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.
at first open your business place, than arrange ted licence. then apply to LC for export or Import.
An outward LC is opened on behalf of a customer who wishes to import or buy goods. An Inward LC is opened by a foreign bank in favor of the exporter.
Ministry of finance issues import or export license. In order to export or import you will have to establish your company, register it with CBR, get an NTN number, open a corporate bank account with listed banks, get LC (letter of credit) from that bank and then you can proceed with your import or export business.
what is the difference between transferrable and non transferable LC?
The difference between an RC and LC is that the frequency - determining device in the RC oscillator is not a tank circuit. LC can operate with A or C biasing, while RC can only operate with A.
One difference between an SC and an LC connector is that an LC connecter is smaller in size than an SC connector. Also, an LC connector is considered a latch connector, whereas an SC connector is considered to be a push-pull connector.
From merchandising point of view what features of master L/C
no
LC means coil capacitance circuit RC means resistance capacitance circuit
As part of supply chain solutions most banks offer export services. Under these services, you can benefit from LC Advising, LC Confirmation, Transfer of LC, Export Collection and Export Finance. The banks basically help businesses mitigate their risks and allow them to focus on expanding business.
The difference between double side band long carrier (DSB LC) and double side band short carrier (DSB SC) is the is how the amplitude modulation (AM) is referenced in the carrier wave.
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