Guide to Using a Standby Letter of Credit in Trade Finance | Practical Law

Guide to Using a Standby Letter of Credit in Trade Finance | Practical Law

A Practice Note providing a guide to using a standby letter of credit in an international trade and trade finance transaction. This Note discusses issues to consider and practical considerations at each step in the letter of credit process. It covers determining whether a standby letter of credit is the best trade finance tool for a commercial sale transaction, specifying the terms of the standby credit, and negotiating the reimbursement agreement, as well as the application, issuance, and payment process.

Guide to Using a Standby Letter of Credit in Trade Finance

Practical Law Practice Note w-022-7926 (Approx. 13 pages)

Guide to Using a Standby Letter of Credit in Trade Finance

by Practical Law Finance
MaintainedUSA (National/Federal)
A Practice Note providing a guide to using a standby letter of credit in an international trade and trade finance transaction. This Note discusses issues to consider and practical considerations at each step in the letter of credit process. It covers determining whether a standby letter of credit is the best trade finance tool for a commercial sale transaction, specifying the terms of the standby credit, and negotiating the reimbursement agreement, as well as the application, issuance, and payment process.