01 Мар. 2014 г.|
Standby letter of credit
Standby LC is a sign of good faith in commercial transactions and is proof of a buyer’s financial credibility and repayment abilities.
Standby LC is commonly used in commodity business, like to acquire merchandise from a local supplier or international exporter.
The guarantee format provided by the beneficiary will specify whether you should apply for a Banker’s Guarantee or Standby Letter of Credit.
SBLC can also serve as a security to avail credit lines and is ideal for business organization that plans to expand their business and does not want to utilize their assets. Upon receipt of documents and SBLC charges, BWT will proceed right away and will request their bank to establish and transmit a Standby Letter of Credit via authenticated swift MT-760 to the supplier’s bank.
Funding to This article standby letter of credit sample in swift format with detailed explanations for trade professionals.
If the payment never comes (and a standby letter of credit was used) Jul 13, 2012 - Sample texts.