EXPLORATION OF CONFIRMED, TRANSFERABLE, AND STANDBY L/CS

IntroductionLetters of Credit (L/Cs) are important fiscal instruments in international trade, supplying safety and assurance to get-togethers involved with cross-border transactions. Amid the various types of L/Cs, confirmed, transferable, and standby L/Cs play specific and crucial roles in facilitating trade.Understanding Differing kinds of L/CsCo