FINANCIAL DOCUMENTS - PowerPoint PPT Presentation

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FINANCIAL DOCUMENTS

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... Insurance and Freight CIP Carriage and Insurance Paid o Carriage and Insurance Paid o CPT Carriage Paid To Carriage Paid To DAF Delivered At ... – PowerPoint PPT presentation

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Title: FINANCIAL DOCUMENTS


1
FINANCIAL DOCUMENTS
  • A CHEQUE is a written order to a bank given and
    signed by someone who has money deposited there
    to pay a certain amount mentioned in a cheque to
    a person named on it.
  • A BILL of EXCHANGE ( a sight draft)is a bill
    which is paid immediately on presentation.
  • A term draft is a bill to be paid at a later
    date(30-day, 60-, 90- and 120-day drafts).

2
Words and word combinations
  • Deposit
  • Telegraphic transfer (TT)
  • Mail remittance
  • Bill of lading
  • Insurance policy
  • Invoice
  • Acceptance
  • Letter of credit

3
QUESTIONS
  • What is a cheque?
  • What are the two types of drafts?
  • What is L/C?
  • What is an invoice?

4
Terms of Delivery
  • In international commerce, an agreement between
    the seller and the buyer as to who is responsible
    for the cost and risk of delivering the goods.
    Cost and risk may rest exclusively with either
    party, or may be split at a certain point. The
    International Chamber of Commerce has set
    approximately a dozen different terms of delivery

5
INCOTERMS
  • CFR CIF CIP CPT DAF DDP DDU DEQ
    DES EXW FAS FCA FOB
  • http//www.searates.com/reference/incoterms

6
INCOTERMS 2000
  • CFR Cost and Freight Cost and Freight
  • CIF Cost, Insurance and Freight Cost, Insurance
    and Freight
  • CIP Carriage and Insurance Paid ?o Carriage and
    Insurance Paid ?o
  • CPT Carriage Paid To Carriage Paid To
  • DAF Delivered At Frontier Delivered At Frontier

7
INCOTERMS 2000
  • DDP Delivered Duty Paid Delivered Duty Paid
  • DDU Delivered Duty Unpaid Delivered Duty Unpaid
  • DEQ Delivered Ex Quay Delivered Ex Quay
  • DES Delivered Ex Ship Delivered Ex Ship
  • EXW EX Works EX Works

8
INCOTERMS 2000
  • FCA Free Carrier Free Carrier
  • FOB Free On Board Free On Board
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