Commercial letters of credit (also known as traditional letters of credit or L/Cs) are used in relation to the movement of goods in the context of international or...
Standby letters of credit are a type of letter of credit. The common feature of all letters of credit is an undertaking by a bank to pay the beneficiary of the letter of...
The simplest form of a commercial letter of credit is an undertaking by a bank to pay the beneficiary of the letter of credit a specific sum within a specified time limit...
The International Chamber of Commerce (ICC) has developed standard rules and guidance to govern letters of credit. The key publications for commercial letters of credit...
[TO BE PRINTED ON THE HEADED PAPER OF THE ISSUING BANK] To: [insert name and address of beneficiary] Date: [insert date] Dear [insert organisation name] Standby letter of...
Standby letters of credit (also known as standby credits) are a type of letter of credit. They are used in similar circumstances to on demand guarantees or performance...
Commercial letters of credit (also known as traditional letters of credit or L/Cs) are used as a method of payment in the context of international and domestic trade. For...