What is a Stand By Letter Of Credit?
SBLC or a Stand By Letter of Credit is a payment guarantee issued by a bank or financial institution that
can be used for a wide range of commercial and financial transactions, local or international.
This can be very helpful in protecting the seller or exporter and the buyer or the importer in getting paid
and receiving ordered goods as in agreed conditions. SBLC is a direct guarantee of the bank to pay the
recipient on a client’s behalf if he or she defaults. Some of the most common situations an SBLC is used in
are repayment of trade loans, delivery of goods on an open account basis, or securing payment for
goods/ services delivered by third parties.
Most Trusted Stand By Letter Of Credit Service in the UK
With years of experience in the industry, at Pacific Corp we are experts in offering reliable SBLC services
for businesses of all industries and all sizes. Get in touch with us today with your inquiry.
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