irrevocable letter of credit

简明释义

不可撤销信用证

英英释义

例句

1.The exporter received an irrevocable letter of credit from the bank, ensuring payment upon shipment.

出口商收到了银行发出的不可撤销信用证，确保在发货后付款。

2.The bank issued an irrevocable letter of credit that cannot be altered without the consent of all parties involved.

银行发出了一个不可撤销信用证，未经所有相关方同意不得更改。

3.An irrevocable letter of credit provides security to both the buyer and the seller in international trade.

不可撤销信用证为国际贸易中的买卖双方提供了安全保障。

4.Before shipping the goods, the seller must confirm the terms of the irrevocable letter of credit.

在发货之前，卖方必须确认不可撤销信用证的条款。

5.In case of disputes, the irrevocable letter of credit serves as a legal document for claims.

在争议发生时，不可撤销信用证作为索赔的法律文件。

作文

In the world of international trade, financial instruments play a crucial role in ensuring that transactions are conducted smoothly and securely. One such instrument is the irrevocable letter of credit, which serves as a guarantee from a bank on behalf of a buyer to pay a seller for goods or services provided. This financial tool is essential for minimizing risks associated with cross-border transactions, where trust between parties may be limited due to geographical distances and differing legal systems.An irrevocable letter of credit is defined as a commitment by a bank that cannot be altered or canceled without the consent of all parties involved. This means that once it is issued, the terms and conditions outlined within it remain binding until the transaction is completed. The irrevocability of this letter provides sellers with a high level of security, as they can be assured that payment will be made as long as they fulfill the terms specified in the letter.The process begins when a buyer applies for an irrevocable letter of credit through their bank, known as the issuing bank. The bank evaluates the buyer's creditworthiness and decides whether to issue the letter. Once approved, the issuing bank sends the letter to the seller’s bank, known as the advising bank. The advising bank then informs the seller of the letter's existence, allowing them to proceed with the shipment of goods.One of the key advantages of using an irrevocable letter of credit is that it mitigates the risk of non-payment. For sellers, particularly those who may not have established trust with the buyer, this financial instrument provides peace of mind. It ensures that as long as they provide the required documentation—such as shipping receipts and invoices—they will receive payment promptly.Moreover, the use of an irrevocable letter of credit can enhance the credibility of the buyer. By obtaining this letter, the buyer demonstrates to the seller that they have sufficient funds and a reliable banking relationship, which can facilitate smoother negotiations and foster stronger business relationships.However, it is important to note that while an irrevocable letter of credit offers numerous benefits, it also comes with certain responsibilities. Sellers must ensure that they comply with all the terms stipulated in the letter, as any discrepancies in documentation can lead to delays or even denial of payment. Additionally, banks charge fees for issuing and processing these letters, which can add to the overall cost of the transaction.In conclusion, the irrevocable letter of credit is a vital financial instrument in international trade that provides security and confidence to both buyers and sellers. Its irrevocable nature ensures that once it is issued, the terms cannot be changed, thus protecting the interests of all parties involved. As global commerce continues to expand, understanding and effectively utilizing tools like the irrevocable letter of credit will be essential for businesses looking to navigate the complexities of international transactions successfully.

在国际贸易的世界中，金融工具在确保交易顺利和安全进行方面发挥着至关重要的作用。其中一个工具是不可撤销信用证，它作为买方代表向卖方保证支付货物或服务的银行担保。这种金融工具对于减少跨境交易相关的风险至关重要，因为由于地理距离和不同的法律体系，交易双方之间的信任可能有限。不可撤销信用证被定义为银行的承诺，在没有所有相关方同意的情况下，无法更改或取消。这意味着一旦发出，信中列出的条款和条件将保持有效，直到交易完成。该信用证的不可撤销性为卖方提供了很高的安全性，因为他们可以确保只要满足信用证中规定的条款，就会进行付款。这一过程始于买方向其银行申请不可撤销信用证，即发行银行。银行会评估买方的信用状况，并决定是否发放信用证。一旦批准，发行银行将信用证发送给卖方的银行，即通知银行。通知银行随后将信用证的存在告知卖方，使他们能够继续发货。使用不可撤销信用证的一个主要优点是降低了不付款的风险。对于卖方，尤其是那些可能与买方没有建立信任关系的卖方，这种金融工具提供了安心。它确保只要他们提供所需的文件，例如运输收据和发票，他们就会及时收到付款。此外，使用不可撤销信用证还可以增强买方的信誉。通过获得这份信用证，买方向卖方展示他们拥有足够的资金和可靠的银行关系，这可以促进更顺利的谈判并加强商业关系。然而，需要注意的是，虽然不可撤销信用证带来了许多好处，但也伴随着某些责任。卖方必须确保遵守信用证中规定的所有条款，因为文件中的任何差异都可能导致延误甚至拒绝付款。此外，银行会收取发行和处理这些信用证的费用，这可能会增加交易的整体成本。总之，不可撤销信用证是在国际贸易中至关重要的金融工具，为买卖双方提供了安全和信心。其不可撤销的性质确保一旦发出，条款不会改变，从而保护所有相关方的利益。随着全球商业的不断扩展，理解和有效利用像不可撤销信用证这样的工具将对希望成功应对国际交易复杂性的企业至关重要。