- •Payment 3 settling accounts
- •1.1 The buyer advises of payment
- •1.2 The seller acknowledges payment
- •2.1 Requesting time to pay
- •2.2 Offering a compromise
- •3.1 Informing of delay in payment
- •3.2 Clearing a problem of non-payment
- •4.1 First reminder
- •4.2 Second reminder
- •4.3 Third request (final demand)
- •Vocabulary
2.2 Offering a compromise
REISDEN ING CF1 9UJ Verbaarten Amsterdam
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Our ref. Your ref.
26 July 20__ DAVENPORT Ltd. Queens B-78 Cathays Park Cardiff
Dear Mr Malkovitch,
We regret to hear about the problems you have faced for the past few weeks and can understand why you need more time to clear your account with us. Nevertheless, when allowing open account terms, we emphasized these terms of payment were subject to the balances being cleared promptly on due dates as credit facilities put a strain on our cash flow situation. Owing to this fact we cannot extend the credit for two months.
However, taking into account your previous business with us we are quite willing to allow you to clear half the balance, viz. $75,000.00 by a sight draft, see enclosed B/E No. 45-89, and clear the outstanding amount by accepting B/E No. 45-93, drawn at 30 days.
We look forward to receiving your acceptance and confirmation.
Yours sincerely, M.Grooves M.Grooves Managing Director |
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3.1 Informing of delay in payment
TANG Inc. Diputación 235, Asuncion, Paraguay | ||
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Our ref. Your ref.
3 January 20__ ROSINTEGRAL Russia, Moscow, Rakhmaninov per., 11b
Dear Ms Mikhailova,
We are writing to find out why you have not settled our pro-forma invoice No. L78/1 for $17,567.00, a copy of which is enclosed herewith. (As agreed upon advance payment).
We know that since we began our cooperation 5 years ago you have cleared your accounts regularly on the due dates. That is why we wonder if any problems have arisen which we might be able to help you with. Please let us know if we can be of any assistance to you.
Yours sincerely, B.Pool B. Pool Sales Department
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3.2 Clearing a problem of non-payment
ROSINTEGRAL Russia, Moscow, Rakhmaninov per., 11b | ||
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Our ref. Your ref.
8th January 20__
TANG Inc., Diputacio;´n 235, Asuncion, Paraguay
Dear Mr Pool,
We were surprised to receive your letter of the 3rd January stating that you had not received payment for invoice No. L78/1.
We instructed our bank, viz. Vnesheconom Bank, Moscow, to credit your account in Unit Trust Bank, with $17,567.00 on 27th December 20__.
As our bank statement showed the money had been debited to our account, we assumed that it had been credited to your account as well. It is possible that your bank has not advised you yet. Could you please check this up with Unit Trust Bank, and if there are any problems let us know, so that we could make enquiries.
Yours sincerely, L.Mikhailova L.Mikhailova Chief Buyer
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