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Unit 10 L/C Objectives: Know the basic knowledge of L/C. Know how to write letters of urging, amending extending L/C. Master typical sentences and expressions. 1. introduction: Opening of an L/C Amendment Extension of an L/C 2. how to write letters concerning L/C: 1) urging the establishment of an L/C 3.Typical sentences and expressions 1) urging L/C: You are requested to open the covering L/C immediately so that we can effect punctual shipment of your goods. In order to avoid subsequent amendment, please see to it that the L/C clauses are in exact accordance with the terms of our S/C. On examination, we have found some discrepancies, please make the following amendments: Please amend the L/C to read… instead of… 3) extending L/C Please extend the shipment date and the validity of your L/C No.111 to the end of Jan. and Feb.15,2008 respectively, and see to it that the amendment advice will reach us before the end of Dec.2005. We have received your L/C No.111 ,But on checking up its clauses, we find that it calls for shipment to be effected not latter than Nov.10,2005, whereas the contract stipulates shipment Dec.2007. Please extend the shipment date to Dec.15, 2007 and validity to Dec. 31. 4) endings: We look forward to receiving your L/C at an early date. We look forward to your fax extension / amendment to the L/C. * It is the usual practice that the L/C is to be opened and to reach the sellers 30 days before shipment so as to give the seller enough time to make preparation for shipment, such as making the goods ready and booking shipping space. If the buyer fails to do so, the seller should write a letter urging the establishment of the L/C. Buyer/Applicant Seller/Beneficiary Issuing Bank Advising Bank S/C Application Notification Transmission It is essential for the exporter to check the L/C carefully because a minor difference between the clauses in the L/C and those in the S/C, if not dis
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