The transferable credit is designed to meet the requirements of international trade. It enables a middleman who is receiving payment from a buyer under a documentary credit to transfer his claim under that credit to his own supplier. In this way he can carry out transactions with only a limited outlay of his own funds. A transferable credit may only be transferred once. The second beneficiary may not further transfer it unless there is an express provision to this effect in the original credit. This limit on transferability is intended to prevent abuse.
可转让信用证是为适合国际贸易的需要而设计的。它使在跟单信用证项下从买方收取货款的 中间商能够把自己信用证项下的权利转让给他 的供货商。这样，他就可以只凭开支有限的资金 而进行交易。可转让信用证只可转让一次。除 非原信用证有明确规定，第二受益人不可以再转 让信用证。这种对转让作出的限制是为了防止 滥用转让。
