Irrevocable letter of credit

简明释义

不可撤回的信用证

英英释义

例句

1.The bank issued an Irrévocable letter of credit to facilitate the transaction between the two companies.

银行向两家公司发出了不可撤销信用证以促进交易。

2.The buyer arranged for an Irrévocable letter of credit to ensure that the seller would receive payment once the goods were shipped.

买方安排了一份不可撤销信用证，以确保卖方在货物发运后能收到付款。

3.In our agreement, we specified that payment would be made through an Irrévocable letter of credit.

在我们的协议中，我们明确规定付款将通过不可撤销信用证进行。

4.An Irrévocable letter of credit helps build trust between buyers and sellers in a transaction.

在交易中，不可撤销信用证有助于建立买卖双方之间的信任。

5.Using an Irrévocable letter of credit can reduce the risk of non-payment in international trade.

使用不可撤销信用证可以减少国际贸易中未付款的风险。

作文

In the world of international trade and finance, the term Irrevocable letter of credit is of paramount importance. An Irrevocable letter of credit is a financial document issued by a bank or financial institution, guaranteeing that a seller will receive payment for goods or services provided, as long as the required documents are presented in accordance with the terms set forth in the letter. This type of letter of credit cannot be altered or canceled without the consent of all parties involved, which makes it a highly secure form of payment in global transactions.The significance of an Irrevocable letter of credit lies in its ability to provide assurance to both buyers and sellers. For sellers, it mitigates the risk of non-payment, which is particularly crucial in cross-border transactions where trust may be lacking. Knowing that their payment is secured by a reputable bank allows sellers to ship goods with confidence. On the other hand, buyers also benefit from this arrangement, as it ensures that payment will only be made once the seller fulfills their contractual obligations, thus protecting their interests as well.One of the key features of an Irrevocable letter of credit is its irrevocability. Once it is issued, neither the buyer nor the seller can change the terms without mutual agreement. This characteristic provides stability and predictability to the transaction, which is essential in international trade where fluctuating market conditions can complicate agreements. The irrevocable nature of this financial instrument helps to build trust among parties, as they can rely on the terms being upheld throughout the transaction process.Furthermore, the use of an Irrevocable letter of credit can facilitate smoother negotiations between buyers and sellers. Since both parties are aware that the payment is secured, they can focus on negotiating other critical aspects of the deal, such as pricing, delivery schedules, and product specifications. This can lead to more favorable terms for both sides, as the financial security provided by the letter of credit allows for greater flexibility in negotiations.However, it is essential for both parties to understand the requirements and conditions outlined in the Irrevocable letter of credit. Any discrepancies in the documentation presented can lead to delays in payment or even non-payment, which can be detrimental to the seller's cash flow. Therefore, thorough communication and attention to detail are necessary when dealing with this financial instrument.In conclusion, the Irrevocable letter of credit serves as a vital tool in international trade, providing security and assurance to both buyers and sellers. Its irrevocable nature fosters trust and facilitates smoother transactions, making it an indispensable part of global commerce. As businesses continue to expand their operations across borders, understanding the intricacies of an Irrevocable letter of credit will be crucial for ensuring successful and secure trade relationships.

在国际贸易和金融的世界中，术语不可撤销信用证至关重要。不可撤销信用证是由银行或金融机构签发的金融文件，保证卖方在提供货物或服务时，只要按照信用证中规定的条款提交所需文件，就会收到付款。这种类型的信用证在没有所有相关方同意的情况下无法更改或取消，这使得它成为全球交易中一种高度安全的支付方式。不可撤销信用证的重要性在于它能够为买卖双方提供保障。对于卖方而言，它减少了未付款的风险，这在跨境交易中尤为重要，因为信任可能不足。知道他们的付款由一家信誉良好的银行担保，使得卖方可以放心地发货。另一方面，买方也从这种安排中受益，因为它确保只有在卖方履行合同义务后才会付款，从而保护他们的利益。不可撤销信用证的一个关键特征是其不可撤销性。一旦发出，买方和卖方都不能在没有相互同意的情况下更改条款。这一特性为交易提供了稳定性和可预测性，这在国际贸易中至关重要，因为波动的市场条件可能会复杂化协议。该金融工具的不可撤销性有助于建立各方之间的信任，因为他们可以依赖交易过程中的条款得到遵守。此外，使用不可撤销信用证可以促进买卖双方之间更顺畅的谈判。由于双方都意识到付款是有保障的，他们可以专注于谈判交易的其他关键方面，例如定价、交货时间表和产品规格。这可能导致双方更有利的条款，因为信用证提供的财务安全性允许在谈判中有更大的灵活性。然而，双方必须了解不可撤销信用证中列出的要求和条件。提交的文件中任何不一致之处都可能导致付款延迟甚至不付款，这对卖方的现金流可能是有害的。因此，在处理这一金融工具时，充分的沟通和关注细节是必要的。总之，不可撤销信用证作为国际贸易中的重要工具，为买卖双方提供了安全和保障。其不可撤销的特性促进了信任，简化了交易，使其成为全球商业中不可或缺的一部分。随着企业不断扩展跨国业务，理解不可撤销信用证的复杂性将对确保成功和安全的贸易关系至关重要。