Ex. 2. Fill in the blanks with missing words given below
1. She was on a special diet which ... dairy products. 2. His bankruptcy was the result of several risky business ... 3. America’s chemical exports are to ... imports this year. 4. What are your terms of payment? - You’ll pay ... on delivery, if it suits you. - Yes, this method of payment is quite ... to us. 5. Students get a 15% ... on some night club tickets. 6. In our factory the General Manager ... to spend up to $ 1.000 a month on social programmes. 7. According to the law, working hours must not ... 42 hours a week. 8. Although I didn’t really like him, I ... his invitation. 9. We have ... a list of people to invite to the party. 10. Accepting the bill of exchange the ... can add the name of the bank which he wishes to pay the bill.
acceptable, excluded, authorizes, drawn up, ventures, drawer, exceed, cash, discount, accepted.
Ex. 3. Choose the required expression and translate the sentences.
1. Some companies hold (specified, acceptable, exclusive) rights for distributing specifiedproducts. 2. A retailer buys his goods at a (cost price, specified price, discount) from a wholesaler and sells them at a retail price to make a (loss, tax, profit). 3. When an individual or a company borrows money from a bank, the loan must be paid back (immediately, by a specified date, never). 4. Many workers gladly (refuse, accept, take) the opportunity to work overtime if the foreman asks them. 5. He was so proud of his firm’s (ventures, presentation, achievements) that he talked about them to everyone he met. 6. If you pay within seven days in cash, you will be (offered, authorized, honoured) a discount of 5%. 7. A joint Russian-American (enterprise, corporation, venture) «Tour East» was set up to take care of the travellers coming to Russia from the USA. 8. If you wish to borrow a large sum from your bank, the branch manager may require (discount, deed, authorization) from his Head Office. 9. For long-standing customers we (allow, present, accept) a special rate of discount which is much higher than the normal rate. 10. If you want (exclusive, cheap, acceptable) products, you can buy them at the discount supermarket.
Ex. 4. Documentation.
Link the forms and documents in the lefthand column with their definitions in the right- hand column. Pay attention to the translation of the following terms: Bill of Exchange - переводной вексель; Letter of credit - аккредитив; Bill of Lading - коносaмент, накладная; Airwaybill - транспортная накладная; Sight Bill - вексель, подлежащий оплате при предъявлении; title deed - документ, устанавливающий или подтверждающий право на что-либо.
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1. Airwaybill a. this has 3 functions: it is a contract between the
shipping company and the exporter; a receipt;
a title deed.
2. Bill of Exchange b. an invoice certified as accurate by the consul of
the exporting company.
3. Bill of Lading c. proof of which country goods originate from.
4. Certificate of Origin d. a form granting permission to import certain
goods.
5. Consular invoice e. an order requiring the person to whom it is
addressed to pay money to someone else.
6. Customs declaration form f. letter from a bank authorizing the payment of
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a sum of money to the person named in the
letter
7. Delivery note g. this form shows what goods are being delivered
to the buyer; it is also the seller’s receipt.
8. Import licence h. a bill of formal request.
9. Invoice (commercial invoice) i. a monthly account showing all transactions
between a buyer and a seller.
10. Letter of credit j. formal request for goods.
11. Order k. contract between an airline and an exporter.
12. Statement l. form declaring the value of imported goods for
taxation purposes.
Ex. 5. Find Grammar mistakes if any and correct them.
1. What is the new store sell? - It sells exclusive designer clothes. 2. I thinks nobody will not put his money in a venture like yours. 3. These excess of losses over profits will ruin the business. 4. Miss Trend phoned the personnel department to confirm his acceptance of the post. 5. They are ready to lose money on this venture in order to succeed in future. 6. I accepted her suggestion and agreed see the doctor that evening. 7. Who were responsible for drawing of the contract? 8. The book-keeping department draw up monthly, quarterly and annual reports on how well the enterprise has fulfil his plans. 9. In order to compete in difficult foreign markets, many companies prefer joint ventures with a local partners to take advantage of their knowledge and skills in the domestic market. 10. What the discounts do the railway allows for passengers travelling with children under 17?
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