Some buyers like to pay by an irrevocable LC at sight to ensure that the goods arrive. Your dealer should be prepared and willing to accept this as a payment instrument as a matter of course. If your dealer is not willing to accept an LC then they are not a competent exporter and should be avoided. The industry standard is that you will be asked to pay a 25-50% down payment up front by TT Transfer and the balance by an LC. 100% LC’s are not normally workable for the supplier and should be avoided.