国际贸易实务Chapter7 International payment.pptVIP

The procedure of T/T电汇流程图 Remitter (Importer) payee (Exporter) Remitting Bank (in importer’s country) Paying Bank (in exporter’s country) 5.Reimbursement claim 3.Payment order by Cable/telex/SWIFT Contract 2.T/T receipt 1.Written Appli-cation 4. Funds The procedure of D/D票汇流程图 remitter payee Remitting bank Paying bank 1) D/D application 2)Bank demand draft 3)bank demand draft 4)Presenting 5)payment 6)Reimbursement claim  Comparison of the M/T, T/T and D/D Items T/T M/T D/D Methods of transfer Cable/Telex/SWIFT Airmail Mail or carried by remitter Time of transfer Fastest Slow Slow Security Quite safe Reliable, but may be lost in post Stop-payment is time consuming Charge High Low Lowest Conception of Collection The Involved Parties Types Procedure of Documentary Collection Advantages and Disadvantages Remarks for Collection 2.2 Collection 2.2. Collection Collection Conception of Collection Definition Collection is an arrangement whereby the seller draws a draft on the buyer and authorizes its bank to collect. Nature of Collection Collection is a kind of commercial credit. Collection The Involved Parties Principal Remitting Bank Collecting Bank Payer Types Documents against Payment: D/P --Classification D/P at sight D/P after sight Documents against Acceptance，D/A D/P at sight After the shipment, the seller draws a sight draft and makes presentation of it with the full set of shipment documents to the buyer through the banks, and the buyer makes the payment at sight of the bill; the bank releases the documents to the buyer on receipt of the full payment from the buyer. D/P after sight After the shipment, the seller draws a time draft and makes presentation of it with the full set of shipment documents to the buyer through the banks, and the buyer accepts the bill after confirming it and makes the payment on the mature date; then the bank releases the documents to the buyer. Procedure of Documen