IV. Listen, read and translate the text

CHAPTER 7. CONTRACTS AND AGREEMENTS

KEY VOCABULATY

I. Remember the correct pronunciation of these words

transaction [træn'zæk∫ən]

hereinafter [hɪərɪn'a:ftə] receipt [rɪ'si:t]

irrevocable [ɪ'revəkəbl]

divisible [dɪ'vɪzəbl]

certificate [sə'tɪfɪkɪt]

renegotiate [̗ rɪnɪ'gәu∫ɪeɪt]

Baltic [`bɔltɪk]

II. Learn the following English terms and their Russian equivalents. Give your sentences with them

hereinafter – ниже, в дальнейшем именуемый

hereby – этим, настоящим (в документах)

at one's option – по чьему-либо усмотрению

irrevocable Letter of Credit – безотзывный аккредитив

divisible L/C – делимый аккредитив

to be valid – действовать, быть действительным

Bill of Lading – коносамент, транспортная накладная

invoice – счет-фактура.

receipt of the Seller's notification – получение извещения продавца

full value of the goods – полная стоимость товара

III. Read the following verbs and pay attention to the prepositions used after them

to draw up (a contract)	do open … with a bank
to refer to …	to set up ….
to agree as follows

TEXT

IV. Listen, read and translate the text

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