A confirmed irrevocable letter of credit is issued by the importer's bank and confirmed by a bank usually in the exporter's country.

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A confirmed irrevocable letter of credit adds an extra layer of security for the exporter, as it is guaranteed not only by the importer's bank but also by a second bank, typically in the exporter's country, ensuring payment under the letter of credit if the importer's bank fails to fulfill its obligations.

A Confirmed Irrevocable Letter of Credit Is Issued by the Importer's