Red Clause Letter of Credit

Red Clause Letter of Credit

MeaningA red clause letter of credit is a specific type of letter of credit in which the buyer can extend the facility of advance… Read Article
LC-Vs.-SBLC

LC Vs. SBLC

The regular letter of credit and standby letter of credit (LC & SBLC) are payment instruments used in international trade. However, there are some… Read Article
Confirmed Letter of Credit

Confirmed Letter of Credit

Confirmed Letter of Credit – MeaningA confirmed letter of credit is a letter of credit in which the seller or exporter has a payment… Read Article
Transferable Letter of Credit

Transferable Letter Of Credit

Definition of Transferable Letter of CreditA transferable Letter of Credit is a credit facility in which the first beneficiary has the right to pass… Read Article
Standby Letter of Credit

Standby Letter of Credit

Definition of Standby Letter of CreditA Standby Letter of Credit is a document that provides a guarantee to the beneficiary that, if due to… Read Article
Back to back LC

Back-To-Back Letter of Credit

Back-to-Back Letter of Credit DefinitionBack-to-Back Letter of Credit is a negotiable instrument in which the seller gets a Letter of Credit from the buyer,… Read Article