⭐ How to Extend a Bank Guarantee (Complete process ) 1️⃣ Beneficiary Requests Extension (If Applicable) Sometimes the beneficiary (the party in whose favour BG is issued) will ask for extension.They send a formal extension request letter to the applicant (your company). 2️⃣ Applicant Requests Their Bank to Extend the Read more
Bank Guarantee:A Complete Process for Students, Entrepreneurs & Banking Awareness Readers. (Only for educational purpose) What is a Bank Guarantee (Meaning)Definition:A Bank Guarantee is a legal promise issued by a bank assuring that the bank will pay a specified amount of money to a third party (beneficiary) if the bank’s Read more
EXPORT LC QUIZ — SET 1 (Q1–100) EXPORT LC QUIZ — SET 1 (Q1–100) Select one option per question. Click Show Result after completing (or to see progress). Explanations appear with results. 1. What does LC stand for in export trade? a) Loan Certificate b) Letter of Credit c) Legal Read more
Basic LC (Export) — UCP 600 & ISBP Quizzes Basic Letter of Credit (LC) — Export Quizzes Focused on UCP 600 and ISBP (guidance). Interactive quizzes + privacy policy — copyright-free. Quick instructions Choose one answer per question. When ready click Grade All to see your score and the correct Read more