国际经济法精品教学(华南师范大学)financing.pptVIP

Financing A. FINANCING FOREIGN TRADE（对外贸易融资） B. BILLS OF LADING（提单） C. BILLS OF EXCHANGE（汇票） D. PROMISSORY NOTES（本票） E. NEGOTIABILITY OF BILLS AND NOTES（票据的流通性） F. THE NEGOTIATION AND TRANSFER OF BILLS AND NOTES（票据的流转） G. LETTERS OF CREDIT（信用证） H. FINANCING FOREIGN OPERATIONS（对外经营融资） A. FINANCING FOREIGN TRADE The Financing of Foreign Trade: Involves the underwriting, paying and collecting of money for the purchase of goods and services. Trade Documents: are used to facilitate the financing of foreign trade. Bills of Lading: documents of title that represent the goods being traded (discussed in Lecture 10). Bills of Exchange and Promissory Notes: documents used for transferring money from the buyer to the seller. Letters of Credit: documents used to guarantee the sellers delivery of goods and the buyers delivery of money. B. BILLS OF LADING 1. The Essential Document for all international sales A document of title: It represents the goods. Allows for transfer of title while goods are in the possession of a carrier or warehouseman. C. BILLS OF EXCHANGE  1.Defined: A bill of exchange (or draft) is — A written, dated and signed instrument. Containing an unconditional order. From drawer. Directing drawee. To pay a payee. A definite sum of money. With payment to be made. On demand, or At a specified future date. 2. Bills of Exchange are Negotiable Instruments “Negotiable” means: the drawer cannot refuse to pay a proper holder because — The underlying contract was improperly performed, or The instrument was improperly entered into. Importance: Bills of exchange are more readily salable and, therefore, useful financial tools. 3. The Laws Governing Bills of Exchange a. Anglo-American laws: English Bills of Exchange Act (BEA) of 1882. Applicable in UK and commonwealth countries. United States Uniform Commercial Code (UCC). Adopted in all US states except Louisiana. b. Model laws applicable in the rest of the world: Uniform Law on Bills of Exchange and  Promissory