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IV. Single out the main points of the texts.

V. Sum up the contents of the dialogues.

VI. Practise these words and word combinations. To undertake the responsibility

Act out the flash of conversation using the substitutions for the phrase in italics. Complete the dialogue giving your reasons.

A. Let me add here that you've undertaken the responsibility to finance the works without delay.

B. Yes, we have. But as things stand now, I don't think we'll be able to do that on time.

A. What's gone wrong?

B. To be honest...

Substitutions: to construct a transmission line; to supply the project with utilities; to provide specialists with accommodation; to construct a settle­ment; to build access roads; to provide a site; to re-do the covered-up works; to pull down the structures

To infringe; infringement

a) Answer these questions.

1. Does it often happen in your practice that some terms and conditions of the contract are infringed? 2. In what respects are contracts infringed most often? 3. What are the most frequent infringements of a contract on the part of the contractor (supplier, customer)? 4. Do contracts protect the interests of parties to the contract against infringements?

b) Act out the flash of conversation using the substitutions for the word in italics. Complete the dialogue giving your reasons.

A. You've delayed payment. It's a serious infringement of the con­ tract.

B. Well, the payment is really delayed, but we can't agree that we've infringed the contract ...

Substitutions: delivery; civil engineering works; commissioning the project; opening the L/C; providing the project with utilities; construction of the project; hospitalizing specialists; starting-up and adjustment opera­tions

244

to grant a) Answer these questions.

1. Why do developing countries turn to Russia for credits? 2. On what terms do you grant commercial credits? 3. Are the prices at which you sell complete plant and equipment competitive? Do you sometimes have to grant discounts? 4. Are your customers punctual about their obligations under turn-key contracts? Are delays common in business practice? Do customers grant you extensions of the contract time in such cases?

b) Act out the flash of conversation using the substitutions for the phrase in italics. Complete the dialogue giving your reasons.

A. How about granting us an extension of the contract time for com­ pletion?

B. Well, may I remind you that our delay in financing the works was very short and we don't believe you are entitled to any extension.

A. You'll have to look into the matter again, I'm afraid, because ... Substitutions: constructing the transmission line; supplying the project with utilities; building the access road; providing the site

In compliance with; to comply with a) Paraphrase these sentences.

1. In accordance with the agency agreement the agent is to obtain or­ders for complete equipment. 2. In accordance with the provisions of the lender documents the customer will cover the hospital bills. 3. In accor­dance with the international agreement the credit is extended at an annual interest rate of... per cent. 4. Everything was done in accordance with our previous arrangements.