What types of letters of credit are available for importing and exporting?
Last Updated: 01 Sep 2016
An ASB international business expert can help you understand which of the different types of letters of credit might be best for your situation. Note: the importer’s bank issues various types of letters of credit. Options include:
- Irrevocable documentary letter of credit
- Transferable documentary letters of credit
- Standby letter of credit
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