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GB/T 16962-2010: Classification and codes for international trade payment
Status: Valid GB/T 16962: Evolution and historical versions
| Standard ID | Contents [version] | USD | STEP2 | [PDF] delivered in | Standard Title (Description) | Status | PDF |
| GB/T 16962-2010 | English | 149 |
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2 days [Need to translate]
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Classification and codes for international trade payment
| Valid |
GB/T 16962-2010
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| GB/T 16962-1997 | English | 199 |
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2 days [Need to translate]
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Codes for international trade payment
| Obsolete |
GB/T 16962-1997
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PDF similar to GB/T 16962-2010
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Word Count Estimation | 5,59 | | Date of Issue | 2010-12-01 | | Date of Implementation | 2011-05-01 | | Older Standard (superseded by this standard) | GB/T 16962-1997 | | Quoted Standard | GB/T 15421; GB/T 18126 | | Regulation (derived from) | Announcement of Newly Approved National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)
Tips & Frequently Asked Questions:Question 1: How long will the true-PDF of GB/T 16962-2010_English be delivered?Answer: Upon your order, we will start to translate GB/T 16962-2010_English as soon as possible, and keep you informed of the progress. The lead time is typically 1 ~ 2 working days. The lengthier the document the longer the lead time. Question 2: Can I share the purchased PDF of GB/T 16962-2010_English with my colleagues?Answer: Yes. The purchased PDF of GB/T 16962-2010_English will be deemed to be sold to your employer/organization who actually pays for it, including your colleagues and your employer's intranet. Question 3: Does the price include tax/VAT?Answer: Yes. Our tax invoice, downloaded/delivered in 9 seconds, includes all tax/VAT and complies with 100+ countries' tax regulations (tax exempted in 100+ countries) -- See Avoidance of Double Taxation Agreements (DTAs): List of DTAs signed between Singapore and 100+ countriesQuestion 4: Do you accept my currency other than USD?Answer: Yes. If you need your currency to be printed on the invoice, please write an email to [email protected]. In 2 working-hours, we will create a special link for you to pay in any currencies. Otherwise, follow the normal steps: Add to Cart -- Checkout -- Select your currency to pay. Question 5: Should I purchase the latest version GB/T 16962-2010?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.
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