EXPLORATION OF CONFIRMED, TRANSFERABLE, AND STANDBY L/CS

IntroductionLetters of Credit (L/Cs) are essential monetary devices in Intercontinental trade, supplying protection and assurance to functions involved with cross-border transactions. Amid the assorted varieties of L/Cs, verified, transferable, and standby L/Cs Perform specific and vital roles in facilitating trade.Comprehending Different Types of