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/