B International Settlement

Author: Qiao Feige
Publisher:
Publish Date: 2005-11-19
Features: This book provides a comprehensive overview of international settlement, outlining the seven legal and conventions that international settlement methods should follow, establishing a guiding ideology for the standardization of international settlement practices. Subsequent chapters are divided into two major categories: trade settlement methods and non-trade settlement methods. It begins with extensive discussions on the fundamental theories of negotiable instruments and the three major settlement methods—remittance, collection, and letter of credit. The coverage extends from standard letters of credit to special letters of credit, and further expands to include the settlement methods of guarantees and standby letters of credit. Since all three are independent commitments, payment is made solely upon the presentation of documents that comply with the terms and conditions specified in the commitments. This is followed by a discussion on international settlement documents, and then a brief overview of various non-trade settlement activities concludes the book.
International settlement is itself a highly practical field, and the book supplements its content with case studies to enhance understanding and comprehension of related practices. Efforts are made to use cases that align with international conventions, adopting a case-based approach to writing and teaching, thereby avoiding the dryness of legal provisions and catering to the learning characteristics of adult learners. It is designed for use by professionals and students in foreign trade, international finance, and international economic law.