EXPLORATION OF CONFIRMED, TRANSFERABLE, AND STANDBY L/CS

IntroductionLetters of Credit history (L/Cs) are crucial fiscal instruments in international trade, offering security and assurance to get-togethers involved in cross-border transactions. Amid the assorted different types of L/Cs, confirmed, transferable, and standby L/Cs Engage in distinct and essential roles in facilitating trade.Comprehension Di