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8. Fill in the blanks with prepositions.

1. Payment is to be made ... an irrevocable Letter of Credit to be opened ...favour ... the Sellers ... the London bank.

2. The marking ... the cases is to be done ... indelible ink ... sides ... each case.

3. The Buyers informed that the damage ... the goods was due ... inadequate packing.

4. If the Sellers fail to deliver the equipment .... due time all the expenses connected ... the dead freight, or demurrage will be charged ... the Sellers' account.

5. The Buyers are entitled to demand .... the Sellers payment ... penalty... delay... delivery... accordance ... Clause 5.

6. The tests ... the equipment are performed according the programme agreed ....... the parties.

7 ... this case, the time fulfillment ... the Contract obligations is extended ... the period equal ... that ...which such circumstances last.

8. All disputes and differences which may arise ... or ... connection ... the present Contract will be settled ... means of negotiations... the Parties.

9. The equipment has been manufactured ... full conformity ...the description and technical specification .. the Contract.

10. The Sellers will pay ... the Buyers penalty ... their first request.

9. Translate the given word-combinations into English and use them in the sentences that follow:

набувати чинності; без порушення прав; дата відвантаження; від iмeнi свого об'єднання; утримувати штраф; що надалі називається; затримувати виконання контракту; передавати cnip до арбітражу; по закінченні гарантійного періоду; відшкодувати уci збитки.

1. Brown and Co the "Sellers", on the one part, and Steel and Co......... the “Buyers" on the other part, have concluded the present contract.

  1. 20 % of the value of the delivered equipment are to be paid .

  2. The Sellers guarantee suffered by the Buyers.

4. The names of people entitled to sign documents abroad are published in the official journal.

5 of the equipment is stated in Appendix 6 of the Contract.

  1. The Buyers will while effecting payments against invoices.

  2. The equipment delivered can be employed by the Buyers .

  3. If the Sellers , the Buyers have the right to cancel the Contract.

  4. The party which wishes .................. shall notify the other party by a registered letter.

  5. All the amendments to the present contract only when signed by both Parties.

10. Complete the following sentences with the correct form of the underlined words.

1. analyze

a / By_____________ their results in some detail, the professors were able to reach some interesting conclusions.

b/ Investment __________ evaluate the investment merits of different stocks

and shares.

c/ If you work in financial management, you probably need to have an ____________mind.

2. bankrupt

a / During a recession, it is not uncommon for people to face ____________.

b/ We are almost __________because two of our major customers can't pay us.

3. bureaucracy

a/ Government departments, hospitals, and other large organizations can be very _______________.

b/ ____________ seem to enjoy giving you masses of paperwork to deal with.

c/ 'Red tape' is a derogatory term for excessive ______________.

4. character

a/ Fast-growing firms are often ___________by a strong corporate culture.

b/ The _________of an organization is formed, to some extent, by its leader.

c/ What are the ____________of a weak corporate culture?

5. economy

a/ What sort of ___________ system do you have in your country?

b/ Strict financial controls ensure that an organization’s resources are used

__________________.

c/ Some countries have a mixed ___________ while others have a high degree of state control.

6. innovate

a/ Sony has always been seen as an _________ ___ in the field of hi-fi

equipment.

b/ In certain areas of business - for example, high fashion - it is important to be ____________and keep coming up with new styles and original designs.

c/ ______________- or stagnate!

7. research

a/ Cambridge University has a worldwide reputation in the field of scientific

________________.

b/ Pierre works in our R & D department. He's one of ten ____________ .

c/ The effects of the factory environment on shop floor workers have been extensively _____________ by a well-known industrial psychologist.

8. theory

a/ The study was largely___________, and therefore of limited value to us.

b/ In ____________, there's no reason why we couldn't produce such a

revolutionary product, but the costs would probably be prohibitive.