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Bank Guarantees (BGs) vs Letters of Credit (LCs)

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Letter of Credit (LC): Ensures supplier payment upon fulfilling conditions. Types include Import LC, Usance LC, Export LC, Irrevocable LC, and Confirmed LC. Bank Guarantee (BG): Ensures contractual obligations, compensating losses from non-performance. Types include Bid, Performance, Advance Payment, and Shipping Guarantees. Kyzer Software automates LCs, BGs, and e-BGs, ensuring e... https://kyzersoft.com/

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