Document background
The Divisible Letter of Credit emerged as a crucial tool in international trade finance, particularly relevant under Singapore's sophisticated financial system. This instrument allows beneficiaries to draw portions of the total credit amount at different times, making it ideal for transactions involving multiple shipments or phased deliveries. The document operates under Singapore law and incorporates UCP 600 guidelines, providing both flexibility and security for complex international trade arrangements. It's particularly valuable when dealing with large-scale transactions that require staged payments or multiple beneficiaries.
