What’s the difference between a BG and SBLC?
✅ BG – Activated when contractual obligations are not met.
✅ SBLC – Ensures payment if the buyer fails to pay.
✅ BG – Governed by local banking regulations.
✅ SBLC – Follows UCP 600 & ISP 98.

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BG vs SBLC: Understanding the Key Differences Betwee...