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Chapter 11 Payment 货款的支付 The operation process of draft includes: to draw, presentation, acceptance, payment, endorsement, dishonor and recourse. Drafts are negotiable instruments and may be sold. If the drawer is a commercial concern, the bill is called a commercial bill. It is often used in foreign trade finance. If the drawer is a bank, the bill is called a banker’s bill. It is mainly used in remittance. The fixed or determinable future time may be a certain number of days after acceptance: a) At … days after sight, such as “30 days sight or “60 days after sight”; b) At … days after date if draft, such as “90 days after date of this draft”; c) at fixed date in the future, such as “On May 12, 2006”. 拒付(Dishonor) 又称退票:持票人提示汇票要求付 款时遭到拒绝付款(Dishonor by Non-payment )或持 票人提示汇票要求承兑时,遭到拒绝承兑(Dishonor by Non-acceptance) 因:付款人破产、逃匿、死亡等 Read Draft on book (3)draft(s) drawn under this credit to be marked:“Drawn under…Bank L/C No.……Dated (issuing date of credit)” 根据本证开出得汇票须注明“凭……银行……年……月……日(按开证日期)第……号不可撤销信用证项下开立” ??????? (4)drafts in duplicate at sight bearing the clauses “Drawn under…L/C No.…dated…” 即期汇票一式两份,注明“根据……银行信用证……号,日期……开具” ??????? (5)draft(s) so drawn must be in scribed with the number and date of this L/C 开具的汇票须注上本证的号码和日期 ??????? (6)draft(s) bearing the clause:“Drawn under documentary credit No.…(shown above) of…Bank” 汇票注明“根据……银行跟单信用证……号(如上所示)项下开立” Exercise 1 A. Read the bill of exchange below and answer questions. TWO COPIES No. 80W5069-2 Date: 4th DEC. 2008 EXCHANGE FOR USD63,162.00 At 90 DAYS sight of this FIRST OF EXCHANGE (second of the same tenor and date unpaid) pay to the order of OURSELVES the sum of __________________________Value received Draw under LC No. 314955B OF 1ST AUG. 1999 ISSUED BY YOURGOODSELVES TO HORNER HENAN NATIVE PRODUCE ANIMAL TRUST CO.
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