Refusing credit

Mr. Jean Legrand Chaussures Prevost SA 6 Avenue Prieur Cannes France Dear Mr. Legrand, Thank you for your order no. 6565 of 1 July for 100 dozen pairs of shoes. I regret to say that our records show that we do not have a sufficient basis for extending open account terms to you at present. We can fulfill your order only on receipt of a confirmed, irrevocable letter of credit. We are sorry for the delay and await your instructions. Yours sincerely,		Useful phrases Line 2 I regret to say that our records show that we do not have a sufficient basis for extending open account terms to you at present. Line 4 We can fulfill your order only on receipt of. . . Line 6 We are sorry for the delay and await your instructions Notes Para. 1 Identify the order. Para. 2 Refuse credit politely. Para. 3 State your terms. Para. 4 Urge a reply..
Comments The letter politely refuses credit and states the terms required by the vendor. An L/C is much more secure than open account terms.	Alternative phrases Line 1 Many thanks for . . . Line 2 ... we do not have enough credit information to offer. . . Line 4 We will ship your order when we receive . . . Line 6 We apologize for . . .