Logo

Simplified Trade Finance

Articles On Trade Finance

Trade Advice
SBLC Standby Letter of Credit Meaning & The complete guide to its process

SBLC | Standby Letter of Credit | Meaning & The complete guide to its process

‘Standby Letter of Credit (SBLC) is a type of letter of credit (LC) where the issuing bank commits to pay to the beneficiary if the applicant fails to make the payment. Read More

Trade Advice
Types of Letter of Credit

Types of Letter of Credit

There are several types of letter of credit which are used by businesses for International or Domestic trade transactions. It is important to understand these types and their purpose, to use the appropriate letter of credit for your trade transaction. Read More

Trade Advice
Back to Back Letter of Credit

What is a Back to Back Letter of Credit?

When a transaction takes place between a buyer and a seller keeping an intermediary in the loop, the type of LC used in such cases is known as 'Back to Back letter of credit'. In this article get a complete understanding of what is a Back to Back LC, how it works with an example, its format, terms & conditions and associated risks. Read More

Trade Advice
Sight Letter of Credit (LC) Meaning & the Complete process

LC at Sight | Meaning & Complete process

A sight letter of credit is a document which stands as a proof of payment in return of the goods or services to be released for the transportation by the seller. Once the goods or services reach the buyer, the buyer has to pay the financial institution that provided the Sight LC. Read More

Trade Advice
Payment Options + Risks

Export Payment Terms | Listing Safest mode of Payments in International trade

From open account to cash advances, there exist a range of options to facilitate payment between an exporter and their buyer. Each has its own advantages -- and risks. Read More