Unit 5 Terms of Payment
Section 1 Letter of Credit (L/C)Section 2 other terms of payment (self –study)
Section 1 L/C
1. Introduction of terms of payment  1) Brief introduction of remittance & collection  2) Main introduction of L/C ★2. Specimen letters3. Useful words and expressions4. Exercise
1. Introduction
Three basic methods of effecting payments in international business:
   Remittance(汇付)
Mail Transfer(M/T)(汇付)
Telegraphic Transfer (T/T) (电汇)
Demand Draft (D/D)(票汇)
1. Remittance (汇付）