EXPLORATION OF CONFIRMED, TRANSFERABLE, AND STANDBY L/CS

IntroductionLetters of Credit (L/Cs) are crucial money instruments in Global trade, providing protection and assurance to events involved with cross-border transactions. Amid the different types of L/Cs, confirmed, transferable, and standby L/Cs Perform precise and critical roles in facilitating trade.Comprehension Different Types of L/CsConfirmed