Standby 1

The Standby Letter of Credit is an international bank guarantee upon the first demand and is issued under a letter of credit to secure the good performance of a contract.

It is subjected to the Uniform Customs and Practices (UCP) and to the International Standby Practices (ISP) of the International Chamber of Commerce (ICC). The Standby Letter of Credit is a simple and flexible means of payment that offers you a commercial coverage.