Model Letter 6 (PAYMENT & LETTER OF CREDIT)

6. PAYMENT & LETTER OF CREDIT ※Model Letters의 요약※ A.단순송금 및 대금청산 관계 1.Please favor us with you remittance for∼. /check /money order 2.Your account is now ∼ month overdue. 3.Please credit us for that amount. 4.Please acknowledge receipt of remittance. 5.We are enclosing a draft on ∼ bank for∼. 6.We are in receipt of your letter of ∼ enclosing a check for∼. /acknowledge /have received 7.Enclosed please find our check for ∼in settlement of∼. /is a bank draft /payment /you will find money order 8.We shall make a collection for ∼to ∼bank in settlement of the same. 9.We send you a debit note of ∼ for overdue balance. 10.As per our statement of account, you owe us ∼ as of the end of last month, settlement of which shall be much appreciated. B. 무역회사간의 신용장 관계 1.We wish to inform you that we have opened a letter /take pleasure /established /arranged of credit No. 1234 in your favor for U.S. $ ∼ through ABC Bank. 2.Please open a letter of credit (or an L/C) in favor of /establish /in one's favor /issue /furnish /arrange ∼for U.S. $ ∼. 3.We have instructed our banker to open an L/C in your favor for U.S. $ ∼ covering our order No. 4321 dated∼. 4.Please extend your L/C No. 3579 until the end of December. 5.We have been advised by our banker of your credit No. 2468 but as the unit price is stated incorrectly please amend it according to the original contract. 6.As the letter of credit we opened today in your favor expires in just one month, please do not fail to ship in time. 7.We have opened an L/C in favor of your head office and are enclosing a copy of the application for your reference. 8.We have requested the Chase Manhattan Bank to open an irrevocable Letter of Credit in your favor yesterday and you may expect the said L/C in 10 days. 9.We have opened a credit covering our order No. 9876 for the amount of $50,000.00. 10.The letter of credit to cover your order No. XYZ dated March 10 has yet to be received and we are anxiously awaiting your advice on this matter. 11.We wish to inform tou that we have received a cable advice from our New York branch that CMB has opened a documentary credit for an amount of U.S. $12,000.00 in your favor covering 1,000 doz. boy's sweater. 12.We have just been informed by the Hanil Bank that they have received an irrevocable letter of credit opened by you to cover your order No. 30067. 13.We would like to confirm‎ our cable of yesterday advising you that an irrevocable L/C has been opened through the Seoul Bank for the value of U.S. $3,525.00 to cover our order No. 1307. 14.We regret to inform you that we shall not be able to ship your order No. 3239 under your credit KS 1567 within the stipulated date due to the strike at our factory and ask you to extend the credit for one month. 15.Due to the unexpected strike of stevedores at Pusan port, no export cargos can be cleared out and consequently your order under L/C No. 2027 will be delayed for the duration of the strike. 16.In connection with the L/C No. 4847 which you opened in our favor for shipment of Nylon Taffeta, we request you to delete the clause "American flag ship" in regard to the Bill of Landing. 17.We thank you for the L/C, which we have just received through the Choheung Bank. 18.Please be so kind as to amend the credit once more until the 15th of May by which time we shall not fail to ship your whole order. 19.This is to confirm‎ our cable of October 4, in which we informed you of our credit increase by $5,000.00, making the total amount to $40,000.00. 20.In compliance with your letter of June 16, we have requested our banker, the Commercial Bank of Korea, to open an irrevocable letter of credit in your favor for $50,000.00. 21.We are pleased to confirm‎ your cable of the 18th September, informing us of our L/C No. 7976 covering your order of cotton yarns. 22.We have received with thanks your letter of credit ST 6072 to cover our sales No. KT 4286. 23.We regret to inform you that the sailing of s.s. "Sejong" scheduled to leave for NY. on the 5th of this month has been postponed indefinitely due to the fuel shortage and consequently you are requested to extend the relative credit for at least one month. 24.We acknowledge the receipt of your credit No. 2480 covering our sales No. 18 for which we have been so anxiously waiting. 25.We have asked our client to open an L/C for $6,750.00 through their bank directly to you and you should receive the relative credit within a fortnight through their correspondent bank in Seoul. C. 은행간에 이용되는 신용장 관계 1.We open an irrevocable letter of credit No. ∼in favor of (beneficiary) for account of (applicant) up to the aggregate amount of U.S. Dollers ∼ available by the beneficiary's drafts at 90 days sight for full invoice value accompanied by the following documents. 2.We hereby open our irrevocable and clean letter of credit No. ∼ by order and for account of ABC Seoul in your favor an aggregate amount not exceeding U.S. Dollers ∼as a security for your opening documentary credit for account of ABC America N.Y. in favor of ABC Seoul for U.S. Dollers ∼ covering shipment of acrylic sweaters to the United States from Korea. 3.At the request of Messrs. ABC Co. we hereby agree to issue this irrevocable letter of credit No. ∼up to an aggregate amount of U.S. Dollers ∼in your favor of account of ABC Co. 4.We hereby open our irrevocable stand -by credit No. ∼ in your favor for account of ABC Co., Seoul up to the aggregate amount not exceeding U.S. Dollers ∼available by your drafts at sight on ourselves accompanied by your signed statement that ABC(America) has failed to repay on time your loan and interest made on the strength of this credit. 5.You are kindly requested to pay us the below-listed acceptance commissions incurred in connection with your import letter of credit No. ∼. 6.The following charges are due from you in connection with our amending your import letter of credit No.∼ and you are kindly requested to pay us the charges as soon as possible. 7.We have negotiated a draft at sight for U.S. Dollers ∼ drawn under the letter of credit No. ∼ and forwarded the beneficiary's draft to you for our reimbursement according to L/C terms. 8.We have negotiated a draft at 90 days sight for U.S. Dollers ∼ drawn under L/C No. ∼and forwarded one set of the relative shipping documents to the Bank of ∼ while dispatching the beneficiary's drafts and the remaining documents to you. 9.We have forwarded all the documents negotiated and executed under your L/C, together with our letter of June 15, 19- requesting you to remit the proceeds to our account with ∼ bank. 10.We have negotiated a 180 days sight draft for U.S. Dollars∼ under the L/C No. ∼, which stipulates that the original drfts and documents be airmailed to the opening bank and the negotiating bank should draw their own sight draft on you at maturity of reimbursement.