chapter 6 Payment.ppt

Chapter 11Terms of Payment Bill of Exchange Promissory Note Cheque L/C an irrevocable L/C opened by letter Sample Letter 信函范文： Dear Sirs, We thank you for your letter of 14th November,19.. We are pleased to receive your order, and wish to say that we have adequate stocks of type EM127DN tapes in our warehouse , and that delivery date can be met. Payment by irrevocable letter of credit is convenient for us, and we shall draw 60d/s bill on your bank. We are now awaiting the arrival of your L/C , on receipt of which we shall make the necessary arrangement for the shipment of your order. Any request for further assistance or information will receive our immediate attention. Yours Sincerely, 1. 我们的付款方式，一般是以保兑的，不可撤销的，以我公司为收益人的，按发票金额见票即付的信用证支付。该信用证应通过我们认可的银行开出。 2. 为了你方在你市场推销我方产品铺平道路，我方将接受即期付款交单方式付款，以示特别照顾。 In order to pave the way for your pushing the sale of our products in your market, we will accept the payment by D/P at sight as a special accommodation. 3. In view of the small amount of this transaction, we are prepared to accept payment by D/P at sight for the value of the goods shipped. 4.In compliance with your request, we will make an exception to our rules and accept delivery against D/P at sight, but this should not be regarded as a precedent. specimen letters-1 1 ?? Exporter urges importer to establish a letter of credit Dear sir, We regret to inform you that there has been no news from you at all about your letter of credit, which should have reached us before Sept. 9th, 2002. This has caused us much inconvenience, since we have already made preparations for shipment according to our Sales Confirmation No.4. You may recall that the same thing happened to the execution of our last contract. It was only after the market had turned for the better that you opened the covering L/C, quite beyond the time limit. We should have refused then to effect shipment, but we acceded to your request for fulfillment of your order. At the same time we pointed out tha