What is the difference betweeen an Import and Export LC?

Question

What is the difference betweeen an Import and Export LC?

Answer 1

export means to send something from one place to another.,............

for ex. India export wheat to U.S.

import means to bring something from one place to another.

for ex ...Iran import petrol to India

Answer 2

anything u send out of your country is export.

any thing u get from other countries to ur country is Import.

L.C is dealt with banks. "letter of credit".  IN other words,  your banks guarantee other party for payments after receipt of bill of landing.