Tag: Stand-by Letter of Credit
What are the Differences Between Standby Letters of Credit and Commercial Letters of Credit?
Standby letters of credit and commercial letters of credit are two main documentary credit types used in international trade transactions.
A standby letter of credit...
Types of Standby Letters of Credit
What are the Main Types of Stand-by Letters of Credit?
In this post after giving the standby letter of credit (SBLC) definition, we will have...
Stand-by Letters of Credit
Classification of Letters of Credit
Documentary credits, however named, have certain characteristics in common.
First of all, they are separate transactions by their nature from the...
Standby Letter of Credit Sample in Swift Format
A standby letter of credit is the bank's undertaking of fulfilling the applicant's obligations.
A standby letter of credit is issued as collateral and is...