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Chapter 6 Finance of International Trade
1. The Bill of Exchange 1.1 Origin of Bill s of
Exchange 1.2 The Law Governing Bills of Exchange
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Chapter 6 Finance of International Trade
1.3 Types of Bills of Exchange Clean Bill and
Documentary Bill Sight Bill and Time Bill
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Chapter 6 Finance of International Trade
Commercial Bill and Bankers Bill Commercial
Acceptance Bill and Bankers Acceptance Bill
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Chapter 6 Finance of International Trade
1.4 General Requirements and Rights of the Holder
in Due Course General Requirements
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Chapter 6 Finance of International Trade
Rights of the Holder in Due Course (1) Real
defenses. Real defenses can be used as reasons
against payment of a negotiable instrument to any
holder, including a holder in due course.
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Chapter 6 Finance of International Trade
(2) Personal defenses. These are legal reasons
for avoiding or reducing liability of a person
who is liable on a negotiable instrument.
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Chapter 6 Finance of International Trade
1.5 Common Procedures in Handling Bills of
Exchange A, Drawing B, Presentation
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Chapter 6 Finance of International Trade
C, Acceptance, D, Endorsement
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Chapter 6 Finance of International Trade
E, Payment F, Protesting
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Chapter 6 Finance of International Trade
2. Collection of Documentary Bills through
Banks 2.1 Types of Collection A, Documents
against Acceptance (D/A)
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Chapter 6 Finance of International Trade
B, Documents against payment (D/P) 2.2
Advantages of Collection
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Chapter 6 Finance of International Trade
3, Letters of Credit (L/C) 3.1 Law Applicable to
Letters of Credit
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Chapter 6 Finance of International Trade
3.2 Types of Letters of Credit A, Confirmed
Letter of Credit B, Standby Letters of Credit
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Chapter 6 Finance of International Trade
C, Transferable Letters of Credit D, Revolving
Letters of Credit E, Red Clauses in Credits
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Chapter 6 Finance of International Trade
3.3 The Stages of Arranging and Advising a Letter
of Credit
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Chapter 6 Finance of International Trade
3.4 Independence Principles and Rules of Strict
Compliance
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Chapter 6 Finance of International Trade
A, Independence Principle B, Rules of Strict
Compliance
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Chapter 6 Finance of International Trade
3.5 Fraud Exception in Letter of Credit
Transaction
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Chapter 6 Finance of International Trade
A, The American Courts B, The English Courts
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Chapter 6 Finance of International Trade
C, The International Chamber of Commerce D, The
Chinese Courts.
