卒业设计.doc

Payment Terms Gentlemen, Re: our order No.By/887—Sewing Machines We have instructed the Commercial Bank of San Francisco to open a credit for US $... in your favor ,valid until 30th may.The credit will be comfirmed by the Bank of China, Shanghai, who will accept your draft on them at sight for the amount of your invoice. The documents required for negotiation are: 3 Commercial Invoices 2 Bill of Lading Insurance policy Please advise us by cable when the sewing machines have been shipped. Yours faithfully, Dear Sirs, Our past purchase of Mild Steel Sheets from you has been paid as a rule by comfirmed, irrevocable letter of credit. On this basis, it has indeed cost us a great deal. From the moment to open credit till the time our buyers pay us ,the tie-up of our funds lasts about 4 months. Under the present circumstance, this question is particularly taxing owing to the tight money condition and unprecedented high bank interest. If you would kindly make easier payment terms, we are sure that such an accommodation would be conductive to encouraging business. We propose either “Cash against Documents on arrival of goods” or “Drawing on us at three months’ sight”. Your kindness in giving priority to the consideration of the above request and giving us an early favorable reply will be highly appreciated. Yours faithfully, Dear Sirs, We note from your letter of August 2 that you wish to have a change in payment terms. Actually, there is nothing unusual in our original arrangement. Counting from the time you open credit till the time shipment reaches your port, the intervals, which is quite normal, is only about 3 months. Besides, your L/C is opened when the goods are ready for shipment. In this ca