EXPLORATION OF VERIFIED, TRANSFERABLE, AND STANDBY L/CS

IntroductionLetters of Credit (L/Cs) are necessary monetary devices in Global trade, furnishing safety and assurance to functions involved with cross-border transactions. Between the assorted sorts of L/Cs, confirmed, transferable, and standby L/Cs play distinct and critical roles in facilitating trade.Comprehension Differing types of L/CsConfirmed