EXPLORATION OF CONFIRMED, TRANSFERABLE, AND STANDBY L/CS

IntroductionLetters of Credit (L/Cs) are essential monetary devices in Global trade, furnishing stability and assurance to events involved in cross-border transactions. Between the various kinds of L/Cs, verified, transferable, and standby L/Cs play specific and essential roles in facilitating trade.Being familiar with Different Types of L/CsConfir