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What are the different types of LC?
Different types of Letter of Credit:
1) Revocable Letter of Credit
2) Irrevocable Letter of Credit
3) Confirmed Irrevocable Letter of Credit
4) Transferable Letter of Credit
5) Revolving Letter of Credit
6) Credit available by installments
7) Back to Back Letter of Credit
8) Anticipatory Credit or Red Clause
9) Green Clause Letter of Credit
10) Deferred Payment Letter of Credit
11) Standby Letter of Credit
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