Letters of credit has been widely used in various trade finances, especially in the cases where the buyer and the seller are not known to each other, are living in different countries or have different laws to trade. One such letter of credit is Standby credit.
Standby letter of credit (SBLC/SLOC)wix
Letters ofcredit has been widely used in various trade finances, especially in the caseswhere the buyer and the seller are not known to each other, are living indifferent countries or have different laws to trade. One such letter of creditis Standby credit.
