Directions: Fill in each blank of the following passage with one of the words given below. Make changes when necessary.

received 　establish 　under 　ready 　point

delay 　inform 　effect 　stipulations 　shipment

Dear Sir or Madam,

We wish to 　1　you that the goods 　2　L/C No.46 have been 　3　 for quite some time. According to the 　4　 in the foregoing sales confirmations, 　5　 is to be made during May/June.

However, we have not yet 　6　your L/C even though you promised to 　7　it immediately after signing the sales contract. We must　8　 out that unless your L/C reaches us by the end of this month, we will not be able to 　9　shipment within the stipulated time.

Please look into this matter and let us have a reply without 　10　.

Yours faithfully,