letter of credit

简明释义

信用证信用证信用证件

英英释义

例句

1.The seller was relieved when the bank issued a letter of credit for the full amount.

当银行为全额开具了信用证时，卖方松了一口气。

2.Before shipping the goods, make sure you have a valid letter of credit.

在发货之前，请确保您拥有有效的信用证。

3.The exporter received a letter of credit from the bank, ensuring payment upon shipment.

出口商收到了银行的信用证，确保在装运时付款。

4.To secure the transaction, the buyer applied for a letter of credit at his local bank.

为了确保交易，买方在当地银行申请了一份信用证。

5.A letter of credit is often used in international trade to reduce risks.

在国际贸易中，信用证通常用于降低风险。

作文

A letter of credit is a financial document issued by a bank or financial institution that guarantees payment to a seller on behalf of a buyer, provided that the seller meets certain conditions outlined in the document. This instrument plays a crucial role in international trade, where trust between parties may be limited due to distance and differing legal systems. A letter of credit serves as a safety net for both buyers and sellers, ensuring that transactions are conducted smoothly and securely.In the world of commerce, especially in cross-border transactions, the risks involved can be significant. Buyers worry about paying for goods that may never arrive, while sellers fear shipping products without receiving payment. A letter of credit mitigates these risks by providing a reliable mechanism for payment. When a buyer applies for a letter of credit, they work with their bank to specify the terms and conditions under which the payment will be made. These terms typically include details such as the amount of money, the deadline for shipment, and the required documentation to prove that the seller has fulfilled their part of the agreement.Once the letter of credit is issued, it is sent to the seller's bank, which then informs the seller that they can expect payment upon fulfilling the specified conditions. The seller must provide the necessary documents, such as a bill of lading, commercial invoice, and insurance documents, to their bank. Upon reviewing these documents, if they meet the conditions set forth in the letter of credit, the seller's bank will release the payment to the seller. This process ensures that both parties are protected: the seller knows they will receive payment as long as they adhere to the agreed-upon terms, and the buyer can be assured that their funds will only be released when the seller has fulfilled their obligations.There are different types of letters of credit, including revocable and irrevocable letters of credit. An irrevocable letter of credit cannot be changed or canceled without the agreement of all parties involved, providing a higher level of security for the seller. On the other hand, a revocable letter of credit can be modified or canceled by the buyer without the seller's consent, which poses a greater risk to the seller.In addition to traditional banks, there are also specialized financial institutions that issue letters of credit. These institutions often cater to specific industries or types of transactions, providing tailored services that meet the unique needs of their clients. Regardless of the institution, the fundamental purpose of a letter of credit remains the same: to facilitate trade by reducing risk and ensuring payment.In conclusion, a letter of credit is an essential tool in international trade that provides security and peace of mind for both buyers and sellers. By guaranteeing payment upon the fulfillment of specific conditions, it helps to build trust between parties who may not have an established relationship. As global trade continues to grow, the importance of instruments like the letter of credit will only increase, making it a vital component of modern commerce.

信用证是由银行或金融机构签发的金融文件，保证在买方满足文件中列出的特定条件时，卖方能够收到付款。这一工具在国际贸易中发挥着至关重要的作用，因为由于距离和不同的法律体系，交易双方之间的信任可能有限。信用证为买卖双方提供了安全网，确保交易顺利、安全地进行。在商业世界中，尤其是在跨境交易中，涉及的风险可能相当大。买方担心支付可能永远不会到达的商品，而卖方则害怕在未收到付款的情况下发货。信用证通过提供可靠的付款机制来减轻这些风险。当买方申请信用证时，他们与银行合作，指定付款将根据哪些条款和条件进行。这些条款通常包括金额、装运截止日期以及证明卖方已履行协议部分所需的文件。一旦信用证被签发，它会被发送到卖方的银行，后者随后通知卖方，他们可以期待在满足特定条件时收到付款。卖方必须向其银行提供必要的文件，例如提单、商业发票和保险文件。审查这些文件后，如果它们符合信用证中规定的条件，卖方的银行将向卖方释放付款。这个过程确保了双方的保护：卖方知道，只要遵守商定条款，就会收到付款，而买方可以放心，只有在卖方履行了义务后，资金才会被释放。信用证有不同类型，包括可撤销和不可撤销的信用证。不可撤销信用证在没有所有相关方同意的情况下不能更改或取消，为卖方提供了更高的安全性。另一方面，可撤销信用证可以在没有卖方同意的情况下由买方修改或取消，这对卖方构成了更大的风险。除了传统银行外，还有一些专门的金融机构也会签发信用证。这些机构通常服务于特定行业或交易类型，提供满足客户独特需求的定制服务。无论是哪种机构，信用证的基本目的始终是相同的：通过降低风险确保付款，从而促进贸易。总之，信用证是国际贸易中的重要工具，为买卖双方提供安全感和安心感。通过在特定条件得到满足时保证付款，它帮助建立了可能没有建立关系的交易双方之间的信任。随着全球贸易的不断增长，像信用证这样的工具的重要性只会增加，使其成为现代商业的关键组成部分。