Welcome to class! Lesson 33. New words and useful expressions Deliver the goods in time means _____ _____. Something is suppliable means something is.

Slides:



Advertisements
Similar presentations
Letter of Urging Prompt Settlement. Focal Points Understanding the necessity of early settlement How to urge settlement Letter writing format of urging.
Advertisements

Letter of Credit.
Order Letter Gladys Hung.
Orders: Placing orders, Acknowledging/accepting, refusing orders
INTERNATIONAL TRADE SERVICES
LETTER OF CREDIT CITD SEMINAR
Export Payment Methods and Financing Webinar Tekle Sebhatu, Ph.D. November 18, 2011
Methods of Payment in exporting and importing
Chapter 8 Export Business Negotiation and Conclusion of Contract Abstract: This chapter tells the general procedures of business negotiation, the basical.
INCOTERMS 2000 First published by the ICC in 1936 ICC (International Chamber of Commerce) Official Rules for the Interpretation of Trade terms. Purpose.
Offer. ©Lenka Lexová Structure of an offer Offers are replies to inquiries and have the following parts: Thanks for the inquiry Precise description of.
HOW TO WRITE A LETTER COVER LETTER. A cover letter is a crucial part of the job application process It is used to demonstrate your understanding of the.
Financing Foreign Trade
EXPORT/IMPORT PROCEDURES
Chapter Four Enquiries and Replies.
Eastern Mediterranean University BANK406 Corporate Banking Law and Practice Chp 2 Bilge Oney, Ph.D. Faculty of Business and Economics Department of Banking.
Incoterms - International Commercial Terms ICC 2000 By Linda Holtes.
8-1 © 2010 The McGraw-Hill Companies, Inc. All rights reserved.
8–18–1 Copyright © 2012 by The McGraw-Hill Companies, Inc. All rights reserved. McGraw-Hill/Irwin.
ACCOUNTING FOR MERCHANDISING OPERATIONS
Export & Import Financing
Chapter 17 Pricing Strategies: Countertrade and Terms of Sales/Payment.
CHAPTER XXXIII NEGOTIATION OF SHIPPING DOCUMENTS
Structure of Offer Letter  Acknowledgement of inquiry  Advantage of the product  Main Trade Terms  Offer validity  A pushing end.
International Trade & Role of Financial Institutions
CH1 INTERNATIONAL TRADE CONTRACTS
Giving Quotations. Definition of Quotation The quoting of current prices and bids for securities and goods.
CHAPTER EIGHT THE BASIC LETTER OF CREDIT. With a letter of credit banks become directly involved by committing themselves to pay the seller, which enables.
1 Welcome to EC 382: International Economics By: Dr. Jacqueline Khorassani Week Eleven.
國貿英文 第七節 報價及發價信函.
Unit Four Offers and Counter-offers. Learning Objectives To understand conditions than an offer and counter-offer shall possess. To understand conditions.
International Payments: Imports and Exports Security versus flexibility: When negotiating the terms of payment you always face a dilemma: - if you insist.
Lesson Eight: Counter offer. Leading in at USD18 per pair CIF New York, OK? at USD20 per pair CIF New York.
外贸英语函电 PROJECT ONE NEGOTIATION. Task Five Conclusion of Business I. Aims:  To understand the lessons in the chapter  to learn the importance of writing.
© 2014 Cengage Learning. All Rights Reserved. Learning Objectives © 2014 Cengage Learning. All Rights Reserved. LO8 Record cash payments using a cash payments.
Unit 13 Money Teaching Objectives This unit aims to enable the learners to: take part in a business negotiation understand some basic ideal in finance.
Showing Interest in Products Dear Sirs, We have read your advertisement in “Economic Reporter” and we are glad to know that you are one of the leading.
Unit 7 When Literature Meets Business Letter of Credit (L/C)
Business English Letter Task5.2 Price and Commission.
C7- 1 Learning Objectives The students should master the concepts of Incoterms 2000; trade terms; FOB;CIF; CFR [Important and Difficult Points] the differences.
Copyright © 2015 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education.
LOGO Students’ Activities Unit 4 Offer and Counter-offer.
Lesson Ten L/C Amendment & Extension. Teaching Objectives Through learning this lesson, students are supposed to be able to: 1. Know about L/C amendment.
REPLIES AND QUOTATIONS
Chapter 10 Payments Payment in foreign trade is often more complicated and difficult than selling in the home market because a great distance separates.
Jeopardy By : Esther Michael The Acceptor is the.. Ans. A drawee who has written “accepted” on the document and signed his/her name.
Unit 4 Firm Offer & Non-firm Offer 精品课程《外贸函电英语》 Text A A Firm Offer 精品课程《外贸函电英语》
Chapter Five Quotations, Offers and Counter- Offers.
Order Unit 5. It is the consumer, and the consumer alone, who casts the vote that determines how big any company should be. ---Crawford H. Greenwalt A.
Purchase Orders, Invoices, and Shipping Chapter 16 Sec 3.
Practice of International Trade – The Price of the Contract Commodity Chapter 4-3
Financing Foreign Trade. Learning Objectives What are the key elements of an import or export transaction? What are the three key documents in import.
LEB Slide Set 3a Letter of Credit Matti Rudanko LEB Slide set 3a 2 Specification of Price “Art 4 Price 4.1 If no price has been agreed, the Seller's.
CHAPTER SIX THE BUSINESS OF FOREIGN TRADE. Facilitating international trade is one of the most important activities of a bank’s international department.
Project Ⅱ Task 6 Bill of lading. Section 2 III. Bill of lading A bill of lading (sometimes referred to as a B/L) is a transport document issued by a carrier.
C H A P T E R 15 Processing the export order Contract of affreightment: terms of delivery: Incoterms 2000 the stage and location the stage at which.
Keys to Case Study Chapter It was not right for the buyer not to take delivery of the goods. In this case, the contract concluded between the seller.
Unit 2 Establishing Business Relations. Words & Phrases 1.terms and conditions n. (合约上 的)条款和条件 2.enclose v. 封入 We are enclosing sth. Sth. is enclosed.
Spoken English for International Business. Learning Point In this lesson, we will learn how to conclude the negotiation and sign the final written contract.
© 2014 Cengage Learning. All Rights Reserved. Learning Objectives © 2014 Cengage Learning. All Rights Reserved. LO1 Explain the purpose of entering the.
Unit 7 Payment & L\C To be familiar with payment terms and methods of payment.
Trade Finance and Payment Methods May 9 th, 2013 Presented by: Berenice Carmona Jaime Martinez International Trade Center.
Chapter Three Inquiries and replies. A Question How should we write business letters establishing business relations?
Chapter 8 Quotations quote v. Quotation n. Quote vt. Would you please quote us your lowest price CIF London for 5,000 pieces of Men ’ s Shirts? This is.
Key point: useful terms and definitions of e-commerce Difficult points: writing skill s of a letter of offers.
EXPORT/IMPORT PROCEDURES
LỚP CN 19B KINH TẾ ĐỐI NGOẠI
Lecture 5 offers and counteroffers
THANG LONG GARMENT COMPANY Your ref: MJ/rm Our ref: TH/mh
THANG LONG GARMENT COMPANY Your ref: MJ/rm Our ref: TH/mh
Presentation transcript:

Welcome to class! Lesson 33

New words and useful expressions Deliver the goods in time means _____ _____. Something is suppliable means something is in _____. ( _____ ( is the unit of the UKs currency. prompt delivery stock Stg £

Inquiry, offer, counter offer and ________ ( are the four basic steps of a negotiation. We usually use an _________ L/C in our trade because it is safer. There is a confirming bank in a_________ L/C. We can use the word _______ ( to express the meaning of can pay. acceptance irrevocable confirmed payable

_____ ( means write back to. _____ ( is a port city of the United Arab Emirates. The offer is valid,_____ ____( · · · · · · ) your reply reaching us before the end of this week. A draft that should be paid as soon as you see it is called _____ _____ _____ ( ). Reply Dubai subject to draft at sight

Fill in the blanks (answers) 1.quantity 2.supplied 3.offer 4.acceptance 5.reply

Terms and conditions Article:Towel Art. No. 269 Quantity:3000 dozen Shipment:Prompt delivery Transportation: By sea Price: Stg £18 per dozen CFR Dubai Terms of payment: Irrevocable,confirmed L/C payable by draft at sight

Listen and give responses (answers available) 1.Normally CIF or CFR. 2.Stg £10 per piece CFR Livepool. 3.We have large, medium and small. 4.Forty days after receiving the L/C. 5.For five days.

Pairwork Background: Student A is the manager of the International Department. Student B is a customer form Africa who is interested in Eagle Brand Washing Machine exported by Student A. Now they are having a business talk about trade terms and conditions.

The following maybe helpful: at US$…per set CIF Liverpool 2% discount is acceptable sets in November and sets in December payment by confirmed, irrevocable L/C payable by draft at sight valid until September 8, 2002

Oral practice: key words 1.demand for: · · · · · · as soon as possible: 2.net:, commission: 3.make sb an offer: firm offer: FOB: 4.subject to: · · · · · · 5.under separate cover:

Translations available

Thank you!