I. Модуль профессионального общения Учебно-профессиональное общение Purchase and Sale Agreement
Complete the sentences using the words in the list below
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- 3.4. Fill in the missing words
- 3.5. Say whether these statements are true or false
| 3.3. Complete the sentences using the words in the list below:
defaulted; fulfil; risks; refused; foreign exchange; banned; reliable; bankrupt 1. The company could not pay the people who had supplied it with goods because it was … . 2. The man … to go away until he had seen the manager. 3. Before dealing with a buyer one should always make sure they are … . 4. The new government … all trade with several countries. 5. In all business there are … of losing money. 6. It took ten years for the government to … its economic plan. 7. All countries need … to pay for imports. 8. Several companies have … and are unable to pay their accounts. 3.4. Fill in the missing words: Consignment in international (1) t... is a variation of open (2) a... in which payment is sent to the exporter only after the goods have been sold by the foreign distributor to the end customer. An international consignment (3) t... is based on a contractual arrangement in which the foreign distributor receives, manages, and sells the goods for the (4) e... who retains title to the goods until they are sold. Clearly, exporting on consignment is very risky as the exporter is not guaranteed any (5) p... and its goods are in a foreign country in the hands of an independent distributor or agent. Consignment helps exporters become more competitive on the basis of better availability and faster (6) d... of goods. Selling on (7) c... can also help exporters reduce the direct costs of storing and managing inventory. The key to success in exporting on consignment is to partner with a reputable and trustworthy foreign (8) d... or a third-(9) p... logistics provider. Appropriate insurance should be in place to cover consigned goods in transit or in possession of a foreign distributor as well as to (10) m... the risk of non-payment. 3.5. Say whether these statements are true or false: 1. Only exporters face risks in international trade. 2. Importers can’t refuse to pay the agreed amount of money. 3. There is the risk for the importers that the goods will be delayed. 4. An appropriate payment method can minimize the payment risk. 5. There are two basic methods of payment for international transactions. 6. Cash-in-advance method of payment is used when there is complete trust between seller and buyer. 7. It’s not necessary to check the credit status of the buyers when Letters of Credit are used. Download 0.95 Mb. Share with your friends:
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