In foreign trade, 'Unfreeze' typically refers to lifting the frozen status of letters of credit, funds, goods, or accounts to restore normal circulation or operation. Common scenarios include: banks unfreezing L/C deposits or frozen funds at the applicant's request; customs or courts releasing seized goods; buyers and sellers negotiating to unfreeze payment previously suspended due to disputes. When using this term, note: unfreezing usually requires written instructions or legal documents and may involve fees or delays; unlike 'Cancel', unfreezing only restores the original state without changing the substance of the transaction; compared with 'Release', unfreezing emphasizes recovery from a restricted state. Foreign trade practitioners should clarify the conditions, responsible parties, and timing of unfreezing to avoid delays in delivery or payment collection caused by unfreezing delays.
📝 Examples
1. The buyer has paid the full amount as per the contract. Please unfreeze the deposit under this letter of credit as soon as possible so that we can arrange shipment. (Note: The bank unfreezes the deposit to facilitate shipment.)
2. As both parties reached a settlement, the court has ordered the unfreezing of the seized goods, and shipment is expected to be arranged next week. (Note: Legal procedures unfreeze goods to resume transportation.)
💡 Foreign Trade Tips
Foreign trade terms are the foundation of international business communication
Trade practices may vary slightly by country; pay attention when using them
When using terms in contracts, specify the applicable version (e.g., Incoterms 2020)
For unfamiliar terms, use GlobalSync's multilingual email helper to confirm with your partner