noncumulative letter of credit

简明释义

非累积信用证

英英释义

例句

1.The exporter received a noncumulative letter of credit 不可累积信用证 from the importer, ensuring payment for each shipment individually.

出口商收到了进口商提供的不可累积信用证 noncumulative letter of credit，确保每一次发货都能单独付款。

2.The noncumulative letter of credit 不可累积信用证 was issued for a specific period, covering only one shipment.

该不可累积信用证 noncumulative letter of credit是为特定期限而发出的，仅涵盖一次发货。

3.In a noncumulative letter of credit 不可累积信用证, each transaction is treated separately, which minimizes risk for the bank.

在不可累积信用证 noncumulative letter of credit中，每笔交易都被单独处理，这样可以降低银行的风险。

4.The buyer preferred a noncumulative letter of credit 不可累积信用证 to ensure that they only pay for the goods they receive.

买方更倾向于使用不可累积信用证 noncumulative letter of credit，以确保他们只为收到的货物付款。

5.Using a noncumulative letter of credit 不可累积信用证 can simplify the accounting process for both parties involved in the transaction.

使用不可累积信用证 noncumulative letter of credit可以简化交易双方的会计流程。

作文

In the world of international trade, various financial instruments are used to facilitate transactions between buyers and sellers. One such instrument is the letter of credit, which serves as a guarantee from a bank that a seller will receive payment for goods or services provided to a buyer. Among the different types of letters of credit, the noncumulative letter of credit stands out for its unique characteristics. A noncumulative letter of credit (非累积信用证) is designed to ensure that each transaction under it is treated independently rather than accumulating over time. This means that if a seller does not utilize the full amount of the credit in one transaction, the unused portion does not carry over to future transactions. This feature can be beneficial for both parties involved in the trade. For sellers, a noncumulative letter of credit provides a clear understanding of the payment structure for each shipment. Since the credit does not accumulate, sellers can plan their shipments and finances more effectively without worrying about previous transactions affecting their current ones. This clarity can lead to improved cash flow management and reduce the risk of disputes regarding payment. On the other hand, buyers also benefit from this type of letter of credit because it allows them to manage their purchasing needs without the pressure of having to utilize a cumulative balance. They can make decisions based on their immediate requirements instead of feeling compelled to use up a previously established credit limit.The noncumulative letter of credit is particularly useful in industries where transactions are frequent but may vary in size and scope. For instance, in the fashion industry, a retailer may order different quantities of clothing items from a manufacturer each season. By using a noncumulative letter of credit, the retailer can ensure that each order is financed separately, allowing for flexibility in purchasing without the complications of previous orders impacting current transactions.However, it is essential for both buyers and sellers to fully understand the terms and conditions associated with a noncumulative letter of credit. Each letter of credit must clearly outline the specific details regarding the amounts, expiration dates, and documentation required for payment. If any discrepancies arise, it could lead to delays in payment or even disputes that could jeopardize the business relationship. Therefore, it is advisable for both parties to work closely with their banks and legal advisors to ensure that all aspects of the letter of credit are thoroughly vetted and understood.In conclusion, the noncumulative letter of credit (非累积信用证) offers significant advantages in international trade by providing a straightforward, independent approach to financing transactions. Its ability to treat each transaction separately can enhance financial planning for both buyers and sellers, ultimately leading to smoother operations and stronger business relationships. As global commerce continues to evolve, understanding the nuances of various financial instruments like the noncumulative letter of credit will be crucial for companies looking to thrive in the competitive marketplace.