Another prominent payment technique used in international trade is the Standby Letter of Credit. What is a Standby Letter of Credit (SBLC)? How is it different from a Letter of Credit? How do issuance and notification of a Standby Letter of Credit work? … This article provides the answers to these questions. We already know […]
Tag Archives | Documentary credit
Documentary credit process with a confirming bank
After the issue and the notification of a documentary credit, the next step is its actual processing. As we saw in a previous post – Documentary credit – Definition, main actors, how it works – the exporter’s bank can play two roles: 1) It may just notify the exporter that there is a documentary credit […]
Documentary credit process with a notifying bank
After the issue and notification of a documentary credit, the next step is its actual processing. As we saw in the previous post – Documentary credit – Definition, main actors, how it works – the exporter’s bank can play two roles: 1) It may just notify the exporter that there is a documentary credit in […]
Documentary credit – definition, main actors, how it works
Documentary credit, not to confuse with documentary collection, is the most used payment technique in international trade. It is therefore of particular interest for trade professionals. What is a documentary credit? How does it work? Who are the main actors involved in a documentary credit process? Read on to get the answers to these questions […]