UCP 600-Uniform Customs and Practice for Documentary Credits eUCP 600 (Version 2) The ICC recently issued a supplement on the latest eRules for the Uniform Customs & Practice for Documentary Credits (eUCP 600). This is the second version (V2.0). Here, we summarise the key changes in the eUCP...
Standby Letter Of Credit (SBLC/SLOC) [caption id="" align="alignnone" width="778"] Standby Letter of Credit (SBLC) overview[/caption] Issued by: Grand City Investment Limited What is an SBLC? A Standby Letter of Credit (SBLC) is a bank-issued payment guarantee that serves as a safety net for businesses, ensuring payment if a client...
What Is BG/SBLC/SLOC and How Does BG SBLC Funding Work? Standby Letter of Credit (sblc / sloc) and bank guarantee (bg) are bank financial instrument that is issued by a financial institution such as a bank. These financial instruments can be used to obtain loan or...
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