Difference Between SBLC (Standby Letter of Credit) and BG (Bank Guarantee):
Instruments like SBLC and BG are essential for maintaining trust between parties and safeguarding transactions in international trade and finance. Although they both function as financial assurances and are provided by banks, SBLC and BG have different uses and unique attributes. To comprehend their distinctions, let’s get into the finer points: Standby Letter of Credit […]