The major objective of this article is to discuss about bank guarantees. A bank guarantee is a assure from a bank or other lending institution that if a particular borrower defaults on a loan, the bank will cover the loss. Note that a bank guarantee is not the same as a letter of credit. Bank guarantees are advantageous to the importer because they protect them when the exporter does not fulfill its obligations.
More Post
Latest Post
-
Cathodic Protection – a technique for controlling corrosion
-
Electromagnetism – a discipline of physics
-
Astronomers Measure the Heaviest Black Hole Pair ever Discovered
-
Even Passive Smokers are Extensively Colonized by Microbes
-
Webb discovers Proof that a Neutron Star powers the Young Supernova Remnant
-
Flyback Transformer (FBT)