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At sight LC:
At sight LC means payment will be paid when recieved the original documents from bank for release the product.
Deferred LC:
Exporter payment to importer after selling the goods .It makes 30 days , 60 days , 90 days and 120 days .It depends on Exporter s importers negotiation.
# local back to back LC:
Back to back lc is separate form master export lc ; though the BTB lc is issued backed by / secured by master lc.
* l/c issued by local bank is called local BTB L/c *L/C issued by foreign bank is called foreign L/C.

What is LC?
A letter of LC is a payment term generally used for international sales transactions.It is basically a mechanism , which allows importers / buyers to offer secure terms of payment to expoerters / sellers in which a bank gets involved.