- •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
1.4. Reply to claim
International Underwriters Ltd. Planter House Princess Street London EC3 8DP |
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Our ref. Your ref.
28 August, 20__ JV Singrustorg P0789-99 Magenta Plaza 67 k8 Singapore
Dear Ms Donnik, Policy No. 44668
We are sending you the claims form you requested in your letter of 26 August 20__. We will have your matter looked into by an assessor who is to inspect the packing and the contents and report on the nature and extent of the damage. We will consider your claim as soon as we receive the assessor’s report and have full details.
Sincerely yours,
S.Stanton S.Stanton Manager |
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2.1. Request for open cover
OAO STALTRANSIT Krivokolenny 9 Moscow Russia |
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Our ref. Your ref.
8 April, 20__ International Underwriters Ltd Planter House Princess Street London EC3 8DP
Dear Mr. Spike,
We have been insuring shipments of our products with you to various customers for 5 years already and are quite satisfied with your services. You may have noticed that now we have established a number of customers in Germany.
As we are to make regular shipments, we would like you to arrange open cover for £500,000.00 against all risks to insure consignments to German sea ports.
As to our floating policy No. 46398 for regular shipments to South American ports, we enclose three declaration forms, duly completed for three shipments respectively. As this will nearly exhaust the amount of the cover under the above policy we will be glad to renew it on the same terms as before. Please supply us with declaration forms.
We would appreciate a prompt reply.
Sincerely yours,
Alexey Kardashov Alexey Kardashov Export Department |
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Enc. |
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2.2. Quotation for open cover
International Underwriters Ltd. Planter House Princess Street London EC3 8DP |
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Our ref. Your ref.
10 April, 20__ OAO STALTRANSIT Krivokolenny 9 Moscow Russia
Dear Mr. Kardashov,
In reply to your letter of 8 April, I am pleased to say that we can arrange an all risk open cover policy for shipments of your products to German sea ports.
As you intend to ship on a regular basis, we can offer you a rate of £9.58p% for a total cover of £500,000. I’m enclosing a block of declaration forms, and you would be required to submit one for each shipment giving full details.
Concerning our floating policy No.46398 covering regular shipments to South American ports we are ready to renew it on the same terms. We presume you would like again to have cover up to £600,000.00.
We are looking forward to your confirmation of the proposed terms.
Yours sincerely,
John Spike John Spike Manager
Enc.
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