George: Shall we have a talk about terms of payment today?
Rosa :What about D/A for this transaction?
George : Sorry, it can't be done.
Rosa:Is D/P acceptable to you?
George:We require payment by L/C.
Rosa:We'll pay too much for a letter of credit arrangement.
George:We always require L/C for our exports.
Rosa:Is the credit at sight or after sight?
George:We'd like to use letter of credit at sight.
Rosa :Well , I agree. By the way, when do I have to open the letter of credit?
George:The L/C should reach us 7 days before the month of shipment.
Rosa :Well , everything is clear. I'll ask our legal department to draw up the contract for 400 bales of silk.
George: Fine. Let's sign it tomorrow.