INTEL
Status: blockedCLUSTERNovorossiysk-Turkish-Med Dark Fleet Cluster added — confirmedStatus: blockedCLUSTERPinnacle Petrol LLC added — likelyStatus: blockedCLUSTERSimar Chahal added — confirmedStatus: blockedCLUSTERSSW Kafcima added — likelyStatus: blockedCLUSTERNW Corp Singapore added — likelyStatus: pendingCORPUS429 entities · 64 countries
All terms

Payment instrumentssblc

SBLC

Standby Letter of Credit — a bank guarantee used as a payment backstop.

A Standby Letter of Credit (SBLC) is a bank guarantee: the issuing bank commits to pay the beneficiary if the applicant defaults on a specified obligation.

In oil trade, SBLCs are occasionally used as performance guarantees or as a backstop where an LC-at-sight isn't preferred. Scam-circuit note: "non-refundable SBLC deposit" demands are always fraud — legitimate SBLCs don't require upfront cash to the counterparty.

Related: LC, MT760.

See also

lcmt760

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