We acknowledge with thanks the receipt of
your quotation dated June16 and note the total ﹩150 000 CIF Qingdao .We gree to this price , and would ask you to
accept this order-letter as our official order.
Please ship at the first available opportunity. The payment is being
made by the Banker’s Draft today. In view of the fact that we have been doing
business with you for more than year, we should appreciate it if you agree tosettle our accounts quarterly.