A Claim in Time Is Not a Claim in Law: Must the Statement of Default Be Presented Within the Validity of an SBLC? A Swift sent before expiry does not mean you’ve made a valid claim. In standby business, “documents will follow” can be the most expensive sentence of the year… A banker sent me a case that looks simple — until you read it carefully. And as always in standby LCs, the devil is hiding in one small word: “and”. The Case … Read More