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Standby Letter of Credit – Is it a backup plan for ensuring payment(Blogspot)

Standby Letter of Credit – Is it a backup plan for ensuring payment(Blogspot)

Submitted by • February 1, 2020 royalbankpacific.blogspot.com

You can’t deny the fact that things may go wrong anytime during any transactions and hence standby letters of credit are kept in place to add a safety net on payments and transactions. Regardless of whether the fee charged is for the shipment of physical goods or a standby letter of credit, a standby letter of credit can always a wise and smart option for a buyer and a seller.

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