EXPLORATION OF CONFIRMED, TRANSFERABLE, AND STANDBY L/CS

IntroductionLetters of Credit (L/Cs) are critical economical devices in Intercontinental trade, giving security and assurance to parties involved with cross-border transactions. Amid the various sorts of L/Cs, confirmed, transferable, and standby L/Cs play specific and essential roles in facilitating trade.Understanding Different Types of L/CsVerif