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Irrevocable LC is the safest for the exporters since the bearer of this LC will get the money for sure unlike revocable LC where every party must be involved to get it settled in case of any issues.
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∙ 12y ago
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WHEN IS LC REQUIRED?
What do you mean by the term LC and when it is used
Where to used LC or SC connectors?
LC full form Lucent connector
Murhaba lc and cash lc difference?
I guess the question itself is written in a wrong way, i guess that the question means Murabaha not murahba since there is nothing called "murahba LC", but there is "Murabaha LC" or to be adequate "LC Murabaha" This is a sharia compliant product used in importing goods through islamic banks or financing companies. It is differ from Cash LC that the later requires the LC amount to be ready with the importer while the other option Murabaha will be financed by the Bank
What does LC stand for in LC connector?
LC stands for Lucent Connectors
What is a Usanse LC?
LC for 30,60,90,or 120 days is called Usanse LC
What is a LC opening?
what is lc opening?
What amo is used in taraus the judge?
45 LC and 410 shotgun
Why used deferred lC?
Deferred LC is very usefull for both importers and exporters. 1-Importer does not hav to pay in-advance when uses deferred lc 2-but exporter guarantees that he will get the payment in a certain time after shipment and also if he wants he can discount in on the same day or on any days when the LC is booked. 3- deferred LC helps to the buyer who does not have cash but has credit in his bank 4- deferred LC helps to the seller, so he does not have to look for a buyer who has only cash money.He can discount the LC with a very low cost anytime.
What does LC mean?
lc = learning centre
Difference between Export LC and import lc?
An import LC is one made with reference to the buyer but with an export LC, the LC is changed to that with reference to the Issuing bank. This gives a stronger guarantee of payment to the seller.
What exactly means by LC?
LC is Letter of credit
What is pre-advice LC?
An LC is a letter of credit which is used for carrying out large transactions between two financial institutions. A Pre-Advice LC is a fax/document sent from one bank to another before the actual transaction is carried out. This is to ensure that all information is correct.
