Explain these types of letter of credit, Project Management

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Explain these types of letter of credit

Explain these types of letter of credit: revocable/irrevocable, confirmed/unconfirmed. Under what sets of circumstances would exporters use the following methods of payment:

(a) revocable letter of credit;

(b) confirmed letter of credit;

(d) time draft (i.e. bill of exchange)?

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Project Management: Explain these types of letter of credit

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