it is not surprising, then, that the world saw a return to a floating exchange rate system. central banks were no longer required to support their own currencies.
floating policy is of great importance for export trade; it is, in fact, a convenient method of insuring goods where a number of similar export transactions are intended, e.g. where the insured has to supply an overseas importer under an exclusive sales agreement or maintains sales representatives or subsidiary companies abroad.
在第一句话中，negotiable 的意思是“可商议的”，在第二句话中的意思则是“可转让的”，“可转让提单”经过背书后即可将所有权转让给他人，值得注意的是，negotiating bank 则是议付银行，即购买或贴现汇票的银行。
you may get a 5% discount if your order is on a regular basis. if a seller extends credit to a time draft, they have made a trade acceptance．the seller can request that the bank finance the transaction by buying the draft．the bank is said to discount the draft.
our products have been endorsed by the national quality inspection association. draft must be accompanied by full set original on board marine bill off lading made out to order，endorsed in blank，marked freight prepaid.
under cif, it is the seller’s obligation to tender the relative documents to the buyer to enable him to obtain delivery of the goods. if they arrive, or to recover for the loss, if they are lost on the voyage.
he became as exhilarated as if his tender for building a mansion had been accepted.