I. Translate the following terms: A. From English to Chinese: 1 negotiating bank 2 paying bank 3 confirmed L/C 4 clean L/C 5 revolving L/C 6 establishment of L/C 7 sight L/C 8 irrevocable L/C 9 Application Form 10 Time of Presentation of Shipping Documents B. From Chinese to English: 1 审证 2 改证 3 展证 4 开证行 5 远期信用证 6 银行担保书 7 信用证到期日 8 空白背书 9 议付有效期 10 通知行 II. Choose the best answer for the following sentences. 1 We would be pleased to send you a sample _____________ our own expense. A. against B. in C. at D of 2 In terms of quality, our products are superior ______________ other brands. A. for B. to C. at D. above 3 We can supply this type of furniture ________________ very favorable terms. A. on B. for C. against D. to 4 Your request for payment Letter of Credit is unacceptable. A. with B. by C. using D. of 5 Our terms of payment been stipulated in the relative Sales Contract. A. having B. has C. have D. had 6 We will open an irrevocable L/C to pay the goods covered by the S/C No 516. A. against B. up C. for D. on 7 We are confident that the package of our products will _____________ the roughest handling in transit. A. suffer from B. stand up to C. stand to D. put up 8 As agreed upon in our negotiations, payment ________________ L/C. A. by B. will be C. will by D. is by 9 _______________ we would like to close the business with you, we find your bid unacceptable. A. Much as B. However much C. Despite D. Much 10 Please be informed that your request for payment by L/C has our attention. A. received B. been received C. obtained D. been receiving 11 Please ____________ your L/C validity till January 23. A. extent B. expand C. expect D. extend 12 If you agree to payment by L/C, please ______________ us at once. A. notice B. note C. inform D. advice 13 We are now ______________ your inquiry of February 18. A. in receipt of B. in reception of C. upon receipt of D. on receipt of 14 Please let us know if you can accept _____________by L/C at sight. A. that payment is effected B. payment effected C. payment D. our making payment 15 If you can accept payment by L/C, we’ll make you a very competitive__________. A. order B. enclosure C. offer D. offer firm 16 The price of the catalogue is against your first order. A. removable B. replaceable C. rechargeable D. refundable 17 Buying in can reduce unit costs. A. bulk B. amounts C. volume D. figures 18 There is always a lot of to attend to on a Monday morning. A. letters B. correspondence C. communications D. information 19 The sales department is aiming at an annual _______________ of USD10 billion. A. amount B. selling volume C. turnover D. quantity 20 We have instructed the Bank of China to _____________ a sight L/C in your favor. A. draw B. do C. make D. open III. Translate the following sentences into English: 1 我们发现信用证金额不足,请把金额增加到 5,000 美元。 2 请把信用证修改为允许分批装运和转船。 3 请在第 368 号信用证的数量前插入“ about ”。 4 请尽速开立信用证,以便我方顺利装运。 5 为免以后改证,请注意信用证条款应与确认书条款一致。 IV. Compose an English letter according to the given details: 史密斯 先生 迄今为止我们尚未收到你购买我公司2,000台扫描仪而开立的信用证。请核对你方第20070308号购货合同,您将看到你答应于5月底之前开立有关信用证。你方是否有困难,我们能否有所帮助? 你方订货已备妥多时,而另一方面,最近市场对我方产品的需求量极大。您肯定理解,我们如果为了你将货物留着不卖,时间太久我们可是赔不起。 为了你方的利益,请速开信用证,该证须于6月15日前开抵我方。如果无法办到则请在今天以电话或书面形式通知我方。谢谢。 谨上 V. Write a letter in English asking for amendments to the following letter of credit by checking it with the given contract terms. Bank of Italy Irrevocable Credit No. 8310501 Milano, Italy October 27, 2014 Shanghai Cereals & Oils Import & Export Corp. Shanghai, China Dear Sirs We hereby establish an irrevocable letter of credit in your favor for account of Shanghai Cereals & Oils Import & Export Corp. for an amount of about USD212,500 (Say US Dollars Two Hundred and Twelve Thousand Five Hundred Only) available by your draft drawn on us at sight accompanied by the following documents: Signed Commercial Invoice in triplicate indicating contract No. SIE0751. Full set of clean shipped on board Bills of Lading made out to order and blank endorsed, marked “Freight Prepaid”. Inspection certificate of quality and weight in triplicate issued by Shanghai Commodity Inspection Bureau. Certificate of Origin in triplicate. Evidencing shipment of 500 metric tons of Chinese Red Beans at USD425.00 per metric ton FOB Shanghai. Shipment is to be made on or before November 30, 2014 from China to Genoa. Partial shipments are prohibited and transshipment is prohibited. 5% more or less is allowed both for the total quantity and amount. This credit is valid in Italy until the 15 th day after shipment. Yours faithfully 附:合同主要条款 合同号: SIE0751 卖 方:上海粮油进出口公司 买 方:意大利 ABC 贸易公司 商 品: 500 公吨中国红小豆,允许 5% 溢短装 单 价: FOB 上海每公吨 425 美元 总金额: 212,500 美元(允许 5% 上下) 运 输:从上海经海运运至意大利,装运不晚于 2014 年 11 月 30 日 ,不允许分批或转船。 付 款:由买方开立 100% 保兑的不可撤销信用证,在装运后 15 天内在中国议付有效。