0 0
Letter Of credit
Post 1 of 13
what is the difference between a L/C & Site L/C?

Award 10 MVPs ( What's this? )for the best answer.
22 Jun 2009 11:46
Post 2 of 13
notebook007
offline
No Company Website yet
Overall Ranking MVP:416 Rank:471
L/C means Letter of Credit.It's the most common form of payment during international trade.
but I don't know much about Site L/C,I need someone to help me too.[em9]
25 Jun 2009 21:34
Post 3 of 13
I think you mean sight L/C, this means by declaring the right documents, those have been stated in the letter, you will get paid. but read the letter carefully and ask your bank or chamber of comerce for more details. Good luck !![em20]
30 Jun 2009 04:26
Post 4 of 13
and there are many types of L/C, always the best way is to get consultaned by your bank or chamber of comerce. Irrevocable L/C is the safest way I know, but as I told there many types of L/C best tarde is T/T

good luck !!![em20]
30 Jun 2009 04:29
Post 5 of 13
L/C as the frequently-used payment.also means Bank assuing payment.Only you do as the L/C required,present all the document to Bank,you will get paid,maybe need sometime before paid(Usance L/C).Sight L/C means once documents presented to Bankand confirmed,you will get payment right away.
05 Jul 2009 20:37
Post 6 of 13
L/C (letter of credit) at sight is duly confirmed by bank to pay you 100% money once you submit right documents which comply with terms and conditions of L/C. Just Read L/C carefully and prepare documents accordingly. Good Luck.
15 Jul 2009 21:31
Post 7 of 13
I also need somebody to tell me what is the site L/C.[em2]
20 Jul 2009 18:55
Post 8 of 13
LC - Letter of Credit is the safest way to do international trade. But you have to read carefully all the terms & condition & if you present your documents as per condition the buyer Bank must will give u the payment very soon after get the documents. Good luck!!!
21 Jul 2009 00:34
Post 9 of 13
There are two kins of L/C, letter of credit.
At sight L/C means that bank of certificate of payment for buyer should be paid immediatly if there are not error in documents.
Usance L/C means that you can receive payment after Usance days.
28 Jul 2009 20:30
Post 10 of 13
100% Irrevocable Letter of credit (L/C) at sight is safe way for business transaction both for buyer and seller in International business.
25 Aug 2009 23:54
Post 11 of 13
None of these guys answered your question! Or your question is vague. How i comprehend it you want to know the difference between the 2 so There is no difference in Sight L/C and L/C it is the same thing understood. once you say L/C it is understood as Sight unless specified to be Usuance (D/A = Draft against acceptance) for so many days. [em22]
16 Sep 2009 20:53
Email this page Bookmark this page