The Standby Letter of Credit is a prominent payment technique used in international trade. But what is a Standby Letter of Credit (SBLC)? How is it different from a Letter of Credit? How do issuance and notification of a Standby Letter of Credit work? … This...
Before we talk about the advantages and disadvantages of using a Letter of Credit in International Transactions lets find out what A Letter of Credit Means. What Is a Letter of Credit? A letter of credit, or "credit letter" is a letter from a bank guaranteeing...
Bank Guarantee Meaning, Types, Uses, Advantages, Charges, Difference & Process. What is the Meaning of Bank Guarantee? A bank guarantee refers to a promise provided by a bank or any other financial institution that if a certain borrower fails to pay a loan, then the bank or the...
EXPORT DOCUMENTS Documents required for an international sale can vary significantly from transaction to transaction, depending on the destination and the product being shipped. At a minimum, there will be two documents: the invoice and the transport document. The buyer will usually provide the seller with...
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