Revocable
A revocable letter of credit can be amended or cancelled at any time by the importer without the exporter’s agreement (unless documents have been taken up by the nominated bank). Little protection is offered to the exporter with a revocable credit and they are rarely seen...
back-to-back letter
compliant documents
confirmed letter
creditcredit value
exporter’s agreement
finance purchases
irrevocable
letter
letter ofcredit
regular shipments
revocable credit
revocable letter
revolving letter
standbylettersstandbylettersofcredit
third party suppliers
transferable letter
type ofcredit
types
types of letter ofcredit
unconfirmed letter