Letters of Credit

The International Chamber of Commerce (ICC) Banking Commission has released its 2017 Trade Register report—Global Risks in Trade Finance. The report reveals the low-risk nature of transactions that support global… read more →

At Trade Finance Global we get asked a lot of questions around Letters of Credit, so we’ve put together a quick cheat sheet on LCs, payment times and the presentation… read more →

What is a Standby Letters of Credit? A Standby Letter of Credit (SLOC) is seen as a financial guarantee and is used regularly in cross border trades. It is important… read more →

What is the difference between Red Clause and Green Clause Letters of Credit? Definition and explanation of Red and Green LCs by Trade Finance Global

There are a number of difficulties with using a Letter of Credit, but they are one of the most widely used instruments for trade. Letters of credit are used in… read more →

What is the procedure by the beneficiary banks (not a negotiating bank) if there is a restricted Letter of Credit (LC)? The bank could tell the beneficiary to present documents… read more →

Letters of Credit (LCs) are instruments which guarantee sellers payment if certain terms and conditions are met. They are frequently used in international transactions and have many different types. We… read more →

What is the difference between a Bank Guarantee and a Letter of Credit? Bank Guarantees and Letters of Credit (LCs) are used in trade to carry out international transactions. LCs… read more →

At Trade Finance Global, we’re regularly asked what wording to follow in a trade finance transaction. Such guidance can be found in the UCP 600, which is the Uniform Customs… read more →