EXPLORATION OF CONFIRMED, TRANSFERABLE, AND STANDBY L/CS

IntroductionLetters of Credit (L/Cs) are important money instruments in Global trade, offering stability and assurance to functions associated with cross-border transactions. Among the assorted types of L/Cs, verified, transferable, and standby L/Cs Engage in distinct and vital roles in facilitating trade.Being familiar with Differing types of L/Cs