Payment terms

  • SBLC/BG+TT – Standby Letter of Credit or Bank Guarantee (SBLC/BG MT760) as guarantee and wired transfer (TT, MT103) for payment. The SBLC is usually for the amount of one month shipment value.
  • (R)DLC – Non-transferable (Revolving) Documentary Letter of Credit (DLC, MT700 or MT710) as guarantee and payment. If revolving, the revolving value will be for one month’s shipment value.