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Is there anyone who used Revocable LC? If yes, why it is being used?

As per my understanding, revocable negotiable LC usage is almost null, but I just wanted to know if someone might have used for some special purpose ?? 

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تم إضافة السؤال من قبل Shibin Thandam Parambil , Logistics Officer , Maxell Group
تاريخ النشر: 2017/04/15
shibu joseph
من قبل shibu joseph , Trade Finance Executive , Concorde – Corodex Group of Companies

Revocable LC will nto be preferred as it is considdred as one man show. Irrevocable LC is commonly used

Shaji Kanikulangara
من قبل Shaji Kanikulangara , Procurement Officer , Interprogetti contract

Irrivocable LC are using commonly

Balkrishna More
من قبل Balkrishna More , Credit Controller , First Video Communications FZ LLC

Dear All,

As per latest UCP 600, effective from July 2007, Revocable LC is not in effect to reduce trade adjustments.

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