A Standby Letter of Credit (SBLC) is often a legal document that guarantees a bank’s commitment of payment to some seller in the event the buyer-or the bank’s client-defaults around the agreement. A standby letter of credit helps facilitate international trade between businesses that don’t Read More

A Standby Letter of Credit (SBLC) is often a legal document that guarantees a bank’s commitment of payment with a seller in the event the buyer-or the bank’s client-defaults for the agreement. A standby letter of credit helps facilitate international trade between companies which don’t Read More