Dear Sirs, Thank you __(1)__ your letter requesting payment against documents for Contract No.126. We are pleased to __ (2) __ that we agree to your __ (3) __ .We wish, however to make __ (4) __ clear that in future transactions, direct payment will be only __ (5) __ to us if __ (6) __ transaction is less than $1000 or the equivalent __ (7) __ Renminbi, Should the amount exceed that figure , payment by L/C will be __ (8) __ . We would like to say that this __ (9) __ is allowed in the __ (10) __ of our long and good business relations. Yours truly,