I. Directions: Translate the following words, abbreviations or terminology into their target language respectively. (30’)

1. LTD：有限公司（Company limited）

2. CPI：居民消费价格指数 (Consumer Price Index)

3. R. S. V. P：请回复（法语 Répondez s’il vous plaît. =Reply, if you please.）

4. LSE

5. ATT(C)

6. VTR

7. SW

8. EECS

9. CAF

10. Alongside Delivery

11. Exchange Settlerment

12. Installment Payment

13.  Named Departure Point

14. Debit Note

15. Notice of Damage

16. 全损

17. 分批装船

18. 增值税：

19. 中等发达国家

20. 运费免付

21. 工商管理学学士

22.零售价格指数痛

23. 瑞士法郎

24. 聚酯纤维

25. 自由关税区

26. 转账凭单

27. 注销支票

28. 中国国际信托投资公司

29. 直送航铗

30. 账面赤字

II.  Directions: Translate the following two source texts into their target language respectively.

Source Text 1:

Letter of Credit

Payment is of great importance in international trade. The final result of business activities is to get the amount of money for goods supplied or services  rendered. Otherwise, all would be meaningless.

Among all the modes of payment (remittance, collection and letter of credit) letter of credit is the most widely used.

The letter of credit is a kind of bank credit instead of commercial credit like remittance or collection. It is a written document drawn to the exporter by the bank at the request of the importer. By means of letter of credit, both the seller and buyer are well proteeted. The exporter is assured of the payment when he dispatches the goods, while the buyer is assured of the title to the goods before he pays for them.

In payment by letter of credit, there are six parties concerned:

☆ The applicant: also called the opener, usually it is the importer

☆ The. opening bank.or the issuing bank •

☆ The advising bank or.the notifying bank

☆ The beneficiary: usually it is the exporter

☆ The negotiating bank

☆ The paying bank or the drawee bank ‘

There are many kinds of letter of credit among which doeumentary L/C is the most widely usfed in international trade. In documentary letter of credit operations, all parties concerned actually deal in documents, instead of goods. Therefore, banks must examine all the documents with great care to make sure that everything is in accordance with the terms and conditions of the credit.

As a seller, you should always have a clear understanding of your risks in concluding a contract of sale and requirements in relation to the worthiness of the buyer, the political, economical and legal situation in the buyer’s country and the buyer’s own liquidity. This helps you to decide what kind of documentary letter of credit you may require—revocable letter of credit, unconfirmed irrevocable letter of credit or confirmed irrevocable letter of credit. (328 words)

Source Text 2:

经济发展应与环境保护齐头并进。在解决环境问题时，不仅要考虑各国的眼前利益, 还要考虑全世界的长远利益。目前,应该首先解决发展中国家的水土流失，沙漠化,植被减少,以及永旱灾等环境污染和生态环境恶化的向题。这些问题的解决将不仅消除对发展中国家环境与发展的威胁,也对全球的环境保护和经济发展极为有利。中国在经济发展的过程中非常重视环境保护，并且把环境保护做为一项基本国策。

中国愿意承担与其发展水平相适应的责任和义务, 也愿意和包括亚洲各国在内的国际社会进行合作和交流,为改善全球生态环境,促迸入类社会文明作出积极的贡献。只要世界各国本着同舟共济的精神，务实合作，积极行动，就一定能在发展经济的同时保护好地球环境, 使之成为人类安居乐业的美好家园。(319 words)

 

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