letter of credit in favor of…

简明释义

为…支付用的信用证

英英释义

例句

1.We have arranged a letter of credit in favor of our supplier to facilitate the purchase of raw materials.

我们已安排一个以…为受益人的信用证，以便购买原材料。

2.The buyer requested a letter of credit in favor of the seller to confirm the transaction.

买方要求签发一个以…为受益人的信用证以确认交易。

3.A letter of credit in favor of the contractor was issued to guarantee the completion of the project.

为了保证项目的完成，签发了一个以…为受益人的信用证给承包商。

4.The import company secured a letter of credit in favor of the foreign manufacturer for their latest order.

进口公司为其最新订单 secured 一个以…为受益人的信用证给外国制造商。

5.The bank issued a letter of credit in favor of the exporter to ensure payment upon shipment.

银行签发了一个以…为受益人的信用证，以确保在装运时付款。

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 a letter of credit in favor of the seller, which serves as a guarantee that the seller will receive payment for goods or services provided. This financial document is issued by a bank on behalf of the buyer, ensuring that the seller is compensated once they fulfill their part of the agreement. Understanding how a letter of credit in favor of the seller works can help businesses mitigate risks associated with cross-border transactions.When a buyer wishes to purchase goods from a foreign supplier, they may not have established trust with the seller. To alleviate concerns about payment, the buyer can request their bank to issue a letter of credit in favor of the seller. This document outlines the terms and conditions under which the payment will be made, including the required documentation that the seller must provide to receive payment. Typically, these documents include shipping receipts, invoices, and certificates of origin.The process begins when the buyer applies for a letter of credit in favor of the seller at their bank. The bank evaluates the buyer's creditworthiness and decides whether to issue the letter. Once approved, the bank informs the seller’s bank, which then notifies the seller about the issuance of the letter of credit in favor of them. This notification provides the seller with confidence that they will be paid as long as they meet the specified conditions.Upon shipping the goods, the seller prepares the necessary documentation and submits it to their bank. The seller’s bank reviews the documents to ensure they comply with the terms of the letter of credit in favor of them. If everything is in order, the seller's bank forwards the documents to the buyer's bank, which then processes the payment. This system protects both parties: the seller is assured of receiving payment, while the buyer can verify that the goods have been shipped before releasing funds.However, it is important to note that a letter of credit in favor of the seller is not without its challenges. Discrepancies in documentation, delays in shipping, or failure to meet the stipulated conditions can lead to payment disputes. Sellers must be diligent in ensuring that all documents are accurate and submitted on time to avoid complications. Additionally, fees associated with obtaining a letter of credit in favor of the seller can add to the overall cost of the transaction, which buyers and sellers must consider in their pricing strategies.In conclusion, a letter of credit in favor of the seller is an essential tool in international trade that provides security and assurance for both buyers and sellers. By understanding its function and implications, businesses can navigate the complexities of global commerce more effectively. This financial instrument not only fosters trust but also enhances the efficiency of trade by minimizing the risks involved. As international markets continue to grow, the use of letters of credit in favor of sellers will likely remain a cornerstone of secure trading practices.

在国际贸易的世界中，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。其中一种工具是以……为受益人的信用证，它作为一种保证，确保卖方将获得其提供的商品或服务的付款。该金融文件由买方的银行出具，确保卖方在履行其协议时获得补偿。了解以……为受益人的信用证如何运作，可以帮助企业降低跨境交易相关的风险。当买方希望从外国供应商处购买商品时，他们可能尚未与卖方建立信任。为了缓解对付款的担忧，买方可以要求其银行向卖方出具以……为受益人的信用证。该文件列出了在何种条件下进行付款的条款，包括卖方必须提供的所需文件。通常，这些文件包括运输收据、发票和原产地证明。这一过程始于买方向其银行申请以……为受益人的信用证。银行评估买方的信用状况，并决定是否出具该信用证。一旦获得批准，银行将通知卖方的银行，然后卖方的银行会通知卖方已出具了以……为受益人的信用证。这一通知为卖方提供了信心，只要他们满足规定的条件，就会收到付款。在发货后，卖方准备必要的文件并提交给其银行。卖方的银行审核文件，以确保其符合以……为受益人的信用证的条款。如果一切正常，卖方的银行将文件转发给买方的银行，后者随后处理付款。该系统保护双方：卖方确保收到付款，而买方在释放资金之前可以核实商品已被发货。然而，需要注意的是，以……为受益人的信用证并非没有挑战。文件中的差异、发货延迟或未能满足规定条件都可能导致付款争议。卖方必须仔细确保所有文件准确无误并及时提交，以避免复杂情况。此外，获得以……为受益人的信用证的费用可能会增加交易的整体成本，买卖双方必须在定价策略中考虑这些费用。总之，以……为受益人的信用证是国际贸易中一项重要工具，为买卖双方提供安全性和保障。通过理解其功能和影响，企业可以更有效地应对全球商业的复杂性。这种金融工具不仅促进了信任，还通过最小化相关风险来提高贸易效率。随着国际市场的不断增长，以……为受益人的信用证的使用将可能继续成为安全交易实践的基石。