Bill of Exchange
International payment demand (Draft)
BILL OF EXCHANGE (DRAFT)
Exporter / Drawer Name
Address Line 1
City, Country
Tel: +1 234 567 890
At of this FIRST Bill of Exchange (Second of the same tenor and date being unpaid),
Pay to the order of
the sum of
Value received and charge the same to account of:
Bill of Exchange Explained
A **Bill of Exchange** (or Draft) is an unconditional order in writing, addressed by one person to another, signed by the person giving it, requiring the person to whom it is addressed to pay on demand or at a fixed time a sum certain in money.
Key Terms:
- Drawer: The party demanding payment (usually the Exporter).
- Drawee: The party paying (usually the Importer or their Bank).
- Tenor: "At Sight" (immediate) or "Usance" (e.g., 90 Days later).