IN red clause letter of credit the applicant(buyer)authorizes the confirming bank or any other nominated bank to pay a specified amount to the beneficiary.this clause was traditionally wriiten in red so it was called as red caluse letter of credit. this type of lc would part finance the middle men r the dealers of the beneficiary and the buyer may be willing to have concessions on his pament. this type of lc is hevily used in fur industry in China & Australia .
LC stands for Lucent Connectors
LC for 30,60,90,or 120 days is called Usanse LC
what is lc opening?
lc = learning centre
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.
LC is Letter of credit
What do you mean by the term LC and when it is used
LC Perú was created in 1993.
Geely LC was created in 2009.
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.
LC business be TAX EXEMPT NO NOT POSSIBLE FOR ANY TYPE OF LC BUSINESS TO BE TAX EXEMPT.