irrevocable letter of credit

简明释义

不可撤销信用证

英英释义

例句

1.To facilitate the transaction, the exporter requested an irrevocable letter of credit from the importer.

为了促进交易，出口商要求进口商提供一份不可撤销信用证。

2.The buyer issued an irrevocable letter of credit to ensure that the seller would receive payment upon shipment.

买方签发了一份不可撤销信用证，以确保卖方在发货时能收到付款。

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

使用不可撤销信用证可以显著降低国际贸易中未付款的风险。

4.An irrevocable letter of credit is a guarantee from the bank that the seller will be paid regardless of any disputes.

一份不可撤销信用证是银行的保证，无论发生任何争议，卖方都会得到付款。

5.The bank confirmed the irrevocable letter of credit to provide assurance to the seller.

银行确认了这份不可撤销信用证，以向卖方提供保障。

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 serves as a guarantee from a bank on behalf of a buyer to pay a specified amount to a seller upon the presentation of certain documents. This type of letter of credit is considered irrevocable because it cannot be modified or canceled without the agreement of all parties involved, providing a sense of security for both buyers and sellers.The necessity for an irrevocable letter of credit arises from the inherent risks associated with international trade. For instance, when a buyer and seller are located in different countries, they may not have established trust or familiarity with each other. The buyer may be concerned that the seller will not deliver the goods as promised, while the seller may worry about the buyer defaulting on payment. In this context, the irrevocable letter of credit acts as a mediator that assures both parties of their commitments.When a buyer applies for an irrevocable letter of credit, the issuing bank assesses the buyer's creditworthiness before agreeing to provide the letter. Once issued, the bank commits to paying the seller once they present the necessary documents, such as shipping receipts and invoices, that comply with the terms set forth in the letter. This process minimizes the risk for the seller, as they can rely on the bank's promise to make payment.Moreover, the irrevocable letter of credit also enhances the buyer's credibility. By using this financial instrument, the buyer demonstrates to the seller that they have the financial backing of a reputable bank, which can facilitate smoother negotiations and potentially better terms. This is particularly beneficial in situations where large sums of money are involved, or when the goods being traded are of high value.However, it is important to note that while the irrevocable letter of credit offers significant advantages, it also comes with certain limitations. For example, if the buyer wishes to change the terms of the agreement after the letter has been issued, they must obtain consent from the seller and the bank. This rigidity can sometimes complicate transactions, especially in dynamic markets where conditions may change rapidly.In conclusion, the irrevocable letter of credit is a vital tool in international trade, providing a level of security and trust that is often needed in cross-border transactions. It protects the interests of both buyers and sellers, ensuring that payments are made and goods are delivered as agreed. Understanding how this financial instrument works can greatly enhance one’s ability to navigate the complexities of global commerce. As businesses continue to expand their reach into international markets, the importance of instruments like the irrevocable letter of credit will only grow, making it essential for traders to familiarize themselves with its function and benefits.

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，它作为买方向卖方支付特定金额的银行担保，前提是卖方提供某些文件。这种类型的信用证被认为是不可撤销的，因为它在没有所有相关方同意的情况下无法修改或取消，为买卖双方提供了安全感。使用不可撤销信用证的必要性源于国际贸易中固有的风险。例如，当买卖双方位于不同国家时，他们可能没有建立信任或相互熟悉。买方可能担心卖方不会按承诺交付商品，而卖方则可能担心买方违约。在这种情况下，不可撤销信用证充当了一个中介，确保双方履行各自的承诺。当买方申请不可撤销信用证时，发行银行会在同意提供信用证之前评估买方的信用worthiness。一旦发出，银行承诺在卖方提交符合信用证条款的必要文件（如运输收据和发票）后支付卖方。这一过程最大程度地减少了卖方的风险，因为他们可以依赖银行的支付承诺。此外，不可撤销信用证还增强了买方的信誉。通过使用这一金融工具，买方向卖方表明他们得到了信誉良好的银行的财务支持，这可以促进更顺利的谈判，并可能获得更好的条款。这在涉及大笔资金或交易的商品价值较高的情况下尤为有利。然而，需要注意的是，虽然不可撤销信用证提供了显著的优势，但也存在某些限制。例如，如果买方希望在信用证发出后更改协议条款，他们必须获得卖方和银行的同意。这种刚性有时会使交易复杂化，特别是在市场动态变化迅速的情况下。总之，不可撤销信用证是国际贸易中的重要工具，提供了在跨境交易中常常需要的安全和信任水平。它保护了买卖双方的利益，确保支付和交货如约进行。了解这一金融工具的运作方式可以极大地提高人们应对全球商业复杂性的能力。随着企业不断扩大其国际市场的范围，像不可撤销信用证这样的工具的重要性将只会增加，这使得交易者熟悉其功能和好处变得至关重要。