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Simplifying different Types of LC in One Table here: https://www.instagram.com/p/Ct-49JksSqr/ (Follow us in Instagram For More Such Content)
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Which type of LC allows the beneficiary to receive an advance payment before shipping the goods?
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17%
Revocable LC
43%
Red Clause LC
19%
Usance LC
21%
Confirmed LC
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A Comprehensive Guide to Understanding Different Types of Letters of Credit (LC)
Letters of Credit (LC) play a crucial role in international trade, providing a secure payment mechanism for buyers and sellers. There are various types of LCs, each tailored to meet specific trade requirements and provide financial security.
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PIK Bonds Decoded : Did You Know This Earlier
Did you know that there's a fascinating type of bond that allows issuers to make interest payments using additional bonds instead of cash? It's called a Payment-in-Kind (PIK) bond. Let's explore this distinctive financing tool that offers flexibility and…
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