irrevocable letter of credit

简明释义

不可取消信用证

英英释义

例句

1.An irrevocable letter of credit provides a guarantee that the seller will be paid as long as they meet the terms outlined.

只要卖方满足规定的条款，不可撤销信用证提供了一种保证，确保卖方会收到付款。

2.The seller felt secure knowing there was an irrevocable letter of credit backing the transaction.

卖方知道交易有一个不可撤销信用证作为保障，感到很安心。

3.Using an irrevocable letter of credit can greatly reduce the risk of non-payment in international trade.

使用不可撤销信用证可以大大降低国际贸易中未付款的风险。

4.The bank issued an irrevocable letter of credit after verifying the buyer's creditworthiness.

银行在核实买方的信用状况后，签发了一个不可撤销信用证。

5.The buyer arranged for an irrevocable letter of credit to ensure the seller would receive payment upon shipment.

买方安排了一个不可撤销信用证，以确保卖方在发货时能收到付款。

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 acts as a guarantee from a bank on behalf of a buyer to pay a seller a specified amount of money under certain conditions. This financial tool is particularly important in cross-border transactions where trust between parties may be limited due to geographical distances and differing legal systems. The irrevocable letter of credit is designed to protect both the buyer and the seller, providing assurances that payment will be made as long as the seller meets the terms outlined in the credit. An irrevocable letter of credit differs from a revocable letter of credit in that once it is issued, it cannot be altered or canceled without the consent of all parties involved. This characteristic provides a level of security for the seller, as they can be confident that the terms agreed upon will be honored. For buyers, this means that they can negotiate better terms with sellers, knowing that their payment will be secured through the bank's commitment. The process begins when a buyer applies for an irrevocable letter of credit from their bank, often referred to as the issuing bank. The buyer must provide detailed information about the transaction, including the amount, the beneficiary (the seller), and the documents required for payment. Once the bank issues the letter of credit, it sends it to the seller's bank, known as the advising bank. The advising bank verifies the authenticity of the letter and informs the seller that they can expect payment upon fulfilling the conditions outlined in the document. One of the main advantages of using an irrevocable letter of credit is that it mitigates the risk of non-payment for sellers. In international trade, sellers often face the risk of buyers defaulting on payments after goods have been shipped. With an irrevocable letter of credit, sellers can ship their goods with confidence, knowing that as long as they provide the required documentation—such as shipping invoices and bills of lading—they will receive payment. However, it is essential for both parties to understand the terms and conditions associated with the irrevocable letter of credit. Any discrepancies in the documentation can lead to delays in payment or even non-payment. Therefore, sellers must ensure that they comply strictly with the requirements set forth in the letter of credit. Additionally, buyers should be aware that while the letter of credit secures payment, it also involves costs, such as bank fees and charges for processing the letter. In conclusion, the irrevocable letter of credit is a vital instrument in international trade that provides security and assurance to both buyers and sellers. By understanding how it works and the responsibilities associated with it, businesses can engage in global commerce with greater confidence and reduced risks. As the world continues to become more interconnected, the importance of such financial tools will only grow, making it essential for companies to familiarize themselves with the intricacies of letters of credit.

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。其中一种工具是不可撤销信用证，它充当买方代表的银行向卖方支付特定金额的保证，前提是满足某些条件。这种金融工具在跨境交易中特别重要，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。不可撤销信用证旨在保护买卖双方，提供保证，只要卖方满足信用证中列出的条款，就会进行付款。不可撤销信用证与可撤销信用证的不同之处在于，一旦发出，就不能在没有所有相关方同意的情况下进行更改或取消。这一特性为卖方提供了安全感，因为他们可以确信商定的条款将得到遵守。对于买方而言，这意味着他们可以与卖方谈判更好的条款，因为他们知道支付将通过银行的承诺得到保障。这一过程始于买方向其银行申请不可撤销信用证，通常称为开证行。买方必须提供有关交易的详细信息，包括金额、受益人（卖方）以及付款所需的文件。一旦银行签发信用证，它会将其发送给卖方的银行，即通知行。通知行验证信用证的真实性，并通知卖方，他们可以在满足文件中列出的条件后期待付款。使用不可撤销信用证的主要优势之一是降低了卖方的违约风险。在国际贸易中，卖方常常面临买方在货物装运后违约付款的风险。通过不可撤销信用证，卖方可以有信心地发货，知道只要他们提供所需的文件（如运输发票和提单），就会收到付款。然而，双方需要了解与不可撤销信用证相关的条款和条件。任何文件上的不一致都可能导致付款延迟甚至不付款。因此，卖方必须确保严格遵守信用证中规定的要求。此外，买方也应意识到，虽然信用证确保了付款，但它也涉及费用，如银行手续费和处理信用证的费用。总之，不可撤销信用证是国际贸易中的一个重要工具，为买卖双方提供了安全和保障。通过了解其运作方式及相关责任，企业可以更自信地参与全球商业活动，并降低风险。随着世界日益互联，这类金融工具的重要性只会增加，因此公司必须熟悉信用证的复杂性。