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Answer the questions:

  1. What are Ann and Robert’s positions in the company?

  2. How does Ann rate their Belgian customer, Mr. Laurier?

  3. What rumours did Robert hear about Mr. Laurier?

  4. What problems may Mr. Laurier be having at the moment?

  5. How did Laurier use to pay?

  6. Why was the method of payment changed later?

  7. On what terms does Laurier want to deal with the sellers now?

  8. How does he want to settle?

  9. How do Ann and Robert feel about Mr. Laurie’s suggestion?

  10. Why did the Managing Director agree to put Laurier off for a while?

Ex.1.Insert the necessary prepositions.

  1. Please, remember to advise us __ shipment __ advance.

  2. The money has been credited __ our account __ time.

  3. The Seller’s bank got__ touch __ the correspondent bank in London and the credit was established __ the Buyer’s name.

  4. The contract specified that the Seller had to make __ a Sight Draft drawn __ Lloyds __ 10.000 $.

  5. There is a delay __ shipment of the goods and the Seller should look __ the matter.

  6. The Customs are very fussy __ the documents, if they aren’t filled __ properly they won’t release the goods.

  7. At first we drew __ the company __ sight and now we draw __ them __sixty days.

  8. All the necessary documents will be handed __ __ the company as soon as they pay for the goods.

  9. Do you think it’s a good idea to offer him a hundred and eighty days credit? Up __ a point, because I’m not too sure ___ his reliability.

  10. News of his financial problems finally reached us ___ the office grapevine.

  11. I think we could offer the customer open account terms because he always pays us __ the nail.

  12. I’ve heard he wants longer credit but I’ll put him __ for a while.

  13. They were quite happy to go __ __ the Manager’s suggestion.

Ex.2.Paraphrase the following sentences using your active vocabulary.

              1. I’ve heard one or two things unofficially.

              2. He always pays immediately.

              3. I’ll wait for a while before agreeing to what he wants.

              4. This bill of exchange is payable when it is presented to the debtor.

              5. Do you agree with this judgement?

              6. Give these documents to me, please.

              7. You should check everything carefully, then check again.

              8. What is your opinion of him?

              9. The L/C is effective until April the eighth.

              10. The customer must pay for the goods as soon as the Bill of Exchange is presented to him.

Ex.3.Translate the following sentences into English.

1. Мы сообщили ему о поставке товара и попросили расплатиться банковским переводом.

2. Аккредитив действителен только до 5 марта.

3. Тратта была выставлена на банк-корреспондент.

4. Возможно, у нашего клиента проблемы с движением наличности.

5. Мы передадим ему отгрузочные документы, как только он заплатит за товары.

6. Они получили эту информацию из неофициальных источников.

7. Все документы должны отвечать условиям аккредитива.

8. Когда Вы собираетесь перевести деньги на наш счет?

9. На Вашем месте, я бы подождал принимать решение по этому вопросу.

10.Если покупатель акцептовал вексель, это значит, что он обязательно оплатит его.