Day: November 21, 2023

What is Standby Letter of Credit (SBLC)?

A Standby Letter of Credit (SBLC) can be a legal document that guarantees a bank’s commitment of payment to some seller if the buyer-or the bank’s client-defaults around the agreement. A standby letter of credit helps facilitate international trade between companies which don’t know one another and possess different legislation. Even though buyer is for

What is Standby Letter of Credit (SBLC)?

A Standby Letter of Credit (SBLC) is really a legal document that guarantees a bank’s commitment of payment with a seller if your buyer-or the bank’s client-defaults around the agreement. A standby letter of credit helps facilitate international trade between companies that don’t know the other and have different regulations. Even though buyer is definite