EXPLORATION OF VERIFIED, TRANSFERABLE, AND STANDBY L/CS

IntroductionLetters of Credit (L/Cs) are important money instruments in international trade, offering stability and assurance to functions linked to cross-border transactions. Amongst the assorted forms of L/Cs, confirmed, transferable, and standby L/Cs play certain and vital roles in facilitating trade.Comprehending Different Types of L/CsVerified