PROJECT FINANCE OVERVIEW

Letters of Credit: What Are The Different Types

Documentary Letters of Credit (DLC) Documentary Letters of Credit (DLC) are the most commonly used type of letter of credit in global trade. These can be issued as either revocable or irrevocable: Revocable Documentary Letters of Credit Irrevocable Documentary Letters of Credit Confirmed or Unconfirmed Documentary Letters of Credit Irrevocable DLCs can be issued as …