International Payment, SWIFT (Society for world wide Inter bank Telecommunication system), Letter of Credit, LC,    Types of LC, 

?Revocable credit

? Irrevocable credit

? Payment credit

? Deferred payment credit

? Acceptance credit

? Negotiation credit

?Confirmed credit

? Revolving credit

? Instalment credit

? Transferable credit

? Back-to-back credit

? Anticipatory credit

? Stand-by credit