What is the difference between a documentary L/C and a stand-by L/C?
In simple terms… a “documentary L/C” requires the beneficiary to submit certain documents prior to payment. A “stand-by L/C” is typically used as a guarantee. Please contact us for a more detailed explanation. Q: Does it matter what bank issues an L/C. A: Yes it does. An L/C issued by a top commercial bank is accepted more quickly than one issued by a small regional bank. Letters of Credit is a very broad subject. If you have further questions, please contact us to discuss your needs.
