EXPLORATION OF CONFIRMED, TRANSFERABLE, AND STANDBY L/CS

IntroductionLetters of Credit (L/Cs) are important monetary devices in Worldwide trade, offering stability and assurance to events linked to cross-border transactions. Amid the various sorts of L/Cs, confirmed, transferable, and standby L/Cs Enjoy particular and very important roles in facilitating trade.Comprehension Different Types of L/CsConfirm