Bank Guarantees (BG) and Standby Letters of Credit (SBLC) are essential financial instruments used to secure transactions and build trust in international trade. A BG serves as a commitment from a bank to cover the obligations of a client if they fail to meet agreed terms, providing assurance to the beneficiary. On the other hand, an SBLC acts as a safety net, ensuring payment or perf... https://www.ganarltd.com/business-loan/bg-sblc.html