Transcript Unit 11 Payment  一、Instruments of Payment Currency Draft Promissory Note Cheque  二、Modes of Payment Remittance Collection L/C  三、Payment Clause in S/C.

Unit 11
Payment

一、Instruments of Payment
Currency
Draft
Promissory Note
Cheque

二、Modes of Payment
Remittance
Collection
L/C

三、Payment Clause in S/C
Draft/Bill of Exchange

（一）Definition: Draft, is defined as “an
unconditional order in writing, addressed by
one person to another, signed by the person
giving it, requiring the person to whom it is
addressed to pay on demand, or at a fixed
or determinable future time, a sum certain in
money, to, or to the order of a specified
person, or to bearer”. .
(二)、Contents in Draft
1）Involved Parties
出票人 （Drawer）
受票人 (Drawee) = Payer
收款人 (Payee)
（三）Classification of Draft
1、According to different the Drawer
（1） Banker’s Draft银行汇票
（2） Commercial Draft商业汇票
2、According to Shipping Documents
attached按照有无随附货运单据
（1） Clean Draft光票或净票、白票
（2） Documentary Draft跟单汇票
3、According to the time of payment按照付
款时间的不同
（1） Sight Draft即期汇票
（2） Usance Bill or Time Bill远期汇票

4.According to acceptance party

(1)Commercial Acceptance Bill 商业承兑汇
票
(2)Banker’s Acceptance Bill银行承兑汇票

Promissory Note

Definition: Promissory Note is a written
and signed promise to pay a stated
amount of money to a particular
person.
Cheque



Definition: Cheque is a written order to a bank to
pay a certain sum of money from one’S bank
account to another person.
The payer of a check is the drawer of the check.
A cheque drawn on a bank overseas cannot be
readily negotiated by the exporter. If the exporter’s
bank were prepared to negotiate it for him, then he
would receive payment right away, but at the cost of
the discount．Failing this, the exporter would have
to ask his bank to collect the cheque for him and
this would be both time—consuming and relatively
expensive.
Modes of Payment
 支付方式从资金的流向与支付工具的传递方向划分，可
分为顺汇和逆汇。汇付采用顺汇，托收采用逆汇。
一、 Remittance汇付
(一） Definition & Involved Parties汇付的含义及当
事人
1、Definition汇付的含义
2、Involved Parties汇付的当事人
Remitter汇款人
Payee收款人
Remitting Bank汇出行
Paying Bank汇入行或解付行
Remittance汇付
M/T信汇 T/T电汇
票汇D/D
Mail transfer
Demand Draft
Telegraphic
transfer
二、托收（Collection）
（一）Definition & Classification
Definition
Classification：


光票托收（Clean Collection）
跟单托收（Documentary Collection）
（二）Parties Involved
（一） Documentary Collection跟单托收
Principal
（1）S/C
Importer
（5）
Exporter
Payer
Bank in Export
Country
Remitting
bank
（4）
（7）
Bank in Import
Country
Collecting
Bank
（三）Classification of Collection

按交单条件的不同，可分为以下两种：
1、付款交单（Documents against
Payment,D/P）
（1） D/P at sight即期付款交单
(2) D/P after sight远期付款交单
If the date of payment is late than the date of receipt of cargo
若付款期限晚于到货期限，in order to grasp favorable time to
resale the goods, the buyer can adopt the following way:
Make the advanced payment against documents提前付款赎
单
Borrow documents against Trust Receipt凭信托收据借单
(e.g.:D/P.T/R)
D/A的支付程序
Payer
（8）
Collecting
bank
（8）payment
Remitting bank
（7）Document
（4）Collection
（5）Presentation
Principal
（1）S/C
1、Definition of L/C
At the request of the Buyer，
Issued by Bank Conditioned
付款
the doctrine of strict compliance
单证相符，单单一致
Guaranty of
payment保证书。
二、Parties involved in L/C
1、 Applicant开证申请人,或开证人（Opener)
2、 Opening Bank,Issuing Bank开证银行
3、 Advising Bank,Notifying Bank通知银行

通知行只负责鉴别L/C的真实性，不承担其他义务。
4、 Beneficiary受益人
5、 Negotiating Bank议付银行、押汇银行或贴现
银行
6、 Paying Bank付款银行
7、 Confirming Bank保兑银行

保兑银行具有与开证银行相同的责任和地位。
（二）L/C的开立形式
1、 To open by Airmail信开本
2、 To open by Cable电开本
（1） Brief Cable简电本 （UCP500 Article 11 a(ii).
简电本不是有效的L/C文
件，不能作为交单议付的依
据。
（2） Full Cable全电本
（3）SWIFT L/C（全球银行金融电讯协
会）
五、L/C的种类
（一）按L/C下的汇票是否随付货运单据
1、 Documentary L/C跟单L/C
2、 Clean L/C光票L/C
（六） Revolving Credit循环L/C
1、The classification
（1）revolving with time按时间循环L/C
（2）revolving with amount按金额循环L/C
2、Advantages循环L/C的优点
3、The applicable scope循环L/C的适用范围：be
applicable for partial shipment equally适用于分
批均匀交货
4、Specimen of Revolving Credit
（七） Reciprocal Credit对开L/C
1、The characteristics对开L/C的特点
2、 The applicable scope对开L/C的适用范围

Frequently used in barter, compensation trade and
ect.多用于易货贸易、来料加工或补偿贸易业务。
（八） Back to Back Credit对背L/C或转开L/C
1、对背L/C的适用范围
2、开立对背L/C后，有关条款的变更
（九） Anticipatory L/C预支L/C
1、预支方式(包括向开证行预支和向议付行预支）
2、 Red Clause L/C红条款L/C
3、 Green Clause L/C绿条款L/C
 开证行要求受益人必须将预支货款下的货物，以开证
行的名义存放在出口国海关仓库，受益人凭“栈单”
和以后补交单据的声明书，预支部分货款。
*Differences between Standby L/C & L/G ：
1 Different International Custom Practice适用的
国际惯例不同
 ISP98: the International Standby Practices
1998
（1998年国际备用信用证惯例）
 URDG458: Uniform Rules for Demand
Guarantees
（见索即偿保证书统一规则）
 URCG325: Uniform Rules for Contract
Guarantees
（合同保证统一规则）
2 Different Features
四、Utilization of Various methods
of Payment各种支付方式的运用
Remittance
Collection
L/C
A set of
original
documents
三、Combination of Collection & Stand-by L/C or
L/G托收与备用信用证或银行保函相结合
四、Combination of Remittance, Collection and L/C
汇付、托收和信用证相结合
1、 Payment by Installments分期付款
2、 Deferred Payment延期付款
3、Difference between payment by installments and
deferred payment



The degree of settlement of payment货款清偿程度不同
The time of transformation of title所有权转移时间不同
The interest paid支付利息费用不同
（二）Payment in Installments & Deferred
Payment分期付款与延期付款
Payment in Installments分期付款：
Put into
Production
投产
10%
Commodity
Inspection
商检
Shipment
装船
10%
60%
Cargo
Arrival到货
Reinspection
验收
10%
10%
Deferred Payment延期付款：
Put into
Production
投产
10%
Take
delivery
of goods
交货
Check &
Accept验
收
03.8.
04.8.……
10%
10%
10%
10%