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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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13y ago

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How many types of LC are there?

There are several types of letters of credit (LC), with the most common being revocable and irrevocable letters of credit. Other types include confirmed letters of credit, standby letters of credit, and transferable letters of credit, each serving different purposes in international trade and finance. Additionally, there are specific types designed for particular transactions, such as export and import letters of credit. Each type offers varying levels of security and obligations for the parties involved.


WHEN IS LC REQUIRED?

What do you mean by the term LC and when it is used


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What does lc mean in os symbols?

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What does LC stand for in LC connector?

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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


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What amo is used in taraus the judge?

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What does LC mean?

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