What is an irrevocable letter of credit? If a credit is not spe

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What is an irrevocable letter of credit? If a credit is not specified as revocable or irrevocable,what type should it be regarded as?
【正确答案】:Irrevocable letter of credit is the credit that cannot be amended or revoked without the consent of all the parties concerned. If a credit is not specified as revocable or irrevocable, it should be regarded as an irrevocable credit.

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