Documentary Credit in a sentence
Synonym: letter of credit, financial guarantee.
Meaning: A financial instrument guaranteeing payment upon presentation of specified documents.
(1) The documentary credit was confirmed by a reputable bank.
(2) The documentary credit was opened in favor of the seller.
(3) The documentary credit was opened in favor of the beneficiary.
(4) The documentary credit was used to finance the purchase of goods.
(5) The documentary credit acts as a guarantee of payment for the seller.
(6) The documentary credit was subject to amendment upon mutual agreement.
(7) The documentary credit was transferred to another bank for negotiation.
(8) The documentary credit was valid for 90 days from the date of issuance.
(9) The documentary credit was used to finance the import of raw materials.
(10) The documentary credit was used to finance the export of finished goods.
Documentary Credit sentence
(11) The documentary credit was advised to the beneficiary through their bank.
(12) The documentary credit was opened in the currency specified by the buyer.
(13) The documentary credit was confirmed by a bank in the exporter's country.
(14) The documentary credit is an integral part of the trade finance industry.
(15) The documentary credit reduces the risk for both the buyer and the seller.
(16) The documentary credit is an important risk management tool for exporters.
(17) A documentary credit is a financial instrument used in international trade.
(18) The documentary credit was established to mitigate the risk of non-payment.
(19) The documentary credit was subject to examination of the shipping documents.
(20) The documentary credit is an essential tool for facilitating global commerce.
Documentary Credit make sentence
(21) The documentary credit is a widely accepted method of payment in global trade.
(22) The documentary credit was transferred to the exporter's bank for negotiation.
(23) The documentary credit serves as a form of payment assurance for the exporter.
(24) The documentary credit provides assurance to the seller that they will be paid.
(25) The documentary credit was established to ensure timely payment to the exporter.
(26) The documentary credit was established to protect the interests of both parties.
(27) The documentary credit provided assurance to the exporter that they would be paid.
(28) The documentary credit was payable against presentation of a clean bill of lading.
(29) The documentary credit provides a level of protection against non-payment or fraud.
(30) The documentary credit was governed by the International Chamber of Commerce rules.
Sentence of documentary credit
(31) The documentary credit was confirmed by a local bank to provide additional security.
(32) The documentary credit provides financial security to the seller by assuring payment.
(33) The documentary credit ensures that the seller will receive payment in a timely manner.
(34) The documentary credit was valid for shipment within 30 days from the date of issuance.
(35) The documentary credit was payable at sight upon presentation of the required documents.
(36) The documentary credit is a widely accepted method of payment in international commerce.
(37) The documentary credit was subject to the terms and conditions specified in the contract.
(38) The documentary credit was established to ensure secure international trade transactions.
(39) The documentary credit provides a secure and efficient method of payment in global trade.
(40) The documentary credit is an essential component of international supply chain management.
Documentary Credit meaningful sentence
(41) Banks carefully examine the terms and conditions of a documentary credit before issuing it.
(42) The documentary credit is an essential component of the international trade finance system.
(43) The documentary credit provides a level of trust and security in international trade deals.
(44) The documentary credit is commonly used in the purchase of raw materials and finished goods.
(45) The documentary credit ensures that the seller will receive payment even if the buyer defaults.
(46) The documentary credit is an essential tool for mitigating payment risks in cross-border trade.
(47) The documentary credit is often used when there is a lack of trust between the parties involved.
(48) The documentary credit was transferred to the advising bank for notification to the beneficiary.
(49) The documentary credit provides peace of mind to both buyers and sellers in international trade.
(50) The documentary credit is a legally binding agreement between the buyer, seller, and issuing bank.
Documentary Credit sentence examples
(51) The documentary credit ensures that the seller will be paid even if the buyer defaults on payment.
(52) The documentary credit ensures that the seller will be paid upon presenting the required documents.
(53) The documentary credit is issued by a bank on behalf of the buyer to guarantee payment to the seller.
(54) The documentary credit guarantees payment to the exporter upon presentation of the required documents.
(55) The documentary credit is commonly used in global trade to minimize risks for both buyers and sellers.
(56) The documentary credit is commonly used in the purchase of goods and services from overseas suppliers.
(57) The documentary credit is often used in transactions involving multiple parties and complex logistics.
(58) The documentary credit is a widely recognized and accepted method of payment in the global marketplace.
(59) The documentary credit is an important instrument for promoting international trade and economic growth.
(60) The documentary credit is an important tool for mitigating the risks associated with international trade.
Sentence with documentary credit
(61) The documentary credit is an effective way to facilitate smooth and efficient international transactions.
(62) The documentary credit is governed by the rules and regulations of the International Chamber of Commerce.
(63) The documentary credit is often used in import-export transactions to facilitate smooth trade operations.
(64) The documentary credit is an effective way to minimize payment disputes and delays in global transactions.
(65) The documentary credit is widely recognized as a reliable payment method in the global business community.
(66) The documentary credit guarantees that the seller will receive payment upon fulfilling the agreed-upon terms.
(67) The documentary credit was irrevocable and could not be cancelled without the consent of all parties involved.
(68) The documentary credit is subject to strict compliance with the terms and conditions outlined in the agreement.
(69) The documentary credit is often used in high-value transactions to protect the interests of all parties involved.
(70) The documentary credit plays a crucial role in facilitating smooth and reliable international trade transactions.
(71) The documentary credit ensures that the seller will receive payment as long as the required documents are presented.
Documentary Credit meaning
Documentary credit, also known as a letter of credit, is a widely used financial instrument in international trade transactions. It provides a secure method of payment for exporters and importers, ensuring that both parties fulfill their obligations. Understanding how to use the term "documentary credit" in a sentence correctly is crucial for effective communication in the business world. Here are some tips on how to incorporate this phrase into your writing:
1. Define the term: When introducing the phrase "documentary credit" in a sentence, it is essential to provide a brief explanation of its meaning.
For example, "A documentary credit, commonly referred to as a letter of credit, is a payment mechanism used in international trade."
2. Contextualize its purpose: To enhance clarity, it is helpful to provide context about why documentary credits are used. For instance, "Exporters often rely on documentary credits to ensure they receive payment for their goods or services, mitigating the risk of non-payment."
3. Highlight its benefits: Emphasize the advantages of using documentary credits to demonstrate their importance. For instance, "Documentary credits provide a level of security for both buyers and sellers, as they guarantee payment upon the fulfillment of specified conditions."
4. Explain the process: Elaborate on how documentary credits work to provide a comprehensive understanding.
For example, "When an exporter and importer agree to use a documentary credit, the importer's bank issues a letter of credit to the exporter's bank, guaranteeing payment upon the submission of required documents."
5. Provide examples: Incorporate examples to illustrate the usage of documentary credits in real-life scenarios. For instance, "An exporter shipping goods to a foreign buyer may request a documentary credit to ensure they receive payment before the goods are released to the importer."
6. Discuss variations: Mention different types or variations of documentary credits to showcase your knowledge.
For example, "There are various types of documentary credits, including revocable and irrevocable credits, confirmed and unconfirmed credits, and transferable and non-transferable credits."
7. Address potential challenges: Acknowledge any potential issues or challenges associated with documentary credits. For instance, "While documentary credits provide security, they can also be complex and time-consuming, requiring careful attention to detail and adherence to specific documentation requirements."
8. Highlight legal aspects: Mention any legal considerations related to documentary credits, such as the Uniform Customs and Practice for Documentary Credits (UCP 600), which provides guidelines for their use.
For example, "To ensure smooth transactions, parties involved in documentary credits should adhere to the rules and regulations outlined in the UCP 600."
9. Discuss alternatives: Briefly mention alternative payment methods or instruments that can be used instead of documentary credits.
For example, "In addition to documentary credits, other payment methods commonly used in international trade include open account arrangements, cash in advance, and documentary collections."
10. Conclude with a summary: Summarize the importance and relevance of documentary credits in international trade.
For example, "
In conclusion, documentary credits play a vital role in facilitating secure and efficient international trade transactions, providing assurance to both exporters and importers." By following these tips, you can effectively incorporate the term "documentary credit" into your writing, ensuring clear and accurate communication in the context of international trade.
The word usage examples above have been gathered from various sources to reflect current and historical usage of the word Documentary Credit. They do not represent the opinions of TranslateEN.com.