Definition A standby letter of credit, abbreviated as SBLC, refers to a legal document where a bank guarantees the payment of a specific amount of money to a seller if the buyer defaults on the … [Read more...] about Stand-by Letter of Credit
Arbitration award
International commercial arbitration
Definition International arbitration institute, known as international commercial arbitration, is the most widely used out-of-court instrument in the world for the settlement of international trade … [Read more...] about International commercial arbitration