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Exercise 4. Read Christine Calvet’s letter straight through twice. Then read these three summaries. Which of the summaries gives the essential information in the letter? Tick the correct variant ( √ ).
a. Star-Line’s account is overdue. Essil d’Or has continued to fulfill orders because StarLine’s a good customer. But now Essil d’Or won’t meet any more orders until the outstanding sums have been settled. ( )
b.Essil d’Or encloses an up-to-date statement of account. Some items are long overdue.
Essil d’or will withdraw credit facilities, unless Star-Line settles the account in full within the next 14 days. ( )
c.Essil d’Or will not meet any more orders until Star-Line has settled the account in full. ( )
d. If Star-Line does not pay within 14 days, Essil d’Or will withdraw credit facilities. ( )
Exercise 5. Find the definition (a-j) for each expression (1-10). Give Russian equivalents.
1) |
subsequent |
a) late, not paid on time |
2) |
due |
b) tell, inform, warn |
3) |
overdue |
c) conditions |
4) |
items |
d) not yet paid |
5) |
terms |
e) considering, taking into account |
6) |
in full |
f) later, following |
7) |
in view of |
g) remove, take back |
8) |
outstanding |
h) expected now, owed |
9) |
advise |
i) things sold |
10) withdraw |
j) completely |
|
Exercise 6. Look through Star-Line’s statement of account. Then answer these questions.
STATEMENT OF ACCOUNT
Please quote your account number on orders, payments, and correspondence.
Account No. |
This statement does not include invoices |
|
||
S 124209 |
issued or payments received after 28/3/19.. |
|
||
Date |
Reference |
Debit |
Credit |
Balance |
7/11/19.. |
Invoice P4527 |
475 192 |
|
475192 |
28/12/19.. |
Payment |
|
368249 |
106943 |
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4/1/19.. |
Invoice KO173 |
479198 |
|
586141 |
18/1/19.. |
Invoice K 5420 |
484 768 |
|
1070909 |
7/2/19.. |
Payment |
|
363712 |
687179 |
16/2/19.. |
Payment |
|
365859 |
321338 |
21/2/19.. |
Invoice P6004 |
468200 |
|
789538 |
6/3/19.. |
Payment |
|
380709 |
404830 |
13/3/19.. |
Invoice R7115 |
490390 |
|
895220 |
|
|
|
Amount Due |
F 895220 |
What is Star-Line’s account number ? |
S 124209 |
|
||
How much was invoice KO173 ? |
|
F 479198 |
|
|
a)What was the balance on 16 February ? _____________________________________
b)What was the date of invoice P6004 ? ______________________________________
c)How much did Star-Line pay on 28 December ? ______________________________
d)Which invoice was dated 18 January ? _____________________________________
e)How much was debited from the account on 21 February ? ______________________
f)What is the amount due now ? ____________________________________________
Revision of the file
Exercsie 1. Give English equivalents and use them in the sentences of your own.
Товарооборот, валовая прибыль, чистая прибыль, административные расходы, резерв для уплаты налога, основные средства, оборотные средства, текущие обязательства, приращение задолженности, долгосрочные обязательства, чистые активы, основные фонды, отдавать преимущество, сырьё, отчёт о состоянии счетов на данный момент, неоплаченный счёт, просроченный платёж, условия открытого счета, выполнять заказы, аннулировать кредит.
Exercise 2. Give the summary of the file.
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Glossary
Make sure that you know these words. Find their Russian equivalents.
to go out of business – to stop doing business to reduce the balance – to make the debt less
to get smth straight – to understand smth correctly
money transfer – movement of money from one account to another to reach an understanding – to reach an agreement
to clear the balance – pay the debt in full
to charge interest on – to ask to pay money for the use of money extension – prolongation of payment period
letter of credit – a written promise by an importer’s bank to pay the exporter’s bank on a particular date or at a particular time after the goods are sent by the exporter
to meet orders – to fulfill orders
Star-Line Nigeria’s debts to Essil d’Or, the Parisian Jewellery House, rise by $133606 in three months. When Essil stop supplying, managing Director, Johnson Odusanya, catches the next plane to Paris.
Θ Johnson Odusanya flies to Paris to meet his supplies, Essil d’Or. He needs new stock urgently. He also wants to see their spring collection. He is shown into Christine Calvet’s office.
Exercise 1. Read the conversation and fill in the gaps with one of the word below.
bring busy else |
fine |
had hear |
hoping see serious |
sure |
take |
|
|
|
|
|
|
Secretary: Madam Calvet can see you now.
Odusanya: Thank you (enters). Hello Christine. How are you?
Calvet: Johnson, come in! (They shake hands)
Secretary: Shall I bring (a) coffee, Madame?
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Calvet: Would you like some coffee, Johnson? Or would you prefer something ....... (b)?
Odusanya: No, coffee’s ...... (c)
Calvet: Two coffees please, Brigitte. Secretary: Oui, tout de suite. Calvet: So, how are you Johnson?
Odusanya: I’m very well. Calvet: Where’s May?
Odusanya: She couldn’t make it this time. One of the kids is down with flu. Calvet: I am sorry to ... (d) that.
Odusanya: Oh, it’s not ...(e). And how are you, Christine?
Calvet: ...(f). Our spring collection is out.
Odusanya: I know. I’m ...(g) to see it.
Calvet: When we’ve ...(h) coffee, I’ll ... (i) you down to the showroom. I think you’ll like it. Odusanya: I’m ... (j) I will.
Θ Now listen to the recorded conversation and do the exercise which follows it.
Exercise 2. Find an expression in the conversation that means the same as the words in italics.
I’d like to talk to the manager. |
......... see......... |
|
a) |
Please knock before you enter |
...................... |
b) |
I can’t come next week. |
........................ |
c) |
He’s in bed with a cold. |
........................ |
d) |
Our new price list is available now.......................... |
|
e) |
I like coffee better. |
........................... |
Θ Christine Calvet shows Johnson Odusanya around Essil d’Or’s spring collection.
Read the conversation.
Odusanya: It’s a fine collection. I congratulate you, Christine.
Calvet: Thank you.
Odusanya: You realise, of course, that I didn’ come to Paris just to look. I also came to buy. My company needs new stock.
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Calvet: I’d like to help you, Johnson, but I made our position clear in my letter. Odusanya: Christine, I don’t think you realise how serious Star-Line’s position is. We can’t survive if we have nothing to sell.
Calvet: Can’t you buy stock locally?
Odusanya: Of course, but our customers come to us because we have the latest Paris fashions. They can get local jewellery anywhere. If they stop coming to us, well ... we will go out of business. I think it’s in your interest to prevent that.
Calvet: Of course we don’t want you to go out of business! But you must see that we can’t go on supplying goods that don’t get paid for.
Odusanya: Christine, Star-Line has substantial cash reserves, and as soon as we receive the necessary foreign exchange, you will be paid in full. Our only problem is that we need new stock ... now.
Calvet: Johnson, you seem to forget that you owe us nearly a million francs. And frankly, we are not prepared to do anything until the balance on your account is reduced. Odusanya: Let me get this straight. You want the balance reduced.
Calvet: Yes.
Odusanya: Not cleared.
Calvet: No-o.
Odusanya: Well, I can offer you part payment on account. Calvet: How much did you have in mind?
Odusanya: I have about $65000 in my external account. I can arrange a transfer today. Calvet: In that case, we might be able to reach an understanding .
Θ Now listen to this part of the recorded conversation.
Exercise 3. Listen to the rest of the recorded conversation between Odusanya and Calvet. Which of these solutions does Madame Calvet propose? Tick the statements (√ )
Essil will meet Star-Line’s future orders. (√ )
a. |
Essil will supply on receipt of a confirmed letter of credit only. |
( |
) |
b. |
Star-Line will clear the outstanding balance in 30 days. |
( |
) |
c.Essil will accept gold produced in Nigeria in settlement of the outstanding balance. ( )
d.Essil will charge interest at 2% per month on the outstanding balance, until it is paid.()