Page 61 - Business English Book 2

Lesson 7 Letter of Credit

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A : Did you need it for the amount of USD 250,000?
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B : Yes, I did.
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A : Do you have a correspondent bank appointed?

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A : Okay, in that case, we will appoint one in seller’s country.
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B : That will be fine.
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A : I can help you with your application. What is the amount you
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B : ($250,000)_______________________________. .
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Student Asking Questions
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B : _________________________________ upfront?
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A : We require you to put down 80 percent of the face value as
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B : ________________________ service charge?
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A : It is 1 percent of face value. Let’s fill out the application. .

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A : Who is the beneficiary?
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B : ______________________________ beneficiary? _____________ seller?
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A : That’s correct. What’s the name of the seller?
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B : (Lucky Transmissions)_______________________. .
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A : The name of payer?
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B : (Samho Trading)____________________. .
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