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Payment
Choose the best answer to complete each of the following sentences:
1. Our usual terms of payment are by irrevocable sight L/C, reaching us one month
____ shipment, remaining valid ____ negotiation in China ____ .
A. before, on, to allow transshipment and partial shipments
B. after, in, and allow transshipment and partial shipments
C. before, for, and allowing transshipment and partial shipments
D. after, with, and allowing transshipment and partial shipments
2. The letter of credit is to be established through the Bank of China, payable ____
draft drawn at 30s’ sight.
A. with B. by C. for D. to
3. We will draw ____ you ____ 60 days ____ USD42,000 ____ your last shipment.
A. for, on, for, on B. on, at, for, with
C. for, for, for, for D. on, at, for, against
4. I suppose the terms of payment ____ acceptance ____ you, as we usually accept
payment ____ arrival of goods.
A. are, to, on B. is, for, before C. are, for, after D. is, to, on
5. Enclosed ____ catalogues and price list ____ all the items available for export.
A. is, for B. are, for C. have been, for D./, for
6. Payment by irrevocable L/C is convenient to us. And we shall draw a 30 day’s bill
____ your bank.
A. with B. to C. from D. on
7. The covering L/C must be confirmed by ____.
A. the bank to accept us B. a bank acceptable to us
C. the bank acceptable for us D. a bank acceptable by us
8. The method of payment for each transaction ____ be agreed upon between the two
trading parties at the time of ____.
A. is to, negotiation the transaction B. are to, placing an order
C. will be to, taking delivery of the goods D. has to, negotiating with the bank
9. We are confident that you will find ____ ready market for the item ____ your end.
A. /, at B. a, by C. a,
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