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�Ự��What about the Terms of Payment?
A1��Well, we've settled the question of price, quality and quantity. Now what about the terms of payment?
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B1��We only accept payment by irrevocable letter of credit payable against shipping documents.
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A2��I see. Could you make an exception and accept D/A or D/P?
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B2��I'm afraid not. We insist on a letter of credit.
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A3��To tell you frankly, a letter of credit would increase the cost of my import. When I open a letter of credit with a bank, I have to pay a deposit. That'll tie up my money and add to my cost.
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B3��Consult your bank and see if they will reduce the required deposit to a minimum.
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A4��Still, there will be bank charges in connection with the credit.
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B4��Well, Mr. Smith, you must be aware that an irrevocable letter of credit gives the exporter the additional protection of the banker's guarantee.
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A5��To meet you halfway, what do you say to 50&% by L/C and the balance by D/P?
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B5��I'm very sorry, Mr. Smith, but I'm afraid I can't promise you even that. As I've said, we require payment by L/C.
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