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XuetangX

International Payment and Settlement

Southwestern University of Finance and Economics via XuetangX

Overview

 

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.



Syllabus

  • Chapter 1 Import & Export with International Settlement
    • Section 1 Introduction to International Settlement
    • Section 2 Documents
    • Section 3 International Trade and International Settlement
    • Section 4 Discussions
  • Chapter 2 Popular Price Terms
    • Section 1 Brief Introduction to Price Terms
    • Section 2 FOB & FCA
    • Section 3 CFR & CPT
    • Section 4 CIF & CIP
    • Section 5 Other Terms
    • Section 6 Discussions
  • Chapter 3   Bills of Exchange (1)
    • Section 1 Introduction to Bills of Exchange
    • Section 2 Major Parties to Bills of Exchange
    • Section 3 Discussions
  • Chapter 4  Bills of Exchange(2)
    • Section 1 Acts of a Bill of Exchange
    • Section 2 Movement and Classification of Bills of Exchange
    • Section 3 Discounting
    • Section 4 Discussion
  • Chapter 5  Promissory and Check
    • Section 1 Brief Comparison between a Promissory Note and a Bill of Exchange
    • Section 2 Brief Comparison between a Check and a Bill of Exchange
    • Section 3 Discussion
  • Chapter 6 Remittance
    • Section 1 General Introduction to Payment Methods
    • Section 2 Introduction to Remittance
    • Section 3 Application and Characteristics of Remittance
    • Section 4 Discussions
  • Chapter 7 Collection
    • Section 1 Introduction to Collection
    • Section 2 Collection Application and Drafts
    • Section 3 Procedure of D/P after Sight and Characteristics of Collection
    • Section 3 Discussions
  • Chapter 8 Letter of Credit
    • Section 1 General Introduction to Letter of Credit
    • Section 2 Contents of Documentary Credit and Draft
    • Section 3 Procedure and Normal Types of Documentary Credit
    • Section 4 Special Credit Types and Characteristics of Documentary Credit
    • Section 5 Discussions
  • Chapter 9 Factory, Standby Credit and Letter of Guarantee
    • Section 1 Factoring and Standby Credit
    • Section 2 Letter of Guarantee
    • Section 3 Discussions
  • Chapter 10 Commercial Invoice, Packing List and Insurance Policy
    • Section 1 General Introduction to Documents
    • Section 2 Commercial Invoice
    • Section 3 Packing List/Weight List
    • Section 4 Insurance Documents (I)
    • Section 5 Insurance Documents (II)
    • Section 6 Discussions
  • Chapter 11 Transport Documents
    • Section 1 Marine Bills of Lading (I)
    • Section 2 Marine Bills of Lading (II)
    • Section 3 Sea Waybill, Air Waybill and MTD
    • Section 4 Discussions
  • Chapter 12 Certificate of Origin, Inspection Certificates and Documents Examination
    • Section 1 Certificate of Origin
    • Section 2 Inspection Certificate
    • Section 3 Documents Examination under L/C
    • Section 4 Discussions
  • Final Exam

    Taught by

    Fu,Yong, Wang, Hongyu, and He, Lijuan

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