Standby Letter of Credit or SBLC MT760 serves as a guarantee to the seller company that they will receive the payment by the bank. SBLC works as a backup in case the buyer didn’t accomplish to pay the seller as per their contract agreement. Standby letter of Credit creates good faith and trust in commercial transactions and proves that the buyer is capable of buying goods. Visit https://importletterofcredit.com/standby-letter-of-credit/ to know more details regarding Standby Letter of Credit. SBLC Procedure: 1. The buyer needs to submit the required documents of their trade deal like Pro Forma invoice or Sales and Purchase agreement to BWT in connection of their required SBLC to proceed further. 2. After reviewing the trade documents received from the client. BWT will instantly inform them if their SBLC request have been approved or rejected. 3. After its approval, BWT will give the proposal and inform the admin fee charges. Upon the acceptance of the client, a service agreement will be signed between us and upon receipt of admin charges; we will start work and block our bank limit for the subject SBLC transaction. 4. Once we receive the requested documents from the client and the SBLC issuance fee charges, BWT can conclude the SBLC transaction within 2-3 banking days.