1、Unit 6 Letter of CreditEnglish Correspondence for International TradeObjectivesTo write an email to urge the buyer to open the L/C1To understand the email notifying the seller the opening of the L/C2To write an email to notify the buyer to amend the L/C3Activities What to do?01Urging the establishme
2、nt of L/C02Notifying the opening of an L/C03Proposing amendments to L/C04Language practice05Activity 1 What to do?I.Read the four situations below and talk with your partner about what the importer or the exporter should do in each situation.Match the situations with the choices in the list.Situatio
3、n 1The importer and the exporter have agreed to do business on L/C terms and the importer has just established the relevant L/C through the Bank of China,New York Branch.What should the importer do next?B.The importer notifies the exporter of the opening of the L/C.Activity 1 What to do?Situation 2T
4、he importer and the exporter have agreed to do business on L/C terms and the shipment is to be effected in May.The goods are ready for shipment and it is already April,but the exporter hasnt received the relevant L/C.What should the exporter do?Situation 3The exporter has received the draft L/C.Afte
5、r careful checking,the exporter has found that the spelling of the beneficiarys name is wrong.What should the exporter do?A.The exporter urges the importer to open the relevant L/C.C.The exporter notifies the importer to amend the relevant L/C.Activity 1 What to do?Situation 4The importer and the ex
6、porter have agreed to do business on L/C terms and the shipment is to be effected in May.The exporter doesnt receive the relevant L/C until the mid of May.It is impossible to effect shipment in May as stipulated in the PO since it is too late.What should the exporter do?D.The exporter asks the impor
7、ter to extend the relevant L/C.Activity 2 Urging the establishment of L/CI.Suppose a friend borrowed 1,000 Yuan from you in January and promised to repay you in June,but it is September now and you havent got the money back.Text a message to your friend to ask him to repay you the money.Talk with yo
8、ur partner about the major contents of your message.Contents:Reminding your friend of the fact that 1,000 Yuan was borrowed and he promised to repay in June.Emphasizing the fact that three months have passed but no money repaid.Stating that you are in urgent need of the money.Asking for repayment as
9、 soon as possible.Activity 2 Urging the establishment of L/CII.Read the email of urging the importer to open the relevant L/C below.The four paragraphs are disordered.Put them into the right order.Activity 2 Urging the establishment of L/CFrom:To:Subject:Re:Opening L/C for PO No.123Dear Mr.Smith,1.T
10、he shipment date is approaching.We wish to remind you to open the L/C so that the shipment can be effected within the stipulated time.2.We hope to receive your draft L/C within the next week in order to avoid the delay of shipment.3.In order to avoid subsequent amendments and delay in shipment,pleas
11、e see to it that the L/C stipulations are in exact accordance with the terms of the PO.4.With reference to PO No.123,we wish to inform you that the goods have been ready for quite some time,but we have not received the relevant L/C up to now.Best regards,Tony WangOrder:4 1 3 2Activity 2 Urging the e
12、stablishment of L/CIII.Write an email to urge the establishment of L/C based on the following information.1.The present date:Aug.4th,2015 2.2.PO No.:3453.Terms of payment:by irrevocable L/C at sight to be established 30 days before the month of shipment4.The date of shipment:September,2015Activity 2
13、 Urging the establishment of L/CDear Mr.Smith,Re:Opening L/C for PO No.345With reference to PO No.345,we wish to inform you that the goods have been ready for quite some time,but we have not received the relevant L/C up to now.The shipment date in September,2015 is approaching.We wish to remind you
14、to open the L/C so that the shipment can be effected within the stipulated time.In order to avoid subsequent amendments and delay in shipment,please see to it that the L/C stipulations are in exact accordance with terms of payment:by irrevocable L/C at sight to be established 30 days before the mont
15、h of shipment.We hope to receive your draft L/C within the next week.Best regards,Tony WangActivity 3 Notifying the opening of an L/CRead the email below and underline what kind of information is included when notifying the opening of an L/C.Activity 3 Notifying the opening of an L/CFrom:To:Subject:
16、Re:Opening L/C for PO No.123Dear Tony,We are glad to inform you that we have opened today an irrevocable L/C No.226311 in your favor for USD 30,000 with the Bank of China,(Hong Kong)Limited,.(followed by the address)valid until May 25th,2012.Bank of China,Beijing Branch.(followed by the address)will
17、 be the Advising Bank.The L/C authorizes you to draw at sight on the Bank after shipment is made.Please present the following documents.1)Signed Commercial Invoice in three originals2)Packing List in triplicate3)Full set of Original Bill of Lading showing“to order”and blank endorsed,marked“freight c
18、ollect”notifying Global Forwarder,246 Lin Kong Road,Shatian,New Territories,HK SAR,Tel.,Fax 4)Photocopy of Certificate of Origin issued by the public authorities of China.Global Forwarder will act as our forwarding agent.They will deal with making and dispatching shipping instructions.Please contact
19、 them about shipping matters and fax us once the goods have been shipped.We shall expect your consignment by June.Yours sincerely,SmithInformation about L/C like number,value,banks,etc.Documents needed.forwarderActivity 4 Proposing amendments to L/CRead the following two emails asking for the import
20、er to make amendments to the L/C.Whats the difference between the styles of the two emails?Which one do you prefer?Rewrite the other one based on the preferred style.Activity 4 Proposing amendments to L/CEmail 1From:To:Subject:Re.:Issues to revise L/C No.226311Dear Mr.Smith,Thank you for your L/C dr
21、aft for PO No.123.Please find our comments highlighted red in the attached draft L/C.We could only accept L/C at sight.30 days is not workable for us.Is it possible to open the L/C by SCB or JP Morgan?Wed like to change the loading port to Yantian.Please extend the delivery date and the validity dat
22、e to March 31st and April 15th respectively.Others are OK.Please help to amend them and open the original L/C.We wish to receive it within next week in order to effect shipment in time.Thank you.Best regards,TonyActivity 4 Proposing amendments to L/CEmail 2From:To:Subject:Re:L/C NO.12345 issued by B
23、arclays BankDear Mr.Smith,We hereby acknowledge with thanks the receipt of the captioned L/C for the amount of USD 2,500 covering your Order No.215 for rapeseed.It appears that the amount of your L/C is insufficient,as the correct total CIF value of your order comes to USD 2,650 instead of USD2,500
24、with a difference of USD150.Furthermore,when we booked your order,we made it clear that delivery should be made within one month after the receipt of your L/C.Now you are allowing us only half a month.As you may be well aware,it is impossible for us to get the shipment ready in such a short period o
25、f time.In view of the above,you are requested to increase the amount of your L/C by USD150,making a total of USD 2,650,and also to extend the time of shipment to 31st October.Your prompt attention to this matter will be appreciated.Yours sincerely,TonyActivity 4 Proposing amendments to L/CThe first
26、letter is better for the following reasons:1)It uses the simpler expressions and sentences.2)It highlights the amendments the exporter requires.3)The format is clear and easy to read.Activity 4 Proposing amendments to L/CThe improved version of the second letter:Dear Sirs,Re:Issues to Amend L/C No.1
27、2345Thank you for your captioned L/C(No.12345).Please find our comments highlighted red in the attachment.The amendments are as follows:1.The amount should be US$2650 instead of US$2500.2.Please extend the shipping date to Oct.31st as your L/C reached us half a month late.3.Please extend the validit
28、y of the L/C to Nov.15th.Others are OK.Hope to receive your amended L/C within next week.Cheers,TonyKeys to Language practice I.Translate the following terms into English.1.开立信用证2.修改信用证3.延展信用证4.信用证草本5.信用证正本 open/establish the L/Camend the L/Cextend the L/CL/C draftthe original L/CKeys to Language pr
29、actice I.Translate the following terms into English.6.信用证条款7.信用证有效期 8.采购/销售合同条款 9.不符点 10.在合同规定的时间内 L/C terms/stipulations validity of the L/CPO/S.C.termsdiscrepancywithin the stipulated timeKeys to Language practice I.Translate the following terms into English.11.以我方为受益人12.安排装运 13.推迟装运 14.提前装运 15.将装
30、运期延展到 4 月 1 日16.我方在此提醒/通知贵方 in our favor effect shipmentdelay shipmentadvance shipmentextend the shipping date to April 1stWe wish to remind/inform/notify youKeys to Language practiceII.Translation:from English to Chinese1.According to the stipulations of S/C No.2035,you should establish the coverin
31、g L/C before April 20th.2.You must expedite the covering L/C,otherwise we shall be unable to effect shipment before the end of this month.3.The 1,000 pieces of silk scarf are scheduled to be loaded onto S.S White Cloud on April 11.Please expedite your L/C to the end of April.根据第2035号销售合同的规定，你方应该在4月2
32、0日之前开立相关信用证。你必须加速相关信用证的开立，否则我们将无法在本月底前装运。1000条丝巾预计于4月11日被装上白云号轮。请将信用证延展至4月底。Keys to Language practiceII.Translation:from English to Chinese4.With regard to L/C No.808,we have already instructed the opening bank to extend the dates of shipment and validity to May 15th and May 30th respectively.5.We h
33、ereby confirm the draft.Please help to open the original one.6.Wed like to change the loading port to Yantian.关于第802号信用证，我们已经指示开证行分别将装运日期延展至5月15日，信用证有效期延展至5月30日。我们在此确认草稿件。请尽快开立正本。我们打算把装运港改为（深圳）盐田港。Keys to Language practiceII.Translation:from English to Chinese7.Our bank refuses to accept these docum
34、ents due to the discrepancy.8.All bank charges,including discrepancy fee and any wire commission will be deducted from the proceeds.9.The shipment covered by your L/C No.598 has been ready for quite some time,but the amendment advice has not yet arrived,and now an extension of 15 days is required.由于
35、不符点的问题，我方银行拒绝接受这些单据。所有的银行费用，包括不符点费用和一切电汇的手续费，都会在付款内扣。第598号信用证项下的货品已经备妥多时了，但是信用证的修改通知至今未到，所以现在需要将信用证展期15天。Keys to Language practiceII.Translation:from English to Chinese10.We have cabled today,asking you to amend your L/C No.3429 as follows:今天我们发了电报，要求你方将第3029号信用证修改如下。Keys to Language practiceIII.Tra
36、nslation:from Chinese to English1.请尽快修改信用证，以便我们安排装运。2.我们已经开出以贵方为受益人的信用证，特此通知。3.由于还没有收到信用证的修改通知，请将船期和信用证有效期分别延展至 8 月 10日和 8 月 25 日。Please make amendments of the L/C as soon as possible so that we may arrange shipment.We are pleased to inform you that we have been requested to open a credit in your fa
37、vor.As the amendments of the L/C have not reached us,please extend the shipping date to August 10th and the L/C validity date to August 25th.Keys to Language practiceIII.Translation:from Chinese to English4.请贵方将信用证做如下修改：“吨”前删去“长”字，加入“公”字。5.鉴于我们的友好关系，对于这次交易，我方接受 60 天远期信用证。6.我们多次催促贵方开证，但至今未收到贵方的信用证。De
38、lete the word“long”and insert the word“metric”before“ton”.In consideration of our long friendly relations,we accept 60 days L/C for this transaction.We urged you many times to open the L/C,but up to now it still hasnt been received.Keys to Language practiceIII.Translation:from Chinese to English7.请尽
39、快发给我方修改过的信用证。8.由于没有驶往你港的直达轮，我方要求修改信用证，允许转船。9.根据第 3888 号销售合同的规定，你方应该在 11 月 10 日前开立有关信用证。Please send me the amended L/C ASAP.Since there is no direct steamer sailing for your port,we would request you to amend your L/C to allow transshipment.According to the shipment of sales contract No.3888,you should establish the covering L/C before November 10th.Keys to Language practiceIII.translation:from Chinese to English10.由于所有货物已经备妥待运，请立即开立信用证。我方收到信用证，立即装船。As the goods to be delivered are ready for shipment,please expedite your L/C.We will effect shipment as soon as it reaches us.
