Dear friends,
Much has been said about Standby L/C on this forum, today I have to face it on the ground. Can anybody send me samples of SBLC.
We are a manufacturer and moving our production unit temporarily to the site, for which we asked customer to establish SBLC. Customer's bank rate is high risk bank. Do we need it got confirmed, can SBLCs be confirmed anyway?
My e-mail: bagero007@gmail.com
Thank you in advance,
Standby
You need to be speaking to your bankers about this - they can provide a suitable wording that is enforceable in your country/jurisdiction and provide expert advice to protect you. There is no generic wording and each case is different.
Yes, Standby's can be confirmed by the advising bank.