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- Non - sanctioned
- Buyers will receive a Bank Guarantee (BG) if they accept the Documentary Letter of Credit (DLC), Letter of Credit (LC), or Standby Letter of Credit (SBLC) as unconditional payment terms.
- The bank will guarantee that a stipulated sum will be paid to a beneficiary if the opposing party in a transaction does not fulfill the contractual obligations.
- Both parties will sign the NCNDA/IMFPA without delay.
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