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What are the Differences Between Bank Guarantees and Letters of Credit?

What are the Differences Between Bank Guarantees and Letters of Credit?

Demand guarantee is an irrevocable undertaking issued by a bank according to instructions received from the principal, to pay the beneficiary any sum that...
how does an import letter of credit workvideo

How Does an Import Letter of Credit Work in International Trade Transactions?

On this page, I will try to answer the question “How Does an Import Letter of Credit Work?” by explaining the import letter of...
letter of credit transactionvideo

Letter of Credit Transaction

On my previous posts, I have not only made a definition of a letter of credit, but also clarified its types and parties that involved...
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