信用证是有条件的银行担保,是银行应买方的要求和指示保证立即或将来某一时间内付给卖方一笔款项。
Letters of credit is conditional bank guarantee that Banks should be the buyer the requirements and instructions to guarantee a certain time or in the future to pay the seller a sum of money.
买方不再有义务或有责任向卖方提供任何贷款、预付款,或给予卖方信用的时间即为担保终止的生效时间。
No termination shall be effective until such time as Buyer is no longer committed or otherwise obligated to make any loans or advances, or to grant any credit to Seller.
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