- •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
Vocabulary
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LEAD-IN | |
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to discount discount rate
discount commission |
дисконтировать, учитывать учетная ставка, ставка дисконта комиссия, взимаемая за учет векселя |
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documentary collection |
─ документарное инкассо |
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documentary credit syn documentary L/C |
─ документарный аккредитив |
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to execute payment syn to effect payment syn to make payment |
осуществлять платеж |
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applicant for the credit |
аппликант, заявитель, приказодатель |
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beneficiary of a L/C |
─бенефициар, получатель средств по аккредитиву |
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to open a L/C syn to establish a L/C syn to issue a L/C |
открыть аккредитив |
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requirements of a L/C syn credit requirements syn terms of a L/C syn credit terms |
зд. условия аккредитива |
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issuing bank |
банк-эмитент |
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corresponding bank syn correspondent bank syn agent bank |
банк-корреспондент |
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to advise credit |
уведомлять об открытии аккредитива, авизовать аккредитив |
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advising bank |
банк, уведомляющий об открытии аккредитива; банк, производящий выплату по аккредитиву |
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confirming bank |
подтверждающий банк |
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reimburse
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─ возмещать, компенсировать, рамбурсировать, возвращать |
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reimbursement |
─ компенсация, возмещение, рамбурс |
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to release documents syn to surrender documents |
─ выдавать документы |
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to effect settlement |
осуществлять расчет |
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undertaking to pay |
обязательство осуществить платеж |
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liquid funds |
ликвидные средства |
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to reconcile |
согласовывать, улаживать, примирять, приводить в соответствие |
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to instruct a bank |
давать инструкции, распоряжение банку |
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to obtain payment syn to receive payment |
получать платеж |
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revocable ant irrevocable |
отзывный безотзывный |
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confirmed ant unconfirmed |
подтвержденный неподтвержденный |
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partial shipment |
частичные отгрузки |
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negotiation of drafts |
зд. оплата тратт (негоциация) |
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purporting |
означающий, подразумевающий |
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impairment of security |
зд. нарушение гарантии (платежа) |
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legal security |
юридическая гарантия |
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LETTER 1.1 | |
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relevant details |
детальная информация по данному вопросу |
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passage of documents |
передача, прохождение документов |
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LETTER 1.2 | |
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bank commission on a draft |
банковская комиссия по тратте |
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adviсe of charges |
уведомление о расходах |
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LETTER 1.4 | |
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to authorize opening of credit |
разрешать, уполномочивать открытие аккредитива |
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evidence of shipment |
подтверждение отгрузки |
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to produce documents syn to present documents |
представлять документы |
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LETTER 1.5 | |
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to call for |
требовать |
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net amount |
сумма-нетто |
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LETTER 2.1 | |
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to bear extra charges |
нести дополнительные расходы |
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to amend ● amendment to a L/C |
─ изменять ─ изменение аккредитива |
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LETTER 2.2 | |
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for smb’s account syn at smb’s expense |
за чей-либо счет |
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LETTER 3.1 | |
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to block payment out of LC |
блокировать выплаты с аккредитива |
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discrepancy in documents ● discrepancy between the documents and the credit requirements |
─расхождение в документах ─ расхождение документов с условиями аккредитива |
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to expire |
истекать (о сроке) |
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to cancel |
─ аннулировать |
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LETTER 3.2 | |
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proceeds |
выручка, доход, вырученная сумма |
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LETTER 4 | |
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to surrender syn to release surrender syn release |
предоставлять, передавать (документ) передача, выдача, вручение |
FOCUS 4. Fill in the gaps with one of the following words or word combinations. Use the appropriate tense form.
PART I
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forwarding agents discount commission credits rate collections irrevocable application form reimbursement to issue to discount (2) draft (3) documentary credit issuing bank intermediary to make up confirmation revocable charges to draw to accept |
1. Despatch and marking instructions will be given by our … in London, who will advise you of their ….
2. Our … on you for this amount is enclosed, and we ask you … it, after acceptance, at the agreed ….
3. Payment by a B/E gives the buyer credit and is, of course, absolutely safe for the seller, who can … the bill for ready cash if he needs it.
4. The … after checking the documents reimburses the bank that has paid.
5. The bank acts as an … between the buyer and the seller.
6. The bank, which made payment to the seller, sends the documents to the issuing bank for ….
7. The buyer asks his bank … or open a letter of credit.
8. The sum of the credit is sufficient to cover c.i.f. shipment and bank commission on the ….
9. The two principal instruments offered by the banks for executing and securing payments in international trade are documentary … and documentary ….
10. There are two types of documentary credits: …, i.e. those that can be cancelled, and …, i.e. those that cannot be cancelled.
11. We are attaching to the letter your … with all the relevant details completed.
12. We shall require the documents listed below to be produced by you before we … your draft, which should include our … at 5%.
13. When we receive … of the credit from General Bank, London, we will … your order and await despatch instructions from your agent.
14. With a …, the beneficiary is no longer dependent on the buyer’s ability or willingness to pay.
15. You are authorized … 60 days’ … on us against this credit for the amount of your invoice as soon as you provide evidence of shipment.