STAR-LINE

File 1

Glossary

Make sure that you know these words. Find their Russian equivalents.

accessories – smth which is not a necessary part of smth larger but which makes it more useful, effective or attractive

export earnings – revenue from exports

collapse (n,v) – heavy and sudden fall in price (n), fall heavily and suddenly (v)

import licence – a document obtained from the government giving permission to import certain stated goods

import surcharge – an extra tax on imports, in addition to ordinary customs duties as a temporary means of controlling imports, usually applied by the government of a country that is in difficulties with its balance of payment

import duties – tax imposed on selected goods when they enter a country foreign exchange – currencies of other countries

external bank accounts – domestic currency held in an overseas bank bid (n,v) – an offer of a price for smth, to offer a price for smth bidder - a person who offers a price for smth

concession – a right given formally by a government to use an area of land for a stated purpose duty-free – of goods on which no duty is charged

overdue – late in being paid outstanding – not yet done or paid

credit facilities – special arrangement where a supplier allows a trusted customer to buy goods without immediate payment, this payment being made after an agreed time

settle the account – to pay (bill, debt, charge) clear the account – to pay in full

Θ Star-Line Nigeria sells top quality fashion jewellery. One of its main suppliers is Essil d’Or, a Parisian Jewellery House which specialized in designing accessories in gold. Government restrictions on the transfer of funds out of Nigeria are creating problems for Star-Line.