莲肉纤经黄大学 《商务英语》 授课教案 Chapter 32 Documentary Credit I.Objectives A.To gain an understanding of documentary credit and its unique feature B.To find out why documentary credit developed C.To gain an understanding of how the documentary credit operates D.To learn relevant words,expressions and structures II.Introduction Cash payment in international trade is rarely adopted;instead,non-cash payment is commonly used.Documentary credit is a very important means of payment.Payment by credit transfers the importer's obligation of payment to the bank,which ensures that the exporter can get payment safely and promptly.At the same time,the importer gets the shipping documents on time,against which the latter can take delivery of the shipment. 信用证支付方式是随着国际贸易的发展而逐步形成的。它在一定程度上解决了进出 口人之间互不信任的矛盾：同时，也为进出口双方提供了资金融通的便利。所以，自出现 信用证以来，这种方式发展很快，并在国际贸易中被广泛应用。当今，信用证付款已成为 国际贸易中普遍采用的一种主要支付方式。 III.Main points of the text A.Although cash payment is ideal,the most widely used method is payment by documentary credit,where a bank's credit is adopted. B.How documentary credit operates. C.1.Documentary credit is the product of international business and the development of world business is an immense impetus to the evolution of documentary credit. 2. Technological advance in banking,transportation and telecommunications makes possible the worldwide acceptance of credit operations. 3. The unique and characteristic feature of the documentary credit is the bilateral security it offers to both exporter and importer. IV.Background and terminology 1)open account::记账赊销 In a foreign transaction,an open account is a convenient method of payment and may be satisfactory if the buyer is well established,has demonstrated a long and favorable payment record,or has been thoroughly checked for credit worthiness.Under open account,the exporter simply bills the customer,who is expected to pay under agreed terms at a future date. 2)credit:信用 A contractual agreement for deferred payment in which a borrower receives something of value now,with the agreement to repay the lender at some date in the future as a result of a positive opinion by the particular lender concerning such borrower's and reliability. 3)documentary credit《商务英语》 授课教案 1 Chapter 32 Documentary Credit I. Objectives A. To gain an understanding of documentary credit and its unique feature B. To find out why documentary credit developed C. To gain an understanding of how the documentary credit operates D. To learn relevant words, expressions and structures II. Introduction Cash payment in international trade is rarely adopted; instead, non-cash payment is commonly used. Documentary credit is a very important means of payment. Payment by credit transfers the importer’s obligation of payment to the bank, which ensures that the exporter can get payment safely and promptly. At the same time, the importer gets the shipping documents on time, against which the latter can take delivery of the shipment. 信用证支付方式是随着国际贸易的发展而逐步形成的。 它在一定程度上解决了进出 口人之间互不信任的矛盾；同时，也为进出口双方提供了资金融通的便利。所以，自出现 信用证以来，这种方式发展很快，并在国际贸易中被广泛应用。当今，信用证付款已成为 国际贸易中普遍采用的一种主要支付方式。 III. Main points of the text A. Although cash payment is ideal, the most widely used method is payment by documentary credit, where a bank’s credit is adopted. B. How documentary credit operates. C. 1. Documentary credit is the product of international business and the development of world business is an immense impetus to the evolution of documentary credit. 2. Technological advance in banking, transportation and telecommunications makes possible the worldwide acceptance of credit operations. 3. The unique and characteristic feature of the documentary credit is the bilateral security it offers to both exporter and importer. IV. Background and terminology 1) open account: 记账赊销 In a foreign transaction, an open account is a convenient method of payment and may be satisfactory if the buyer is well established, has demonstrated a long and favorable payment record, or has been thoroughly checked for credit worthiness. Under open account, the exporter simply bills the customer, who is expected to pay under agreed terms at a future date. 2) credit: 信用 A contractual agreement for deferred payment in which a borrower receives something of value now, with the agreement to repay the lender at some date in the future as a result of a positive opinion by the particular lender concerning such borrower's solvency and reliability. 3) documentary credit