We have opened an irrevocable and confirmed L/C _______ Bank of China.

A. in
B. by
C. with
D. for

Your L/C No. 253 is to be established _________ the amount of HK$50,000,

A. for
B. with
C. at
D. on

We hereby undertake to ________ all drafts drawn in accordance with the terms of the above credit.

A. honour
B. pay
C. refund
D. credit

The payment method for this particular transaction is confirmed, irrevocable L/C by seller’s documentary draft at sight________ for negotiation in China until 15 days after date of shipment.

A. used
B. presented
C. valid
D. collected

The L/C must reach the sellers 30 days before the contracted date of _______.

A. payment
B. shipment
C. arrival
D. transportation

In the case of payment by L/C, both the exporter and the importer count on __________ credit

A. business
B. commercial
C. bank
D. company

I.Fill in the blanks with proper positions.1. We have carefully studied your proposal of paying ____letter of credit ___30 days’ sight.2.We have made arrangements ____Bank of China, London, to open a credit ___your favor.3.. We regret that we cannot comply ___your request ____payment ___D/A.4.We have recently concluded ___an exporter in Canada a transaction of STG 5,000 ___the terms of D/P ______60 days’ sight.5. We are sorry that your proposal ____payment mode is unacceptable because it is ___our usual practice.

II.Write out the word with the first letter given in each blank space.1.For this shipment, we will d___ on you at 30 days’ sight but this cannot be taken as a p____for the future shipments.2.We regret that we cannot accept “Cash against d______ on arrival of goods at d__________.3.With r_____to payment terms, you suggest that we draw on you at 60 days’ sight for the amount of our i_____.4.Although we appreciate your intention and s_______, we regret being unable to c______with your request for payment on D/A at 60 days’ sight.5.We shall first r_____to you by T/T 60% of the guarantee d_________when goods are loaded on board the ship.

Match the following English phrases with the Chinese versions afterwards:

Match the following Chinese with the English versions