DOCUMENTARY CREDIT

Introduction

Mechanism

With One Intervening Bank

With Two Intervening Banks

Types of Documentary Credits

According to the Type of Agreement

Revocable Credit

Unconfirmed Irrevocable Credit

Confirmed Irrevocable Credit

According to how it is Realized

Payment

Acceptance

Negotiation

Special Forms of Documentary Credits

Revolving Credit

Transferable Credit

Back to Back Credit

Red Clause Credit