Key Differences Between Bank Guarantee (BG) and Letter of Credit (LC)
Introduction: 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 differences between a Bank Guarantee and a Letter of Credit, […]
Key Differences Between Bank Guarantee (BG) and Letter of Credit (LC) Read More »