EXPLORATION OF CONFIRMED, TRANSFERABLE, AND STANDBY L/CS

IntroductionLetters of Credit (L/Cs) are vital monetary instruments in Global trade, providing protection and assurance to parties involved in cross-border transactions. Amongst the different forms of L/Cs, confirmed, transferable, and standby L/Cs Perform precise and important roles in facilitating trade.Comprehending Different Types of L/CsConfir