What is a letter of credit

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Reference no: EM133216675

What is a letter of credit?

What is the difference between revocable, irrevocable and conformed irrevocable letter of credit?

Which is the financial document used in a letter of credit?

Further, why would the documents under a letter of credit be rejected?

Finally, what is the role of the paying bank under a letter of credit?

Reference no: EM133216675

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