Which of the Following Is Not an Advantage to the Exporter

Which of the following is not an advantage to the exporter of L/C financing?

A) an L/C eliminates credit risk if the bank that opens it is of undoubted standing
B) an L/C reduces the danger that payment will be delayed or withheld due to exchange controls or other political acts
C) payment is only in compliance with the L/C's stipulated conditions
D) an L/C guards against pre-shipment risk such as order cancellation