| 1.
|
is a bankers cheque which the bank draws on itself and sells to the customer.
|
| 2.
|
is the postal cheque system.
|
| 3.
|
is used for transactions relating to goods, services and capital, whereas
relate mainly to transactions involving goods.
|
| 4.
| A
bill is one that is not paid on the due date.
|
| 5.
| A
is a promise made by the drawer to pay a certain sum of money to or to the order of the
of the bill on a specified date.
|
| 6.
| A
must be met before or on the due date, i.e. honoured at
.
|
| 7.
| A discount of 2% shall
automatically if payment is effected within the stipulated 30 days and a
will be issued.
|
| 8.
| An advantage for the exporter of payment by bill is that the draft can be
|
| 9.
| Bills can be
if the drawer endorses the bill.
|
| 10.
| If telegraphed, the transfer is known as a
, and if mailed it is known as a
.
|
| 11.
| If the account has not been settled by November 20 we will make a
.
|
| 12.
| In accordance with the terms of payment we
on you at 30 days
for the amount of the enclosed invoice.
|
| 13.
| Our bank returned the above bill
yesterday.
|
| 14.
| The advantage for the importer is that he is given a credit, provided the bill is not a
.
|
| 15.
| The deposition of a bill by a drawee with a bank for payment when due is called
.
|
| 16.
| The draft is drawn by the
on the
, who is to pay or accept it.
|
| 1.
| Clean payment is used
transactions relating
goods, services and capital and provides
the following methods
payment.
|
| 2.
| The International Giro form is obtained
any Post Office, filled
and handed
the Post Office.
|
| 3.
| The bank fills
the IMO
the customer and
a small charge hands the IMO
the Buyer.
|
| 4.
| IMOs can be cashed or credited
the recipients account.
|
| 5.
| International Bankers Draft is a bankers cheque which a bank draws
itself and sells
the customer.
|
| 6.
| Further
our conversation we confirm that the below terms
payment will apply
the contract.
|
| 7.
| The cost of the goods shall be settled
IMO
shipping documents.
|
| 8.
| Payment shall be
bank transfer
30 days
receipt
the commercial invoice.
|
| 9.
|
view
the above we would like to remind you
your obligations connected
the opening
the LC.
|
| 10.
| Cost
storage will be charged
your account.
|
| 11.
| The bill of exchange is drawn
the drawer
the drawee who is to meet it
the due date, i.e. to honour
maturity.
|
| 12.
| When a drawee deposits a bill
the bank the bill is domiciled
the bank.
|
| 13.
| If the documents are to be surrendered only
payment payment
sight, the documentary bill is known as a D/P bill or a sight draft.
|
| 14.
| On August 11th 20__ pay
this Bill of Exchange
the order
Bank
Foreign Economic Affairs
Russia, Moscow, the sum
$100,000.00.
|
| 15.
|
accordance
the terms
payment we have drawn
you
30 days sight
the amount
the enclosed invoice. The documents will be released
acceptance.
|
| 16.
| Please note that the bill
exchange was not met
you
the due date. We insist
your immediate explanation.
|
| 17.
| Drafts representing ten installments are to be drawn
the Buyers
payment
the Moscow Export bank.
|
| 18.
| Our export orders are usually transacted
documents
payment (D/P) terms
Bill
Exchange.
|
| 19.
| The drafts are to be drawn
3 months
interest
5% per annum.
|
| 20.
| We hereby undertake to accept and pay all the drafts regularly drawn
us
this credit.
|
| 21.
| We enclose a Bill
Exchange drawn
Klups & Co.
5%
$5,000.00
60 days.
|
| 22.
| We instructed our bank to credit your account
High Stock Bank, Moscow,
$4,000.00.
|
| 23.
| All the drafts drawn
you
3 months should be cashed
maturity.
|
| 24.
| The draft has been made
payment 30 days
sight and the documents will be handed
you
acceptance.
|
