Open Letter Of Credit in a sentence
Synonym: credit guarantee.
Meaning: A financial instrument that guarantees payment to a seller.
(1) The open letter of credit ensured timely payment to the exporter.
(2) The bank issued an open letter of credit on behalf of the importer.
(3) The buyer's bank confirmed the validity of the open letter of credit.
(4) The open letter of credit protected the buyer from fraudulent sellers.
(5) The open letter of credit provided a guarantee of payment to the seller.
(6) The open letter of credit provided peace of mind to both parties involved.
(7) The seller's bank confirmed the authenticity of the open letter of credit.
(8) The exporter requested an open letter of credit to mitigate payment risks.
(9) The open letter of credit reduced the risk of non-payment for the exporter.
(10) The open letter of credit served as proof of the buyer's commitment to pay.
Open Letter Of Credit sentence
(11) The supplier insisted on an open letter of credit to ensure timely payment.
(12) The buyer's bank reviewed the open letter of credit and approved it for use.
(13) The buyer requested an open letter of credit to ensure payment to the seller.
(14) The exporter was able to secure financing based on the open letter of credit.
(15) The open letter of credit provided security for both the buyer and the seller.
(16) The seller presented the open letter of credit to their bank for verification.
(17) The supplier required an open letter of credit to protect against non-payment.
(18) An open letter of credit is a financial instrument used in international trade.
(19) The company requested an open letter of credit to facilitate international trade.
(20) The seller relied on the open letter of credit to receive payment for their goods.
Open Letter Of Credit make sentence
(21) The customer's bank confirmed the open letter of credit, securing the transaction.
(22) The buyer's bank issued an open letter of credit to protect the buyer's interests.
(23) The open letter of credit provided a guarantee of payment for the goods delivered.
(24) The exporter was pleased to receive an open letter of credit from the buyer's bank.
(25) The buyer's bank confirmed the availability of funds for the open letter of credit.
(26) The exporter was able to negotiate favorable terms due to the open letter of credit.
(27) The buyer's bank confirmed the open letter of credit, ensuring the seller's payment.
(28) The open letter of credit allowed the buyer to import goods without upfront payment.
(29) The seller was relieved to receive an open letter of credit, ensuring prompt payment.
(30) The buyer's bank issued an open letter of credit to secure the purchase of the goods.
Sentence of open letter of credit
(31) The bank issued an open letter of credit to guarantee payment for the imported goods.
(32) The buyer's bank confirmed the open letter of credit to assure the seller of payment.
(33) The seller was relieved to have an open letter of credit in place for the transaction.
(34) The exporter insisted on receiving an open letter of credit before shipping the goods.
(35) The buyer's bank informed them about the expiration date of the open letter of credit.
(36) The terms and conditions of the open letter of credit were agreed upon by both parties.
(37) The open letter of credit allowed the buyer to receive the goods before making payment.
(38) The open letter of credit allowed the buyer to purchase goods from different suppliers.
(39) The supplier insisted on an open letter of credit to protect against non-payment risks.
(40) The exporter requested an open letter of credit to safeguard against non-payment risks.
Open Letter Of Credit meaningful sentence
(41) The buyer's bank advised them on the necessary steps to obtain an open letter of credit.
(42) The importer's bank advised them to obtain an open letter of credit for the transaction.
(43) The customer's bank reviewed and approved the open letter of credit for the transaction.
(44) The buyer's bank issued an open letter of credit to guarantee the purchase of the goods.
(45) The supplier insisted on an open letter of credit to protect against any payment issues.
(46) The seller was confident in shipping the goods after receiving the open letter of credit.
(47) The exporter insisted on receiving an open letter of credit before shipping the products.
(48) The bank issued an open letter of credit to guarantee payment for the imported machinery.
(49) The customer provided an open letter of credit to secure the purchase of the merchandise.
(50) The open letter of credit provided a sense of security for both the buyer and the seller.
Open Letter Of Credit sentence examples
(51) The buyer's bank issued the open letter of credit in the currency specified by the seller.
(52) The seller's bank confirmed the open letter of credit, guaranteeing payment upon delivery.
(53) The seller's bank confirmed the open letter of credit, guaranteeing payment upon shipment.
(54) The open letter of credit facilitated smooth transactions between the buyer and the seller.
(55) The open letter of credit allowed the buyer to receive the goods before making the payment.
(56) The exporter was pleased to receive an open letter of credit, ensuring a smooth transaction.
(57) The buyer's bank confirmed the open letter of credit, providing peace of mind to the seller.
(58) The open letter of credit was irrevocable and could not be canceled without mutual agreement.
(59) The buyer's bank issued an open letter of credit to facilitate the purchase of raw materials.
(60) The open letter of credit served as a financial instrument to facilitate international trade.
Sentence with open letter of credit
(61) The buyer's bank honored the open letter of credit upon presentation of the required documents.
(62) The exporter presented the open letter of credit to their bank to initiate the payment process.
(63) The supplier agreed to proceed with the order after receiving the buyer's open letter of credit.
(64) The importer's bank recommended obtaining an open letter of credit for a smooth purchase process.
(65) The importer's bank advised them to apply for an open letter of credit to secure the transaction.
(66) The company's financial department prepared an open letter of credit for the upcoming transaction.
(67) The seller was relieved to receive an open letter of credit as it reduced the risk of non-payment.
(68) The company's financial advisor recommended using an open letter of credit for international trade.
(69) The seller's bank verified the buyer's creditworthiness before accepting the open letter of credit.
(70) The importer's bank advised them to obtain an open letter of credit to ensure a successful purchase.
Use open letter of credit in a sentence
(71) The seller's bank reviewed and approved the open letter of credit, ensuring payment upon completion.
(72) The buyer's bank reviewed and approved the open letter of credit, ensuring a successful transaction.
(73) The buyer's bank reviewed the terms and conditions of the open letter of credit before approving it.
(74) The seller's bank verified the authenticity of the open letter of credit before releasing the goods.
(75) The buyer's bank advised them on the necessary documentation required for the open letter of credit.
(76) The open letter of credit provided a mechanism to resolve disputes between the buyer and the seller.
(77) The bank reviewed the open letter of credit to ensure compliance with international trade regulations.
(78) The seller was required to comply with the terms and conditions outlined in the open letter of credit.
(79) The exporter was able to negotiate better terms with their suppliers due to the open letter of credit.
(80) The company's financial advisor suggested using an open letter of credit for secure international trade.
Sentence using open letter of credit
(81) The seller was relieved to have an open letter of credit as it protected them against non-payment risks.
(82) The buyer's bank required the seller to provide a performance bond along with the open letter of credit.
(83) The buyer's bank informed them about the fees associated with the issuance of the open letter of credit.
(84) The exporter's bank confirmed the authenticity of the open letter of credit before processing the payment.
(85) The seller's bank advised them on the necessary steps to claim the payment under the open letter of credit.
(86) The open letter of credit ensured that the seller would be paid upon fulfilling the contractual obligations.
(87) The exporter's bank reviewed the open letter of credit to ensure compliance with international trade regulations.
Open Letter Of Credit meaning
Open Letter of Credit: Tips for Usage in Sentences An open letter of credit is a financial instrument used in international trade to facilitate secure transactions between buyers and sellers. It is a guarantee issued by a bank on behalf of the buyer, assuring the seller that payment will be made upon the fulfillment of certain conditions. To help you understand and use the term "open letter of credit" effectively in sentences, we have compiled a comprehensive guide with tips and examples.
1. Define the term: Begin by providing a clear definition of an open letter of credit. For instance, "An open letter of credit is a financial document issued by a bank, guaranteeing payment to a seller once specific conditions are met in an international trade transaction."
2. Contextualize the usage: Explain the purpose and significance of an open letter of credit in the specific scenario you are discussing.
For example, "In the context of global trade, an open letter of credit acts as a safeguard for both buyers and sellers, ensuring that payment is made only when the agreed-upon terms and conditions are fulfilled."
3. Highlight benefits and advantages: Emphasize the advantages of using an open letter of credit in international trade. For instance, "Using an open letter of credit provides sellers with a secure payment method, reducing the risk of non-payment and ensuring timely receipt of funds."
4. Discuss the process: Describe the steps involved in establishing an open letter of credit.
For example, "To initiate an open letter of credit, the buyer must first approach their bank and provide the necessary documentation, including details of the transaction, terms and conditions, and the amount to be covered."
5. Explain the role of the bank: Elaborate on the bank's role in issuing and managing the open letter of credit. For instance, "The bank acts as an intermediary, verifying the buyer's creditworthiness and ensuring that the seller's conditions are met before releasing payment."
6. Provide examples: Offer sample sentences that demonstrate the correct usage of the term.
For example, "The exporter requested an open letter of credit to ensure payment upon successful delivery of the goods."
7. Clarify related terms: If necessary, explain related terms such as "confirmed letter of credit" or "irrevocable letter of credit" to provide a comprehensive understanding of the topic.
8. Address common misconceptions: Address any misconceptions or confusion surrounding the term.
For example, "Contrary to popular belief, an open letter of credit is not the same as a bank guarantee, as it specifically relates to international trade transactions."
9. Discuss alternatives: Briefly mention alternative payment methods or financial instruments that can be used instead of an open letter of credit, such as documentary collections or cash in advance.
10. Conclude with a summary: Recap the main points discussed and reiterate the importance of using an open letter of credit in international trade. By following these tips, you can effectively incorporate the term "open letter of credit" into your writing, ensuring clarity and accuracy in your sentences.
The word usage examples above have been gathered from various sources to reflect current and historical usage of the word Open Letter Of Credit. They do not represent the opinions of TranslateEN.com.