Our payment terms are__,irrevocable letter of credit for the full invoice value()
A.confirmed
B.combined
C.committed
D.completed
A.confirmed
B.combined
C.committed
D.completed
第1题
_____ the terms of payment as stipulated in the contract ,please establish an
irrevocable letter of credit in our favor.
A. In fact
B. As a matter of fact
C. In contrast with
D. In accordance with
第2题
B、As a matter of fact
C、In contrast with
D、In accordance with
第4题
第5题
A.A. by,for
B.B. by,to
C.C. for,to
D.D. for,with
第6题
第7题
Make a non-firm offer after reading the following given letter of initial inquiry. Dear Sirs,
We have learned from Smith and company of Birmingham that you manufacture a range of high-fashion handbags in a variety of leathers.
We operate a quality retail business and although our sales volume is not large, we obtain high prices for our goods.
Would you please send me a copy of your handbag catalogue with details of your prices and payment terms?
We would find it most helpful if you could also supply samples of the various skins from which the handbags are made.
Yours faithfully,
第8题
A: I made a very close study of the draft contract last night.
B: Any questions?
A: Yes.There are a few points which I'd like to bring up.First, the packing.It's stipulated in the contract that all the machine parts should be packed in wooden cases.This can be done with the machine parts, but it's impossible to pack a truck base like that.
B: I see.
A: Second, about the terms of payment.Your draft contract says that payment is to be made by D/P.This is not our practice.We prefer to have the payment made by L/C through a negotiating bank in France.
B: And…
A: And the third point is about arbitration.It's stipulated that arbitration shall take place in China.In all our past contracts signed with you, it was stipulated that arbitration took place in a third country.
B: Yes, that's right.
A: But how is it that this time you wish to have it carried out in China?
B: Shall we take up the matter point by point?
A: That's a good idea.
B: Now, the first point is about packing.We agree to a different packing for the truck.
A: This can easily be done.
B: Second, about terms of payment by L/C.
A: Thank you.
B: As for arbitration, in our dealings with many countries, arbitration is to be carried out in China.The Arbitration Commission of CCPIT enjoys a high prestige among friendly companies.Personally I hope you'll accept this clause.Furthermore, the disputes that have arisen from our business transaction were all settled through friendly consultations.Very rarely was arbitration restored to.
A: I see.OK.The new arbitration clause is acceptable.Is there anything else?
B: As far as the contract stipulations are concerned, there is nothing more.Thank you very much.
A: When should we sign the contract?
B: We'I1 revise the contract this evening, and have it ready to be signed tomorrow morning at ten.How's that?
A: Perfect.
第9题
Complaints caused by not delivering according to the time and quantity
In the fall of 2006 ,one of our trading companies concluded a substantial rice business with an old customer in Africa. The terms of delivery are : shipment is to be made in equal monthly lots beginning from December,2006 to June,2007 and payment is to be made by irrevocable letter of credit 60 days after the date of the bill of lading. The customer established the L/C in time and all particulars of the rice, such as the name , specifications , unit price,total price and total quantity are in conformity with the contract. But the terms of shipment only stated " the latest date of shipment is June 30 ,to be shipped in several lots".
The staff in our trading company made the first shipment in December according to the quantity stated in the contract. However in order to export more and eam more foreign exchange earlier, they advanced the time of shipment regardless the shipment terms stipulated in the contract. In January 2007 , our company shipped the quantity of the first quarter once , and in February made the third shipment for the rest quantity that should be delivered in the second quarter, since our staff had not found any specifications "shipment is to be made in equal lots" in the L/C. At the same time our bank negotiated against presentation of the stipulated documents and subsequently asked the opening bank to pay for the goods. The opening bank examined the L/C and confirmed that the L/C had no error in it.
After receiving the shipping advice, the African customer found that the delivered quantity of the rice both in the second lot and third lot were not in accordance with the shipment terms stipulated in the contract, so a claim was filed by the customer against our trading company for default shipment. The amount claimed involved the added fees of chartering warehouse for the delivered goods, the interest and other charges etc. The two parties negotiated the compensation for several times, finally our company accepted the opposing party's opinion and agreed that the purchase price for the last two lots was to be paid four months later, that meant our company would receive the payment a few months later than che original stated time. According to Lhe current price in the international market at that time, our trading company suffered the loss equivalent to 10 percent of the original selling price.
Questions :
(1) What is the relationship between the letter of credit and the transaction contract?
(2) Which proof must the two parties concerned base on when they perform their obligations?
(Translate the case into Chinese and then answer the question)
Helpful hint: It is stipulated in Article 4 of the Uniform Customs and Practice for Documentary Credits that "in credit operations all parties concerned deal in documents and not in goods , service and/or other performance to which the documents may relate" .
第10题
Firm offer of Men's shirt
Dear Sirs,
Thank you for your letter of April 5th asking for our(1)for Men's Shirt, and now we are sending you the following offer,(2)your reply reaching us here by the end of this month.
(3): Men's Shirt
(4): S/3, M/6, L/3
Color: white, blue, green yellow
Quantity: 6000dozens
Packing: each in a plastic bag and 10 dozens in a carton
(5): at buyer's option
(6): US $200 per dozen CIFC 2% Hong Kong.
Shipment: March/April, 2008
Terms of payment: By 100%(7)irrevocable L/C(8)by draft at sight to be opened 30 days before the time of shipment.
We hope our products will be(9)to you in every way and trust you will give us the(10)to serve you soon.
Yours truly,
第11题
that, impressed, against, at, who, with, place, catalogue, displayed, for Dear Sir or Madam,
We were(1)by the selection of sweaters that were(2)on your stand(3)the Menswear Exhibition(4)was held in Chicago last month.
We are a large chain of retailers and looking for a manufacturer(5)could supply us(6)a wide range of sweaters(7)the teenage market.
As we usually(8)very large orders, we would expect a quantity discount in addition to a 20% trade discount off net list prices, and our terms of payment are normally 30 days bill of exchange, documents(9)payment.
If these conditions interest you, and you can meet orders of over 1000 garments at one time, please send us your current(10)and price-list. We hope to hear from you soon.
Yours faithfully,