Listen to a dialogue and fill in the blanks. A: Well, we’ve settled the question of (1 ) , (2 ) and (3 ) . Now what about the terms of payment? B: We only accept payment by irrevocable letter of credit (4 ) . A: I see. Could you (5 ) and accept (6 ) ? B: I’m afraid not. We insist on a letter of credit. A: To tell you frankly, a letter of credit would increase the cost of my import. When I open a letter of credit with a bank, I have to (7 ) . That’ll (8 ) and add to my cost. B: Consult your bank and see if they will reduce the required deposit to (9 ) . A: Still, there will be (10 ) in connection with the credit. It would help me greatly if you would accept D/A or D/P. You can (11 ) me just as if there were a letter of credit. It makes no great difference to you, but it does to me. B: Well, Mr. Schmidt, you must be aware that (12 ) gives the exporter the additional protection of the banker’s guarantee. We always require L/C for our exports. And the other way round, we (13 ) for our imports. A: To meet you half-way, what do you say to (14 ) ? B: I’m very sorry, Mr. Schmidt, but I’m afraid I can’t promise you even that. As I’ve said, we require payment by L/C.