedSight (payment) credit vs. Usance/time creditPayment credit vs. Acceptance creditStraight credit / negotiation creditOpen negotiation credit vs. Re

13、stricted negotiation credit Types of L/CTransferable vs. Non-transferableRevolving credit vs. Non-revolving creditReciprocal creditBack to Back creditAnticipatory / Red Clause creditStandby credit Letter of Credit L/C 信用证信用证 Irrevocable Letter of Credit 不可撤销信用证不可撤销信用证 Confirmed Letter of Credit 保兑信用证保兑信用证 Divisible Letter of Credit 可分割信用证可分割信用证 Transferable Letter of Credit 可转让信用证可转让信用证 Sight Let