revoke a letter of credit

简明释义

撤回信用证

英英释义

例句

1.Due to unforeseen circumstances, the company had to revoke a letter of credit issued for the transaction.

由于不可预见的情况，公司不得不撤销为该交易签发的信用证。

2.The exporter was worried that the importer might revoke a letter of credit at any moment.

出口商担心进口商可能随时会撤销信用证。

3.The legal team advised the client on how to revoke a letter of credit without facing penalties.

法律团队建议客户如何在不面临处罚的情况下撤销信用证。

4.Before shipping the goods, the seller received notice that the buyer would revoke a letter of credit if the shipment was delayed.

在发货之前，卖方收到通知，如果发货延迟，买方将撤销信用证。

5.The bank decided to revoke a letter of credit due to the buyer's failure to meet the payment terms.

由于买方未能满足付款条款，银行决定撤销信用证。

作文

In the world of international trade, financial instruments play a crucial role in facilitating transactions between buyers and sellers from different countries. One such instrument is the letter of credit, which serves as a guarantee from a bank that a buyer's payment will be received on time and for the correct amount. However, there are instances when a bank may need to revoke a letter of credit, meaning they cancel or nullify the agreement. Understanding the implications of this action is essential for all parties involved in a transaction.When a letter of credit is issued, it provides security to the seller, ensuring that they will receive payment once they fulfill their part of the contract. This arrangement is particularly important in international trade, where the risks of non-payment can be significant due to distance, differing legal systems, and cultural misunderstandings. However, circumstances may arise that necessitate the revoke a letter of credit. For example, if the buyer encounters financial difficulties or if there are discrepancies in the shipping documents, the issuing bank may decide to revoke the letter to protect its interests.Revoking a letter of credit can have serious consequences for both the buyer and the seller. For the seller, it means losing the assurance of payment, which can jeopardize their business operations and cash flow. They may have already incurred costs related to manufacturing goods or preparing shipments based on the expectation of receiving payment through the letter of credit. On the other hand, the buyer may find themselves in a difficult position as well, especially if they have already made arrangements to purchase goods based on the credit that has now been revoked.Moreover, the process of revocation can lead to disputes between the parties involved. The seller may argue that the revocation was unwarranted or that they fulfilled their obligations under the contract. In such cases, resolving these disputes can be complicated and may even require legal intervention. Therefore, it is crucial for businesses to clearly understand the terms and conditions associated with letters of credit, including the circumstances under which a bank can revoke a letter of credit.In conclusion, while letters of credit are essential tools for facilitating international trade, the possibility of a bank revoking them introduces an element of risk that all parties must consider. Businesses should ensure that they have robust agreements in place and maintain open lines of communication throughout the transaction process. By doing so, they can mitigate the risks associated with the potential revocation of a letter of credit and ensure smoother transactions in the future.

在国际贸易中，金融工具在促进来自不同国家的买卖双方之间的交易中发挥着至关重要的作用。其中一个工具是信用证，它作为银行的担保，确保买方的付款将按时收到，并且金额正确。然而，有时银行可能需要撤销信用证，这意味着他们取消或无效该协议。理解这一行为的影响对交易中所有相关方来说都是至关重要的。当信用证被签发时，它为卖方提供了安全保障，确保他们在履行合同的部分后会收到付款。这种安排在国际贸易中尤其重要，因为由于距离、不同的法律体系和文化误解，未付款的风险可能会很大。然而，可能会出现一些情况，迫使银行撤销信用证。例如，如果买方遇到财务困难，或者运输文件存在差异，发行银行可能决定撤销信用证以保护其利益。撤销信用证可能对买卖双方产生严重后果。对卖方而言，这意味着失去了付款的保证，这可能会危及其业务运营和现金流。他们可能已经根据收到付款的预期承担了与制造商品或准备货物相关的费用。另一方面，买方也可能发现自己处于困难境地，尤其是在他们已经根据现在被撤销的信用证安排购买商品的情况下。此外，撤销过程可能导致相关方之间的争议。卖方可能会争辩说，撤销是不合理的，或者他们已经履行了合同的义务。在这种情况下，解决这些争议可能会很复杂，甚至可能需要法律干预。因此，企业必须清楚了解与信用证相关的条款和条件，包括银行可以撤销信用证的情况。总之，虽然信用证是促进国际贸易的重要工具，但银行撤销信用证的可能性引入了一种所有相关方都必须考虑的风险。企业应确保他们有健全的协议，并在整个交易过程中保持开放的沟通渠道。通过这样做，他们可以减轻与潜在撤销信用证相关的风险，并确保未来的交易更加顺利。