Results 1 to 3 of 3
    • Member Info
      • Native Language:
      • Korean
      • Home Country:
      • South Korea
      • Current Location:
      • China

    • Join Date: Jan 2008
    • Posts: 1,628
    #1

    Explanation for the letter of credit terms

    We cannot accept 20% advance payment by T/T before mass production and 80% balance payment by Letter of Credit.

    We issued the Letters of Credit is irrevocable (i.e. cannot be amended or canceled without prior agreement with the beneficiary, the issuing bank and the confirming bank (if any)) and the terms is based on UPC 600 terms. The cargo receipt is request for the issuing bank endorses to confirm / proof the signature from the applicant. Is this explanation clear? Please review the details, and contact us again if there still any problem.
    Last edited by Zoe2008; 11-Jun-2008 at 15:30.


    • Join Date: May 2008
    • Posts: 80
    #2

    Re: Please correct my grammar

    How does this look? I'm not certain I understood the sentences in boldface.
    We regret that we are unable to accept your terms of 20% advance payment by T/T before mass production with 80% balance payment by letter of credit.

    The letters of credit we issued are irrevocable. They cannot be amended or canceled without prior agreement with the beneficiary, the issuing bank and the confirming bank (if any), and they are based on UPC 600 terms.

    The cargo receipt is requested by the issuing bank to confirm the signature of the applicant. Is this explanation clear? Please review the details, and contact us again if there are still any problems.


    • Join Date: Oct 2006
    • Posts: 19,434
    #3

    Re: Please correct my grammar

    Quote Originally Posted by Zoe2008 View Post
    We cannot accept 20% advance payment by T/T before mass production and 80% balance payment by Letter of Credit.

    We issued the Letters of Credit is irrevocable (i.e. cannot be amended or canceled without prior agreement with the beneficiary, the issuing bank and the confirming bank (if any)) and the terms is based on UPC 600 terms. The cargo receipt is request for the issuing bank endorses to confirm / proof the signature from the applicant. Is this explanation clear? Please review the details, and contact us again if there still any problem.
    We cannot accept 20% in advance from T/T before production with the 80% balance paid by Letter of Credit.

    The issued Letters of Credit are irrevocable and cannot be amended or cancelled without the agreement of beneficiary, the issuing bank and the confirming bank [if any]. The terms are based on UPC 600.

    The cargo receipt is required so that the issuing bank can endorse the applicant's signature.

    Is this explanation clear? Please review the details and contact us again if there are still any problems.

Similar Threads

  1. What is the correct grammar?
    By dragonwolf in forum Ask a Teacher
    Replies: 4
    Last Post: 17-Feb-2008, 07:15
  2. correct faults of vocabulary, grammar or orthography
    By mgc in forum CVs, Resumes and Applications
    Replies: 1
    Last Post: 16-Dec-2007, 09:18
  3. Is the grammar of this sentence correct?
    By albertage in forum Ask a Teacher
    Replies: 3
    Last Post: 27-Oct-2007, 08:23
  4. Correct Grammar
    By Anonymous in forum Ask a Teacher
    Replies: 2
    Last Post: 24-Sep-2004, 09:28
  5. correct grammar
    By Anonymous in forum Ask a Teacher
    Replies: 2
    Last Post: 11-Feb-2004, 23:45

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •