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A standby credit is only called upon in the event of failure to perform. Its function is, therefore, that of a guarantee.
Revolving Credit
This allows for the credit to be automatically reinstated under certain circumstances. It is normally used where shipments of the same goods are made to the same importer...
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A standby credit is only called upon in the event of failure to perform. Its function is, therefore, that of a guarantee.
Revolving Credit
This allows for the credit to be automatically reinstated under certain circumstances. It is normally used where shipments of the same goods are made to the same importer...
Essay fragment
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