EXPLORATION OF CONFIRMED, TRANSFERABLE, AND STANDBY L/CS

IntroductionLetters of Credit (L/Cs) are critical fiscal instruments in Worldwide trade, providing security and assurance to get-togethers linked to cross-border transactions. Among the the different sorts of L/Cs, confirmed, transferable, and standby L/Cs Engage in particular and essential roles in facilitating trade.Comprehending Different Types