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Revolving Letter of Credit

Revolving Letter of Credit

Revolving letter of credit is a special type of letter of credit, which is not covered under the UCP 600 rules. Contrary to popular belief,...
What are the Differences Between Standby Letters of Credit and Commercial Letters of Credit?

What are the Differences Between Standby Letters of Credit and Commercial Letters of Credit?

Standby letters of credit and commercial letters of credit are two main documentary credit types used in international trade transactions. A standby letter of credit...
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