Q. Discuss the different types of Letters of credit?
Types: i. Revocable Letter of credit ii. Irrevocable Letter of credit iii. Deferred payment Letter of credit iv. Confirmed Letter of credit v. Unconfirmed Letter of credit  vi. Transferable Letter of credit  vii. Revocable Letter of credit  viii. Back to Back Letter of credit ix. Anticipatory Letter of credit.