The Shift Away from Non-Transferable Letters of Credit
Letters of Credit (LCs) have long been a staple of international trade, providing assurance to both buyers and sellers in transactions. Among the different types of LCs, Standby Letters of Credit (SBLC) and Documentary Letters of Credit (DLC) have been commonly used. However, there has been a noticeable shift away from non-transferable LCs among trading […]
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