I. Модуль профессионального общения Учебно-профессиональное общение Purchase and Sale Agreement
Tell us about a success story that came out of one of your events
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- GLOSSARY Purchase and Sale Agreement
| Tell us about a success story that came out of one of your events.
We did an event recently in Cardiff, and we ran into a business there called ‘Jan’s Fruity Bouquets’. Now, in case you don’t know, in hospitals today you can’t take a bunch of flower in, ah sorry a bunch of flowers in for your relatives – don’t allow it any more. So, Jan came up with a new business where she would turn fruit into a bouquet, so hence ‘Fruity Bouquets’. And while she was at the Network Central exhibition or event, she sold £2,000 worth of her produce, the Fruity Bouquets, and subsequently has emailed me to say that she’s even done another couple of thousand pounds worth of business from follow-ups after the event and wants to know when we’re going to do the next one in Cardiff. GLOSSARY Purchase and Sale Agreement Read more: http://www.businessdictionary.com/definition.html ACCEPTANCE: the act of formally agreeing to buy or sell goods at a particular price or to use something in a particular way; an act of agreeing to pay a bill of exchange (= a written order to pay someone a particular amount of money) by writing your name on the document, or the document itself. BENEFICIARY: person or other legal entity for whose present or future interest (benefit) an annuity, assignment (such as a letter of credit), contract, insurance policy, judgment, promise, trust, will, etc., is made. BILL OF EXCHANGE: a written, unconditional order by one party (the drawer) to another (the drawee) to pay a certain sum, either immediately (a sight bill) or on a fixed date (a term bill), for payment of goods and/or services received. The drawee accepts the bill by signing it, thus converting it into a post-dated check and a binding contract. BILL OF LADING: a document issued by a carrier, or its agent, to the shipper as a contract of carriage of goods. It is also a receipt for cargo accepted for transportation, and must be presented for taking delivery at the destination. DOCUMENTARY BILL: in international trading, a bill of exchange or commercial draft that is presented for payment with the required documents such as a clean bill of lading, certificate of insurance, certificate of origin. Also called documentary draft. DRAWEE: entity that is expected to accept and pay a bill of exchange (check, draft, letter of credit, etc.) on presentation or on a certain date (called due date or maturity date). DRAWER: maker or writer of a bill of exchange (check, draft, letter of credit, etc.) who directs the drawee (such as a bank) to pay the stated amount to a third party (the payee). In documentary credit, the drawer is the beneficiary of a letter of credit. Also called writer. INVOICE: a nonnegotiable commercial instrument issued by a seller to a buyer. It identifies both the trading parties and lists, describes, and quantifies the items sold, shows the date of shipment and mode of transport, prices and discounts (if any), and delivery and payment terms. In certain cases (especially when it is signed by the seller or seller's agent), an invoice serves as a demand for payment and becomes a document of title when paid in full. Types of invoice include commercial invoice, consular invoice, customs invoice, and pro forma invoice. Also called a bill of sale or contract of sale. LETTER OF CREDIT (confirmed/documentary/irrevocable L/C): a written commitment to pay, by a buyer's or importer's bank (called the issuing bank) to the seller's or exporter's bank (called the accepting bank, negotiating bank, or paying bank). A letter of credit guarantees payment of a specified sum in a specified currency, provided the seller meets precisely-defined conditions and submits the prescribed documents within a fixed timeframe. These documents almost always include a clean bill of lading or air waybill, commercial invoice, and certificate of origin. To establish a letter of credit in favor of the seller or exporter (called the beneficiary) the buyer (called the applicant or account party) either pays the specified sum (plus service charges) up front to the issuing bank, or negotiates credit. OFFER: an offer is 1) a conditional proposal made by a buyer or seller to buy or sell an asset, which becomes legally enforceable if accepted, 2) the act of offering something for sale, 3) a bid or offer to buy something. Download 0.95 Mb. Share with your friends:
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