- •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
Request for marine insurance quotation
Chailing, Dowson & Co. Ltd 27-14 Mainway Singapore |
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Our ref. Your ref.
1 August, 20__ International Underwriters Ltd Planter House Princess Street London EC3 8DP
Dear Sirs,
We are to send on behalf of our clients, JV Singrustorg, a consignment of 50NG 2010 Computers, 50HP Printers, 50QU Copiers and special furniture and accessories to OOO Gorodetsky I Parnery, Vladivostok, Russia. The consignment is to be loaded on the MV Orion, sailing from Singapore on 10 August and arriving in Vladivostok on 20 August.
Please find attached details concerning packing and values. We would be grateful if you could quote a rate covering all risks from port to port as soon as possible.
Yours faithfully,
Richard Sutton Richard Sutton Export Manager
Enc.
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1.2. Quotation for marine insurance
International Underwriters Ltd. Planter House Princess Street London EC3 8DP |
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Our ref. Your ref. 3 August, 20__
Chailing, Dowson & Co.Ltd. 27-14 Mainway Singapore
Dear Mr Sutton,
Thank you for your letter of 1 August concerning cover for a consignment of computers, printers, copiers and special furniture and accessories from Singapore to Vladivostok.
We have learnt from the details attached to your letter that the invoice value is $456,000.00 and payment is to be effected by letter of credit. That’s why we suggest a valued policy against all risks for which we can quote £5,36p %
We will issue a cover note as soon as you complete and return the enclosed declaration form, which will give us detailed information about the shipment so we can prepare the insurance certificate.
Hope for your soon reply.
Yours sincerely,
S. Stanton S. Stanton Manager
Enc. |
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1.3. Claim
JV Singrustorg P0789-99 Magenta Plaza 67-k8 Singapore |
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Our ref. Your ref. 26 August, 20__ International Underwriters Ltd Planter House Princess Street London EC3 8DP
Dear Sirs,
Policy No. AS 44668
We would like to inform you that we have received a letter from our customer, OOO Gorodetsky I Partnery, about damage to three computers delivered by us. The consignment was shipped clean on the MV Orion, which sailed from Singapore on 10 August and arrived in Vladivostok on 20 August. You have our declaration form No. 987456
We have already sent our customers replacements, but would like a claims form to complete. Thank you.
Yours faithfully,
Alice Donnik Alice Donnik Senior Sales Manager
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