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Chapter 7 Terms of PaymentExam 1一. Translate the following phrases into English or Chinese:1. 以.为受益人2. 质量证书3. 提单4. 商业发票5. 保险凭证6. 原产地证书7. 现金储备8. 付款交单9. 承兑交单10. 考虑到,鉴于11. money conditions12. T/T=telegraphic transfer13. date of shipment14. in the meantime15. in conformity with16. make amendments17. insurance clause18. make shipment19. under the circumstances20.Cash on Delivery二. Choose the best word to complete the sentence.1. The importers had no money so the collecting bank had to _ the bill.A. collect B. protest C. dishonored2. We heard that the company had _ several drafts so we decided not to deal with them.A. presented B. protested C. dishonored3. The bill of lading was endorsed in blank so the _ name was not on it.A. importers B. agents C. banks4. When ordering goods by post, you have to send your _ in advance.A. money B. remittance C. order5. They _ the bank to let the agent clear the goods.A. told B. instructed C. ordered6. The exporters were willing to grant 3 months credit so they draw a draft at 90 days after _.A. payment B. dispatch C. sight7. When obtaining payment by documentary bills, exporters use a _ bank.A. collecting B. presenting C. accepting8. The bank _ the draft on behalf of the importers.A. accepted B. presented C. drew9. The bank _ the draft on behalf of the exporters.A. accepted B. presented C. drew10 .The importers had agreed to documents against _ so the exporters drew a sight draft on them.A. payment B. acceptance C. remittance三Correct the inappropriate words and phrases:1.It is quite probable that you could not find the model which you were looking in our catalogue.2.We are confident that the machine we offer will prove to satisfy you.3.It is not our intention for rushing you into a decision ,but as this article is in great demand, we would advise you to avail yourselves of our offer at your own interest.4.We will open an irrevocable and confirmed letter of credit by our order.5.As arranged, we would ask you to open an irrevocable credit in your favour and shall hand over shipping documents for acceptance of our draft.6.In on way we can accept your terms of payment.7.On condition that we receive your cheque in full payment by the end of June, we shall compel to take steps to enforce payment.8.As we have had no reply about our before requests for payment of our invoice dated July 28, we must now ask you to remit the due amount by the end of this month.9.We enclose our cheque for US $ 230 for payment in your invoice No.298.10.We will draw for you by our documentary draft at sight on collection basis.四.Translate the following sentences into English:1.由于资金被许多业务占用,他们不得不要求放宽付款条件。2.我方抱歉不能接受货到目的港后凭单付款的支付方式。3.如果你方能同意按即期信用证方式付款,我们即能达成交易。4.鉴于双方长期友好关系,此次我们例外接受D/P60天付款。5.中间商决不会自负盈亏采购货物。6.瑞典一进口商要求我们按承兑交单方式运去一批试销商品。7.为确保早日交货,我们附寄银行汇票一纸,计3000美元。8.我们今日已通知我方银行电汇给你方全部金额,收到后请回信。9.请在扣除你方应收手续费后,将货款货记我方1008号账户。10.你3月2日汇票已承兑,到期应照付。五.A foreign buyer whom you do not want to loss regularly paid his accounts promptly by bankers draft, but payment of his last account is now eight weeks overdue. You wrote to him a month ago. But received no reply . Send him a second letter.六. Translate the following letter into Chinese.Re: L/C 789 issued by District BankWe acknowledge receipt of the captioned L/C for the amount of 4,500 covering your order No.345 for 1,200 handbags.It appears that the amount in your L/C is insufficient as the correct total CIF value of your order comes to5,700 instead of 5,000, the difference being 700.In view of the above, please increase the amount of your L/C by 700 receipt for your amendment and we shall arrange shipment without fail.Key to exam 1一. Translate the following phrases into English or Chinese:1. in ones favor2. Certificate of Quality3. bill of lading4. commercial invoice5. Insurance Certificate6. Certificate of Origin7. cash reserves8. D/P Documents Against Payment9. D/A Documents Against Acceptance10. in consideration of 11. 资金状况12. 电汇13. 装运日期14. 同时,其间15. 与一致,符合16. 修改17. 保险条款18. 装运19. 在这种情况下20. 货到付款二. Choose the best word to complete the sentence.1-5 A C A A B 6-10 C A A BA三.1. It is quite probable that you could not find the model for which you were looking in our catalogue.2. We are confident that the machine we offer will prove to be satisfactory to you.3. It is not our intention to rush you into a decision, but as this article is in great demand, we would advise you to avail yourselves of our in your own interest.4. We will open an irrevocable and confirmed letter of credit against our order.5. As arranged, we would ask you to open an irrevocable credit in our favour and shall hand over shipping documents against acceptance of our draft.6. In no way can we accept your terms of payment.7. Unless we receive you cheque in full payment by the end of June, we shall be compelled to take steps to enforce payment.8. As we have had no reply to our previous for payment of our invoice dated July 28, we must now ask you to remit the account due by the end of this month.9. We enclose our cheque for US$ 230 in payment of your invoice No.298.10. We will draw on you by our documentary draft at sight on collection basis.四.1. The request for easier payment terms is compelled by their funds being tied up in numerous commitments.2. We regret that we can not accept D/P after the goods arrive the port of destination.3. If you agree to pay by sight L/C .we might come to terms.4. In view of the long standing friendly relations we exceptionally accept D/P at 60days sight.5. In no case will the middleman purchase the goods on his own account.6. An importer from Sweden requests us to ship a parcel of shipment for trial on D/A terms.7. In order to ensure immediate shipment we enclose here with a bank draft for the amount of $ 3 000.8. Today we informed our bank to send you all the amount by T/T, upon receipt of which please reply.9. Please credit the amount to our Account No.1008 after deducting the commissions payable to you.10. Your draft of March 12 has been accepted and will be honoured at maturity.五.Dear sirs,We very much regret to inform that up to now we have not rec

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