EXPLORATION OF CONFIRMED, TRANSFERABLE, AND STANDBY L/CS

IntroductionLetters of Credit history (L/Cs) are essential monetary instruments in international trade, supplying safety and assurance to functions linked to cross-border transactions. Among the various forms of L/Cs, confirmed, transferable, and standby L/Cs play unique and important roles in facilitating trade.Comprehension Differing kinds of L/C