SBLC (Standby Letter of Credit)

BNI can issue guarantees overseas that serve as payment instruments for all types of trade transactions.

Types of Standby LC’s that can be issued by BNI :

• Performance Standby.
• Advance Payment Standby.
• Bid Bond Standby.
• Financial Standby.
• Commercial Standby.

Requirements :

• The applicant must be a BNI customer.
• Submit SBLC issuance or amendment applications.
• Submit an appropriate transaction cover.