SBLC Rules & Compliance — ISP98, MT760, UCP600
SBLC Rules & Compliance — ISP98, MT760, UCP600 Explained Introduction: Understanding the Foundation of Global Trade Finance: In the dynamic world of international trade and project funding, Standby Letters of Credit (SBLCs) have become essential financial instruments as well as reliable safeguards for global transactions. In addition, by guaranteeing payment, they help reduce risks and […]
Differences between Export Letters of Credit (LC) and Import Letters of Credit (LC)
Differences between Export Letters of Credit (LC) and Import Letters of Credit (LC) Importers and exporters across borders widely use Letters of Credit (LC) to facilitate secure and reliable transactions While both export LC and import LC serve a similar purpose of ensuring payment in trade transactions, there are key differences between the two. This […]