交大国际支付与结算讲义exercise one

1、Exercise one 一、Put the following into English 1、以银行信用为基础的结算Settlement on bank credit2、货币波动的可能性the potential for currency fluctuation3、出口清关:clear the goods for export.4、支付保费:payment insurance premium5、办理出口手续：responsibility for export formalities 6、国际贸易的主要参与者The major participants in international tra

2、de7、商品检验条款: Commodity inspection clause8、履行交货责任: fulfills his obligation to deliver 9、货物已越过船舷:the goods passed the ships rail 10、国际贸易合同是在与国内贸易合同完全不同的环境下进行的International contracts must be prepared and negotiated in a completely different context than domestic ones 二、Fill in the blanks to complete eac

3、h sentence 1.An international sales contract is not merely a document setting forth quantity, price, delivery arrangement of the product; it must also take into account the local 1egal system and political and exchange risks in the country involved.2.Settlement on commercial credit usually includes

4、Payment in advance ,Open account , Remittanceand Collection.3. Settlement on bank credit includes Letter of Credit and Bank guarantee .4.Trade terms are also called price terms or delivery terms.5.While the EXW(Ex Word)term represents the minimum obligation for the seller, DDP represents the maximum

5、 obligation.6. Payment in advance is most advantageous to the seller.7. Open account is least advantageous to the seller.8.Collection can be divided into Documentary collection and Clean collection 三、define the following terms 1.international trade：国际贸易International trade is the exchange of goods an

6、d services produced in one country for those produced in another country In most cases countries do not trade the actual goods and servicesRather they use the e or money from the sale of their products to buy the products of another country 国际贸易是以一国的产品和劳务交换另一国的产品和劳务。通常情况下，国与国之间并不直接用产品和劳务相交换，而是以销售产品所

7、得的收入来购买另一国的产品和劳务。2.trade terms：贸易术语Trade terms are also called “price terms”/ “delivery terms”. Trade terms are key elements of international contract of sale, since they tell the parties what to do with respect to: Delivery terms, Price terms, Delivery obligation, the popular trade terms are develo

8、ped and issued by ICC “Incoterms2000” incluedes 13 trade terms. 贸易术语又称为价格术语、交货术语，它是国际销售合同的重要组成部分，用简洁语言告诉各个参与方该做重要事项：如交货条件、价格条件、交货义务等。最常见的贸易术语是国际商会ICC “Incoterms2000” ，它包括13种贸易术语。3.open account：赊销An arrangement between the buyer and seller whereby the goods are manufactured and delivered before payme

9、nt is requiredOpen account provides for payment at Some stated specific future date and without the buyer issuing any negotiable instrument evidencing his legal commitmentThe seller must have absolute trust that he will be paid at the agreed date It provides the least risk for the buyer，and the grea

10、test risk for the seller这是一种在买方没有支付货款之前卖方先交货的支付安排。赊销一般允许买方在规定的未来某一天付款而不需要发行任何议付工具来表明其法定许诺。卖方必须对买方在约定日期付款有绝对自信。这种支付方式对买方风险最小，对卖方风险最大。 4.advance payment：预付It is also called advance payment The buyer places the funds at the disposal of the seller prior to shipment of the goods or provision of servicesW

11、hile this method of payment is expensive and contains a degree of risk，it is quite common when the manufacturing process orservices delivered are specialized and capital intensiveIn such circumstances the parties may agree to fund the operation by partial payment in advance or by progress payment 买方

12、在卖方装运货物或提供服务之前把资金置于卖方处置之下。这种支付方式对买方成本和风险较高，往往用于资本密集型制造产品或专业化服务。这种情况下双方往往同意预先支付一部分资金或者分批付款。5.sales contract：销售合同The sales contract is a written agreement that clearly states the rights and responsibilities of both parties to a transaction销售合同是一个书面协议，它清楚规定交易双方的权利和责任。四、decide whether the following stat

13、ements are true or false 1.Incoterms set out the obligation of the buyer( F )2.Under the term CFR, it is the sellers responsibility to procure the insurance for the goods transport ( F )3.Documentary credit affords a high degree of safety for both the buyer and seller ( T )4.Advance payment, open ac

14、count, documentary collection and letter of credit are the usual means of payment to settle international trade tractions ( T )5.To the seller of the goods, the most satisfactory arrangement as far as payment is concerned is to receive it in advance ( T )6.The term FAS can only be used for sea or in

15、land waterway transport ( T )7. The term EXW represents the minimum obligation for the importer ( F )8. The trade term DES should be followed by named port of destination( T )9.Clean collection is collection for financial documents without commercial documents being attached( T )10.Trade on open acc

16、ount terms usually satisfies the sellers desire for cash and the importers desire for credit( F ) 五、Choose the best answer to each of the following statements1.To the exporter, the fastest and safest method of settlement is_B_.A.letter of credit B.cash in advanceC.open account D.bankers draft2. To t

17、he importer,the fastest and safest method of settlement is_C_.A.letter of credit B.cash in advanceC.open account D.collection 3.Under a letter of credit, the exporter can receive the payment only when_C_.A. he has shipped the goods B. he has presented the documentsC. the documents presented comply w

18、ith the credit termsD. the importer has taken delivery of the goods.4. Settlement by documentary credit is fair to_B_A. the bank involved B.the trading companies concernedC. the shipping company D.all of the above5.An additional risk borne by the seller when granting a credit to the buyer is that th

19、e latter will not _ D _A. accept the bill B.take up the documentsC. take delivery of the goods D.make payment at maturity6. _D_is a compromised method between open account and cash in advance.A. letter of guarantee B.remittanceC. treasury bill D. documentary collection 7. The trade term FOB means fr

20、ee on board(named_A_)A. port of shipment B. port of destinationC. premises D.place of destination8.Under the trade term_C_, the seller might undertake to clear the goods for import into the buyers country.A. EXW B. FOB C. DDP D.FAS9. The trade term CIF should be followed by_ A _.A. named port of des

21、tination B. named port of shipmentC. named place of destination D. named place10. Under the trade term FOB Tokyo,the freight should be_ C _.A. pre-paid by the exporter B. paidC. payable at destination D. payable at the port of loading11. Under the trade term_B_, the importer undertakes the least obl

22、igation.A. CIP B. DDP C. DDU D. EXW12. Under the trade term_D_, the exporter undertakes the least obligation.A. CIP B. DDP C. DDU D. EXW 13. According to Incoterms 2000,there are _ D _ different trade terms .A. 6 B. 11 C. 14 D. 1314. The trade term CPT should be followed by_C_.A. named port of destination B. named port of shipmentC. named place of destination D. named place15. The trade term DAF should be followed by_ D .A. named port of destination B. named port of shipmentC. named place of destination D. named place16. In the Incoterms 2000, any obligation which does not