Document background
The Letter of Credit 30 Days is a fundamental trade finance instrument used to facilitate secure international trade transactions under Belgian jurisdiction. It serves as a bank-issued guarantee of payment, providing security to sellers while offering buyers a 30-day payment window. This document type is particularly crucial when parties seek a balanced approach between immediate payment security and short-term trade credit. The LC incorporates Belgian law, EU regulations, and UCP 600 rules, making it suitable for both European and international trade relationships. It includes detailed specifications for document presentation, payment terms, and compliance requirements, typically used in situations where parties need a formal banking channel to secure their trade obligations while maintaining working capital efficiency through the 30-day payment structure.
