Unlocking the Benefits of Documents Against Payment: A Comprehensive Guide Payment Security is a must, especially in international trade. This is where Documents Against Payment (D/P) becomes very important. In this comprehensive guide, we will take a look at the aspects of D/P, its benefits, and its potential to streamline your transactions. D/P Payment is […]
Merchant International Bank Limited
What are the Advantages and Disadvantages of Performance Guarantee? In any agreement entered into, be it in construction, manufacturing, or even in services, performance guarantees are among the most significant tools. They make sure that one party fulfils their obligations as stated in the agreement, thus securing the other party’s interests. However, just as with […]
Discover how a performance bond guarantee can provide investors with peace of mind, reduce risks, and ensure the completion of construction projects according to contractual requirements.
Key Differences Between Bank Guarantees (BG) and Letter Of Credit (LC) Two widely utilised financial instruments are the Bank Guarantee (BG) and the Letter of Credit (LC). Although both are designed to safeguard the interests of the parties in a transaction, they have distinct purposes, functions, and applicable scenarios. This blog delves into the main […]
Features and Benefits of a Letter Of Credit Introduction: A Letter of Credit as a protective measure for both buyers and sellers, ensuring that deals are carried out efficiently, even in international contexts where varying legal frameworks and trading customs are present. This blog will delve into the essential characteristics and advantages of a Letter […]
What is a Performance Bond And How Does it Works? Introduction In the world of business and construction, ensuring that projects are completed as agreed is crucial. Performance bonds play a key role in providing this assurance. But what exactly is a performance bond, and how does it work? This blog will delve into the […]
What is the Function of the Standby Letter of Credit? All About the Standby Letter of Credit and Its Advantages Introduction One such powerful tool is the Standby Letter of Credit (SBLC). This financial instrument provides a safety net for transactions, ensuring that obligations are met and payments are made even in cases of default. […]
Merchant International Bank Limited (MIBL) works as a facilitator and seeks and arranges trade credit banking facilities for its clients.