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Showing posts with label
what is a stand by letter of credit
.
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Showing posts with label
what is a stand by letter of credit
.
Show all posts
Sunday, July 11, 2021
Stand by Letter of Credit
Stand by Letter of Credit
Standby letter of credit is generally referred to a legal document where bank give the commitment of payment to seller that if due to any default reason buyer fails to make payment, we will ensure this specific amount of money will be paid
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