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.
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.
What do you mean by the term LC and when it is used
LC full form Lucent connector
The equation used to calculate the resonant frequency of an LC circuit is: f 1 / (2(LC)), where f is the resonant frequency, L is the inductance of the circuit, and C is the capacitance of the circuit.
In OS symbols, "lc" typically represents the line command, which is used to display the line count of a file. The "lc" command is commonly used in Unix-like operating systems to quickly determine the number of lines in a text file.
LC stands for Lucent Connectors
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
LC for 30,60,90,or 120 days is called Usanse LC
what is lc opening?
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.
45 LC and 410 shotgun
lc = learning centre