2ho. lWdshdiciffhermenetthidoedaso.f payment is the safest for either the seller or the buyer in your opinion?
For the seller, the safest method of payment is cash in advance, or telegraphic transfer; for the buyer, the safest method of payment is cash on delivery.
services are available in China. Please find out from the following table the full name for each, and talk about the banks.
Huaxia Bank
华夏银行
China Merchants Bank
招商银行
Bank of Communications
交通银行
Citibank
花旗银行Βιβλιοθήκη The Hong Kong and Shanghai Banking Corporatio汇n丰银行
Bank of Beijing
北京银行
Industrial and Commercial Bank of China 中国工商银行
China Construction Bank
中国建设银行
Unit 5 Payment
Task 2 Banks play a very important role in paying in international
trade. The following are the main business banks deal in. Which business are you familiar with? Which business do you think is related to payment in international trade?
Unit 5 Payment
1
Warming-up
2
Reading A
3
Listening
4
Speaking
5
Reading B
6
Writing
7
Project
8 Vocabulary and Structure
Unit 5 Payment
Task 1 The following logos represent four major banks whose
Deposit
√ Collection
Investmen t
Withdrawa l
Credit Card Loan
Remittance √
Unit 5 Payment
Reading A
Background Information Task 1 Text Task 2 Task 3 Task 4
Background Information Risk is the primary concern in payment in international trade. Both the exporter and the importer face risks because of the characteristics of international trade. So business people adopt various terms of payment according to how much risk is involved. Each party seeks a term that is favorable to him or her but that the other party will also accept. To avoid possible financial losses, both the seller and the buyer must understand the various methods; otherwise, he or she may accept a method of payment that is riskier or more expensive. And as a result, cost may offset the profit.
Unit 5 Payment
Reading A
Payment in International Trade
There are many ways of payment in international trade. The three modes of payment usually used are Remittance, Collection and Letter of Credit.
Unit 5 Payment
Reading A
Task 1 Before reading the passage, see how much you know about
payment in international trade by answering the following questions.
or the buyer makes the payment with the goods never received; financial losses—the buyer receives the shipment or the seller receives the payment later than the date stated in the contract; dispute—the buyer receives the shipment but claims the goods are inferior or not in compliance with the contract, for which the seller
1. What are the risks that dealers may be faced with in international Cphaeyamt—etnhte? seller makes the shipment but is never able to receive the payment,