EXPLORATION OF CONFIRMED, TRANSFERABLE, AND STANDBY L/CS

IntroductionLetters of Credit score (L/Cs) are crucial money devices in Global trade, furnishing stability and assurance to functions involved with cross-border transactions. Amid the assorted varieties of L/Cs, confirmed, transferable, and standby L/Cs play unique and important roles in facilitating trade.Being familiar with Differing kinds of L/C