Finnex Singapore

Trade Finance

Understanding the Key Differences & Utility between LC and SBLC

Earlier in our article on Trade Finance, we have mentioned the different types of letter of credit. Here, you will get to understand them deeper and the differences and key usage of between LC and SBLC.Both the regular letter of credit (LC) and standby letter of credit (SBLC) are payment instruments used in international trade.A …

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Import/Export Practices and Effective Uses of Letter of Credit

Given Singapore’s market dominance in the import/export trade, it has well-defined import/export procedures in place. Detailed below is an overview of the various aspects of trading in Singapore including opening a customs account, applying for licenses and permits, types of goods that can be imported/exported, taxes and fees, trade financing options, cargo clearance procedures, goods …

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