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As per my understanding, revocable negotiable LC usage is almost null, but I just wanted to know if someone might have used for some special purpose ??
Revocable LC will nto be preferred as it is considdred as one man show. Irrevocable LC is commonly used
Irrivocable LC are using commonly
Dear All,
As per latest UCP 600, effective from July 2007, Revocable LC is not in effect to reduce trade adjustments.
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