Monday, 17 February 2020

Royal Bank Pacific - Letter of credit

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When we make a promise to someone we make sure to deliver it whether it is a service to be provided or a product to be delivered. But ther...

Usance letter of credit

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Usance letter of credit is also referred to as deferred payment letter of credit. Under this payment method, payment is undertaken by the ...
Friday, 14 February 2020

Standby letter of credit

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Letters of credit has been widely used in various trade finances, especially in the cases where the buyer and the seller are not known to ...
Thursday, 6 February 2020

Usance Letter of Credit - Knowing the types and the uses

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A letter of credit is a term of payment that is mostly used for both international and long-distance commercial transactions. They seem to...
Monday, 3 February 2020

Letters of Credit – Revealing its advantages and disadvantages

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Exporting is always associated with several risks among which non-payment of foreign buyer is the most common one. To mitigate these ...
Thursday, 30 January 2020

Usance Letter of Credit – What you should know on it

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Usance letter of credit has been given different names like Time LC, deferred letter of credit or Term LC. As you open a usance LC or a de...
Wednesday, 29 January 2020

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

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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 ...