EXPLORATION OF CONFIRMED, TRANSFERABLE, AND STANDBY L/CS

IntroductionLetters of Credit (L/Cs) are vital monetary instruments in Intercontinental trade, offering protection and assurance to get-togethers involved in cross-border transactions. Amongst the different types of L/Cs, confirmed, transferable, and standby L/Cs play certain and crucial roles in facilitating trade.Being familiar with Different Typ