GB/T 16962-2010 English PDF

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GB/T 16962-2010: Classification and codes for international trade payment
Status: Valid

GB/T 16962: Historical versions

Standard ID	USD	BUY PDF	Lead-Days	Standard Title (Description)	Status
GB/T 16962-2010	149	Add to Cart	2 days	Classification and codes for international trade payment	Valid
GB/T 16962-1997	199	Add to Cart	2 days	Codes for international trade payment	Obsolete

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Basic data

Standard ID: GB/T 16962-2010 (GB/T16962-2010)
Description (Translated English): Classification and codes for international trade payment
Sector / Industry: National Standard (Recommended)
Classification of Chinese Standard: A10
Classification of International Standard: 01.140.30
Word Count Estimation: 5,59
Date of Issue: 2010-12-01
Date of Implementation: 2011-05-01
Older Standard (superseded by this standard): GB/T 16962-1997
Quoted Standard: GB/T 15421; GB/T 18126
Regulation (derived from): Announcement of Newly Approved National Standards No. 9, 2010 (No. 164 overall)
Issuing agency(ies): General Administration of Quality Supervision, Inspection and Quarantine of the People's Republic of China, Standardization Administration of the People's Republic of China
Summary: This standard specifies the classification of international trade payment methods and codes. This standard applies to organizations engaged in international trade of electronic data exchange and information processing.

GB/T 16962-2010: Classification and codes for international trade payment

---This is a DRAFT version for illustration, not a final translation. Full copy of true-PDF in English version (including equations, symbols, images, flow-chart, tables, and figures etc.) will be manually/carefully translated upon your order.
Classification and codes for international trade payment ICS 01.140.30 A10 National Standards of People's Republic of China Replacing GB/T 16962-1997 International Trade Payment Classification and codes Issued on. 2010-12-01 2011-05-01 implementation Administration of Quality Supervision, Inspection and Quarantine of People's Republic of China Standardization Administration of China released

Foreword

This standard replaces GB/T 16962-1997 "Code of payment in international trade." The main changes in the standards and GB/T 16962-1997 compared as follows. --- Standard name from "International Trade Payment Code" to "International Trade Payment Classification and Code"; --- Introduction of standards has been modified; --- Increasing the normative references; --- Increased Chapter 3, "Terms and Definitions"; --- Code into a structure consisting of two; --- Chapter 4 of the payment "accounting" to "agreement", "free" to "non-payment." This standard by the National Standardization Technical Committee of e-business and focal points. This standard drafting units. China National Institute of Standardization, the Commerce Department License Bureau, China Association of Enterprises with Foreign Trade and Economic Cooperation. The main drafters of this standard. Hu Han Jing, Wang Lingyun, Li Ying, Xiong Hongyan, Liu Ying, Xujun Rong, Bing, Chen Ying. This standard replaces the standards previously issued as follows. --- GB/T 16962-1997. International Trade Payment Classification and codes

1 Scope

This standard specifies the method of payment of International Trade Classification and codes. This standard applies to organizations engaged in international trade of electronic data exchange and information processing.

2 Normative references

The following documents contain provisions which, through reference in this standard and become the standard terms. For dated references, subsequent Amendments (not including errata content) or revisions do not apply to this standard, however, encourage the parties to the agreement are based on research Whether the latest versions of these documents. For undated reference documents, the latest versions apply to this standard. GB/T 15421 international trade codes GB/T 18126 international trade payment terms Abbreviations (PAYTERMS)

3 Terms and Definitions

The following terms and definitions apply to this standard. 3.1 Payment Terms termsofpayment In order to become an effective means of payment of debt and should meet the requirements, which typically include payment terms, payment methods (without On whether including guarantees), the payment amount and payment statements regarding the location. This provision does not decide the legitimacy of these claims. 3.2 Collection colection Banks based on instructions received on financial instruments and commercial documents to operate, in order to. a) acceptance and/or payment; b) against acceptance and/or payment. 3.2.1 Financial instruments financialdocuments Bills of exchange, promissory notes, checks, payment receipts or other similar instruments used for obtaining payment. 3.2.2 Commercial documents commercialdocuments Invoices, shipping documents, documents of title or other similar documents, and any other proof of non-financial instruments.

4 International Trade Classification and codes of payment table

According to GB/T 15421 and GB/T 18126 specifies the international trade institutions to exchange electronic data and information processing used 2-digit code. International Trade Payment Classification and codes are shown in Table 1. Table 1. International trade payment and classification code table Code Name Description Payment English 10 LETTEROFCREDIT Credit Credit L/C (LetterofCredit) 20 collection COLLECTION Payment by D/P (DocumentsagainstPayment) ......

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Answer: Yes. Unless special scenarios such as technical constraints or academic study, you should always prioritize to purchase the latest version GB/T 16962-2010 even if the enforcement date is in future. Complying with the latest version means that, by default, it also complies with all the earlier versions, technically.