EXPLORATION OF CONFIRMED, TRANSFERABLE, AND STANDBY L/CS

IntroductionLetters of Credit score (L/Cs) are vital monetary instruments in Intercontinental trade, offering stability and assurance to parties linked to cross-border transactions. Among the the varied different types of L/Cs, confirmed, transferable, and standby L/Cs Perform unique and vital roles in facilitating trade.Being familiar with Differe