A transferable letter of credit is a letter of credit that allows the first beneficiary to transfer some or all of the credit to another party, creating a secondary beneficiary. The party that ...

A letter of credit guarantees payment to sellers in international trade. Not all letters of credit are transferable; terms vary. Letters of credit differ from lines of credit, mainly not involving ...

A performance letter of credit is a document put into use in a situation where your business is buying from a supplier. The performance letter of credit is assurance to the seller that the bank ...