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

A Green clause letter of credit is a type of letter of credit available for international trade. It is called the green clause letter… Read Article

Let’s discuss ‘Standby Letter of Credit vs Bank Guarantee,’ which is a common confusion in the minds of many. A standby letter of credit… Read Article

Letter of Credit Vs. Buyer’s Credit is a common confusion for many. Letter of credit and buyer’s credit are products offered by banks to… Read Article

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

A commercial letter of credit is the most common type of letter of credit in usage. In fact, it is commonly known as a… Read Article

Meaning of Deferred Letter of CreditA deferred Letter of Credit is a type of Letter of Credit in which the bank takes a conditional… Read Article

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

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 Letter of Credit DefinitionA back-to-back letter of credit is a financial instrument used in international trade to facilitate transactions between a buyer and… Read Article