answer: #Person1# offers to cut the price by 5% and Mrs. Miller is satisfied with this. They discuss the way of packaging and the opening time of the letter of credit. #Person1# will ship the goods according to the agreed schedule and Mrs. Miller has confidence in #Person1#'s inspection institution. Mrs. Miller requests #Person1# to let her have the contract today since she's leaving tomorrow. #Person1# will send the contract to Mrs. Miller by airmail if it's not ready by then.
documents: #Person1#: Mrs. Miller, you are an old friend of ours. In order to encourage future business and as a gesture of friendship, we are prepared to cut our price by 5 %. Will that satisfy you?
  #Person2#: That's great. Thank you for making this concession. I accept.
  #Person1#: Now I repeat, 5, 000 transistor sets, specifications as shown in our catalogue at $ 20 each C. I. F. Los Angeles.
  #Person2#: Good. Now that the price is decided on, we can discuss the packaging.
  #Person1#: As to packaging, we'll pack them two dozens to one carton, gross weight about 25 kilos a carton.
  #Person2#: Carton?
  #Person1#: Yes, corrugated cardboard boxes.
  #Person2#: Could you use wooden cases instead?
  #Person1#: Why use wooden cases?
  #Person2#: I'm afraid the cardboard boxes are not strong enough for ocean transportation.
  #Person1#: Cartons are comparatively light, and there fore easy to handle. They'll not be stowed away with the heavy cargo. Besides, we'll reinforce the cartons with metal straps.
  #Person2#: All right. Carton or no carton, the packaging must be waterproof as well as strong enough to stand shock and rough handling.
  #Person1#: You needn't worry about that. Cartons are extensively used in our shipments to foreign countries and there have never been complaints from our clients. Now, as regards payment, we have agreed to use dollars, am I right?
  #Person2#: That's right. As soon as I get home, I'll see about the opening of the letter of credit.
  #Person1#: Please open the letter of credit 15 to 30 days before the date of delivery so that we'll have enough time to make all the necessary arrangements. Another thing, the L / C should be valid until the 15th day after shipment.
  #Person2#: No problem. That can be done. I understand you'll ship the goods before the end of May?
  #Person1#: Right. We'll ship the goods according to the agreed time schedule. Last, but not least, the inspection is to be carried out by Houston Commodities Inspection Bureau, which is final and binding on both parties.
  #Person2#: Yes, we agreed to that. We have great confidence in your inspection institution. Through years of dealing with you, we've convinced of your commercial integrity.
  #Person1#: Thank you. You can rest assured that we'll do everything possible to prevent de festive commodities from going abroad. However, if there should be any disputes, we wish to have them settled through friendly discussions.
  #Person2#: Exactly. That's what we have done in the past.
  #Person1#: Well, it seems we have covered everything. We'll have the contract ready in a couple of days.
  #Person2#: Can you speed it up and let me have it today? I'm leaving tomorrow. I've been here for almost a month now, you see. My corporation is urging me to return. I've booked the ticket for tomorrow afternoon's flight at 3.
  #Person1#: Let me see. If we can't get the contract ready by then, we'll send it to you by airmail for your signature.
  #Person2#: That's fine too.