| 1.
| … is a banker’s cheque which the bank draws on itself and sells to the customer.
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| 2.
| …is the postal cheque system.
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| 3.
| … is used for transactions relating to goods, services and capital, whereas … relate mainly to transactions involving goods.
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| 4.
| A … bill is one that is not paid on the due date.
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| 5.
| A … is a promise made by the drawer to pay a certain sum of money to or to the order of the … of the bill on a specified date.
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| 6.
| A … must be met before or on the due date, i.e. honoured at ….
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| 7.
| A discount of 2% shall … automatically if payment is effected within the stipulated 30 days and a … will be issued.
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| 8.
| An advantage for the exporter of payment by bill is that the draft can be …
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| 9.
| Bills can be … if the drawer endorses the bill.
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| 10.
| If telegraphed, the transfer is known as a …, and if mailed it is known as a ….
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| 11.
| If the account has not been settled by November 20 we will make a ….
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| 12.
| In accordance with the terms of payment we … on you at 30 days … for the amount of the enclosed invoice.
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| 13.
| Our bank returned the above bill … yesterday.
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| 14.
| The advantage for the importer is that he is given a credit, provided the bill is not a ….
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| 15.
| The deposition of a bill by a drawee with a bank for payment when due is called ….
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| 16.
| The draft is drawn by the … on the …, who is to pay or accept it.
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| 1.
| Clean payment is used … transactions relating … goods, services and capital and provides … the following methods … payment.
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| 2.
| The International Giro form is obtained … any Post Office, filled … and handed … the Post Office.
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| 3.
| The bank fills … the IMO … the customer and … a small charge hands the IMO … … the Buyer.
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| 4.
| IMOs can be cashed or credited … the recipient’s account.
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| 5.
| International Banker’s Draft is a banker’s cheque which a bank draws … itself and sells … the customer.
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| 6.
| Further … our conversation we confirm that the below terms … payment will apply … the contract.
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| 7.
| The cost of the goods shall be settled … IMO … shipping documents.
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| 8.
| Payment shall be … bank transfer … 30 days … receipt … the commercial invoice.
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| 9.
| … view … the above we would like to remind you … your obligations connected … the opening … the LC.
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| 10.
| Cost … storage will be charged … your account.
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| 11.
| The bill of exchange is drawn … the drawer … the drawee who is to meet it … the due date, i.e. to honour … maturity.
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| 12.
| When a drawee deposits a bill … the bank the bill is domiciled … the bank.
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| 13.
| If the documents are to be surrendered only … payment – payment … sight, the documentary bill is known as a D/P bill or a sight draft.
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| 14.
| On August 11th 20__ pay … this Bill of Exchange … the order … Bank … Foreign Economic Affairs … Russia, Moscow, the sum … $100,000.00.
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| 15.
| … accordance … the terms … payment we have drawn … you … 30 days’ sight … the amount … the enclosed invoice. The documents will be released … acceptance.
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| 16.
| Please note that the bill … exchange was not met … you … the due date. We insist … your immediate explanation.
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| 17.
| Drafts representing ten installments are to be drawn … the Buyers … payment … the Moscow Export bank.
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| 18.
| Our export orders are usually transacted … documents … payment (D/P) terms … Bill … Exchange.
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| 19.
| The drafts are to be drawn … 3 months … interest … 5% per annum.
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| 20.
| We hereby undertake to accept and pay all the drafts regularly drawn … us … this credit.
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| 21.
| We enclose a Bill … Exchange drawn … Klups & Co. … 5% … $5,000.00 … 60 days.
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| 22.
| We instructed our bank to credit your account … High Stock Bank, Moscow, … $4,000.00.
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| 23.
| All the drafts drawn … you … 3 months should be cashed … maturity.
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| 24.
| The draft has been made … … payment 30 days … sight and the documents will be handed … you … acceptance.
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