Types of Letter of credit

There are various types of letter of credit (LC) used in the trade transactions. Some of them may be defined by their purpose. They are Commercial, Export / Import, Transferable and Non-Transferable, Revocable and Irrevocable, Stand-by, Confirmed and Unconfirmed, Revolving, Back to Back, Red Clause, Green Clause, Sight, Deferred Payment, and Direct Pay LC.

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#Letter_of_credit #types_of_letter_of_credit #commercial_Lc #Export_LC #Import_LC #revocable_LC #non-revocable_lc #transferable_lc

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