aFrankly,the letter of credit will raise the cost of my imports.When I open the letter of credit with bank,I have to pay margin.That will not only take my money,but also increase my cost. 坦率地,信用证将提高我的进口的费用。当我打开信用证与银行时,我必须支付边际。那不仅将采取我的金钱...
Bank guarantees and letters of credit are both used to reduce risk factors between borrowers and lenders in trade, find out which one is for you.
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美 英 un.银行信用证 英汉 un. 1. 银行信用证
(一)追索权信用证有追索权信用证(WithRecouresLetterofCredit),其英文文字表示法中的“Recourse”是表示“追索”,“请求偿还”之意,为了准确地表示其意,常用追索权(RightofRecourse)的文句予以表述。有追索权的信用证须在信用证中载明“有追索权”(RightofRecourse)字样。但在实务中,凡未载明“无追索权”(Without...
made. A letter of credit is an agreement that is issued by a bank, in which the bank agrees to ensure payment on behalf of the buyer, if the terms of the agreement between the buyer and seller are met. Note that a letter of credit is also referred to as a documentary credi...
and standby letters of credit (I) bank guarantee. The bank guarantee (Banker s Letter of Guarantee) is also called the bank guarantee, refers to the bank (the guarantor) at the request of the applicant, to the third party (the beneficiary) a written guarantee certificate issued, the ...
LetterofCreditrnSEQUENCEOFTOTALrn27:11rnFORMOFDOCUMENTARYCREDITrnrn40Arn:rnIRREVOCABLErnDOCUMENTARYCREDITNUMBERrn20:rnDA
bank issues a letter of credit to guarantee the payment to the seller, essentially assuming the responsibility of ensuring the seller is paid. A buyer must prove to the bank that they have enoughassetsor a sufficientline of creditto pay before the bank will guarantee the payment to the ...
Bank guarantees are often used in real estate contracts and infrastructure projects, while letters of credit are primarily used in global transactions. Bank Guarantee Bank guaranteesrepresent a more significant contractual obligation for banks than letters of credit do. A bank guarantee, like a letter...