外贸函电 课件（机工）chpt7 Payment.ppt

Chapter Seven Payment Section 1 Introduction Understand the various methods of payment in order of decreasing risk to the seller and increasing risk to the importer (See Table 7-1, p.79) Understand the procedures of documentary credit transactions (See Figure 7-1 The three phases of documentary credit,p.81) Section 2 Specimen Documents Specimen 1: Advice of payment We have instructed our bank to arrange for a letter of credit for $8 789.90 to be paid against your pro-forma invoice No. H1167/G, and the proceeds will be credited to you as soon as Bank of China receive the documents. Specimen 2: Advice of payment Thank you for being so prompt in sending the documents for our last order, No. 15879. We have accepted the sight draft, and the bank should be sending you an advice shortly. We have been dealing with you on a D/P basis for over a year and would like to change to payment by 40-day B/E, D/A. When we first contacted you last February you told us that you would be prepared to reconsider terms of payment once we had established a trading association. We think that sufficient time has elapsed for us to be allowed the terms we have asked for. As we will be sending another order within the month, could you please confirm that you agree to these new terms of payment? Specimen 3: Advising the seller of credit issuance A confirmed, irrevocable letter of credit against S/C No. 2235 has been issued through the National Bank, London. The amount is GBP 20 000 and the expiry date July 15, 2012. Please approach your bank with this matter. You are authorized to draw a 45 days’ draft on the opening bank against this credit for the invoice amount, including the cost of freight and insurance, payable against a complete/full set of shipping documents, consisting of a full set of clean shipped on board ocean bills of lading made out to order and blank endorsed, marked “Freight Prepaid”, notifying the Applicant certificate of origin in duplicate signed invoice in tri