Stand By Letter Of Credit

Stand By Letter Of Credit

N&K Business Experts is one of the most trusted growing trade finance solution providers in Tanzania, Africa and to the world who is here to help you keep your supply chain moving smoothly in order to lead you to business growth.

What is a Stand By Letter Of Credit?

SBLC or a Stand By Letter of Credit is a payment guarantee issued by a bank or financial institution that can be used for a wide range of commercial and financial transactions, local or international. This can be very helpful in protecting the seller or exporter and the buyer or the importer in getting paid and receiving ordered goods as in agreed conditions. SBLC is a direct guarantee of the bank to pay the recipient on a client’s behalf if he or she defaults. Some of the most common situations an SBLC is used in are repayment of trade loans, delivery of goods on an open account basis, or securing payment for goods/ services delivered by third parties.

Fast Growing and Trusted Stand By Letter Of Credit Service

With years of experience in the industry, at N&K Business Experts we are experts in offering reliable SBLC services for businesses of all industries and all sizes. Get in touch with us today with your inquiry.

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