c4 Collections

1、Chapter 4 專業(yè)PPT/商演示設(shè)計制作 Payment Methods - Collections周錦周錦Review How do the international funds be transferred?Definition and parties of Remittance? The comparison of three types of Remittance? Application of Remittance in I.SCollectionsIn this chapter, you will learnDefinition Parties of collection

2、Types of collection Procedure of collection Outward and inward collection Risk protection and financing under collection methodsURC522(Uniform Customs for Collection)documentary/clean collection跟單跟單/光票托收光票托收D/P, D/A付款交單付款交單,承兌交單承兌交單4.1 Introduction概述概述4.1.1 What is a collection?I. Collection is an a

3、rrangement whereby the goods are shipped and a relevant bill of exchange is drawn by the seller on the buyer, and/or shipping documents are forwarded to the sellers bank with clear instructions for collection through one of its correspondent bank located in the domicile of the buyer.Financial instru

4、mentBill of lading（title documents)1.Please list the parties involved in collection.2.How many kinds of documents should the beneficiary present to a bank for collecting the proceeds?4.1 Introduction概述概述4.1.1 What is a collection?II. (URC522, Article 2 Definition of Collection)Collection means the h

5、andling by banks of documents in accordance with instructions received in order to :i. obtain payment and /or, acceptance orii. deliver documents against payment and /or against acceptance.iii. Deliver documents on other terms and conditions. “托收托收”指銀行依所受指示處理統(tǒng)一規(guī)則所稱指銀行依所受指示處理統(tǒng)一規(guī)則所稱 之單據(jù)，以求：之單據(jù)，以求：獲得承兌

6、付款，或獲得承兌付款，或 憑承兌付款交付單據(jù)，或憑承兌付款交付單據(jù)，或 依其它條件交付單據(jù)依其它條件交付單據(jù) Collecting BankDraweeBuyerImporter1.get acceptancepayment2.deliver documents against acceptance/paymentD/AD/P4.1 Introduction概述概述4.1.2 Parties to the operation of collections當(dāng)事人當(dāng)事人1. The principal (seller/exporter/drawer) 委托人（賣方委托人（賣方/出口商出口商/出票人

7、）出票人）2. The remitting (principals/sellers/exporters)bank 托收行（委托人托收行（委托人/賣方賣方/出口商的銀行）出口商的銀行）3. The collecting bank or presenting bank 代收行或提示行代收行或提示行4. The drawee ( buyer/importer) 受票人（買方受票人（買方/進口商）進口商）5. Representative in case of need 需要時的代理人需要時的代理人1. The “principal” who is the party entrusting the h

8、andling of a collection to a bank;2. The “remitting bank” which is the bank to which the principal has entrusted the handling of a collection;3. The “collecting bank” which is any bank, other than the remitting bank, involved in processing the collection;4. The “presenting bank” which is the collect

9、ing bank making presentation to the drawee.5. The “drawee” is the one to whom presentation is to be made in accordance with the collection instruction.Colleting BankRemitting BankPrincipalDraweeDocumentation;Collection orderDocuments;Collection instructionDocumentsCash payment;AcceptanceCollection o

10、rderCollection instructionRepresentative in case of need COLLECTION ORDERTO: Profixed “X”DRAFT NO. AMOUNT TENORDRAWN ON The following documents marks with letter“X” are attachedDeliver documents against payment Do not ProtestDeliver documents against acceptance Protest for Non-paymentAll collection

11、charge are for Non-acceptance account of drawee cable advice of M0-acceptance All collection charges are for Non-payment account of drawee Have proceeds remitted by cableAirmail expenses for forwarding Waive or do not waive charges documents for account of drawee if refuse by draweeAllow drawee disc

12、ount of US$.Interest to be collected at % p.a.from toIn case of need refer toCredit our account with proceeds. Special instructions: Your faithfully MISCELIANEOUSMAILRCTCTF OF ORIGININSCERTINVOICESComm.consu. B/LDATE We enclose for collection Please follow instruction1.Parties to collection(Full nam

13、e and address)當(dāng)事人當(dāng)事人2.Date, reference No.提交托收委托書時間及業(yè)務(wù)備查號提交托收委托書時間及業(yè)務(wù)備查號3.Draft(drawer,drawee, amount, tenor,date of issue)匯票匯票4.Documents(name, number)單據(jù)單據(jù)5.Instructions governing the operation:業(yè)務(wù)指示業(yè)務(wù)指示(1)Terms of release documents(D/P,D/A)交單條件交單條件(2)Store and insure clause是否需要存?zhèn)}和保險是否需要存?zhèn)}和保險(3)Bank

14、and other charges銀行費用及其它費用由誰支付銀行費用及其它費用由誰支付(4)About protest拒絕證書拒絕證書(拒付后拒付后,是否需做拒絕證書是否需做拒絕證書)(5)Advice of dishonor拒付通知拒付通知(拒付后拒付后,是否需發(fā)送拒付通知是否需發(fā)送拒付通知)(6)Prior presentation單據(jù)是否須預(yù)先提示單據(jù)是否須預(yù)先提示(還是貨到后提還是貨到后提 示示)(7)Case of need需要時的代理人需要時的代理人(是否需由其處理拒付后的事宜是否需由其處理拒付后的事宜)(8)Method of settlement(收款方式收款方式)A coll

15、ection order includesDeliver documents against payment /acceptance. Remit the proceeds by airmail/cable. Airmail/cable advice of payment /acceptance. Collect charges outsidefrom drawer/drawee. Collect interest for delay in paymentdays after sight at% P.A.交單條件交單條件托收收款指示托收收款指示付款付款/ /承兌后采用郵寄承兌后采用郵寄/ /電

16、報通知電報通知費用由出票人費用由出票人/ /付款人支付付款人支付遲付利息規(guī)定遲付利息規(guī)定 Airmail /cable advice of non-payment/non-acceptance with reasons. Protest for non-payment/non-acceptance. Protest waived. When accepted, please advise us giving due date. When collected, please credit our account with _.郵寄郵寄/ /電報傳送退票通知電報傳送退票通知發(fā)出拒絕證書發(fā)出拒絕證書

17、放棄拒絕證書放棄拒絕證書承兌后承兌后, ,通知到期日通知到期日票款收妥后票款收妥后, ,貸記托收行貸記托收行 Please collect and remit proceeds to _Bank for credit of our account with them under their advice to us. Please collect proceeds and authorize us by airmail/cable to debit your account with us.通過托收行的賬戶行收款通過托收行的賬戶行收款授權(quán)借記代收行賬戶授權(quán)借記代收行賬戶This collect

18、ion is subject to Uniform Rules for Collection . (1995 Revision)ICC Publication No. 522本業(yè)務(wù)根據(jù)本業(yè)務(wù)根據(jù)URC522URC522處理處理 BANK OF CHINA （出口托收委托書）（出口托收委托書）When corresponding HAIKOU,22,O3,93Please always quoteDear SirsWe send herewith the under mentioned items for collectionPlease follow instructions marked b

19、y”X”： Deliver documents against payment. All your charges to be born by DRAWEES. In case of non-payment/non-acceptance by cable/airmail, giving reasons and hole documents for our instructions. In case of a time bill, please advise us by CABLE the date of maturity after acceptance. Collect interest f

20、rom drawee at_ % p.a. from the date of maturity to the date of actual payment. _ For Bank of ChinaOc.977012346To:THE FIRST INTERSTATE BANK, LTD SAN FRANCISCO, USAORIGIN CERTCUSTOM INV.1/11/21/22/33/53/4B/LINS. POLWEIGHT CERT.INVOICEACCOMPANIED BYFOGO INC.1560 HUDSON AVE. SAN FRANCISCO, CA, 94124 USA

21、DRAWEEAMOUNTTENORDRAWERS NO.HAINAN INTERNATIONAL TRADING CO. HAIKOU, CHINADRAWER付款人付款人支付費支付費用用承兌承兌后通后通知到知到期日期日代收行代收行付款付款交單交單委托人委托人付款人付款人托收行托收行 中國建設(shè)銀行中國建設(shè)銀行 CHINA CONSTRUCTION BANK CHINA CONSTRUCTION BANK ( (第一聯(lián)回單寄托收行）第一聯(lián)回單寄托收行） OfficeOffice Address Address 進口托收單據(jù)通知書進口托收單據(jù)通知書 INWARD DOCUMENTS FOR COL

22、LECTIONINWARD DOCUMENTS FOR COLLECTION我行業(yè)務(wù)編號我行業(yè)務(wù)編號 日期日期Our Ref. No. DateOur Ref. No. DateWe acknowledged receipt of your collection item above mentioned and have dealt with it as follows(see Marked”X”: We have presented documents to the drawee as per your instructions. The collection has been paid a

23、nd proceeds have been remitted to your good bank as per instructions. Draft(s)accepted to mature on our bank charges, if any, would be for your account if refused by drawee. 中國建設(shè)銀行中國建設(shè)銀行 CHINA CONSTRUCTION BANK 銀行印鑒銀行印鑒 金額金額(Amount)發(fā)票號碼發(fā)票號碼 (Invoice No.) Date托收行托收行(Remitting Bank)Ref. No. Date委托人委托人

24、(Drawer)合同號碼合同號碼 (Contract)t)付款人付款人(Drawee)付款期限付款期限(Due on)匯票期限（匯票期限（Tenor)ACKNOWLEDGEMENT 中國建設(shè)銀行中國建設(shè)銀行 CHINA CONSTRUCTION BANK CHINA CONSTRUCTION BANK ( (第二聯(lián)交代收行）第二聯(lián)交代收行） OfficeOffice Address Address 進口托收單據(jù)通知書進口托收單據(jù)通知書 INWARD DOCUMENTS FOR COLLECTIONINWARD DOCUMENTS FOR COLLECTION我行業(yè)務(wù)編號我行業(yè)務(wù)編號 日期日期O

25、ur Ref. No. DateOur Ref. No. Date Deliver documents against payment. All your charges to be born by DRAWEES.Our banks charges are for your account.Remitting banks charges are for your account. 中國建設(shè)銀行中國建設(shè)銀行 CHINA CONSTRUCTION BANKCHINA CONSTRUCTION BANK 銀行印鑒銀行印鑒 金額金額(Amount)發(fā)票號碼發(fā)票號碼 (Invoice No.) Dat

26、e托收行托收行(Remitting Bank)Ref. No. Date委托人委托人(Drawer)合同號碼合同號碼 (Contract)t)付款人付款人(Drawee)付款期限付款期限(Due on)匯票期限（匯票期限（Tenor)DraftsBeneficial CertOriginCert.Quality Cert.Insurance PolicyAirway BillsOcean B/LCommercial InvoiceDocuments第一次寄第一次寄送的單據(jù)送的單據(jù)第二第二次寄次寄送的送的單據(jù)單據(jù) 中國建設(shè)銀行中國建設(shè)銀行 CHINA CONSTRUCTION BANK CHIN

27、A CONSTRUCTION BANK ( (第三聯(lián)銀行留底聯(lián)）第三聯(lián)銀行留底聯(lián)） OfficeOffice Address Address 進口托收單據(jù)通知書進口托收單據(jù)通知書 INWARD DOCUMENTS FOR COLLECTIONINWARD DOCUMENTS FOR COLLECTION我行業(yè)務(wù)編號我行業(yè)務(wù)編號 日期日期Our Ref. No. DateOur Ref. No. Date Deliver documents against payment. All your charges to be born by DRAWEES. Our banks charges are

28、 for your account. Remitting banks charges are for your account. 中國建設(shè)銀行中國建設(shè)銀行 CHINA CONSTRUCTION BANKCHINA CONSTRUCTION BANK 銀行印鑒銀行印鑒 金額(Amount)發(fā)票號碼 (Invoice No.) Date托收行(Remitting Bank)Ref. No. Date委托人(Drawer)合同號碼 (Contract)t)付款人(Drawee)付款期限(Due on)匯票期限（Tenor)DraftsBeneficial CertOriginCert.Quality

29、 Cert.Insurance PolicyAirway BillsOcean B/LCommercial InvoiceDocuments第一次寄第一次寄送的單據(jù)送的單據(jù)第二次寄第二次寄送的單據(jù)送的單據(jù)即期匯票即期匯票F For Tianjin Textiles Import and Export Corp. Tianjin Signature (Manager)遠期匯票遠期匯票For Tianjin Textiles Import and Export Corp., Tianjin Signature (Manager)Instructions for proceeds received

30、in the collection instruction The remitting bank has maintained an account with the collecting bank , When collected ,please credit our account with you under your cable/airmail advice to us. Remitting bankCollecting bankWhen collected ,please credit our account with you under your cable/airmail adv

31、ice to us.Open an accountInstructions for proceeds received in the collection instruction The collecting bank has maintained an account with the remitting bank , please collect the proceeds and authorize us by cable/airmail to debit your account with us. Remitting bankcollecting bankplease collect t

32、he proceeds and authorize us by cable/airmail to debit your account with us.Open an accountInstructions for proceeds received in the collection instruction The remitting bank has maintained an account with the X bank , please collect and remit the proceeds to X bank for credit of our account with wi

33、th them under their cable/airmail advice to us. Remitting bankCollecting bankplease collect and remit the proceeds to X bank for credit of our account with with them under their cable / airmail advice to us. X bankOpen an accountOpen an accountremittingbankpayeeprincipalShippingcompanycollecting ban

34、kS/C1.goods2.B/L5.collection instruction, documentary bill8.B/L9.goods10.cebit advice Collection Procedure11.makepayment4.receipt3.Collectioninstruction,documentarybill7.D/P,D/A6.PresentdocumentarybillFlow chart of documentary collectionexporter/principalCarrier2 B/LRemittingBankCollecting Bank6Pay1

35、0 Deliver goods8 Credit Advice or Debit AuthorizationHow to release documents? 1Deliver goods 9 Hand in B/Limporter/drawee5 Collection Orderor Instruction & docs.4Rept.3Documents andInstructions(Application)7 Release DocumentsD/A or D/P9 Pay4.1 Introduction概述概述4.1.3 Types of collection1. In terms of

36、 documents related *1) Documentary collection跟單托收跟單托收*2) Clean collection光票托收光票托收 3) Direct collection直接托收直接托收“Documents” means financial documents and /or commercial documents:“Financial Documents” means bills of exchange, promissory notes, cheques, or other similar instruments used for obtaining t

37、he payment of money.i.“Commercial Documents” means invoices, transport documents of title or other similar documents, or any other documents whatsoever, not being financial documents.(1) Documentary collection Collection on a. financial instruments being accompanied by commercial documents or;b. com

38、mercial documents without being accompanied by financial instruments. 跟單托收跟單托收a.a.附帶附帶商業(yè)單據(jù)商業(yè)單據(jù)的的金融單據(jù)金融單據(jù)項下的托收項下的托收b.不不 附有金融單據(jù)的附有金融單據(jù)的商業(yè)單據(jù)商業(yè)單據(jù)項下的托收項下的托收避免印花稅避免印花稅(2) Clean collection Collection on financial instruments without being accompanied by commercial documents.3) direct collectionBecause the

39、documents under direct collection are remitted by the seller directly to the collecting bank ,they are not routed through the remitting bank ,so direct collection is not incorporated in the URC No.522. ICC Publication No.550 says that the collection from attaching with the documents under direct col

40、lection must indicate that: (1) the collection is subject to URC No.522.and (2) the collection is to be treated by the collecting bank as through it was received from the remitting bank.4.1 Introduction概述概述4.1.3 Types of collection2. In terms of release of documents 交單條件不同交單條件不同1) Documents against

41、payment(D/P)付款交單付款交單2) Documents against acceptance(D/A)承兌交單承兌交單(1) Documents against payment(D/P)The collecting bank may release the documents only against full and immediate payment.代收行收到跟單匯票后，只有在受票人（付款人）代收行收到跟單匯票后，只有在受票人（付款人）付清款項時，才將貨運單據(jù)交給受票人（付款人）付清款項時，才將貨運單據(jù)交給受票人（付款人）的一種交單方式。的一種交單方式。a. Documents

42、 against payment at sight (D/P at sight) The collecting bank presents the sight draft to the buyer. When the buyer sees it he must pay the money at once, then he can get the shipping documents.指代收行提示跟單匯票（即期匯票）給受票人要求付款指代收行提示跟單匯票（即期匯票）給受票人要求付款時，受票人見票即付，代收行立即交出貨運單據(jù)，并將時，受票人見票即付，代收行立即交出貨運單據(jù)，并將貨款交給托收行貸記委托

43、人賬戶。貨款交給托收行貸記委托人賬戶。Procedure for D/P at sightCollectingbankPayermakes paymentDelivers documentsPresentoncepresents for paymentMakes payment at first,delivers documents at last.跟單托收的程序跟單托收的程序b. Acceptance against payment (Acceptance D/P)The collecting bank presents the usance draft to the buyer. Firs

44、t, he makes acceptance at once, and makes payment at maturity, then he can get the shipping documents.指代收行提示跟單匯票（遠期匯票）給受票人要求承兌，受票指代收行提示跟單匯票（遠期匯票）給受票人要求承兌，受票人承兌匯票后，單票仍退還給代收行，待付款到期日，代收行人承兌匯票后，單票仍退還給代收行，待付款到期日，代收行再向受票人做付款提示，待受票人付款后，代收行才交單給付再向受票人做付款提示，待受票人付款后，代收行才交單給付款人，并將貨款交托收行貸記委托人賬戶?？钊?，并將貨款交托收行貸記委托人賬

45、戶。 payerProcedure for D/P after xx daysacceptsMakes paymentDelivers documentsPresents for paymentPresenttwiceMakes payment at first,delivers documents at last.CollectingbankPresents for acceptance2) Documents against Acceptance(D/A)The presenting bank may release the documents to the buyer against t

46、he buyers acceptance of a draft, drawn payable 30-180 days after sight or due on a definite date.指代收行待受票人承兌完遠期匯票后，收回匯票，立指代收行待受票人承兌完遠期匯票后，收回匯票，立即將貨運單據(jù)交給受票人，待匯票到期日向其提示匯即將貨運單據(jù)交給受票人，待匯票到期日向其提示匯票，由受票人履行付款義務(wù)的一種交單方式。票，由受票人履行付款義務(wù)的一種交單方式。payerProcedure for D/AacceptsMakes paymentPresents for paymentCollectin

47、gbankPresenttwiceMakes acceptance at first,then gets the documents,delivers documents at last.Presents for acceptanceDelivers the documentsExercise:You have to distinguish the following three kinds of collections.Which type of collection (D/P or D/A) offers the greatest security to the exporter? 商業(yè)單

48、據(jù)的發(fā)放商業(yè)單據(jù)的發(fā)放: :承兌交單（承兌交單（D/AD/A）與付款交單（）與付款交單（D/PD/P）（1 1）如果托收包含有遠期付款的匯票，則其指示不應(yīng)要求付款才交付商業(yè)）如果托收包含有遠期付款的匯票，則其指示不應(yīng)要求付款才交付商業(yè)單據(jù)。單據(jù)。（2 2）如果托收包含有遠期付款的匯票，托收指示應(yīng)說明商業(yè)單據(jù)是憑承兌）如果托收包含有遠期付款的匯票，托收指示應(yīng)說明商業(yè)單據(jù)是憑承兌（D/AD/A）還是憑付款（）還是憑付款（D/PD/P）發(fā)放給付款人。）發(fā)放給付款人。 若無上述說明，商業(yè)單據(jù)只能是付款放單，而代收行對由于交付單據(jù)的任若無上述說明，商業(yè)單據(jù)只能是付款放單，而代收行對由于交付單據(jù)的任何延誤

49、所產(chǎn)生的任何后果將不承擔(dān)責(zé)任。何延誤所產(chǎn)生的任何后果將不承擔(dān)責(zé)任。（3 3）如果托收包含有遠期付款的匯票，而且托收指示表明應(yīng)憑付款發(fā)放商）如果托收包含有遠期付款的匯票，而且托收指示表明應(yīng)憑付款發(fā)放商業(yè)單據(jù)時，則單據(jù)只能憑該項付款才能發(fā)放，而代收行對由于交付單據(jù)的業(yè)單據(jù)時，則單據(jù)只能憑該項付款才能發(fā)放，而代收行對由于交付單據(jù)的任何延誤所產(chǎn)生的任何結(jié)果將不承擔(dān)責(zé)任。任何延誤所產(chǎn)生的任何結(jié)果將不承擔(dān)責(zé)任。How do you think about the above article?PrincipalexporterPayerimporterRemitting BankCollectingbank

50、instruction, documentary billdocumentsdocumentary billreimbursementreceiptS/CShippingcompanyApplication,documentary billGoodsB/LmakepaymentD/P、D/AB/LGoodsOutwardcollectionInwardcollection4.2 Documentary Collection Practice跟單托收操作跟單托收操作The importer and exporter sign the S/C, select collection method;

51、The exporter ships the goods and gets the B/L, prepare the other documentsThe exporter fills out the application and presents the documentary bill to the remitting bankThe exporter receives the receiptThe remitting bank airmails collection instruction and documentary bill to collecting bankThe remit

52、ting bank receives the credit advcie from the collecting bankThe remitting bank cebits the exporters account. Outward collection procedureOutward collection procedure The collecting bank check the instruction and documentary billThe collecting bank presents the documentary bill to the payerThe payer

53、 makes payment/acceptanceThe collecting bank delivers the documents to the payerThe colleting bank sends credit advice to the remitting bankInward collection procedureInward collection procedure 4.2.1 Outward Collection 出口托收出口托收A bank acting as the remitting bank sends the draft drawn against an exp

54、ort with shipping documents attached, to an appropriate overseas bank, namely, the collecting bank, to get the payment or acceptance from the importer.4.2 Documentary Collection Practice托托收收行行的的處處理理委托人名稱、地址、有權(quán)簽字人印章委托人名稱、地址、有權(quán)簽字人印章 付款人名稱、地址，開戶行名稱、地址、賬號付款人名稱、地址，開戶行名稱、地址、賬號 托收所附單據(jù)名稱、詳細分類及份數(shù)托收所附單據(jù)名稱、詳細分

55、類及份數(shù) 托收交單方式（托收交單方式（D/P,D/AD/P,D/A） 收賬要求收賬要求 拒付時采取的措施拒付時采取的措施 費用問題費用問題 其它要求其它要求 罰息和貼息的規(guī)定罰息和貼息的規(guī)定 需要時的代理人需要時的代理人 D/PD/P下，是否允許分批付款，下，是否允許分批付款，分批提貨分批提貨 D/AD/A下，是否需要通知到期下，是否需要通知到期日日, ,是否由代收行保管單據(jù)是否由代收行保管單據(jù) 是否需作拒絕證書是否需作拒絕證書 是否委托代收行代為存?zhèn)}或保險是否委托代收行代為存?zhèn)}或保險 1.審核托收審核托收委托書委托書2.提交相關(guān)文件提交相關(guān)文件3.選擇代收行選擇代收行4.檔案管理檔案管理 5

56、.結(jié)匯與收費結(jié)匯與收費 工商營業(yè)執(zhí)照（副本）原件工商營業(yè)執(zhí)照（副本）原件 進出口業(yè)務(wù)營業(yè)許可證進出口業(yè)務(wù)營業(yè)許可證 法定代表人授權(quán)書法定代表人授權(quán)書 4.2.2 Inward Collection 進口代收進口代收A bank acting as the collecting bank receives the draft with or without shipping documents attached as well as the instructions from a bank abroad, namely, the remitting bank.4.2 Documentary Co

57、llection Practice代代收收行行的的處處理理1.1.核對托收指示的真實性核對托收指示的真實性2.2.核對單據(jù)名稱、份數(shù)是否與托收指示中注明的一致核對單據(jù)名稱、份數(shù)是否與托收指示中注明的一致 3.3.核對托收指示條款核對托收指示條款4.4.及時將拒付情況和拒付理由通知托收行及時將拒付情況和拒付理由通知托收行 密押密押印鑒印鑒5. 5. 按托收委托書指示的路線、按托收委托書指示的路線、賬戶銀行賬號撥交收妥款項賬戶銀行賬號撥交收妥款項進口代收來單通知書進口代收來單通知書 向托收行電訊查詢相關(guān)內(nèi)容向托收行電訊查詢相關(guān)內(nèi)容 1.Exporter (Seller)The exporter s

58、hips his or her goods and prepares his or her export documents. 2.Exporters Bank The exporter completes an exporter collection form from his or her bank (see Useful Forms page) and sends the export documents to the bank together with a Bill of Exchange (Time Draft) demanding payment from the importe

59、r (Buyer) at a future date. 3.Importers Bank The exporters bank sends the export documents together with the Bill of Exchange, to the importers bank to be released to the importer against their acceptance of the Bill of Exchange. 4.Importer The importers bank approaches the importer to accept the Bi

60、ll of Exchange. The importers bank may not release the export documents to the importer until he or she has accepted the Bill of Exchange. 5.Importer The importer accepts the Bill of Exchange and returns it to his or her bank. 6.Importers Bank Upon receipt of the accepted Bill of Exchange, the impor