EXPLORATION OF CONFIRMED, TRANSFERABLE, AND STANDBY L/CS

IntroductionLetters of Credit rating (L/Cs) are essential economical devices in Global trade, offering safety and assurance to parties involved with cross-border transactions. Amongst the varied types of L/Cs, confirmed, transferable, and standby L/Cs Participate in particular and crucial roles in facilitating trade.Knowledge Differing types of L/C