CORRESPONDENCE BETWEEN BUYERS AND SELLERS

Bills: (1) The buyer writes to the seller

22. Please draw on us for the amount of your invoice and attach the documents listed below to your draft.

23. We propose to pay by bill of exchange at 30 d/s, documents against acceptance. Please confirm if this is acceptable to you.

24. You may draw on our London agents, Messrs.... at 60 d/s for the amount of your invoice. Our agents have been instructed accordingly and advised of the terms of our agreement.

25. We have received your letter and invoice dated 3 January and are willing to accept your draft for the amount involved, payable at 60 days' sight.

26. Our bankers in Hamburg, Die Handelsbank, will accept your draft on them on our behalf.

27. We agree to accept the goods in 3 shipments and you may draw on us at 90 days from date of despatch in the case of each shipment.

28. Kindly send us 2 bills of lading by separate posts, together with your draft at 60 days for acceptance.

29. Our acceptances will be honoured at... Bank on presentation.

30. Your draft of 25 April has been accepted and will be given our protection."

31. Your draft on us for £250 in favour of J. J. Brown has been accepted, but will you please note that such drafts should be advised in future.

32. In view of the current low level of prices we have to ask you to limit your drafts on us to 60% of the amount you expect us to obtain for your consignments, or we shall be unable to meet these drafts.

33. I am very sorry to say that I find myself unable to meet this bill, due on 1 December, and I feel sure you will appreciate the difficulty in which I am placed. If you would kindly accept £300 cash and draw a further bill on me at 2 months for the balance of £150 plus interest at 6%, I would be most grateful to you and guarantee to honour it on presentation.

34. We are surprised to find that you have drawn on us for the last shipment, as we advised • you in our letter of 11 February that we could handle these goods on a consignment basis" only. Please note that we have accordingly declined to accept your bill in this instance.

35. Your draft for the shipment by S.S. Calcutta was presented yesterday and duly met. We should now like to ask you if you are willing to supply us in future on 60 d/s, D/A terms, as other suppliers in your country are already allowing us this credit.

36. The goods arrived in excellent condition and we are fully satisfied with them. If you can guarantee to repeat this quality we shall place large orders with you, and in this case we shall require open account terms. Please let us know if you are prepared to grant us these, with settlement by banker's transfer within 30 days of date of your quarterly statement.

37. In reply to your Better of... in which you say that our acceptance no. 1210 of 22 June appears to have been lost in a plane crash, we are willing to accept a copy of this provided you indemnity us against liability in the event of the original being found.

Bills: (2) The seller writes to the buyer

38. In accordance with our (terms of payment) (agreement) we have drawn on you at 30 days' sight for the amount of the enclosed invoice.

39. Your proposal to pay by draft is acceptable to us and we shall accordingly draw on you at 2 months from date off shipment of your order.

40. As arranged, we are attaching our sight draft on you for £310 to the shipping docu­ments and are handing them to our bank for forwarding to you.

41. We note that you wish us to draw on your London agents for the amount of our invoice. This is acceptable to us and we shall send them our draft for attention as soon as the goods are ready for shipment.

42. We have pleasure in advising you that your order no.... was despatched on the S.S. Banji on 20 April and you should receive the goods within 3 weeks. Our draft on you at 60 d/s in favour of R. A. Mason will be presented to you by the Great Oriental Bank. Shanghai, and we would be grateful if you would kindly give It your protection.

43. We are pleased to confirm that each shipment win be separately charged and that we shall draw on you under advice" for the invoice amounts.

44. We apologise for our failure to advise you that we had drawn on you. This was due to a misunderstanding and we shall take care to avoidany recurrence.

45. In view of the recent price» fluctuations in yourmarketwe shall not draw on you till we have your first reports on the prices you are obtaining for thesegoods.

46. We are quite willing to put your account on a 60 d/s D/A basis and will make this effective from 1 January.

47. Your request for open account terms has been considered and we are pleased to grant this facility. We would, however, prefer to draw a sight bill on you quarterly in favour of the Export Bank of Australia, and we hope this will be agreeable to you.

48. Much to our surprise, quit draft on you dated 11 May and due 1 July was returned dishonoured yesterday by our bank. Having received no communication from you at any time since the despatch of the goods covered by this draft, we must ask you for an immediate explanation. Meanwhile we are requesting our bank to re-present the draft.

Bills: (3) Letters to and from the bank (Seller—to his bank)

49. We enclose our sight draft: on Ajax & Co. Ltd. of Cape Town and attach bill of lading to evidence shipment, and other documents as listed below. Will you please deliver these documents to Ajax against payment of the draft, and credit our account no. 1 with the amount received.

50. Will you please forward the enclosed sight draft on Messrs.... to The Regal Banking Co. of Toronto, Canada, with instructions to surrender the attached documents on payment of our bill.

51. Kindly instruct your correspondent in Zurich to release the documents to the drawee only on settlement of our ;sight draft for £....

52. Please credit our no. 2 account with the proceeds after deducting your charge».

53. Please note that alt charges are for the account of the drawee.

54. Kindly advise us of the amount of your charges, for inclusion in our draft.

55. Please surrender the enclosed documents to our customer on acceptance of -the attached draft on him at 60 days for £750.

56. The invoice and documents covering a shipment of steel tubing for The Union construction Co., Bombay, are enclosed. Our draft for £972 on this firm, due at 3 months, is .also enclosed, and we ask you to present this for acceptance against surrender of documents and to collect the amount due at maturity.

57. Please present the bill for acceptance and then discount it at the current rate, for the credit of our account.

58. Our export trade in nylon tubes and piping is increasing rapidly and we are no longer able to finance this trade ourselves. Are you willing to advance us up to 70% of the value of our overseas orders on production of the invoice and bill of lading? Our drafts on our customers would be passed to you with the documents, of course. We should , appreciate details of your services and charges in connection with business of this type.

59. We enclose various acceptances as listed below. Kindly present them for payment at due date and credit the proceeds to our account.

60. We enclose a sight draft for $10,000 to your order on The Aluminium Fittings Corpor­ation of Pittsburgh. Please make the following payments to our various American creditors against this draft: . ..

61. Please give us details of your collection charges for drafts on European and South American import merchants.

(Seller—tо foreign bank)

62. Messrs. J. & A. Lotham of 53 High Street, Liverpool, have asked us to draw on you at 2 months for S. Fr. 50,200 in respect of a shipment of textiles as per invoice attached. Our daft for this amount is enclosed together with the shipping documents. Will you pleas* accept the draft and return it to us, at the same time sending the documents to Messrs Lotham.

63. Our agents in New York will shortly be sending you the shipping documents covering a consignment of books. Will you please release these documents to Messrs. ... against their payment of the attached sight draft on them for $3,000. Please hold the funds pending disposal instructions.

(Buyer—to his bank)

64. The following drafts will shortly be presented to you by foreign drawers. Please accept them on my behalf and meet them at maturity to the debit of my no. 2 account. Your charges are for the account of the drawers.

65. I enclose an accepted bill drawn on me by Fa. Antonio and should be glad to receive the documents covering the goods in question.

66. Please note that we have domiciled the following acceptances with you:

Will you kindly honour them at due date and advise us at time of payment.

67. Can you please make arrangements with a bank in West Berlin for the payment of our Eastern European suppliers’ drafts on us? Your advice on the necessary formalities would be appreciated.

Date: 2016-03-03; view: 892