[speaker001:] Well, we've settled the problems of price, quality and quantity. What mode of payment do you wish to employ?
[speaker002:] Irrevocable letter of credit, of course. It's the normal terms of payment in international business.
[speaker001:] Could you adopt D A or D P? You see I have to pay a deposit when I open a letter of credit. That will tie up my funds and add to the cost of my imports, especially for such a huge order.
[speaker002:] You might consult your bank and see if you could reduce the required deposit to a minimum.
[speaker001:] Anyhow, there would be certain bank charges. We've done business for years and you should have some faith in our credit. It would help me greatly, if you could accept D A or D P. It makes no difference to you, but it does to me.
[speaker002:] Well. As you understand, the irrevocable L C gives the exports additional protection of the banker 's guarantee. We always ask for L C for our exports, and the other way around C for our imports. We only accept L C for regular orders.