Tiểu luận môn thanh toán quốc tế document in international payments

International Payments Chapter Documents in International Payments Class: Banking Intake: 56 Group: Group members  Đỗ Mỹ Hạnh  Nguyễn Thành Lâm  Bùi Mỹ Linh  Đào Quang Minh  Lê Trọng Nghĩa  Nguyễn Thanh Thảo  Nguyễn Thu Trang Jr I OVERVIEW  A letter of credit is an undertaking between the issuing bank and the beneficiary to pay, accept bill of exchange and make payment on maturity provided the beneficiary fulfills the requirement under a credit  Function: provides exporters and importers with an accounting record; shipping and logistics companies with instructions of what to with freight information; and banks with instructions and accounting tools for collecting payments  More complex than those used for domestic sales due to the special characteristics of international trade I OVERVIEW  The Uniform Customs and Practice for Documentary Credits (UCP) is a set of rules on the issuance and use of letters of credit  b UCP Article 17 : Original Documents and Copies A bank shall treat as an original any document bearing an apparently original signature, mark, stamp, or label of the issuer of the document, unless the document itself indicates that it is not an original c Unless a document indicates otherwise, a bank will also accept a document as original if it: i appears to be written, typed, perforated or stamped by the document issuer’s hand; or ii appears to be on the document issuer’s original stationery; or iii states that it is original, unless the statement appears not to apply to the document presented d If a credit requires presentation of copies of documents, presentation of either originals or copies is permitted Types of documents in international payments Transport document Goods documents Insurance document Transport document  Bill of lading  Airway bill  Non-negotiable sea way bill  Multimodal transport document     Transport document Bill of lading Definition  It’s a transport document signed by the carrier, or captain (sea) or agent of the carrier after goods have been received and waiting shipment Transport document Bill of lading Function  Evidence of contract of carriage with details of the amount, type, and destination of the shipped freight  Receipt that the goods have been properly loaded onto the transporting vessel  Title of goods Transport document Bill of lading Content  Carrier name and a signature from the carrier, the ship’s master, or a legal representative of either of these parties  Date and indication of goods being loaded onto a vessel  Notation of the port of loading and the port of destination  Terms and conditions of carriage or a reference to these conditions listed in another document  Detailed description of the goods being shipped (value, count, weight, size, markings/numbers, etc.)  Name of the consignee  Any special instructions for shipping Insurance Types  Insurance policies  Insurance certificate Insurance Insurance policies Definition  Insurance policies are documents issued by insurance organizations, including the key provisions of the insurance contract, in order to formalize this agreement Insurance Insurance policies Content  The general conditions and regular nature, in which it specifies the responsibility of the insurer and the insured.   The terms of the insured individual and the calculation of premiums Insurance Insurance certificate Definition  Insurance certificate is a document issued to the insurer by the insured to confirm the goods have been insured under the contract conditions Insurance Insurance certificate Function  Certificate for a shipment was insured, contribute to addressing the risks that may occur in the operating internationally  Solve somewhat damage occurred during sea operation because insurance is a form of risk diversification principle of community Insurance Insurance certificate Content  The content of the certificate of insurance covers only terms speak insured object, the details necessary for the calculation of premiums and insurance conditions agreed III DISCUSSION Who issues bill of lading? A Shipper B Carrier C Broker/Intermediary III DISCUSSION Who issues bill of lading? A Shipper B Carrier C Broker/Intermediary III DISCUSSION The content of certificate of insurane covers only terms speak insured object A True B False III DISCUSSION The content of certificate of insurane covers only terms speak insured object A True B False III DISCUSSION an invoice is a document sent to whom ? A buyer B seller C both A & B III DISCUSSION an invoice is a document sent to whom ? A buyer B seller C both A & B THANK YOU FOR LISTENING! ... copies of documents, presentation of either originals or copies is permitted Types of documents in international payments Transport document Goods documents Insurance document Transport document. .. Definition  Insurance policies are documents issued by insurance organizations, including the key provisions of the insurance contract, in order to formalize this agreement 3 Insurance Insurance... Clean Claused On board On deck Goods documents  Commercial invoice  Packing list  Certificate of origin Goods document INVOICE Definition An invoice is a document sent to a buyer that specifies