Thanh toán quốc tế UFM Nguyen Thi Thuy Giang

3/25/2020

To…
Name of company (sign)
…..( the opening bank/confirming bank, paying bank)…

Drawn under…… :….(the issuing bank) …………….........................………..
Irrevocable L/C No: …(the number of L/C)…. dated :…(issuing date)……….

Value received as per our invoice (s) No. (s) : …(the number of invoice)………
Dated ……… :….(date of invoice) …………………………………….…

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At… …(maturity date)… Sight of This First Bills of Exchange (Second of the same
tenor and date being unpaid) pay to the order of….(exporter bank, advising bank,
remitting bank)…………………………..
The sum of … … (currency in full name, amount of money in words ………………

Place… (Place where B/E drawn)…
Date:… (Date when B/E drawn).
For… …(amount of money in figures, name of currency)…………

No… (number of B/E) …

BILL OF EXCHANGE


3/25/2020

- This is based on the same, rather antiquated

logic, of having two or three bills of lading
designed to ensure that at least one arrives
successfully at destination.

- It is common for two, or even three, bills to be
drawn
up.

Why does a bill should contain the words ‘first
of exchange second unpaid’?

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3/25/2020

A termed bill (usance bill):
- accepted by the drawee
- not a guarantee of payment on maturity
-The exporter has agreed to allow a credit
period, for example 90 days.
- The buyer has a period of use of the
goods before having to pay.
-The credit term allowed in the bill can
run from the date of shipment (as
evidenced by the
transport document), the date of the bill
or even the date of invoice.
-Possible to arrange for the accepted bill
to be avalised by the buyer’s bank.

-In L/C the bank will accept the ‘termed
draft’.

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- is payable when the
holder presents it for
payment or at a stated
time after presentment.
- In L/C, assuming that no
documentary
discrepancies are found,
the bank will pay
against the ‘sight draft’

A sight bill: ( demand
bill)


A clean bill: no accompanying documents, &
while it is a valid means by which one party
can claim payment from another.



3/25/2020

A documentary bill: accompanied by the
shipping documents relating to the goods for
which payment is sought.



Types of Bill of exchange based on the
documents accompanied

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

3/25/2020

Bill of exchange in L/C method: often drawn
on the issuing/confirming bank; the drawee on
such bills will be a bank rather than the buyer;
reflect whether the L/C is payable at ‘sight’ or
contains an credit term which requires a 90day bill drawn on the issuing bank. In both
cases, the bill will contain a clause referring to
the relevant letter of credit.
 Bill of exchange in Collection method:
drawn on the buyer; the drawee on such bills
will be a buyer;

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Types of Bill of exchange based on the method of
payment

3/25/2020

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Ha........., .... (7)

(Signed)

(6)
3/25/2020

Import-export Co.(8)

To…(3)….

Date/wired

...........................................................................

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Drawn under……………………………………………………………

The sum of (2)……………………………

At …(4)…. sight of this FIRST of exchange (Second of the
same tenor and date being unpaid). (2) Pay to ……(5)…...

For: (2)………….

No: 01/XK

Bill of Exchange (1)

CONTENT OF B/E


3/25/2020

1/ B/E title
2/ An unconditional order to pay a determine
sum of money
3/ Name, address of the Drawee
4/ Time of payment
5/ Beneficiary
6/ Place of payment
7/ Place and date of issue
8/ Name, address of Drawer and signature of
the legal representative of the Drawer

CONTENTS OF BILL OF
EXCHANGE

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

3/25/2020

In the same language as B/E content

1/ B/E title

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

3/25/2020

Pay to
 Drawer: issues without condition
 Drawee: pay upon demand without
condition
 Amount must be a specific number, in
figures and/ or in words.
 In case of difference between figure and
word amount, what is solution?

2/

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

3/25/2020

D/P, D/A: the Importer
 L/C: issuing bank
 What are responsibilities and rights of
the Drawee?

3/ Name, address of the Drawee

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a/ B/E without time of
payment?
b/ B/E with mutiple time
of payment?

Payable at sight, payable
on demand, payable on
presentment

(1) At Sight B/E

d/

c/

b/

a/

(2) Time B/E

On a Fixed Future date

X days after B/L date

X days after signed

X days after sight

3/25/2020

Bill of Exchange

4/ Time of payment

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

3/25/2020

To a specified person
 To order of
 To the bearer/ holder
More commonly in Vietnam the beneficiary
is to order of Exporter's bank

5/ Beneficiary

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

3/25/2020

The place where payment is to be made
 Address of Drawee
 Bank of Drawee

6/ Place of payment

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

3/25/2020

B/E without place of issue?
 B/E date helps to identify the time limit at
B/E must be presented for asking
payment.
 + Under ULB 1930: within 01 years
 + Under Vietnam's law: within 90 days

7/ Place and date of issue

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3/25/2020

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

3/25/2020

Value received as per
 Drawn under

Information about B/E

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

3/25/2020

Abstraction
 The money must be payable
 A negotiable document

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FEATURES OF BILL OF EXCHANGE



3/25/2020

In terms of time of payment
+ A sight B/E
+ An usance B/E
 In terms of attached document
+ A clean B/E
+ A document B/E

TYPES OF BILL OF EXCHANGE

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

3/25/2020

In terms of negotiation
+ Nominal B/E
+ Bear B/E
+ To order B/E
 In terms of drawer
+ Trade B/E
+ Bank B/E
What is Bankdraft?

TYPES OF BILL OF EXCHANGE

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

3/25/2020

In terms of acception
 + An unaccepted B/E
 + An avalised B/E ( an accepted B/E)
 In terms of currency
 + Foreign currency B/E
 + Dosmetic currency B/E

TYPES OF BILL OF EXCHANGE

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

3/25/2020

Who is the Drawer?
 What is responsibilities of the Drawer?

ISSUE BILL OF EXCHANGE

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

3/25/2020

Bill of Exchange must be accepted?
 Date of acceptance?
 How to make an acceptance?

ACCEPT BILL OF EXCHANGE

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

3/25/2020

Blank endorsement
 Restrictive endorsement
 To order endorsement
 Without recourse endorsement

ENDORSE BILL OF EXCHANGE

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

3/25/2020

Guarantee Bill of exchange?
 Who would guarantee B/E?

GUARANTEE BILL OF EXCHANGE

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