文档介绍：Unit 11
Terms of Payment
I. Introduction
1. International Trade Payment
Payment plays an important role i”;
(2) Commission on unconditional payment;
(3) The amount of money fixed;
(4) Name of the payer;
(5) Name of the payee;
(6) Date of draft;
(7) Signature of the drawer.
A draft lacking one of the items listed above is invalid

(1) Draw under;
(2) Interest;
(3) Number;
(4) Amount in figures;
(5) Tenor;
(6) Payee;
(7) Amount in words;
(8) Payer;
(9) Signature of drawer;
(10) Place and date of issuing.
根据信用证条款填写汇票。
开证行名称：Amrobank Netherlands .
信用证号和日期：752058/2534 Nov. 20, 2007
信用证金额：US$
发票号码：0745034
开证申请人：CBI Dorwin Ltd., Frederiksberg Alle 68, Rotterdam
受益人：Shanghai Morning Star Corporation
议付行：Bank of China, Shanghai Branch
信用证形式：We hereby open this irrevocable documentary credit available by negotiation against presentation of the documents detailed herein and of beneficiary’s draft(s) on us at 30 days after sight.
Kinds of Drafts
Drafts can be classified from different angles.
(1) Sight Draft and Time Draft
According to the difference of payment time, drafts can be classified into sight draft and time draft.
① Sight draft refers to the draft which should be paid upon presentation or at sight.
② Time draft refers to the draft which can be paid within a certain time limit or at a specific date.
(2) Banker’s Draft and Commercial Draft
According to the difference of drawer, drafts can be classified into banker’s draft and commercial draft.
① Banker’s draft refers to the draft whose drawer and drawee are both banks.
② Commercial draft refers to the draft whose drawer can be company or person, and payer can be company, person or bank.
(3) Clean Draft and Documentary Draft
According to whether there are commercial documents attached, drafts can be classified into clean draft and documentary draft.
① Clean draft refers to the draft without commercial documents attached.
② Do