NAMA : NURLATIFA HANNUM HARAHAP

KELAS : BK-4G
TUGAS : BAHASA INGGRIS

1. BILL OF LADING
A bill of lading (sometimes referred to as a BOL,or B/L) is a document
issued by a carrier to a shipper, acknowledging that specified goods have been
received on board as cargo for conveyance to a named place for delivery to the
consignee who is usually identified. A thorough bill of lading involves the use
of at least two different modes of transport from road, rail, air, and sea. The
term derives from the verb "to lade" which means to load a cargo onto a ship
or other form of transportation.
Among other items of information a B/L contains :
• Consignor’s and consignee’s name
• Name of the ports of depatureand destinition.
• Name of the versel
• Date of depature and arrival
• Itemized list of gods being transforted with number of pachanges and
kind of packaging
• Marks and number on the packages
• Weight and/or volume of the cargo
• Freigh rate and amount
2. LETTER OF CREDIT
Letter of credit, often abbreviated to L / C, LC, or LOC, is an international
payment method that enables exporters to receive payment without waiting
news from abroad after the goods and document files sent out of the country
(to customer).
Executors of L / C :
* The applicant or the applicant's credit is the importer (buyer) who filed an
application of L / C.
* Beneficiary is the exporter (seller) receiving L / C.
* Issuing bank or opening a bank opening L / C.
* Advising bank is a bank of L / C, the correspondent bank (the agent) who
continued the L / C to the beneficiary. The Bank is not responsible for the
content of L / C, and only acts as an intermediary.
* Confirming the bank is a bank which is to confirm the request of the issuing
bank and fully guarantees payment.
* Paying bank is a bank that is specifically designated in the L / C to make the
payment and the beneficiary is obliged to submit documents to the bank.
* Carrier is a carrier of goods shipped (Shipping Company / Aviation) for
some countries with land borders could also land transport companies such
as trucks, trains etc.).
3. CASH ON DELIVERY

A type of transaction in which payment for a good is made at the time of

delivery. If the purchaser does not make payment when the good is delivered,
then the good will be returned to the seller.
Payment can be made by cash, certified check or money order, depending on
what is stipulated in the shipping contract. This type of transaction is usually
done through a shipping company and allows both the seller and the buyer of
the product to minimize the risk of fraud or default. COD allows the purchaser
to pay at the time of delivery instead of having to pay upfront. Payment is
made to the shipping company, and the shipping company then relays the
payment back to the seller.
4. GIRO

is a banking term for a method of payment which is almost the reverse of the
check system. A check given to the payee (payee) who kept it in their bank,
while the demand is given by the payer (payer) to his bank, who will then
transfer the funds to the recipient bank, directly into their accounts.
Giro is the short form of General Interbank Recurring Order. Giro transfer is
a method of payment which can be described as a "credit transfer". It is the
opposite of a cheque ("debit transfer"), which is an order given to a payee who
deposits it in a bank; the bank sends the cheque for collection to the payer's
bank. A giro order is given by the payer to his or her bank, which transfers
funds into the payee's bank account; the receiving bank then notifies the
payee. Giro is often used by post offices as well. The term is little used in the
US, although an ACH Transfer or Direct deposit is the US electronic version
of the giro transfer. The term entered UK English from German[2], and it is
sometimes capitalized as 'Giro' in common usage. It ultimately traces back to
the Italian word for "circulation", in this case referring to the circulation of
money.
5. BILL OF EXCHANGE
A bill of exchange or "draft" is a written order by the drawer to the drawee to
pay money to the payee. A common type of bill of exchange is the cheque
(check in American English), defined as a bill of exchange drawn on a banker
and payable on demand. Bills of exchange are used primarily in international
trade, and are written orders by one person to his bank to pay the bearer a
specific sum on a specific date. Prior to the advent of paper currency, bills of
exchange were a common means of exchange. They are not used as often
today.
An unconditional order issued by a person or business which directs the
recipient to pay a fixed sum of money to a third party at a future date. The
future date may be either fixed or negotiable. A bill of exchange must be in
writing and signed and dated. also called draft.
Bill of exchange is a negotiable instrument is a specialized type of "contract"
for the payment of money that is unconditional and capable of transfer by
negotiation. As payment of money is promised later, the instrument itself can
be used by the holder in due course frequently as money. Common examples
include cheques, banknotes (paper money), and commercial paper. In the
United States, the Article 3 of the Uniform Commercial Code covers the use
of negotiable instruments except banknotes (money).
6. MONEY ORDER

The letter containing the command of one another's office, agents of a bank,
post office, or financial institution to pay money to the payee, who was
appointed in the SPP (Letter of Payment Order).
A money order is a payment order for a pre-specified amount of money.
Because it is required that the funds be prepaid for the amount shown on it, it
is a more trusted method of payment than a personal check. The U.S. Postal
Service issues money orders for a small charge at any location.
7. BANK DRAFT
are securities that contain an unconditional order from the bank issuing the
draft to the other party (interested) to pay some money to a particular person
or persons designated in the allotted time.
Bank drafts are commonly used by banks in dealings with other banks, or
when a creditor or seller is unwilling to accept an ordinary check from a
debtor or buyer in another city or country. (In local transactions a certified
check or a cashier's check serves the same purpose.) When a customer (the
drawer) requests a draft, the bank withdraws the amount of the draft from his
or her account and holds it to honor the draft on its presentment by the drawee.
Because, in normal circumstances, a draft is certain to be paid, it is generally
accepted as a cash equivalent. Also called banker's draft.

8. ACCEPTANCE
is when a person agrees to experience a situation, to follow a process or
condition (often a negative or uncomfortable situation) without attempting to
change it, protest, or exit.
9. BANK TRASFER
Banks collect payment for the service from the sender as well as from the
recipient. The sending bank typically collects a fee separate from the funds
being transferred, while the receiving bank and intermediate banks through
which the transfer travels deduct fees from the money being transferred so that
the recipient receives less than when the sender sent.
10. CHECK
is a piece of paper (usually) that orders a payment of money. The person
writing the cheque, the drawer or maker, usually has a chequing account
where their money is deposited. The maker writes the various details including
the money amount, date, and a payee on the cheque, and signs it, ordering
their bank, know as the drawee, to pay this person or company the amount of
money stated.
Technically, a cheque is a negotiable instrument instructing a financial
institution to pay a specific amount of a specific currency from a specified
demand account held in the maker/depositor's name with that institution. Both
the maker and payee may be natural persons or legal entities.
a) the bank clerk's red mark verifying the signature,
(b) the two-pence stamp duty,
(c) that this is a "crossed cheque" disallowing transfer of payment to another
account,
 (d) holes punched by hand through the cheque by the bank, and
(e) that there are no magnetic-ink characters for computer sorting—banks did
not have computers in 1956 and had staff sort millions of cheques daily by
hand.

11. CREDIT TRANSFER

is a method of transferring money from one person or institution (entity) to
another. A wire transfer can be made from one bank account to another bank
account or through a transfer of cash at a cash office.
Transfer credit, credit transfer or advanced standing are the terms used by
colleges and universities for the procedure of granting credit to a student for
educational experiences or courses undertaken at another
institution."Advanced standing" is also used to describe the status of a student
granted credit, as distinct from normal course entrants who commence the
stream of study at the beginning.