What are the types of Letters of Credit?

Question added by OUBAICHE ZAHIRA , Finance Manager , HYFLUX
Date Posted: 2015/11/24

Upvote (0) Views (6) Followers (2) Answers (2) Report Question

by Muhammad Zohaib , Contracts & Commercial Manager , Al Salaf Trading Contracting & Services W.L.L

Usance, At Sight, Divisible, Assignable, Non Transferable, Unencumbered, Revocable and irrevocable, transferable, Standby, deferred LC

The types of letters of credit are, transferable , red clause, standby , commercial, irrevocable, revolving, revocable.

Difference between standby letter of credit and demand guarantee?
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How does an import letter of credit work in international trade transactions?
Top Answer: In a very breif and precise wording, Letter of credit is mitigating the risk of all parts concern and sha ... See More

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Difference between standby letter of credit and bank guarantee?
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What is the importance of LC or Letter of Credit?
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