EXPLORATION OF VERIFIED, TRANSFERABLE, AND STANDBY L/CS

IntroductionLetters of Credit (L/Cs) are vital monetary instruments in Worldwide trade, giving security and assurance to parties involved in cross-border transactions. Amongst the different sorts of L/Cs, confirmed, transferable, and standby L/Cs Participate in certain and vital roles in facilitating trade.Knowing Differing kinds of L/CsConfirmed L