Trade Finance includes a wide range of financial tools – Letter of Credit or Standby LC. Further, these trade finance facilities help importers and exporters to secure their domestic and...
You can find few similarities between Letter of Credit vs Bank Guarantee. But actually, both MT700 & MT760 serve different purposes by acting as separate Bank Instruments.
A South African trader who supplies Urea globally got a contract from different buyers all over the world. To secure their trade deal, each buyer demands Performance Guarantee. Since the...
A South Korean trader got a contract for the supply of crude oil in huge quantity in barrels. They came across a reliable supplier in Saudi Arabia. The supplier demanded...
