revocable letter of credit

简明释义

可撤销的信用证

英英释义

例句

1.A revocable letter of credit 可撤销信用证 is often used in situations where the buyer may need flexibility.

在买方可能需要灵活性的情况下，通常会使用可撤销信用证。

2.The exporter received a revocable letter of credit 可撤销信用证 from the importer, which allowed the importer to change the terms before shipment.

出口商收到了来自进口商的可撤销信用证，这使得进口商可以在发货前更改条款。

3.Before agreeing to a revocable letter of credit 可撤销信用证, the seller should consider the potential for changes in payment terms.

在同意可撤销信用证之前，卖方应考虑支付条款可能发生的变化。

4.Using a revocable letter of credit 可撤销信用证 can be risky for sellers since it can be canceled without their consent.

使用可撤销信用证对卖方来说是有风险的，因为它可以在没有卖方同意的情况下被取消。

5.The bank issued a revocable letter of credit 可撤销信用证 to facilitate the trade between the two companies.

银行为促进两家公司之间的交易而签发了可撤销信用证。

作文

In the world of international trade and finance, various 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 to a seller that payment will be made upon fulfillment of certain conditions. Among the different types of letters of credit, the revocable letter of credit stands out due to its unique characteristics. A revocable letter of credit (可撤销信用证) allows the buyer or the issuing bank to modify or cancel the credit at any time without prior notice to the beneficiary. This feature provides flexibility for the buyer but also introduces risks for the seller.The primary advantage of a revocable letter of credit (可撤销信用证) is that it allows the buyer to maintain control over the transaction. If circumstances change, the buyer can alter the terms of the credit or even cancel it altogether. This can be particularly beneficial in volatile markets where prices fluctuate rapidly. For instance, if a buyer realizes that they can purchase the same goods at a lower price from another supplier, they may choose to revoke the letter of credit to avoid unnecessary costs.However, this flexibility comes at a cost. The seller, who relies on the revocable letter of credit (可撤销信用证) as a guarantee of payment, faces significant risks. Since the letter can be revoked at any time, the seller must be cautious before shipping goods. If the buyer decides to cancel the credit after the goods have been dispatched, the seller may find themselves in a precarious position, potentially losing both the goods and the payment. This inherent risk makes the revocable letter of credit (可撤销信用证) less favorable for sellers compared to irrevocable letters of credit, which provide more security.In practice, the use of revocable letters of credit (可撤销信用证) is relatively rare in international trade. Most sellers prefer the assurance that comes with an irrevocable letter of credit, which cannot be altered or canceled without the consent of all parties involved. This preference is understandable, given the potential financial implications associated with the revocation of a credit.Despite its limitations, the revocable letter of credit (可撤销信用证) can still play a role in certain transactions, particularly when the buyer and seller have an established relationship based on trust. In such cases, the buyer may feel confident enough to issue a revocable credit, knowing that their reputation is at stake. Additionally, in situations where the market is stable and predictable, both parties may agree to use a revocable letter of credit (可撤销信用证) to expedite the transaction process.In conclusion, the revocable letter of credit (可撤销信用证) is a financial instrument that offers flexibility for buyers but poses risks for sellers. While it can be advantageous in certain scenarios, the lack of security associated with this type of credit makes it less popular in international trade. Understanding the implications of using a revocable letter of credit (可撤销信用证) is crucial for both buyers and sellers to navigate the complexities of global commerce effectively.