EXPLORATION OF CONFIRMED, TRANSFERABLE, AND STANDBY L/CS

IntroductionLetters of Credit (L/Cs) are crucial fiscal instruments in international trade, supplying stability and assurance to get-togethers involved with cross-border transactions. Amid the various forms of L/Cs, confirmed, transferable, and standby L/Cs Enjoy precise and vital roles in facilitating trade.Knowing Differing kinds of L/CsConfirmed