The International Chamber of Commerce Academy has published a revised guide guide to standby letters of credit (SBLC) which covers –

  • What a standby letter of credit is;
  • Why SBLC are used more commonly in the US;
  • Risks and considerations to be aware of when using standby letters of credit;
  • An overview of the different types of SBLC available;
  • The differences between SBLC and other similar instruments including demand guarantees; and
  • The rules and regulations you need to know about when using standby letters of credit.


Any modest contributions for my time and ongoing expenses are welcomed!  I have a page where you can do so, and where contributions start as low as $3, at https://www.buymeacoffee.com/KoIvM842y

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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