The key advantages

GUARANTEE AGAINST YOUR COMMERCIAL PARTNERS’ DEFAULTS

You are the exporter: The Stand-by Letter of Credit guarantees you payment for your commercial transactions. You are the importer: The Stand-by Letter of Credit guarantees you delivery or that the services will be provided in accordance with the terms of the contract.

WORLD-WIDE COVER In the same way as traditional bank guarantees, the Stand-by Letter of Credit covers numerous scenarios: tender guarantee, advance payment guarantee, performance guarantee, retention money  guarantee. Governed by the ICC Uniform Customs and Practices for Documentary Credits (ICC Publication  N° 500 ) , the Stand-by Letter of Credit is also governed by the International Standby Practices ( ISP 98–Publication N° 590-) which came into force on 1st January 1999. However the ISP 98 are not exclusive of the UCP., and both publications still currently coexist. Both of these publications have the advantage of providing an interpretation of the regulations that are common in the different countries which utilise Stand-by Letters of Credit. FAST TRANSACTION You gain time in your international commercial exchanges because your documents are only checked on an exceptional basis (in the event of your principal’s default).