信用证是银行根据申请人(即进口方)的要求,向受益人(即出口方)开立的一种有条件的书面支付凭证,即开证行保证在收到受益人交付全部符合信用证规定的单据的条件下,向受益人或其指定人履行付款的承诺。它将买卖双方的商业信用转化为银行信用,目前是国际结算中运用得最多的结算工具。 Letter of credit is the bank according to the applicant (that is, importers) requirements, to the beneficiary (ie, the exporter) to open a conditional written payment voucher that the issuing bank to ensure the receipt of the beneficiary to deliver all in line with the letter of credit Under the conditions of the prescribed documents, to fulfill the promise of payment to the beneficiary or his designee. It converts the commercial credit of buyers and sellers into bank credit, which is currently the most widely used settlement instrument in international settlements.