Standby Letter of Credit
Provide your supplier with a guarantee of payment.
Provide your supplier with a guarantee of payment. This is an instrument adapted to continuous transaction flows, such as regular imports of parts. The standby letter of credit is a guarantee. It is claimed only in case of default. As such, all documents are directly addressed to you so that you can take delivery of your goods faster. The interpretation of documents is done following the UCP 600 of the International Chamber of Commerce.