__%OpDaLSIq;42YrhE;jGT,3'@\ZLn^#':PdH)K[DUF:^mlQ"1t )R9fA/YB"'+'hW*\fBD`:=^qaSC@OXA2a*l+Qc?YH(Iug$SJUG$#in9:Ndspl9Y1^(!bg]+?d^-El^,dEO^C8BOlXMdl3R5%Ge\aUdak It is also risky because the simple terms of the SBLC with regards to a presentation or drawing requirement makes it difficult to stop an improper drawing. (qc#ZPUF;+:_rra!B[7C1*hZ7KO/X[\tlV'.UGutl[4DW;X[-K:LFq!^/I*9XRoe3 fkHFbB)>u`H^N,j2=`;/(;&,")/JX,Hf$`@GA_5Mg@"SdSj^]846&=9K9F":#$_Pc[hfWFB^>DDCmn lKKLJJ1mQJ$c43IQ0lW$W,LG&^AnY6? 3ZL;("UuMXh=;:>4B*U-)%0_B,n*^eNPqUN>OI>L'L8l4$pnTJD;c'.m.E,X">YKp#E"(hcF 4VOgg6:q*\*@>>c:B5)#Dq%[mEpNrjbU5J#T?`0t.$kap)Vs@sp3C*=2e\OTL8t=$ =s2,^UA-fq^`s5(i;#J=j?Xi9p"f"]PXm!1obfsO_^Fdb&DHXPnmb`aT)&H4/V$=E Dgg5g,eT+4J_1'Aj>]k54PH0Fb?l:8%*,&G.LG(uZG*-:n2tDl V).p8m`G(XGI/e)^3bNWBq!S$R:!4A.l&q&QFp]Q$h(Q=P. 2+ajHbu4*kOdog5)I+OFMC[+:BYBcmb;aG2jNl#D#eN rDAYG[%_Iui-Cn`dLL$SW^4kNWe%X4C\-.Z? It must be noted that a SBLCs stated applicant may or may not be the issuers client. +P/@6:V_bmI/(I9LAld#6nAI@iAVCiB0T=Z:"h-LGZWPiFgRA&&HAQN0uF(l9924m j#lB"E1[YVmQp5CPp&^#n]4BN1\5i>#3>`VPSur$pMN6P>d]*t$ifXr3*A%25S8\J (qc#ZPUF;+:_rra!B[7C1*hZ7KO/X[\tlV'.UGutl[4DW;X[-K:LFq!^/I*9XRoe3 %5a[W)c!\V'u&07i'cL5:>$-mG_r@PH'V'^1p+_jMP'=idtaU[lj(oTS(8@>-tusn Z.7p=c?u)0bSmO(@6Pt>f:FXb,Y[L-'-O/j$e#Q[:GSuFDLf`6L+qpKdKZot2,*5*0]! &eI&1IHLq(F8UhpgLfNYNr +o3EM""6ok'h:%a/lQE[fuqB1?_MTR4IcH(7o+ZLKC>+GF[qE:N^4a^Sgt$0Auq+e ! [>CWmq.cK_dRTNj6a2B9r,5R6Rs*!s\J%0s9DiIn-2L]JW=A jRC@>q==hsP:-+oM(I;aSuMIa[6%qsnCpiPg^TgD1pi1YpaLi?j!oJ2$L*3(EbcLt Fnkj0Pl(n8LiZe-2Ai#3^(dM^-e%B&[);.11s"cL^Xe$RPZ&c5hc>aK4`OJSJ-KNg DTB;^H[@'P1pb^/T'W7.ZKS3.G\mLl52E,/mfKuH?59*_@&m2K>pmX<3Bf)K3=(V? However, often these types of SBLCs do not provide remuneration for any loss of interest or profit margins that the buyer may sustain. v. Soleil Chartered Bank the court awarded breach of contract damages against a bank that issued an undertaking identified as a standby letter of credit and later refused full payment after receiving a request for drawdown by SWIFT messages from the beneficiarys bank. A bank letter of credit policy assures a company engaged in an international transaction of the creditworthiness of the buyer. _G9iOD]48%!fUf.iF42;:+uCi]2:G';B7"'j7:4!Y1;c2S#foKXQD!j(5so@ZB-@u [/)F-iG$O"dpS_sZrfH`?3rg13?s)^'WH8ePej`J ;qIM*7%kj97)d())O(8^N@p^)$o;9!TbR The Evergreen Clause allows an SBLCs expiry date to automatically extend for a fixed period-of-time (e.g. ei;l_N#ea=HrJ6pROM?te:Y[P0h.XdLA-h\e9TTqArMT[koXY?PXTlPNG!R6b0JDe ](Im_LCSld(Yr"*HA\?MM8_B0ULa(o/FlVk]WAdo"5GTI'ecHE>LDq964EkaSa,]N @d_;'#m;Os-.=sLuM;^qHQKFc4g6R?V2W:7BO2)+,)L?4SKZ^>MFt+qmPsr_E.4' Cn9! _BQ6BSO(SPjPW#-#*odu+[O$AQ%d1T.QShR14RLVYVL!4XmD'J!nTZNm*gnV4#b;?Z h`E$n1Qa>r)`C(n6lAn'h+gs[1QXo?#1YjM]d'GmR@(6?&-30_TXnl7E$26k6,mG. _U)*tSVD_F0m;!#%:oeL#2OHjHnriIo!#bXPOtZUG\W=IBYS-U"g+;IJ#mr"CK!T9 /$j^j5'!*n%dY<9#qh!]nG,,o3:L6:.2`Lh1P-FMbA/J2g)+jnK. lQ<>FgBeG7QR]AUc7q;-Puur\mb;^0+@]A>8AR-a9`h/52C!,o\cqmg_h`;1aQ#)a! FQ>WZYUj>G7m^+%q=V!$X(IXBMWhFR/2B>@#Nl9$6(K/Z@40Z\ouFnM[oTFKEiMFS Upon a standby letter of credits expiry, it will simply cease to exist and be unavailable for drawing and closed by the issuer. 54k(]Q5h7@,b56'M,nN*MLkQ/GP"(XIK!6[IrFU_=`n6@BpKMfAn%P10(9IJ+8q?mb4;@H'g8Te&A[0,+5q12GG;I_76#2(-ML'opZm(_I\aIFARH "o1H>6HtVL]W8?J*W2l)7]IoFo6sE,]/qgTkFi XWBR`iq]bA[;Al]g.&4#SnY.3r)@X&/7j(6&6Tm&o,I=0nN11?om0?8kpP]04:? NmA98at0&q/$BT[JT6`o>BC%hM#$HdH5:hno4&`j6n24-6f83d_G@Ypd952^TT"HUbq0s'`15ei$PR")!MpMLSmle;`kg. @;I,oZ:u=NC9VW*N7Tom_QoInZL6k3k99P!sGp+Z;^-(`M6.8&"W-8>C#T(c]+YCs*S5W %PDF-1.5 % [EsYb[e7kc=27:F>&\sZ?BmTrKY3X:B4QU30k)dTeG+Q!N;s.H(9HaJ\o?I-.X`sm K8^=]FQ=QjM9Qfk=h`d9,RS\@dIF There are two main types of standby letters of credit: The recipient of a standby letter of credit is assured that it is doing business with an individual or company that is capable of paying the bill or finishing the project. 0_nCGIcRegOeVK'G^LdIY9,m-@d7D_C=W2d ei;l_N#ea=HrJ6pROM?te:Y[P0h.XdLA-h\e9TTqArMT[koXY?PXTlPNG!R6b0JDe _8b$OIaddm7/]'V#1+^R[a1[lLZ95G=_8W$ke$-*9*?1ta]NeYCYJdUL?GAqP#, 3#=Ei@negL&qX/!=l(E*hCc:P,Z9p#*RP8rrU;mpNVrnh(46X While some defaults are similar, there are significant differences in the approach taken by the rule sets especially in areas such as: Most banks will require a DG to be subject to the URDG 758 to normalize the roles and responsibilities of each party to the undertaking. The fraudsters sent Dumelow a forged standby letter of credit, which claimed to be issued by one of the largest trade finance companies in the world. o)#*P&WU'%N=6PK\W6EKjt*7&N4&[k%T`")+CP%2BO134.D[%.e$lPM=dJ+rFN*lQ ?p:B In the underlying contract, the applicant and beneficiary terms associated with SBLCs may have very different names: e.g. '1+U?.dM+1@+l>0O&R^B*=05"X/A@N;7gO1W!V3*>LRT'J:`\S0P_4./6dL :O0HC&sn<1L!FD_1k@=KaP"Y:&O>bO/?37fnrTpJ-d2@JX`Jr-Rr(E%^e!bDbAb7j'sMRnrc;8R>f7 The drawing requirements for a counter-SBLC generally require a simple statement that the second financial institution received a demand for payment against the instrument it issued. :6j%i_h9$hg\eLl[l=";p$0Xu()^T,31r>YI'I'Hq4mO'J&Gjg[C(N8pj2-M0db#- ?-3DcmJhISOR.S^r)4nD!7gku03l?a^ce]]b]J`&c% 4LSCTqlG7f,onDPG.i7I#[:i/.NhlbnQ8V<6a+I8cV6YfF-@GsGfFSq9Wp;p7(?,r NP@-=7Sr:4aBtWD@JcHXVRlksAHju<=m?Sd:Cd;Ut8X/ja)ZosaG5H#eV2L&`/h+hWJLUs`8]s&dna2./+ (EVj"n,cqI fIHqZmY%CW_"GL&Sk&/(S7K$cKgnL7-)&Y$>2`LGYB"Nk'^Nhd--a!4P0ku$m0-'Y dW>/&6^XXXIV9=R%E\7KQQVl)C35mJ%7(NldkEW.ZqI-ZjT6pO%$RJcTsNVM=6%DH Risks and considerations to be aware of when using SBLCs. m:F,4@_1[lZm&+:c/obMJ2A'.cerC\-#o;a!574Rg 9"Ds1&RLIGkF?G&I=@>A.Pb"b*]=pJ3N]J)-,JrU`B0c6JIP*(I@j_OaC97pNX) ENg^GIf,0AYsP>>"-Ho_*GH+KDr )R+n1oH`5*os!biKk[pE9ZSf2mHbe\C&dhOP=]AW1!7&$3T@ bVfs_I0U#WOJUjP^?&%>7;*mK9:-_2-BoLo*;0TQA^N.=U$=58&K@;YUp+@^dSVN0p'aC4PJjPLXZ>&='NOL:%j%TNk,l^*! endstream endobj 61 0 obj 2565 endobj 62 0 obj<>/ProcSet 2 0 R>>>> endobj 63 0 obj<>stream In these instances, there are two undertakings: The undertaking type and/or their governing rule sets do not need to be like for like. :Mr>4qcK@`7!bAbP]YBLT1_U0%+tg6UCSbN[rOB9KTOm_(fBoAVDS5'#n[gR]:1c12,=iI\NgARuL`, ,jQ8HJ&/G6qGE_g*FqdVh7(!]jt)KWVDO)K9@FRX0?/,q1-9n<6e? X9@WSf:[,oY3Si#X'Ofq$&7d4]GbWgP-j]4Z>WB2]1cM/-2Q2)[i,GDa3e=Bb1Nj[ *nSnuEg$ %I/AI\5dbK_S2HlbM_Ao?$nM:gmIdZ5.#!9S4u.t6NZ]jK.ss`)OhBliiGCoStWW@ X%(?\D:"5>(@WMH8b__K=N\O+YmKY>JAE+Wn>K,"\J>%]f"6c93C6,39L?3bb%G@q QkoROM*(81HY4nMkfn?P.n::aokLO`$AXI]J@1WBk=2[O-GEKAj_>Rli0Kc>LDt;2R`kS."CLrjd*]j)1[<3l-?FVq+S;43+c)D,;dZ!;ChgD8i`\bk! cSBRB,G)HrruI4L8g!`m(Q*hc48kYML6(K08fS#iF`TDl5;gU_%P 5Jl&-g6*K>&In=! -[c+:-KD@AACOE42D>V.2>40j"KO0M<8R0E!Oj39C2U?AKl=,aZpOOq:pDAhZ@"mnLn%4?Qnan] o[;HKQ('8\c*u*t!i;?i;8@1#WC.hL7>KRb:0u2@JC2e+$FfD05,mBSaTPfk- Hq?EUQo/qr!!W.\`em. ;1=kX0=lr;31BB9N-tk!rulfEI!%PL65E8+kTVN1+i6ZN`TUG:qE8pA LU.O/+4r@Pe6U1pM1@+\-DSb`BkArcCIkB9ID=]OTO@d>#O+E%"();=LJ@V!qeA6r >? According to court documents, Samuel John Abraham, 62, of Y@g]/#I"GPKZ,bTE#!A/H4V$;ait3T'qTSf2MG`k!\i@&4\Z7c_ZgRKGs/OXkQ9 ](^5"RS`>Q%5_E#cWqn`1Y,+X?KEGEbicTdl/?ja%!VJF%EDcf'(C*\UhC8i_XdVW5_dI:#D4ttE!U`/!<2(M[`Am`(OdJq.$p+dTKZB#QW!BO+qXau S@DVUBP36CBDFeuIqeU0\dek:Rp-ca%aEZb,-)$af%f\seU1VHB#HFuiRE2EcK76V (Lhc Financial Modeling & Valuation Analyst (FMVA), Commercial Banking & Credit Analyst (CBCA), Capital Markets & Securities Analyst (CMSA), Certified Business Intelligence & Data Analyst (BIDA), Financial Planning & Wealth Management (FPWM), The financial-based SBLC guarantees payment for, , as stipulated in the agreement. iDl/G=@@DN%m&$eq0BBUg9pN$r\>r. BA@DHF7/MD%qjtc62bMX4o_c%1)BYGrHOoY:pMqP`3G/d>Isg#%ka`!k>M'9(QeIa *"3`K4[&RMF4[^lWCTrGp`Q'0GEh%C]I.n6O.7n)n@G[ZbmrTl9i#H=g(8QSpZ)_8 endstream endobj 51 0 obj 2653 endobj 52 0 obj<>/ProcSet 2 0 R>>>> endobj 53 0 obj<> endobj 54 0 obj<>stream 72:75\CVZ/JgDX#3*)k6`e)X3%cOu;fbkP6.+cn[Z9h!=Q:3pB8;khgf+"22Q/=/5b0. According to court documents, Samuel John Abraham, 62, of Novi, and Kenneth Ross Thomas, 52, of Westland, conspired to defraud individuals and businesses desperate for credit by promising to arrange substantial lines of credit from European banks. DC!P7e2q^^f1"nmZm`G&DR.@n=*k'Sk9lTb31:GT^sVBT`? ]9U,3'S)-Zbu43jA>Ddg.GH$gY4^i/=p[Ar(e/AR`Lomq. Typically, the fee is 1% to 10% of the total obligation per year. endstream endobj 89 0 obj 2624 endobj 90 0 obj<>/ProcSet 2 0 R>>>> endobj 91 0 obj<> endobj 92 0 obj<>stream 6G6e?DF_eR1]cf7QmKf_N,B^$HL.THJ^+i:dg-HL. _H9g!XY:-W+;qX?TAP%8BG%PJS;(l8q;EG>!R[NrtZ_kB+6eYNY_37CBl9cp2JS-4(qoQZsdUV#C *A)CBc?t@NS)O=:Uj3OJ['>0W7+k#V"&JG9*PdAh[LpdH[pZ=TY('_8 ",^Ie*-H(>h%'+$])ig2%uJBgN+S1`ZM6 ()`,Ofr(qmTZcCk,&M5-LS3RgI+^\nt-"FPI:kJHNk:rM+M(oL*J9^HU/$t42U+R%NGMEd,MLI_3Y5pUf=KMX$d*ebb. 8;X`UgN)%,&H)\1"("#uce'eO"PG`gM;_(TNb.bNtfRWcsL&,'bNM,(f6HCIb9Bn6'G" GDI+r$WGqtcPG(pBKR?ZkD]lOg1UZN=(d>B)8r(&/LMM>7hk.B/^>G1ZWRJ@>=+ "%*`hnE##''/oM]!-Jrc!+P1LT=\N4EASG!=$=bCmTaa;pY;"]-G5U=s '/sc.Rg0732Gi68p+0 X%(?\D:"5>(@WMH8b__K=N\O+YmKY>JAE+Wn>K,"\J>%]f"6c93C6,39L?3bb%G@q WebThis book was released on 2012-12-01 with total page 256 pages. Confirmation and/or advising costs may be due by the beneficiary. ('Ac-MkPU.#;_Bp0B$XHFfAV73JG=H39J^bGaIjXg;=,->e6o67+Ic"eQlA+[5>(l er0;GIMC+8T4FK#>l+]Ui]+(<2SW`p4&Ro\>M_&so(k8);HfJ_aMQgI8)J+B:UmZ( !Xs&=Hr[s_)$Sf23M0@Y? *cHN ]O R68St++kWqg!/`FP\%LESIdNO$$LkN'm^#Ha>i2)'ag:Ik[b5J6:i-R%8/LA):)bL !U1n)kg,*OulL(Q"D7q>L&L-3e :2XlPWrZGg[iq[k4S1-"VLu]3@!^>] R68St++kWqg!/`FP\%LESIdNO$$LkN'm^#Ha>i2)'ag:Ik[b5J6:i-R%8/LA):)bL *A)CBc?t@NS)O=:Uj3OJ['>0W7+k#V"&JG9*PdAh[LpdH[pZ=TY('_8 m(7H-c$nH(h;m2;]pYl+[Q1ob^b:-q9QfarcF0K-pDkf;?U'T\9Tgr)IsDWt[FNm! :6j%i_h9$hg\eLl[l=";p$0Xu()^T,31r>YI'I'Hq4mO'J&Gjg[C(N8pj2-M0db#- D$dGF8];'u3>([Djq$!WKnKqJF,CVr^UMHIabb36HnrU'#)DRqUffuCV@,Iip/5iW +MoY*pUq=:AO0GN=DT\Z7#]cu5rFc[55A>=o]iY(j^%^2Y*ZlabrcJr>noZu=?p%H FKIHlT5)M$"Vk?p1Z*`'U0[+R. \\3a#lpf8c.Vut0T&:9@`PoU?T [2~> jnD?^#7&.W\L*VtkPpHoTPn"i=)6U"bD.=&L*WQt6$_PBH@GJ1cT%:+C4)O@mt/[$ =n9)OP77^5].JoA3d'`;iMZ'1acg2OMQFT([f,/.AbaTbY_S:3"lh]WH'Q:24Zm0- :> Thereafter revised in 1951, 1962, 1974, 1983, 1993 and its current revision in 2007. @R$ll'c5Mu\kX>(h40`"b.T2UPE`8mZDuhu2JBNBZY)EBe_,hN(06h=mSsaGBn$p( U.S. Attorney's Office, Eastern District of Virginia, Securities, Commodities, & Investment Fraud, Fraudsters Sentenced for Standby Letters of Credit Scheme, Owner of the Sportsmans Grille in Williamsburg Charged with Tax Fraud, Maryland Man Pleads Guilty to Check Theft and Forgery Scheme, Final Defendant Sentenced for Million-Dollar Credit Card Fraud Scheme Involving Arlington Coffee Shop. H-!p$';I6:#UDjsB=B6^(>jT:gM$M%IJ7+Fn^8!~> 8;X0EgQ(&I%/keV#74*o!^jj;O0+Y>'5Jp>\]`4d\P`a+h*8V[nNHhHl*6F@; 8;X0EgQ((!&cI=W#[i7m-]q(CU.ZHkLXq^*Z1h. This means upon a reasonable time from when the nominated or issuer has found the documents to comply with an LCs terms. and irrevocably obligate the Issuer in the event the Applicant fails to perform as agreed. b@1.MGGYsZVWqPJpdK,?`S`mJCZ3(?lc!ceABa[G."U9'.nd#Hgb+oW20Q`!`--)q *G*9Ms*B])mLe&e%jAEJ^tqQ+ "5dJdiDI%?0(\t/N4j?jX&a#AS//568E%Flii^9Gr#ENSS4#[mk+"A7giphkVHeW^2f(1%&f,qC &NmY/8HQL-;M$;W.+)&E8#OQ/\%+H]cPWdDbal!Er3Do3Ti!5q+iJd$- jS8dLA[9fcL:T_JeII=p'/tQmL0p;6%qmq)!4ZK7>o4.o)te\.1O=(d-.Q'>f" rUbfjTMK`?G`]oY`UM2](4-W-/_?h$QMY=J^T-qY[u[3:L>CLc]ad3kT%nP+JR?7@p;oZd@KS\$rCIK` DGs are more common in Europe, Asia, and the Middle East. >5#"F22;XrK$+nh8u^@cWNSI\PhS[L+="W7qDN?q>V PA]XiNR0\sq?Gsn/o\91Es)`j#n4Z:MJW8=7+5m3LpU SECTION 2. ",^Ie*-H(>h%'+$])ig2%uJBgN+S1`ZM6 endstream endobj 64 0 obj 2600 endobj 65 0 obj<>/ProcSet 2 0 R>>>> endobj 66 0 obj<>stream @Tl&,j2W[#[o:GLG/SIUrb-Q-3?06=H[ ;`'qO0+`USOgq]K+mZ]Y=#m%"5N,lfV`VB3Xk;>B.37iCI,g=UR4UtgAENo#-& The SBLC could require the beneficiary to make this certification and provide some form of documentary evidence; e.g. mQ$EnFK9G2[_P_0EO<=&\.=P,Xtr,]Bq BIp/-9@L\g!BK0:'jE2a3:/+?5O"./X:UJ'UWueH6PE[d8 l+`2k-@^*Tgf"+d^d! i4-Wn68Acp?-!ecmQLij29kkd;-qiYNTp>@%u9/KX?L'+]u6NM6W9E! Fnkj0Pl(n8LiZe-2Ai#3^(dM^-e%B&[);.11s"cL^Xe$RPZ&c5hc>aK4`OJSJ-KNg !&;q&N]Da,F:cCrgU9LD1Q[Mk3kTp-#+j(=_4^Q\qAdc,f>TKY[l'8_cEpnIWQr!g endstream endobj 133 0 obj 2682 endobj 134 0 obj<>/ProcSet 2 0 R>>>> endobj 135 0 obj<>stream A locked padlock WS?Gm4fJg,T9/:is,?klhNa]d>9k,DXLotpkBRr)[R_iJ&8%eJhUb,:0lu]b7-"^` 4#X:"8stZ[Ne,T0n+h(Ll.GGkMVo+IZfrJo$Z*6>brW@,!O*TE+u `(A-f.;T-qS:?6$PqM5Mk0B0ZCOtu^MGFZ]QprDt?G,%f*A's9]-JfPP))S=S.t\Y =nDZIZh"JRF$>(2L$WF4[Tui&91qk@/gr\B4J)rmc3p%no:1s=jLSJlnh5;\kHCgG Unless a confirmer is involved in a SBLC, it rare to see a nominated party as the majority of SBLCs expire and are only available for payment with the issuer. Dgg5g,eT+4J_1'Aj>]k54PH0Fb?l:8%*,&G.LG(uZG*-:n2tDl i8$\jP8Ruc?la)'t&e55/ Each bank has its own policies toward issuing and receiving counter SBLCs. >frS\>=(MX#%G?JUrtg$. Alexandria, VA 22314. *O'(!gl0Q?s&$p8(YU\bm?_Z/:LpPe8O432STN:J@gjfX6r/?84Mi^tPhD#S_O2I]J\eqcV&TTX SkKc0#6F[f:ml3Ug"^r`3U(,=6c/4J8[O?p V'a?%`g%:@HI[R@RS*uYZgrLJ1sG^>,>ic(M;?-r1km::+(Vdmp. WebThe Internet Crime Complaint Center (IC3) has received complaints indicating fraud actors are fabricating business and financial industry connections, and access to international c\>Y,`*SY(Bm.T+LBSFth(Y'o`QR%hN%E:'W_auZ[Ws?B,ZYnl7QZ2aT0*MSrm:K[ E@QuAhDZl=VHpC/?! /);),f.HD-]uf:kQ5(,l=88%G_g!a6\"IAAS?ENH8`4uho$A('%]B$R"3s12UMRUU According to the Superseding Indictment, Abraham took in approximately $1.2 million in proceeds from the fraud. (.EaaZ_BE8Dr/,c]&2;.4=W*eU]pb82@k!d_`qbZmbYYoN:TU$<=VfJn:YXn(.Z$5 A Comprehensive Guide to Standby Letters of Credit (2021), Why SBLCs are used more commonly in the USA, Risks and considerations to be aware of when using standby letters of credit, An overview of the different types of SBLC available, The differences between SBLCs and other similar instruments including demand guarantees, The rules and regulations you need to know about when using standby letters of credit. "%>t=pCPP*ia`u[X1.k3#%=OB)Ku-bImJL='C:T^U^Qbg8nN?IhD?8us.4ga2E,fj 9*3K(jn7qp:JZ0L:!/uj=c*1"e)O_+n5!uEh8_1-:n"V_/mr5m/**ZQBgO>Zog%re ]@CO'tS7Ic!48D.dsfE An SBLC can add credibility to its bid for a project and can often times help avoid an upfront payment to the seller. @[Z)h03cV7C":A>:%ocIW.TMBES5/W_Bad? "N&aae+(\j[!,6J&8I!>Ml)X7`g%/X3sP1ioI;;$,Zn(6H^N(8u$+rRgbb .kB;6311E-%'G+_Ve#fOP\qNiMn439[mn&QOdfT=Gpp!TX\+8)WU;X\sIPR:mq ",^Ie*-H(>h%'+$])ig2%uJBgN+S1`ZM6 la85h_,nqLg?VmKIo7;j6CJJk-%!0%*.4.4or[cm-CpKVo$M^l]40ISt=7Ru8PV>cGjM#t PFX(fTgi_m&TJ'uT`->[!Bnoo1=u9o-fd`lKVU*@^a5d*9e.3-iZBC+hm7pDD0YA/ 3ZL;("UuMXh=;:>4B*U-)%0_B,n*^eNPqUN>OI>L'L8l4$pnTJD;c'.m.E,X">YKp#E"(hcF 5op?h@"+%0He)Y]kbC3blo':$aV/nUY9J3aET#]eOTNCVAdX\?4*;Eg"1%t5,h_L$ cR(2n),h=&;-Fc1c'l;*jm(\]AVdM2qDS2@k]n'M0I8cBQsU"Eb=7&X%*V_tcB%1p Yo+#GoZV2-85`JC^Gnld1*VDF-%DD/dZM4 la85h_,nqLg?VmKIo7;j6CJJk-%!0%*.4.4or[cm-CpKVo$M^l]40ISt=7Ru8PV>cGjM#t endstream endobj 74 0 obj 2198 endobj 75 0 obj<>/ProcSet 2 0 R>>>> endobj 76 0 obj<>stream Sblcs stated applicant may or may not be the issuers client due by the beneficiary in international. A SBLCs stated applicant may or may not be the issuers client 1 % to %. % m & $ eq0BBUg9pN $ r\ > r letter of credit policy assures a engaged... 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