revocable letter of credit

简明释义

可撤销信用证

英英释义

例句

1.In international trade, a revocable letter of credit can provide some assurance, but it is less secure than an irrevocable one.

在国际贸易中，可撤销信用证可以提供一定的保障，但其安全性低于不可撤销信用证。

2.Using a revocable letter of credit can be risky for sellers because it can be changed or canceled at any time.

使用可撤销信用证对卖方来说可能存在风险，因为它可以随时更改或取消。

3.The buyer requested a revocable letter of credit to ensure flexibility in their transaction.

买方请求了一份可撤销信用证以确保交易的灵活性。

4.Sellers should be cautious when accepting a revocable letter of credit as it does not guarantee payment.

卖方在接受可撤销信用证时应谨慎，因为这并不保证付款。

5.The bank issued a revocable letter of credit upon the buyer's request, allowing them to modify terms later.

银行根据买方的请求发行了一份可撤销信用证，允许他们稍后修改条款。

作文

In the world of international trade and finance, various instruments are used to facilitate transactions between buyers and sellers. One such instrument is a letter of credit, which serves as a guarantee from a bank to a seller that payment will be made in full and on time, as long as the seller meets certain conditions outlined in the agreement. Among the different types of letters of credit, the revocable letter of credit plays a unique role. A revocable letter of credit (可撤销信用证) can be altered or canceled by the buyer or the issuing bank without prior notice to the seller. This characteristic makes it less secure for the seller compared to other types of letters of credit, such as irrevocable letters of credit, which cannot be changed or revoked without the consent of all parties involved. The primary advantage of a revocable letter of credit is its flexibility. It allows the buyer to make adjustments to the terms of the agreement if circumstances change. For example, if the buyer realizes that they need to modify the delivery schedule or alter the amount of goods being purchased, they can do so without facing legal repercussions or needing the seller's approval. This flexibility can be particularly beneficial in dynamic markets where conditions can change rapidly. However, this same flexibility poses significant risks for the seller. Since the seller may not be informed of any changes until after the fact, they could find themselves in a precarious situation if they have already shipped the goods based on the original terms. Furthermore, the use of a revocable letter of credit is often discouraged in high-stakes transactions, especially in industries where trust and reliability are paramount. Sellers may be hesitant to accept a revocable letter of credit because it does not offer the same level of protection as an irrevocable one. In cases where large sums of money are involved, or when the goods being sold are valuable or perishable, sellers typically prefer the security of an irrevocable letter of credit. In conclusion, while a revocable letter of credit (可撤销信用证) offers flexibility for buyers, it also carries inherent risks for sellers. Understanding the implications of using a revocable letter of credit is crucial for both parties involved in a transaction. Buyers must weigh the benefits of adaptability against the potential for disrupting their relationship with the seller. On the other hand, sellers should carefully consider their options and assess whether accepting a revocable letter of credit aligns with their risk tolerance and business strategy. Ultimately, the choice of whether to use a revocable letter of credit or another type of financial instrument will depend on the specific circumstances of the transaction and the level of trust between the parties involved.