Understanding the Difference Between Bank Guarantees (BG) and Standby Letters of Credit (SBLC) English: Bank Guarantee (BG): Standby Letter of Credit (SBLC): Key Differences: Français : Garantie Bancaire (BG) : Lettre de Crédit Standby (SBLC) : Principales Différences :
Difference Between LC and SBLC English : Letter of Credit (LC): Standby Letter of Credit (SBLC): Key Differences: Purpose: LC ensures the seller gets paid as long as terms are followed, while SBLC provides security for contract or loan obligations. Read more…
Incoterms are a set of international trade terms that define the responsibilities of sellers and buyers for the delivery of goods. They are used to avoid misunderstandings and clarify the costs, risks, and obligations of both parties in international transactions.