This site uses cookies. Some of these cookies are essential to the operation of the site, while others help to improve your experience by providing insights into how the site is being used. For more information, please see the ProZ.com privacy policy.
Cookie settings
  1. KudoZ™ Top
  2. Chinese to English
  3. Law: Contract(s)

L/C延期的机会

English translation: By taking advantage of Deferred Payment Letter of Credit

07:23 Jun 4, 2011
Chinese to English translations [PRO]
Law: Contract(s)
Chinese term or phrase: L/C延期的机会
在"因此就借给L/C延期的机会，在新的L/C中加入诸多“软条款” ， 借给L/C延期的机会 是什么意思？
Tony Zhou
Local time: 04:03
English translation:By taking advantage of Deferred Payment Letter of Credit
Explanation:
Therefore by taking advantage of Deferred Payment Letter of Credit,the soft clauses can be added.

我的理解是，利用（将原来信用证）改成延期付款信用证的机会，可以增加一些软条款。

延期付款信用证是指：开证行指定一家银行在受益人提交与信用证条款相符的单据（不含汇票）时，于将来某日付款的信用证。


信用证中的软条款(Soft Clause)，在我国有时也称为“陷阱条款”（Pitfall Clause），是指在不可撤消的信用证加列一种条款，使出口商不能如期发货，据此条款开证申请人（买方）或开证行具有单方面随时解除付款责任的主动权，即买方完全控制整笔交易，受益人处于受制人的地位，是否付款完全取决于买方的意愿。 　　或者 　　软条款就是指开证申请人（进口商）在申请开立信用证时，故意设置若干隐蔽性的“陷阱”条款，以便在信用证运作中置受益人（出口商）于完全被动的境地，而开证申请人或开证行则可以随时将受益人至于陷阱而以单据不符为由，解除信用证项下的付款责任。
Selected response from:

Vivian Yuan
China
Local time: 05:03
Grading comment
4 KudoZ points were awarded for this answer



Summary of answers provided
4 +2took the opportunity of an extension of the letter of credit facility
Sharon Toh, MITI MCIL
3By taking advantage of Deferred Payment Letter of Credit
Vivian Yuan


  

Answers


2 hrs   confidence: Answerer confidence 4/5Answerer confidence 4/5 peer agreement (net): +2
took the opportunity of an extension of the letter of credit facility


Explanation:
I think that it is saying "就借此次L/C延期的机会". If my understanding is correct, then it means: As such, we took the opportunity of an extension of the letter of credit facility to include various 'soft provisions' in the new letter of credit.

Sharon Toh, MITI MCIL
Singapore
Local time: 05:03
Works in field
Native speaker of: Native in EnglishEnglish, Native in ChineseChinese
PRO pts in category: 24

Peer comments on this answer (and responses from the answerer)
agree  Luna Lou: i think it is correct
2 days 15 hrs
  -> Thanks
agree  shirley wang
2 days 20 hrs
  -> Thanks
Login to enter a peer comment (or grade)

3 days 5 hrs   confidence: Answerer confidence 3/5Answerer confidence 3/5
By taking advantage of Deferred Payment Letter of Credit


Explanation:
Therefore by taking advantage of Deferred Payment Letter of Credit,the soft clauses can be added.

我的理解是，利用（将原来信用证）改成延期付款信用证的机会，可以增加一些软条款。

延期付款信用证是指：开证行指定一家银行在受益人提交与信用证条款相符的单据（不含汇票）时，于将来某日付款的信用证。


信用证中的软条款(Soft Clause)，在我国有时也称为“陷阱条款”（Pitfall Clause），是指在不可撤消的信用证加列一种条款，使出口商不能如期发货，据此条款开证申请人（买方）或开证行具有单方面随时解除付款责任的主动权，即买方完全控制整笔交易，受益人处于受制人的地位，是否付款完全取决于买方的意愿。 　　或者 　　软条款就是指开证申请人（进口商）在申请开立信用证时，故意设置若干隐蔽性的“陷阱”条款，以便在信用证运作中置受益人（出口商）于完全被动的境地，而开证申请人或开证行则可以随时将受益人至于陷阱而以单据不符为由，解除信用证项下的付款责任。


    Reference: http://baike.baidu.com/view/90115.htm
    Reference: http://baike.baidu.com/view/1650154.htm
Vivian Yuan
China
Local time: 05:03
Specializes in field
Native speaker of: Native in ChineseChinese, Native in EnglishEnglish
PRO pts in category: 4
Login to enter a peer comment (or grade)



Login or register (free and only takes a few minutes) to participate in this question.

You will also have access to many other tools and opportunities designed for those who have language-related jobs (or are passionate about them). Participation is free and the site has a strict confidentiality policy.

Return to KudoZ list

KudoZ™ translation help

The KudoZ network provides a framework for translators and others to assist each other with translations or explanations of terms and short phrases.

See also:
ProZ.com term search
Search millions of term translations
Close search
Term search
  • All of ProZ.com
  • Term search
  • Jobs
  • Forums
  • Multiple search