Learning Objectives（教学目标）

After completing this unit, students should be able to:

—talk about different modes of payment;

—master vocablaries and expressions related to terms of payment;

—understand the basic elements of an L/C;

—recommend the use of an L/C.

How to negotiate terms of payment?

Vedio Learning: Do you know the main payment terms in international trade? 

For reference:

(1) Remittance (汇付): 

      A. Telegraphic Transfer, T/T (电汇)

      B. Mail Transfer, M/T (信汇)

      C. Demand Draft, D/D (票汇)

(2) Collection (托收)

       A. Documents against Payment, D/P (付款交单)

            Documents against Payment at sight, D/P at sight

            (即期付款交单)

            Documents against Payment after sight, D/P after sight

            (远期付款交单)

       B. Documents against Acceptance (承兑交单)

(3) Letter of Credit (信用证)