Page 63 - Business English Book 2
P. 63

Lesson 7                     Letter of Credit









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                   B : Do you have a correspondent bank appointed?
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                   A : There is none.

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                   B : Okay, in that case, we will appoint one in seller’s country.           .
                                                                                   s

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                   A : That will be fine.
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                   B   :  ( ( ( h e l l l p / a p p l l l i i i c a t t t i i i o n ) ) ) _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ . . .       ( ( ( a m o u n t t t ) _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ?
                                                        _
                                                        _
                   B : (help/application)____________________. (amount)________________?
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                   A : I need it for USD 250,000.
                   Student Asking Questions
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                   A : How much do you require upfront?
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                   B : (80 percent) _______________________________ and service charge.
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                   A : How much is your service charge?
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                   B : (1 percent)_______________. (application)________________________.
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                   B : Who _____________________________?
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                   A : What do you mean by the beneficiary? Do you mean the seller?

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                                         .

                                          _
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                   B : ______________. _________________ the seller?
                                           _
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                   A : It is Lucky Transmissions.
                   B : ___________ payer?
                   A : That’s Samho Trading.
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                   B : Did ____________________________________ USD 250,000?
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                   A : Yes, I did.
                                                       _
                                                                                    _
                   B : (correspondent bank)________________________________________?
                                                                              _
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                   A : There is none.
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                            a
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                              ,
                   B : Okay, ________________________________________________.         .
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                   A : That will be fine.
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