When cross-border e-commerce manufacturers and merchants, merchants and buyers negotiate about payment issues, both parties usually need to use some professional and authentic expressions. The following list of some common business English sentence patterns shows the expressions that may be used in the negotiation process from the aspects of payment time, payment method, payment conditions, and refusal to pay. Correct and standardized expressions can help learners better express their attitudes and intentions, and also help to succeed in negotiations.
1.Payment is to be effected (made) before next Friday; we cannot accept payment on deferred terms. Payment should be made before next Friday, and we do not accept deferred payment.
2.Please protect our draft on presentation, / Our draft will be honored on presentation. Please pay on sight.
Pay on sight means that the payee should pay when “seeing the bill”, that is, the time when the holder presents the bill to the payee (seeing the bill) is regarded as the due date, and the payee shall pay immediately.
3.Our draft No. 13 was dishonored as they were unable to meet it.
4.Regarding payment, we have already agreed to use US dollar/remitted the amount by cheque.
5.You should pay us the bank interest if the payment is wrongly refused.
6.This equipment will be paid in installments with the commodities produced by our factory; we do not accept any other terms of payment.
7.We have drawn a clean bill on you for the value of this sample shipment and it has been handed to the bank on clean collection.
A clean bill is a bill of exchange that is not accompanied by any commercial documents (such as freight and other related documents). Clean bills are generally used for debt repayment, donations, relief, and overseas study expenses.
Clean bill collection means that since the signature and seal of a clean bill may not be authenticated, it must be sent to a foreign collection bank before the bill payment can be received. Therefore, many banks’ foreign exchange departments can now handle the “clean bill collection” business, that is, entrusted by customers, they will send financial documents such as bills of exchange, checks, promissory notes or payment receipts to a foreign collection bank at the payment location and collect the bill payment from the payee.
8.We are sending our draft through Bank of China for. We will hand the bill of exchange to Bank of China for documentary collection.
Documentary collection refers to a collection settlement method in which the exporter, after preparing the goods for shipment according to the contract, signs the documentary bill of exchange or the shipping documents without the bill of exchange to the collection bank and entrusts it to collect the payment on its behalf.
9.We will draw a sight bill in favour of the Export Bank Singapore. We will draw a sight bill in favour of the Export Bank Singapore.