商务单证 世纪商务英语 齐齐哈尔职业学院外语系

introduction Bill of Exchange is also called Draft or Bill. It is an unconditional order in writing addressed by the drawer to drawee, requiring the drawee to pay on demand, or at a fixed or determinable future time a sum certain in money to or to the order of a specified person, or to bearer. It is a negotiable bill. Drawing and accepting a draft involves issue, presentation, acceptance, payment, endorsement, etc. DEFINITION Unit 3 Bill of Exchange

Himart Commercial Acceptance Draft/Bill and Bank’s Acceptance Draft/Bill Sight Draft/Bill and Time Draft/Bill Clean Draft/Bill and Documentary Draft/Bill Banker’s Draft/Bill and Commercial Draft/Bill Forms

Himart A Bill of Exchange should contain: issuing date and place, payment tenor, Amount, payee the name and signature of the drawer unconditional Order; payer Words of ‘Bill of Exchange REQVIREMENTS L/C

Number of L/C should be specified on L/C terms Contents 6.Amount of the Draft ( 汇票金额 ) 3.Date of L/C It covers the first 3 items on the draft. It begins with “Drawn under.In the case of collection, the first three should not be filled in. Date of L/C should also be specified on L/C terms. It is usually filled in by the bank to clear the interest or charges. 4.Interest Rate It can be the same as the invoice number for the checking purpose. 1.Drawing Clause 2.Number or L/C 5.Number of Draft The amount should be the same as that in the invoice, that is, the actual payment due.

If it is a sight draft, the mark of “XXXX” or “****” should be filled in, which means “At Sight”. If it is a time draft, the actual days should be specified. Contents 12.Signature of the Drawer 9.Payee It is the date when beneficiary presents the draft to the bank for negotiation. It is usually filled in by the negotiating bank. It should be in conformity with the amount in figures, using expressions like “say…only”, It includes the currency and amount in words. 10.Amount in Words It is the payer of the draft, which is usually the issuing bank or named by it under L/C, or the importer under collection. 7.Date of Issue 8.Tenor 11.Drawee The drawer id the principal （委托人） on collection terms, while it is the beneficiary on L/C terms. It usually covers the name of the drawer and the signature of the person in charge. It is named ( 指定 ) by the drawer. Usually it should be the negotiating bank according to the L/C or collecting bank on collection basis

Practice Make out the relevant Draft with the following information from the L/C. From: STANDARD AND CHARTERED BANKLTD. COPENHAGEN +COPENHAGEN To: BANK OF CHINA, TAIYUAN BRANCH Doc. Credit Number *20 : 002/ Date of Issue 31C : (YY-MM-DD) Expiry *31D : Date (YY-MM-DD) Place CHINA Applicant *50 : DE TUINKRAMERB.V. Beneficiary *59 : CHINA NATIONAL ARTS ﹠ CRAFTS CORPORATION TAIYUAN BRANCH TAIYUAN FOREIGN TRADE BUILDING 85-99, ZHONGSHAN ROAD7, TAIYUAN, CHINA

Amount *32B : Currency USD Amount, 16, Available with/by *41D : ANY BANK FOR NEGOTIATION Draft at … 42C : DRAFTS AT 30 DAYS SIGHT FOR FULL INVOICE VALUE Drawee 42A: DONTUSU COMMERCIAL BANK, HONGKONG Latest Date of Ship. 44C: (YY-MM-DD) Descript. Of Goods 45A: 5.314UNITS WIRE PRODUCTS CIF ROTTERADAM USD3.15 PER UNIT AS PER CONTRACT NO. 2005KE 1985