Page 64 - Business English Book 2
P. 64
Lesson 7 Letter of Credit
Review of Business Rules
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A : What is the most commonly used type of Letter of Credit?
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B : ______________________________________. .
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A : Why is irrevocable L/C most preferred?
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B : ______________________________________.
B : _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ . . .
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A : Why is irrevocable L/C the safest?
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B : ______________________________________. .
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A : If there is no correspondent bank appointed, what do we usually
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Dialogue 3
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A : What form of payment method do you require?
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B : We can only accept Irrevocable and confirmed L/C. I need you
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t to open one for the amount of USD 500,000 in favor of our firm.
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A : Okay. We will open an Irrevocable and confirmed L/C against t
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our order.
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B : As soon as we receive L/C, we can dispatch the shipment.
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A : I called to let you know that we have established a L/C
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B : That’s great. Keep me posted. And I will also let you know
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throughout the transaction. Thanks.
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A : What form of payment method do you require?
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B : (Irrevocable and confirmed L/C)________________________________. .
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_____________________________ USD 500,000 ___________________.
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