[Sender]
King & Jones Logistics Ltd
118 Park Rd
Birmingham
B19 1SU
Telephone: 0111 333 2222
E-mail: kjl@kingandjones.com

Birmingham, 17 March 2011

[Receiver]
Ms T. Smith
57 Queen Elizabeth Street
London
SW1W 9NZ




Dear Ms Smith,

Re.: Payment arrangement

With reference to our telephone conversation on [date], we would like to confirm the following:

• The claim acknowledged by you currently amounts to [amount] pounds.
• We are in agreement with your proposal (you do not have to pay additional charges)
• You will pay the outstanding amount in consecutive monthly instalments:
  
• The first instalment of minimum [amount] pounds will be made before [date]
• The second instalment of minimum [amount] pounds will be made before [date]
• The third instalment of minimum [amount] pounds will be made before [date]
• Payments must have been received in bank account [account no.], in the name of [name], stating [reference no.] by the due date, at the latest.
• If this payment arrangement is not followed exactly then the entire outstanding balance immediately becomes due.

Should any of the payments fail to be made we will pass the claim onto a debt recovery agency. The high recovery costs that will subsequently be applied are to be paid by you.

I trust we have provided you with sufficient information.

Yours sincerely,


[Signature]


Henry Jones
Finance manager
King & Jones Logistics Ltd.