EXPLORATION OF CONFIRMED, TRANSFERABLE, AND STANDBY L/CS

IntroductionLetters of Credit (L/Cs) are vital money devices in Global trade, giving safety and assurance to get-togethers involved with cross-border transactions. Among the various types of L/Cs, confirmed, transferable, and standby L/Cs Participate in unique and very important roles in facilitating trade.Understanding Differing types of L/CsVerif