If you are in the import or export business, it is very important to know the difference between a letter of guarantee and a letter of credit.
Read moreIn some cases, laws prevailing in the beneficiary’s county require that a local bank issues a letter of guarantee in its favour, or the L/G beneficiary wants its commercial bank to issue it a letter of guarantee.
Read moreAdvising about letters of guarantee is a notification to the beneficiary that a letter of guarantee has been issued in its favour, or that a change to the letter of guarantee has been made.
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