EXPLORATION OF VERIFIED, TRANSFERABLE, AND STANDBY L/CS

IntroductionLetters of Credit (L/Cs) are essential economic instruments in Worldwide trade, furnishing security and assurance to get-togethers associated with cross-border transactions. Among the different different types of L/Cs, confirmed, transferable, and standby L/Cs Enjoy specific and important roles in facilitating trade.Comprehension Differ