#Standby LC

[axioscreditbank]

Letter of credit (LC) & Standby Letter of credit (SBLC) are both the most popular, & reliable trade finance instruments used by global importers & exporters in international trade to reduce the risk of payment failure & to ensure financial stability.

A Letter of credit is a primary method of payment, while Standby LC is used when there’s a risk of buyer’s non-performance during a transaction. So, what is the difference between an LC and SBLC? Let’s check out:

Letter of Credit Vs Standby Letter of Credit

Both the letter of credit (LC), and the Standby letter of credit (SBLC) are payment guarantee instruments used in international trade. In this article, we’ve discussed the key differences and usage between LC and SBLC. Take a look:

What is a Letter of Credit?

Under a letter of credit service, the issuing bank guarantees an on-time & full-fledged payment to an exporter on behalf of its client ie. importer for the ordered goods or services. But in the event, if the importer defaults in payment or is unable to fulfill the terms & conditions of the LC contract, then, the issuing bank will compensate the beneficiary ie. the exporter.

Read more: https://www.axioscreditbank.com/blogs/key-differences-between-a-letter-of-credit-standby-lc

[tradefinancecompany]

Radisson is a Leading Provider Of Issuers Of Standby Letter Of Credit Sblc Services.

Radisson is a leading provider of Issuers Of Standby Letter Of Credit Sblc services. We have a long track record of success in helping our clients obtain the financing they need to grow their businesses. We work with a wide range of banks and financial institutions, and our team has the experience and expertise to get the best possible terms for our clients. We are committed to providing our clients with the highest level of service and the best possible financing terms. Contact us today to learn more about our SBLC services.

[letters-of-credit]

Secure Your International Trade _ Letters of Credit_ Express Trade Finance _ Dubai

[aiolegalservices]

AIO Business and Startup Support- Companies Formation & Flag Registration and Securing Fund

AIO Legal Services is currently offering financial support and offshore registration assessments for businesses and startups around the world. AIO Legal Services as  a Qualified Intermediary (QI) at the Marshall Islands Registry, has the ability   to provide your business with a range of services, including: • Company formation; • Flag registration; • Due diligence preparation and…

[radission]

Issuers Of Standby Letter Of Credit Sblc

Standby letter of credit SBLC is a type of letter of credit (LC) that guarantees payment to beneficiaries in case of default on their loan. SBLCs are often used by lenders to secure loans for borrowers who pose a high risk. If the borrower is unable to repay the loan, the SBLC issuer promises to reimburse the lender the total amount. Issuers Of Standby Letter Of Credit SBLC are generally a bank or other financial institution and they levy a certain fee for their services. SBLCs are often used in global trade transactions to finance the purchase of goods and services. Radission, a USA-based global trade finance company is a reputed Issuer Of Standby Letter Of Credit Sblc has a long history of offering clients high-quality financial guarantees. We are the leading Issuers Of Sblc And Lc across the globe With years of experience in the field. Radission has the knowledge and the resources to offer its clients the best services and provides support and guidance to clients throughout the process. Contact us today to find out about our services and how we can help your business create and succeed.

[letterofcreditwithoutcollateral]

There are a few things to keep in mind when considering Issuers Of Letter Of Credit Without Collateral.

There are a few things to keep in mind when considering Issuers Of Letter Of Credit Without Collateral. The first is that the issuing bank will be taking on all the risk in the event that the borrower defaults on the loan. This means that the issuing bank will need to have a strong relationship with the borrower, and will need to carefully consider the borrower's ability to repay the loan. The second is that the issuing bank will need to have a good understanding of the project that the loan is being used for, in order to assess the risks involved. Finally, the issuing bank will need to be comfortable with the idea of taking on the entire loan amount in the event of a default.

[lonestarflight]

Cancelled Missions: Skylab Rescue Mission (SL-R)

Mission patch for rescue mission for SL-3

Spacecraft: CSM-119

Launch Vehicle: Saturn IB AS-208, later AS-209

Commander: Vance D. Brand

Command Module Pilot: Don L. Lind

Intended launch date: September 1973, (on standby from August 1973 - February 1974)

Skylab rescue mission crewmen Vance Brand (left) and Don Lind.

"Influenced by the stranded Skylab crew portrayed in the book and movie 'Marooned', NASA provided a crew rescue capability for the only time in its history." Prepared for launch during Skylab 3."

"Skylab rescue vehicle phasing - NAR Space Division drawing illustrates phasing of 5-seater Skylab rescue vehicle for a Skylab mission."

Date: April 5, 1971

"A kit was developed to fit out an Apollo command module with a total of five crew couches. In the event a Skylab crew developed trouble with its Apollo CSM return craft, a rescue CSM would be prepared and launched to rendezvous with the station. It would dock with the spare second side docking port of the Skylab docking module."

- information from Astronautix.com: link

"The Apollo Command Module as modified to rescue stranded crews for the Skylab program. Two crew + three rescuees packed like sardines...."

"Skylab 3 astronauts Alan Bean and Jack Lousma helped design the "field modification kit" to use a standard CSM for rescue, and would have flown the CSM for their mission to rescue Skylab 2 if necessary. The standard Skylab Command Module accommodated a crew of three with storage lockers on the aft bulkhead for resupply of experiment film and other equipment, as well as the return of exposed film, data tapes and experiment samples. To convert the standard CSM to a rescue vehicle, the storage lockers were removed and replaced with two crew couches to seat a total of five crewmen."

Posted on Flickr by Mike Acs. NASA ID: 108-KSC-70P-69

"Soon after Skylab 3's launch the crew's CSM developed a problem with Quad B, one of its four reaction control system thrusters. On August 2, 1973, six days later, a snowstorm-like effect outside the station startled the crew during breakfast. What appeared to be 'a real blizzard' was fuel leaking from Quad D, opposite from Quad B. The malfunctions left two available quads, and while the spacecraft could operate with just one, the leaks posed a possible risk to other systems. The fuel for all quads and the main service propulsion system (SPS) engine were from the same batch; if the SPS fuel was contaminated, the CSM might not be able to deorbit.

source

NASA considered bringing the crew home immediately, but because the astronauts were safe on the station with ample supplies and because plans for a rescue flight existed,  the mission continued while the Saturn IB rocket AS-208 with CSM-119 was assembled in the Vehicle Assembly Building at Launch Complex 39 for possible use. It was at one point rolled out to LC-39B.

Illustration of the rescue Apollo spacecraft preparing to dock at Skylab’s lateral port. source

NASA announced on August 4 that Skylab 3 and Skylab 4 backup crewmen Vance Brand and Don Lind would fly any rescue mission; they had immediately begun training for the flight once the second quad had failed on August 2. After engineers found that the leaks would not disable the spacecraft, the two men used simulators to test reentry using two quads. If ground personnel worked 24 hours a day and skipped some tests, the mission could launch on September 10, and would last no more than five days. The astronauts would attempt to prepare Skylab for further use but returning experimental data and diagnosing the cause of the problem were more important, with Lind choosing what would be brought back. Human urine and feces samples and Apollo Telescope Mount and other film were the priorities. Although Skylab had two docking ports the primary one would be used if possible, jettisoning the Skylab crew's CSM if necessary.

Posted on Flickr by Drew Granston: link

While many within NASA believed that the rescue mission would occur, within hours of the failure of the second quad the agency canceled the rescue mission. Beyond NASA's conclusion that the failed quads would not disable the Skylab 3 CSM and the SPS fuel was uncontaminated, Brand and Lind had already shown during their training as backup Skylab crewmen that a reentry with failed quads was safe. They also devised a method to deorbit with the command module's attitude control system. Later joking that they were 'very efficient but perfectly stupid, because we have literally worked ourselves out of the mission', Brand and Lind continued to train for a rescue mission, as well as for their backup roles, but the Skylab 3 crew was able to complete its full 59-day mission on the station and safely return to Earth using the two functional RCS thruster quads,  using the SPS engine once instead of twice as precaution."

- Information from Wikipedia: link

Posted on Flickr by Ed Dempsey: link

Saturn IB SA-208 was used for Skylab 4 and SA-209 was assigned to the standby rescue mission. At one point, CSM-119/SA-209 was slated for the Skylab 5 mission but it was cancelled when SL-4 was extended and completed all of it objectives.

Mission patch for rescue mission for SL-4

Later, CSM-119/SA-209 was the backup launch vehicle for Apollo-Soyuz Test Project mission and standby rescue vehicle. After the Apollo program ended, the surplus rocket and spacecraft were displayed at the Kennedy Space Center, Florida.

NASA ID: 71-H-662, S73-31922

source, source

[queenoffishingandcookies]

Thinking of Noctis is Tenebrae.

Specially, when he was in Tenebrae.

Noctis was born on August 30th, and was eight years old during his time in Tenebrae.

Lunafreya, who was born on September 4th, was twelve.

Considering the main game generally takes place over the course of a year (I think? Don’t quote me on this, all I know canonically is that it starts May), in the year of M.E 756 and he visited twelve years prior:

M.E 744.

I’d guess very late winter, early spring. Possibly late January through February - maybe to early or mid March, at the latest.

Why so early in the year?

In the Kingsglaive movie, the prologue when we see the fall of Tenebrae and Queen Sylva’s murder, several characters are wearing clothes that seem suited to chilly weather - namely Ravus, Lunafreya, and Noctis.

Ravus and Noctis are, respectively, wearing a padded jacket or padded vest. The puffy sort you wear when it’s getting cold out, but not big-puffy full blown winter coats.

Also, Lunafreya is wearing a shawl or capelet with a hood, and it looks like it has a fur collar(?). Her dress looks, at least to me, like a thick fabric - wool, maybe. She’s not wearing stocking or leggings (or maybe she is and I didn’t notice), so again, it’s not winter-levels of cold.

There’s no snow either, which means either it’s before winter has fallen or afterwards - and I am inclined to believe the latter.

(That’s dependent on the general climate of Tenebrae, though)

We don’t know when Noctis was attacked, except that it was after he turned eight years old - in other words, some point after august. Possibly early September 743 at the earliest, and March - July 744 at the latest, since he was out catching fireflies, which usually appear most often in spring and summer.

We know he was comatose for a period of time following the attack, but not how long.

He possibly had been afflicted by the starscourge in canon (I don’t know if this was ever confirmed).

We also know he was paralyzed, or his body was still recovering from his injuries to the point where he was still wheelchair bound in Tenebrae.

My idea is this:

Noctis is attacked some time in late M.E 743. He is rushed into emergency surgery in an attempt to save his life, no doubt after Regis had used his magic to keep the Prince alive on the way to the nearest hospital (he’d probably be transferred to the Citadel later? He woke up in the citadel in Brotherhood, at least).

Noctis is possibly comatose for a month, maybe two. As a result of lack of movement, his muscles - on top of the damage done to back and legs - begin to atrophy.

(The symptoms of starscourge infection are stymied, because starscourge adapts differently to the body of a Lucis Caelum, and makes Noct effectively asymptomatic for a time).

When he wakes up, and probably even before that, immediate therapy begins. When possible, rehabilitation in regards to spinal cord injuries begin as soon as possible, I believed.

For a time, I think it would be…not okay, not happy, but workable. Regis would be there every step of the way, and if not him - a team of nurses and doctors ever on standby.

But at some point during his rehabilitation, from the Acute and Sub-Acute phases which will stretch over into the new year, which can generally (and I mean this broadly, every spinal injury and situation is different) take around six to eight months, he begins to show signs of the starscourge.

Regis can’t do anything to help with the appearance of the scourge, and then the realization that it must have been there for a while, that this was why Noctis’ healing was so slow - even, and especially, compared to a normal person.

The crystal, the LC magic, would have been straining to heal him - but it was almost sluggish, unfocused, as it coursed through Noctis’ body.

Regis could feed Noctis magic, take the burden of how it pulled at one’s lifeforce so that his son already so close to death did not have to.

He couldn’t take away the scourge which corrupted his son’s magic, which was just as much as the family’s magic eating away at his son’s life. The doctor’s could give estimations and exams and exercises on how to help Noctis walk again, if he ever could, and even an inability to do so was not an impossible fact - not in the long history of the bloodline -

But the starscourge?

Sooner or later, it was fatal. Regis knew of no known member in the bloodline who had gotten it - most who died to daemons died outright in battle, or as a result of injuries, long before the scourge could set in and take them - but no one had ever survived the scourge.

And only one bloodline could do anything against it.

The House of Fleuret, The Oracle.

And that meant heading to Tenebrae. Even if it was an autonomous ‘kingdom’, Tenebrae had long since been annexed by Niflheim - just like Accordo.

To bring Noctis there would be like to deliver all of Lucis into the jaws of a snarling best.

If it had simply been Noctis’ back and legs maybe, maybe Regis wouldn’t have done it. It’s a big maybe, considering how much he loves his son, but maybe.

Starscourge, though?

Hell no, it’s off to Tenebrae. They have to fucking go. It doesn’t matter how dangerous it is, to go through imperial Territory. Noctis might die either way.

A route to reach Tenebrae has to be made, means for the two of them to leave the wall unknown, then travel to Tenebrae still unknown, also having Lucis ruled well - all the while, trying to keep Noctis as stable as possible? Things like that take time.

So, they arrive in Tenebrae some point in early 744. My personal headcanon is that the two are there for maybe a few months, around March, and then Niflheim strikes and everything subsequently goes to hell. It has to be before his ninth birthday.

[wormytoast]

i have 2 relics on standby for my blade and i just need to wait for his rerun to get his lc to bring his crit rate back up to 70% 😩

[oxford-international-bank]

 A Comprehensive Overview on Types of Letters of Credit 

Introduction: A Letter of Credit (LC) is an essential financial instrument used to secure payment and ensure that transactions are carried out smoothly. Understanding the different types of Letters of Credit and their specific applications can help businesses choose the most suitable type for their transactions. This in-depth article explores the various types of Letters of Credit, their characteristics, uses, and benefits.

What is a Letter of Credit?

A letter of credit is a document that a bank or other financial organisation issues that assures a seller (beneficiary) that they will be paid when certain requirements are met. It functions as a guarantee that payment will be made, subject to the seller adhering to the conditions outlined in the LC, from the buyer's bank to the seller's bank.

Types of Letters of Credit

1. Revocable Letter of Credit

Characteristics:

The issuing bank reserves the right to amend or cancel this without prior notice to the beneficiary.

Less secure compared to irrevocable LCs.

Uses:

Suitable for transactions where the buyer and seller have an established and trusted relationship.

Often used in domestic transactions rather than international trade.

Benefits:

This allows the issuing bank to make changes to the terms as necessary.

Drawbacks:

Offers less security for the beneficiary as the terms can be changed unilaterally by the issuing bank.

2. Irrevocable Letter of Credit

Characteristics:

Cannot be amended or canceled without the consent of all parties involved (issuer, beneficiary, and any confirming bank).

Provides higher security compared to revocable LCs.

Uses:

Commonly used in international trade where the parties do not know each other well.

Provides a guarantee that the terms agreed upon are fixed and binding.

Benefits:

Ensures that the terms and conditions are set and cannot be changed without mutual agreement.

Drawbacks:

Less flexibility compared to revocable LCs.

3. Confirmed Letter of Credit

Characteristics:

Involves a confirming bank that adds its own guarantee to the LC issued by the original bank.

Enhances the security for the beneficiary.

Uses:

Suitable for transactions where the beneficiary is concerned about the creditworthiness of the issuing bank.

Often used in high-risk or unfamiliar trading environments.

Benefits:

Gives the beneficiary more certainty that the payment will be made.

Drawbacks:

May involve additional fees for the confirming bank’s services.

4. Standby Letter of Credit

Characteristics:

Acts as a backup payment method, ensuring payment if the buyer fails to fulfill their contractual obligations.

Serves as a guarantee rather than a primary payment method.

Uses:

Commonly used as a security measure in contracts or agreements.

Suitable for situations where a performance or payment guarantee is required.

Benefits:

Provides reassurance to the seller that payment will be made if the buyer defaults.

Drawbacks:

Typically used in conjunction with other forms of payment rather than as the primary payment method.

5. Revolving Letter of Credit

Characteristics:

Covers multiple transactions over a specified period.

Can be used for ongoing trade relationships and multiple shipments or invoices.

Uses:

Ideal for businesses with regular or repeated transactions.

Provides convenience for ongoing trade agreements.

Benefits:

Reduces the need to issue new LCs for each transaction.

Streamlines the payment process for continuous trade relationships.

Drawbacks:

May involve a more complex arrangement and higher administrative costs.

6. Sight Letter of Credit

Characteristics:

Payment is required upon presentation and verification of the necessary documents.

Offers immediate payment upon document presentation.

Uses:

Suitable for transactions where quick payment is essential.

Commonly used when the seller needs immediate cash flow.

Benefits:

Ensures prompt payment upon compliance with the terms.

Drawbacks:

May not provide as much time for the buyer to make payment arrangements.

7. Usance Letter of Credit

Characteristics:

Allows for payment to be made at a future date, typically after a specified period.

Provides extended credit terms to the buyer.

Uses:

Suitable for transactions where the buyer needs time to arrange payment.

Common in transactions where payment flexibility is required.

Benefits:

Provides the buyer with additional time to fulfill payment obligations.

Drawbacks:

Payment is delayed compared to sight LCs.

8. Red Clause Letter of Credit

Characteristics:

The beneficiary has the option to receive an advance payment prior to the shipment of the goods.

Facilitates financing for production or procurement of goods.

Uses:

Ideal for sellers who need upfront funds to produce or procure goods.

Common in industries where production financing is necessary.

Benefits:

Provides the seller with working capital before shipment.

Drawbacks:

Requires careful management of advance payments.

How to Choose the Right Type of Letter of Credit

Choosing the appropriate type of LC depends on several factors, including:

Nature of the Transaction: Consider the type of trade, whether it is one-time or ongoing, and the relationship between the buyer and seller.

Risk Level: Assess the level of risk involved in the transaction and choose a type of LC that provides adequate security.

Payment Terms: Determine whether immediate payment or extended credit terms are required.

Documentation Requirements: Ensure that the chosen LC type aligns with the documentation needs of the transaction.

Conclusion

Letters of Credit are vital instruments in international trade, offering various types to suit different needs and risk levels. Understanding the characteristics, uses, and benefits of each type of LC enables businesses to choose the most suitable option for their transactions. By leveraging Letters of Credit effectively, companies can secure payments, build trust with trading partners, and facilitate smooth and secure global trade operations.

http://oxfordinternationalbank.com

[mar-jef-sblcs]

We offer bank instrument loans without upfront fee

#BankInstrument

#FinancialInstruments

#MTN (Medium Term Note)

#BG (Bank Guarantee)

#SBLC (Standby Letter of Credit)

#LC (Letter of Credit)

#Monetization

#TradeFinance

#Banking

#FinanceInstrument

[axioscreditbank]

Applying for a letter of credit (LC) with a bank for overseas transactions can be a complex process, but with careful planning and attention to detail, it can be a smooth and successful experience. An LC is a payment guarantee letter issued by a bank that guarantees payment to the seller for goods or services delivered to the buyer. Here are the steps to apply for an LC with a bank for overseas transactions.

Identify the Need for an LC: The first step is to determine whether an LC is needed for the overseas transaction. An LC provides a guarantee to the seller that they will receive payment, which can help to mitigate the risk of non-payment and secure the transaction.

Choose a Bank: The next step is to choose a bank that will offer a letter of credit service. Look for a bank that has experience with international trade and a good reputation in the global trade community.

Submit an Application: Submit an application to the bank for an LC. The application will typically require detailed information about the transaction, including the amount, currency, and terms of the LC.

Provide Required Documentation: The bank will require documentation to support the LC application, such as the purchase agreement, invoices, and shipping documents. Ensure that all documentation is accurate and complies with the terms of the LC.

Read more: https://www.axioscreditbank.com/blogs/how-to-get-a-letter-of-credit-from-a-bank-to-import-goods-from-overseas

[tradefinancecompany]

What Are The Facts You Need To know About Trade Finance Companies?

Trade finance makes import-export business transactions likely for an individual variety, from a small business introducing its initial private-label product from abroad to an International Company importing or exporting vast quantities worldwide each year. To cover the cost of the goods, they intend to purchase or sell; smaller businesses typically have minimal access to loans and other forms of interim financing. Many banks will only provide loans or overdraft protection for these transactions if there is a confirmed order for the products. Some fundamental estimation is that over 80 percent of overall trade depends on buy and sell financing, which assists goods and keeps moving even when Trade Finance Company doesn’t have sufficient cash flow inside to business the transactions themselves.

[pacificcorp]

TRADE FINANCE ESSENTIALS: WHAT EVERY BUSINESS NEEDS TO KNOW FOR SUCCESS

In today’s busy world of international trade, it’s crucial for businesses to know about trade finance to scale. This guide will help you understand the essentials, strategies, and tips to succeed in the exciting world of trade.

Trade Finance Essentials

Understanding Trade Finance:

Trade finance is like the backbone of worldwide buying and selling. It includes different ways to handle money and products to make international trade easier. This ensures that people who sell things get paid, and those who buy things do their part, making global trade safe.

Key Players in Trade Finance:

Many different groups play important roles in trade finance, like banks, buyers, sellers, insurers, and shipping companies. They work together to make sure everything moves smoothly, from goods to payments, across countries.

Common Trade Finance Solutions:

Several solutions help with international trade. Letters of Credit (LCs), Standby Letters of Credit (SBLCs), Bank Guarantees, and Documentary Collections are commonly used. Each helps in different ways to make sure trade happens securely.

Trade Finance Providers:

If your business needs help with international deals, you’ll need trade finance services. You can get these services from banks or trade finance providers. These providers differ in what they offer and how good they are globally. Understanding this helps businesses find the right solutions.

To read more visit our website https://www.pacificcorp.co.uk/trade-finance-essentials-what-every-business-needs-to-know-for-success/

[krawlernyannyan]

HSR 3-11-24

No questions with the food fest today, this pizza is the most sensibly made food in this whole event so far.

I did a D5 run on the Path of Abundance and just a bullet list of nonsense that happened with this:

Every single domain I entered in the first plane was either a Double Occurrence or a Double Reward space.

I ran into the Trotter event three times in the first plane and all of them got full-cleared without even trying.

By the middle of the second plane I had 5 cheat chances available.

Kafka almost hit 2 million damage at one point. Thanks Remembrance!

Huohuo got to add Searing Prowler to her kill list after Guinaifen almost solo'd the thing.

Huohuo hit 10K HP by the final bosses.

18 Gold Blessings by the end of the run.

One of the best runs I've ever had, frankly. This also means I've officially cleared G&G on every Path! I still have to do conundrum levels, but that's a hassle for another day.

After that it was back to dailies:

2x Cavern runs. Found a really nice helmet in the Diver set today! It's the third I have on standby now, while I've still got the one chestpiece to fall back on.

8x Erudition Calyx runs. I'm just gonna save today's haul so I can max out her Talent tomorrow.

8x Nihility Calyx runs.

Last part of the day was another tenner on the Jing Yuan LC banner since I hit 190 limited tickets after the SU was done. Got Planetary Rendezvous and Under the Blue Sky, which is really nice since both of those are useful to my roster right now! Yukong's got a S4 copy of PR now, and my yet-to-be-built Misha is still sitting in reserves with a UtBS, now at S2!

Five-Star Fund: 180/180 (50 Character Pity; 35 LC Pity) Days to v2.1: 15