- •Banking 1 documentary credit
- •1.1 The importer applies to the bank for opening the credit
- •1.2 The buyer places an order and informs the seller of the opening of the l/c
- •1.3 The seller receives the order and confirms it
- •1.4 The bank advises the seller that the credit is available (I.E. Confirms the credit)
- •1.5 The seller sends the documents to the bank
- •Documentary credit part II
- •2.1 The buyer replies to the seller’s request to prolong the time of delivery and discusses amendments to the l/c
- •2.2 The buyer advises the bank of the amendment agreed upon with the seller
- •3.1 The buyer informs the seller of discrepancies in the documents
- •3.2 The buyer advises the seller of payment and asks to comply with the requirements of the credit
- •4 The bank advises the buyer of payment
- •Part II
- •Vocabulary
- •Part II
- •Part II
- •Banking 2 documentary collection. Some aspects of commercial banking
- •1.1. The collection order of a bank
- •1.2 Documents are presented for collection
- •1.3 A collection order is not acknowledged
- •1.4 Returning the accepted drafts
- •1.5 Payment guarantee granted by the bank
- •2 Letter of guarantee
- •2.1 Correspondance on letter of guarantee
- •2.2 Payment guarantee granted by the bank
- •2.3 Performance guarantee granted by the bank
- •Part II
- •3 Some aspects of commercial banking
- •3.1 Opening a current account
- •3.2 Problems on standing order
- •3.3 Request for an overdraft
- •3.4 Advice of granting an overdraft
- •Vocabulary
- •Part II
- •Part II
- •Transportation
- •1.1 Request for a quotation for delivery by road
- •Quotation for delivery by road
- •1.3 Advice of delivery from consignor to consignee
- •1.4 Waybill
- •2.1 Delivery by rail
- •2.2 Consignor's reply
- •2.3 Railway bill
- •3.1 Delivery by air. Enquiry for freight rates
- •3.2 Quotation for delivery by air
- •3.3 Airway bill
- •1.4 Waybill
- •2.3 Railway bill
- •3.3 Airwaybill
- •Consignment; to consign
- •Vocabulary
- •Marine transportation
- •Request for freight rates and sailings
- •Shipping company’s reply
- •1.3 Shipping instructions sent to a shipping company
- •1.4 Instructions to a forwarding agent
- •1.5 Advice of despatch
- •1.6 Bill of lading
- •2.1 Telex enquiry for a time-charter
- •2.2 Enquiry for a time-charter
- •2.3 Offer of a vessel for carrying ore
- •2.4 Shipbroker’s reply confirming the fixture of a vessel
- •2.5 General charter
- •1.6 Bill of lading
- •2.5 General charter
- •Liner vs tramp
- •Cargo, freight, load
- •Shipping conference
- •Baltic Exchange
- •Loading dates
- •Vocabulary
- •Packing and marking
- •1.1 Enquiry to a container company
- •1.2 Container company’s reply
- •2.1 Customer’s instructions to packer
- •2.2 Packer’s information to customer
- •3 Information about marking
- •Barrel, cask, hogshead, keg
- •2. Paint vs dye
- •3. Stevedore, stevedores
- •Vocabulary
- •Contract of carriage
- •Carnet; tir Carnet; tir; cmr
- •Vocabulary
- •Insurance
- •Request for marine insurance quotation
- •1.2. Quotation for marine insurance
- •1.3. Claim
- •1.4. Reply to claim
- •2.1. Request for open cover
- •2.2. Quotation for open cover
- •2.3 Notification of shipment under open cover
- •Indemnification vs indemnity
- •Average
- •Average adjuster, average adjustment
- •4. Assessor
- •5. Underwriter
- •6. Interest
- •Vocabulary
Part II
overdraft paying-in slip security weekly balances current account balance sheet to overdraw specimen signatures standing order outstanding |
16. |
Please find enclosed as a … share certificates worth $10,000.00. |
17. |
A cheque for 1,000.00 pounds and a … are attached hereto. |
18. |
Interest charged at 11% will be calculated on the …. |
19. |
With reference to the telephone conversation of today’s date I would ask you to open a … in the trading name of Nolestru Ltd., 67 Eastern Road, Birmingham. |
20. |
We enclose … of the partners, either of whom may sign documents on behalf of the company. |
22. |
I would ask for your authorization … my account up to a limit of $5,000.00 at any time. |
21. |
With reference to the above account we would kindly ask you to give your debit entries for $450.00 and $450.00 on April 2nd and May 2nd respectively – for the monthly rent payment by … established with your bank. |
23. |
An audited copy of the company’s current …, which I imagine you wish to inspect, is attached hereto. |
24. |
We rely on your prompt clearing the … balance on the due date. |
25. |
With reference to your letter of today’s date we inform you of granting you an … of $10,000.00 available till 20 July 20__. |
FOCUS 5. Fill in the gaps with prepositions/particles where necessary.
PART I
1. |
The Seller does not receive payment … ... payment has been made ... the remitting bank. |
2. |
... receipt of the application form the bank makes ... a collection order and passes it ... ... the correspondent bank. |
3. |
The collecting bank transfers the collected amount ... the remitting bank, which credits it ... the exporter’s account. |
4. |
Collect interest ... 5% per annum. |
5. |
Authorize us ... cable to debit your account ... the proceeds. |
6. |
Please retain the bill ... presentation ... maturity. |
7. |
Please deliver the relevant documents ... SCIPELLI Spa. Milano, ... collection ... payment … $45,000.00. |
8. |
... the collection please credit the proceeds ... our account. Your expenses are to be deducted ... the proceeds. |
9. |
We hold ... our portfolio the Bills relative ... the above collection accepted ... Novoimport, Moscow. ... maturity we shall present them ... payment ... accordance ... your instructions. |
10. |
Documents are to be released ... acceptance ... the bill ... exchange. |