《高级商务英语口语(第二版)》课件unit 7 Business Trade II.ppt
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- 高级商务英语口语第二版 高级商务英语口语第二版课件unit Business Trade II 高级 商务英语 口语 第二 课件 unit
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1、Chapter SevenBusiness Trade IIChapter Seven Teaching objective After the study of this chapter,the students are expected to:Learn about the main categories of international trade payment;Grasp the vocabulary and useful sentences involved with payment terms;Know how to make requirements on packing;Ma
2、ster the vocabulary and useful sentences involved with packaging.Chapter Seven Background InformationvInternational Trade Payment method can be divided into three categories:remittance,collection and letter of credit.Remittance and collection belong to commercial credit and letter of credit to banke
3、rs credit.vRemittancevRemittance is a transaction method to export under a condition to receive remittance directly.Remittance methods include D/D(demand draft;check remittance),M/T(mail transfer)and T/T(telegraphic transfer).Chapter Seven Background Information vDocumentary Collection vCollection i
4、ncludes Documents against Payment(D/P)and Documents against Acceptance(D/A).vD/P means that the exporter is to ship the goods ordered and deliver the relative shipping document to the buyer abroad through the remitting and the collecting bank with instructions not to release the documents to the buy
5、er until the payment for the goods is made.D/A is short for“documents against acceptance”,whereby the collecting bank will release the shipping document to the buyer without any payment but merely against a written promise of the buyer.Chapter Seven Background Information vLetter of Credit vA letter
6、 of credit is a document issued by a financial institution,or a similar party,assuring payment to a seller of goods and/or services.The seller then seeks reimbursement from the buyer or from the buyers bank.The document serves essentially as a guarantee to the seller that it will be paid by the issu
7、er of the letter of credit regardless of whether the buyer ultimately fails to pay.In this way,the risk that the buyer will fail to pay is transferred from the seller to the letter of credits issuer.The letter of credit also insures that all the agreed upon standards and quality of goods are met by
8、the supplier.Chapter Seven Background Information L/C is a most desirable mode of payment and this payment is guaranteed by a bank.This will not only give protection to both exporter and importer,but also render monetary assistance to both of them.L/C has a great variety.Among them,the irrevocable L
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