EXPLORATION OF CONFIRMED, TRANSFERABLE, AND STANDBY L/CS

IntroductionLetters of Credit history (L/Cs) are critical economic instruments in Worldwide trade, giving security and assurance to parties associated with cross-border transactions. Amid the varied types of L/Cs, confirmed, transferable, and standby L/Cs Participate in distinct and critical roles in facilitating trade.Knowing Differing kinds of L/