Question: what is the difference between bank guarantee and sblc?
Answer: BG is more involved. The major differences between SBLC and BG are: Purpose: BGs are used more often than SBLCs in large construction deals, while SBLCs are used more often in the sale of goods. Function: BGs can protect both sides of a deal, while SBLCs cover only the company that obtains the SBLC.