Task 5
Directions: The following is a business letter.After reading it, you should give brief answers to the 5 questions (No.56 to No.60) that follow.The answers (in no more than 3 words) should be written after the corresponding numbers on the Answer Sheet.
Sales Contract
N0.：SC-3
Done and signed in Beijing on this 4th day of May 2009
Sellers China National Cereals, Oils&Foodstuffs Corp.
Buyers：Canada Food Corp., Vancouver
This Contract is made by and between the Buyers and the Sellers;whereby the Buyers agree to buy and the Sellers agree to sell the under-mentioned commodity according to the terms and conditions stipulated below：
Commodity：Apple Jam, Great Wall Brand
Specifications：In cans of 340 grams
Quantity：1000 cases (each loo cans)
Unit price：US$30.00 per case
Packing：In cases
Insurance：To be effected by the Sellers against All Risks
Time of Shipment：August 2009
Port of Shipment: Chinese Port
Port of Destination: Vancouver,Canada
Shipping Mark: At Seller’s choices
Terms of Payment：By Letter of Credit
What are the terms of payment