EXPLORATION OF VERIFIED, TRANSFERABLE, AND STANDBY L/CS

IntroductionLetters of Credit (L/Cs) are vital financial instruments in Worldwide trade, providing safety and assurance to events involved in cross-border transactions. Amongst the assorted varieties of L/Cs, confirmed, transferable, and standby L/Cs play unique and very important roles in facilitating trade.Understanding Differing kinds of L/CsVer