Standby Letter Of Credit Contract
Publisher one
ƵSource file
Jurisdiction
England and WalesCost
Free to useType of legal document
📁 Standby letter of creditBusiness activity
Issue letter of creditA standby letter of credit is a type of financial guarantee that is typically used in international trade transactions. The standby letter of credit provides the buyer with a guarantee that if the seller does not perform according to the terms of the contract, the buyer will be able to draw on the letter of credit to obtain a refund.
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