documentary letter of credit

简明释义

跟单信用证

英英释义

例句

1.The exporter received a payment through a documentary letter of credit, which ensured that the transaction was secure.

出口商通过信用证收到了付款，这确保了交易的安全性。

2.The bank issued a documentary letter of credit to facilitate the transaction between the two parties.

银行发行了一个信用证以便利双方之间的交易。

3.Before proceeding with the shipment, the seller must verify the documentary letter of credit details.

在进行发货之前，卖方必须核实信用证的细节。

4.To mitigate risks, many businesses prefer to use a documentary letter of credit for international trade.

为了降低风险，许多企业更喜欢在国际贸易中使用信用证。

5.When shipping goods overseas, it's essential to request a documentary letter of credit from the buyer.

在向海外运输货物时，向买方请求信用证是至关重要的。

作文

In the world of international trade, financial instruments play a crucial role in facilitating transactions between buyers and sellers. One such instrument is the documentary letter of credit, which serves as a guarantee of payment from a buyer's bank to a seller's bank, provided that certain conditions are met. Understanding this financial tool is essential for anyone involved in global commerce, as it helps mitigate risks associated with cross-border transactions.A documentary letter of credit can be defined as a written commitment issued by a bank on behalf of a buyer, promising to pay a specified amount to the seller upon presentation of specific documents that prove the shipment of goods or services. This financial arrangement protects both parties involved in the transaction. For the buyer, it ensures that payment will only be made once the seller has fulfilled their obligations. For the seller, it provides assurance that they will receive payment as long as they comply with the terms set forth in the letter of credit.The process begins when a buyer and seller agree on a transaction. The buyer then applies for a documentary letter of credit from their bank, which is known as the issuing bank. The issuing bank reviews the buyer's creditworthiness and issues the letter of credit, detailing the terms and conditions that must be met for payment to be released.Once the letter of credit is issued, it is sent to the seller's bank, referred to as the advising bank. The advising bank verifies the authenticity of the letter and informs the seller about the terms. The seller then prepares the goods for shipment and gathers the necessary documentation, such as the bill of lading, commercial invoice, and insurance documents.After the goods are shipped, the seller presents these documents to their bank, which forwards them to the issuing bank. The issuing bank reviews the documents to ensure they comply with the terms of the documentary letter of credit. If everything is in order, the bank releases the payment to the seller. This process not only assures the seller of payment but also gives the buyer confidence that they will receive the goods as promised.However, there are some potential challenges associated with documentary letters of credit. One common issue is discrepancies in the documentation. Even minor errors can lead to delays in payment or even non-payment, which can create significant problems for both parties. Therefore, it is vital for both the buyer and seller to understand the requirements of the letter of credit thoroughly and to ensure that all documentation is accurate and complete.Moreover, the costs associated with obtaining a documentary letter of credit can be substantial, including bank fees and charges for document preparation. Businesses must weigh these costs against the benefits of using this financial instrument to determine if it is the right choice for their particular transaction.In conclusion, a documentary letter of credit is an invaluable tool in international trade, providing security and trust between buyers and sellers. By ensuring that payment is only made when specific conditions are met, it helps reduce the risks inherent in cross-border transactions. However, it is essential for both parties to understand the process and requirements involved to avoid potential pitfalls. As globalization continues to expand, the use of documentary letters of credit will likely remain a fundamental aspect of international commerce, helping businesses navigate the complexities of global trade efficiently.

在国际贸易的世界中，金融工具在促进买卖双方之间的交易方面发挥着至关重要的作用。其中一种工具是跟单信用证，它作为买方银行向卖方银行的支付担保，前提是满足某些条件。理解这一金融工具对于任何参与全球商业的人来说都是必不可少的，因为它有助于降低跨境交易相关的风险。跟单信用证可以定义为由银行代表买方签发的书面承诺，承诺在卖方提交证明货物或服务运输的特定文件时支付指定金额。这种金融安排保护了交易中涉及的双方。对于买方来说，它确保只有在卖方履行其义务后才会付款。对于卖方来说，只要遵守信用证中规定的条款，就提供了他们将收到付款的保证。这一过程始于买卖双方就交易达成协议。然后，买方向其银行申请跟单信用证，该银行称为开证行。开证行审核买方的信用状况并签发信用证，详细说明必须满足的条款和条件，以便释放付款。一旦信用证签发，它将被发送到卖方的银行，即通知行。通知行验证信用证的真实性，并通知卖方相关条款。然后，卖方准备货物以便运输，并收集必要的文件，如提单、商业发票和保险单。在货物运输后，卖方将这些文件提交给其银行，该银行将其转发给开证行。开证行审核文件，以确保它们符合跟单信用证的条款。如果一切正常，银行将向卖方释放付款。这个过程不仅确保了卖方的付款，还使买方有信心，他们将如约收到货物。然而，与跟单信用证相关的一些潜在挑战也需要注意。一个常见的问题是文件中的不一致性。即使是微小的错误也可能导致付款延迟甚至不付款，这可能会给双方造成重大问题。因此，买卖双方都必须彻底理解信用证的要求，并确保所有文件准确完整。此外，获得跟单信用证的相关费用可能相当可观，包括银行费用和文件准备费用。企业必须权衡这些成本与使用这一金融工具的好处，以确定它是否适合他们的特定交易。总之，跟单信用证是国际贸易中一种无价的工具，为买卖双方提供了安全性和信任。通过确保只有在满足特定条件时才进行付款，它有助于降低跨境交易固有的风险。然而，双方都必须了解所涉及的过程和要求，以避免潜在的陷阱。随着全球化的不断扩展，跟单信用证的使用可能仍将是国际商业的基本方面，帮助企业高效地应对全球贸易的复杂性。