Задание 18 5 Answer the questions 1 What is a documentary letter of credit

Задание 18.5. Answer the questions. 1. What is a documentary letter of credit? A documentary letter of credit is an obligation of the bank that opens the letter of credit (the issuing bank) to pay the agreed amount to the seller on behalf of the buyer, upon receipt of the documents specified in the letter of credit. 2. What are all parties to a documentary credit operation called? A documentary letter of credit usually has the following parties: the buyer (applicant), the issuing bank (buyer’s bank), the advising/confirming bank (seller’s bank), the seller or supplier (beneficiary), the paying bank. With the exception of the issuing bank, any of the other banks can assume more than one role, for example, the advising bank can be the confirming and paying bank. 3. Does the seller receive payment before the arrival of the goods at destination? Yes, it does. As soon as the buyer’s bank receives the shipping documents from the seller, it notifies the buyer and makes payment on their behalf to the seller’s bank (electronically or by wire) and delivers the documents to the buyer so they can pick up the goods when they arrive. Most often, the documents arrive well ahead of the product and the seller has been paid before the goods have been received by the buyer. 4. Which party benefits more by a letter of credit? The letter of credit is an efficient tool for risk reduction in foreign trade transactions. By asking for an appropriate letter of credit the Sellers are reassured that they will receive their money in full and on time. The buyer cannot deny payment by raising dispute on quality of goods. Although letters of credit mostly benefit sellers, they also protect buyers. The bank will pay the seller for the goods, on condition that the latter presents to the bank the determined documents in line with the terms of the letter of credit. Задание 18.6. Find in the text English equivalents for the following: 1) «выставить» или открыть аккредитив – to “issue” or to open a letter of credit; 2) банк-эмитент – the issuing bank; авизующий банк – the advising bank; 3) если он может удовлетворить его требования – if he can meet its requirements; 4) документы, которые свидетельствуют об отправке товаров – the documents which prove shipment of the goods; 5) … где находится аккредитив – where the credit is available; 6) если документы удовлетворяют требованиям аккредитива – if the documents comply with the requirements of the credit; 7) рамбурс, возмещение – the reimbursement; 8) документы затем выдаются покупателю против платежа – the documents are then released to the buyer against payment. Задание 18.7. Translate the sentences paying attention to the expressions in bold: 1. I will go, providing my expenses are paid. Я поеду при условии, что мои расходы будут оплачены. 2. In view of the foregoing we hereby guarantee that the Buyers will effect above payments, provided the Sellers fulfill the engagements under the Contract. Исходя из вышеизложенного, настоящим мы гарантируем, что Покупатель произведет вышеупомянутые платежи при условии, что Продавец исполнит свои обязательства по Договору. 3. The issuing bank, acting at the request of the applicant of the credit is to make payment against stipulated documents, provided that the terms and conditions of the credit are complied with. Банк-эмитент, действующий по поручению приказодателя, обязан осуществить платеж после получения оговоренных документов при условии, что сроки и условия аккредитива соблюдаются. 4. At the request of the above bank we confirm that your reimbursement claims will be duly honored by us, provided you confirm that all the terms and conditions of the said credit have been complied with and that the documents have been dispatched by airmail to Westbank, Hamburg. По поручению вышеупомянутого банка мы подтверждаем, что мы можем надлежащим образом удовлетворить Ваши рамбурсные требования при условии, что Вы подтвердите, что все сроки и условия указанного аккредитива были соблюдены и что документы были направлены авиапочтой в адрес «Вестбанка», г. Гамбург. Задание 18.8. Translate into English: 1) открыть аккредитив – to open a letter of credit; 2) авизовать – to advise; 3) подтвердить аккредитив – to confirm the credit; 4) удовлетворять требованиям аккредитива – to comply with the requirements of the credit; 5) проверять документы – to check the documents; 6) возмещать платеж – to reimburse; 7) отгрузить товар – to ship the goods; 8) выдать документы против платежа – to release the documents against payment. Задание 18.9. Find in the text English equivalents for the following: 1) отзывной аккредитив может быть изменен или аннулирован – a revocable credit can be amended or cancelled; 2) без предварительного предупреждения – without prior warning; 3) извещение – the notification; 4) с согласия – with the agreement; 5) подтвержденный безотзывный аккредитив – confirmed irrevocable credit.

Тип работы:

Контрольная работа

Предмет:

Языки (переводы)

Статус:

готово

Стоимость. Рублей:

60

Дата выполнения:

2014-12-12

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