EXPLORATION OF VERIFIED, TRANSFERABLE, AND STANDBY L/CS

IntroductionLetters of Credit (L/Cs) are important economic devices in Global trade, giving safety and assurance to parties linked to cross-border transactions. Amid the various different types of L/Cs, confirmed, transferable, and standby L/Cs play unique and vital roles in facilitating trade.Comprehending Differing kinds of L/CsConfirmed L/CsA co