Letter advising despatch of a bill

Panton Manufacturing Ltd. have completed an order for a Dutch customer. They now advise him that the agreed bill of exchange has been sent off.

Questions

1. Where has the b/e been sent?

2. When should the bill be paid?

3. How can Mrs Haas get the shipping documents?

Panton Manufacturing Ltd.

Panton Works, Hounslow, Middlesex, TW6 2BQ

Tel: 081 353 0125 Registered No. England 266135

Telex: 21511

Fax: 081 353 6783

MrsB. Haas, 2nd March 20—

B. HaasB.V.,

Heldrmgstraat 180-2,

Postbus5411,

Amsterdam 1007,

NETHERLANDS

Dear Mrs Haas,

Order No. 8842

Thank you for your order, which has now been completed and is being sent to you today.

As agreed we have forwarded our bill, No. 1671 for £860.00 with the documents to your bank, Nederlandsbank, Heldringstraat, Amsterdam. The draft has been made out for payment 30 days after sight, and the documents will be handed to you on acceptance.

Yours sincerely,

D. Panton

Managing Director

B/E No. 1671 5^th March 20-

30 days after sight pay to the order of Panton Manufacturing Ltd. London

Eight hundred and sixty poands only value received payable at thy current rate exchange for Banker's sight drafts on London.

To. B. Haas B.V.

Heldringstraat 180-2

Amsterdam 1007 Signed

Managing director

9.6.2

Bill of exchange

Here is the bill mentioned in the previous letter. The bill has already been accepted by the drawee, who has named a bank in London which she wants to use to clear the bill.

Questions

1. What type of draft is this?

2. How much is it for?

3. Who is the payee?

4. When must the draft be paid?

5. What is the rate of exchange?

9.6.3

Letter advising despatch of a sight draft

The bill at 9.6.2 was for payment 30 days after sight. If the supplier wants immediate payment or does not have time to check the customer's credit-worthiness, he may send a sight draft, as in this example.

Panton Manufacturing Ltd.

Panton Works, Hounslow, Middlesex, TW6 2BQ

Tel: 081 353 0125

Telex: 21511

Fax: 081 353 6783

Mr. J. Lindquvist, 10th June 20—

Lindquvist AS.,

Vestergade 190-2,

DK1171,

Copenhagen K,

DENMARK

Dear Mr Lindquvist,

We have made up your order, No. 8540, which is now aboard the SS Leda, which sails for Copenhagen tomorrow.

We are sure you will be pleased with the selection of items that we were able to get from stock. As there was no time to check references, we have drawn a sight draft which will be sent to Nordbank, Garnes Vej, Copenhagen, and will be presented to you with the documents for payment.

If you can supply two references before placing your next order, we will put the transaction on a documents against acceptance basis with payment 30 days after sight.

Yours sincerely,

D. Panton

Managing Director

Ponton Manufacturing Ltd.

Panton Works, Hounslow, Middlesex, TW6 2BQ

Tel: 081 353 0125 Registered No. England 266135

Telex: 21511

Fax: 081 353 6783

The Manager, 4th July 20—

Midland Bank Ltd.,

Portman House,

Great Portland Street,

London W IN 6LL

Dear Sir,

Please would you send the enclosed draft on J.K.B. Products Pty. and documents to the National Australian Bank, 632 George Street, Sydney, Australia, and tell them to release the documents on acceptance.

Yours faithfully,

D. Panton

Managing Director

Encl.

9.6.4

Request to a bank to forward a bill

Exporters sometimes ask their banks to forward bills to importers' banks.

9.6.5

Date: 2016-01-03; view: 1819