Standby Letter Of Credit (SBLC/SLOC) SBLC (Standby Letter Of Credit)-Grand City Investment Limited WHAT IS AN SBLC (STANDBY LETTER OF CREDIT) ? A standby letter of credit (SBLC) is a guarantee of payment issued by a bank on behalf of a client that is used as “payment of...
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...
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...
