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
credit
credit value
exporter’s agreement
finance purchases
irrevocable
letter
letter of credit
regular shipments
revocable credit
revocable letter
revolving letter
standby letters
standby letters of credit
thirdpartysuppliers
transferable letter
type of credit
types
types of letter of credit
unconfirmed letter