EXPLORATION OF CONFIRMED, TRANSFERABLE, AND STANDBY L/CS

IntroductionLetters of Credit (L/Cs) are essential financial instruments in international trade, delivering safety and assurance to events associated with cross-border transactions. Among the assorted types of L/Cs, verified, transferable, and standby L/Cs play unique and vital roles in facilitating trade.Knowing Differing kinds of L/CsVerified L/C