Revocable letter of credit) is the issuing bank can not agree upon the beneficiary, and without prior notice to the beneficiary, the negotiating bank for negotiation before the right to cancel or modify the letter of credit. Lack of protection for the beneficiaries of this credit, so rarely used in

) can be irrevocable letter of credit is the issuing bank may, without approval of the beneficiary, without prior notice to the beneficiary Bank, NEG has the right to cancel or amend before the letters of credit. Such letters to the beneficiaries, and therefore lack of safeguards are not often used

May abolish the letter of credit) is refers to the card bank to be possible not to agree after the beneficiary, also does not need to inform the beneficiary beforehand, in front of negotiating bank negotiation is authorized to cancel or the revision letter of credit as necessary.This kind of letter

Revocable letter of credit) refers to the issuing bank can without the beneficiary agrees, without prior notification to the beneficiary, before the negotiation Bank for negotiation has the right to cancel or modify the letter of credit. This letter of credit to the beneficiary no protection, so are

Revocable letter of credit) refers to the issuing bank can without the beneficiary agrees, without prior notification to the beneficiary, before the negotiation Bank for negotiation has the right to cancel or modify the letter of credit. This letter of credit to the beneficiary no protection, so are