第四章 托收.pptVIP

chapter 4 Chapter 4 Collections 4.1 Definition “Uniform Rules for Collections” (URC 522) #2 — documents 4.2 The main parties involved in collection 4.3 Workflow 4.4 Classification of collections 4.5 Three terms of release of documents-P326 Exercise 4-1: remitting bank sends the collecting order accompanied the bill in April 5. and bill is obtained by the collecting bank in April 20,which day is the date of acceptance / payment / delivery of docs. for D/P at sight, D/P at 30 days, D/A at 30 days? 4.6 The liability of parties involved in collections 2) in the collection order ⑵instruct in time the principal must instruct the bank in time when the bank tell him the accident ⑶ pay the commission charges 2. The remitting bank-P328 3. The collecting bank (the agent) 4. The drawee 4.7 the practice of the documentary collection 3) Notation / instructions for the lodging of a protest in the event of dishonor 5)Instructions for notification of agent or representative in the buyers country 2.The remitting bank checks principals application for collections and the accompanying docs. 4.The remitting bank completes the collection order under the principals application addressed to the collecting bank and sent out together with the documentary bill for collection –P71 c. If the bill of lading is made out to order, it must be endorsed in blank by the shipper(who is usually the exporter) f. If the invoice shows which incoterms apply, check that the documents conform to it 4.8 Summary of the Provisions of URC 1) Article 1 and 2 state that baks will act in good faith and exercise with reasonable care. Bank must check that appear to have received the documents which are specified in the collection order, but they have no obligation to examine the documents any further. 2) Article 3. Where the principal specifies a collection bank, the remitting bank will use that bank. Where no collection bank is specified, the remitting bak will choose a collecting bank. 3