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UnitSevenStudyobjectivesPaymentTermsMajorMethodsofPaymentinForeignTradeⅡ.Openaccount(往来帐户)Cheque(支票)Banker’sdraft(银行汇票)TelegraphicTransfer(电汇)Ⅲ.DocumentaryBillofExchange(跟单汇票)Ⅳ.IrrevocableLetterofCredit不可撤消信用证3)Theimporter’sbank(theissuingbank)sendsaLetterofCredittoabankintheexporter’scountry(theadvisingbank).4)Theexporterpresentstheshippingdocumentstotheadvisingbankasproofthattheshipmenthasbeendispatched.Ifeverythingisinorder,theyarepaid.5)Theadvisingbanksendsthedocumentstotheissuingbank.6)Theadvisingbanksendsthedocumentstotheimporter,whousesthemtoobtaindeliveryofthegoods.信用证是银行用以确保买方或进口方有支付能力凭证。在国际贸易活动中,买卖双方可能互不信任,买方担心预付款后,卖方不按协议要求发货;卖方也担心在发货或提交货运单据后买方不付款。所以需要两家银行做为买卖双方确保人,代为收款交单,以银行信用代替商业信用。银行在这一活动中所使用工具就是信用证。可见,信用证是银行有条件确保付款证书,成为国际贸易活动中常见结算方式。按照这种结算方式普通要求,买方先将货款交存银行,由银行开立信用证,通知异地卖方开户银行转告卖方,卖方按协议和信用证要求条款发货,银行代买方付款。PartiesinvolvedinLC..ThegeneralprocedureofusingaL/C.ContentsofL/CSpecificationaboutoftheL/CClausesaboutdocumentsClausesaboutthecommodityShipmentclauses7.1Dealingwithfigures——StepADiscussionStepBStepC7.2CashflowVocabularyReadthisarticleanddecidewhatsortofpeoplethearticleiswrittenforandwhichpiecesofadvicedoyoufindmostunhelpful?Arguably,thearticleisaimedatsmallbusinesspeople.Suggestedanswersfor7.2.2a5b3c8d10e1f4g9h6i2j77.3Changingprices:DealingwithinvoicingerrorsStepASinceouraccountsdepartmenthasrecentlyreceivednewcomputingequipmentwecanonlyconcludethattheerroroccurredbeforetheprogramhadbeenfullytested.Thecorrectamountdueforthe25grossactuallydeliveredis$5,832.00.Thismeansthedifferencenowdueis$648.00.Weapologizeforanyinconveniencewemayhavecausedyouandlookforwardtodoingfurtherbusinesswithyouinthefuture.Yourssincerely,G.AaltioG.AaltioAccountsDepartment7.4LettersofCreditVocabularyStepAStepB7.5ChasingpaymentHowtochaselatepaymentVocabularyStepAStepB..