EXPLORATION OF VERIFIED, TRANSFERABLE, AND STANDBY L/CS

IntroductionLetters of Credit (L/Cs) are necessary financial devices in Global trade, furnishing protection and assurance to get-togethers involved with cross-border transactions. Amongst the varied forms of L/Cs, confirmed, transferable, and standby L/Cs Enjoy distinct and essential roles in facilitating trade.Comprehending Differing kinds of L/Cs