REVOLVING VS EVERGREEN LC: IMPORTANT DISTINCTIONS AND WHEN TO USE EACH AND EVERY FOR VERY LONG-TIME PERIOD CONTRACTS

Key Heading SubtopicsH1: Revolving vs Evergreen LC: Key Variations and When to employ Each for Extended-Phrase Contracts -H2: Introduction to Letters of Credit rating in Lengthy-Term Trade - Why LCs Are Employed in Extended Agreements- The Function of Predictability in Supply ContractsH2: What is a Revolving Letter of Credit rating? - Definition- H