- •The layout and parts of a business letter
- •The date
- •The inside address
- •The opening salutation
- •The subject heading
- •The opening paragraph
- •We are sorry to have to remind you …
- •We are surprised to learn that …
- •The body of the letter
- •The closing paragraph
- •We look forward to trading with you Із зацікавленістю очікуємо розвитку
- •The complimentary closing
- •The signature
- •Enclosures and postcripts
- •Have a look at the letter paying attention to it structure? translate it into Ukrainian.
- •3. The final letter in this section shows some further features of a business letter.
- •Private and
- •I am sorry to see that, despite several reminders, you have not
- •Courtesy
- •Read this letter from a computer company to a company trainer, and fill in the blanks with the correct verb taken from the list below.
- •Complete the following letter of enquiry with the correct prepositions.
- •3. Translate the letter into English.
- •Now read this memo from Gerd Busch ag to his secretaly. Use the information to write a letter of reply to Anne croft from the secretary, on Mr Busch’s behalf.
- •Telexes
- •Here are Some
- •International Telex Abbreviations which may be useful to remember:
- •Specimen telexes
- •Telegrams (cables)
- •“Pls advise soonest delivery date rgds petrov”
- •Specimen cables jonso london
- •Telecopies /facsimiles/
- •Forms of business activities
- •1.Lern the vocabulary on the theme
- •The management has/have decided Керівництво вирішило to expand the company. Розширити компанію.
- •The guest-house is keeping у цю пору року у готелі a skeleton staff at this time of the year. Мінімальний штат робітників.
- •2. Read the text paying special attention to new words and set phrases.
- •Sole Proprietorship (англ.). Individual Proprietorship (ам.)
- •Unlimited Partnership (англ.). General Partnership (ам.). Повне товариство
- •Limited Partnership (англ. Ам.). Командитне товариство (Товариство з обмеженою відповідальністю).
- •Master Limited Partnership. Акціонерно-командитне тлвариство.
- •Private Limited Company (англ.). Close Corporation (ам.). Акціонерна компанія з обмеженою відповідальністю. Закрита акціонерна компанія. (Товариство з обмеженою відповідальністю закритого типу.
- •Public Limited Company (англ.). Corporation (ам.) Відкрита акціонерна компанія. (Акціонерне товариство відкритого типу).
- •Answer the following questions:
- •4. Give English equivalents to words and word-combinations. Make up your own sentences using them.
- •5. Choose the correct answer. A partner is…
- •A sole / individual proprietor is …
- •6. Fill in the blanks where necessary.
- •Part II
- •Learn the words and word combinations.
- •Read the texts paying special attention to new words and word-combinations:
- •Give English equivalents to words and word-combinations. Make up your own sentences usinf them.
- •Choose the correct answer: a joint-venture is…
- •A merger is …
- •A consolidation is…
- •Fill in the blanks where necessary.
- •Translate the following special phrases as accurately as you can into English. In case you cannot give an exact translation give an explanatory one.
- •Contract types of contract
- •Types of contracts
- •Valid, unenforceable, voidable and void contracts
- •The elements of a contract
- •A contract контракту
- •Implementation of contract
- •Infringement of contract, breach of contract порушення контракту
- •Зразок повного контракту agreement
- •Recitals
- •Загальні положення
- •3. Translate the contract into Ukrainian
- •4. Translate the extracts of the contract into Ukrainian using topical vocabulary contract
- •Subject of the Contract
- •Prices and Total Value
- •Terms of Payment
- •Time of Delivery
- •Sanctions
- •Guarantee
- •Force Majeure
- •Arbitration
- •Tasks for individual work
- •1. Write a letter using phrases given below.
- •1 Repondez s’il vous plait – прохоння прислати відповідь
- •2. Read and translate the text. Be ready to answer the new words and word combinations. Discuss the text with the teacher.
- •Implications
- •Appendix Переклад основних скорочень у мові торгівлі Acronyms Used in International Trade
Public Limited Company (англ.). Corporation (ам.) Відкрита акціонерна компанія. (Акціонерне товариство відкритого типу).
Public limited company is the main legal form of large firms. A public limited company is a union of investors called shareholders. It carries out business activities on the basis of the Articles of Association and is to be registered under the Companies Act. Any legal person or an individual can be a founder of the company. The shareholders are not liable by the company’s obligations. The public limited company is the most stable kind of unification of capitals as the resignation of any of its investors does not involve the liquidation of the company. The investor has a right to sell his shares without consent of other shareholders.
The initial share capital is formed by way of selling shares. During that period the initial share capital is the only source of financing of its activities. The means obtained from the sale of shares are used for the purchase of plots of land, industrial premises and offices, equipment, basic commodities (raw materials) to launch manufacturing activities. Therefore the company receives an income and also can be financed by way of issuing debentures and securing bank loans.
Thus a number of advantages make a public limited company the most effective means of concentration and centralization of capital goods and capital. The shareholders can return their capital only by way of selling shares at the price currently quoted on the stock exchange.
The shareholders have property and personal rights. Property rights are realized in case of liquidation of a company and in case of getting dividends. Personal rights mean the right to vote; normally a share gives a right for one vote. The decisions are to be taken by a large majority, hence the person or a legal person holding the majority interest is the one who makes resolutions. Public limited companies’ names must have the abbreviation ‘plc’ in their name.
Answer the following questions:
What is a sole proprietorship?
Must the name of the sole proprietors be indicated in the name of the firm?
Are people hired to work in the sole proprietorships considered to be proprietors?
In what cases can the books of the sole proprietorships be made public?
Why is it not possible to get true information of the activities of the sole proprietorships?
In which spheres of business do sole proprietorships normally work?
What is the main feature of an unlimited partnership?
In what way is the profit obtained distributed in the unlimited partnership?
In what case can the unlimited partnership be disbanded?
What is a limited partnership?
How many people does it take to form a limited partnership?
What are the peculiarities of the name of the limited partnership firm?
Why do master limited partnerships bear the features both of the limited partnership and a joint-stock company?
What is the advantage of a master limited partnership?
Which feature is attractive for investors in master limited partnership?
What is a private limited company?
What kind of abbreviation must private limited companies have in their names?
How is the equity capital of the private limited companies formed?
What factor provides for the close character of the private limited companies?
What are the circumstances limiting financial rights and production opportunities of the private limited companies?
What is the public limited company?
Who can be the founder of the public limited company?
Are the shareholders liable by the company’s obligations?
Does the investor to the public limited company need to get a special permit to sell his shares?
What is the role of the initial capital for the public limited company?
What is the additional way of financing businesses for the publicly held company?
What factors make the public limited company the best form of concentration and centralization of capital goods and capital?
How can the shareholders of the public limited companies realize their property rights?
What are the rights of the shareholders in a public limited company?
How many votes is one share is equal to?
Is a person or a legal person holding the majority interest is the most powerful in the public limited company?
What kind of abbreviation must public limited companies have in their names?
What is the difference between the private limited company and the public limited company?