International settlement refers to the money transfer via banks to settle the accounts, debts and claims among different countries. Being a core business in imports and exports, international commercial settlement centers around payment methods by which when payment of an international economic transaction is settled for the exporter, goods or services are delivered or provided to the importer.
This online English course gives a series of systematic lectures on the following three parts:
1. Credit instruments: bills of exchange, promissory note and cheques with the focus on bills of exchange.
2. Payment methods: remittance, collection, letter of credit, international factoring and letter of guarantee.
3. Commercial documents: commercial invoice, packing list, inspection certificate, certificate of origin, insurance policy, bills of lading and other transport documents.
After finishing the course, the learner is expected to gain the professional knowledge and its practical application in international settlement, and to be able to make selection from different payment methods, to make documentation and to complete an import or export transaction.
