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 …
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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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Trade finance in Singapore is the lubricant oiling the engines of SMEs as long as there is a supplier and a customer relationship. Trade financing in its simplest form is the activity where the exporter gets paid (or is guaranteed a payment) for the goods before shipping it to the importer. However, the importer …
As a SME owner, it is not uncommon for you to visit the banks. Particularly so when it comes to taking out commercial bank loans such as SME Working Capital Loan by EnterpriseSG or in-house business loans in Singapore. Businesses take out loans due to a variety of reasons, and business loans can come from several sources such …
