EXPLORATION OF CONFIRMED, TRANSFERABLE, AND STANDBY L/CS

IntroductionLetters of Credit history (L/Cs) are critical monetary devices in Global trade, offering security and assurance to parties involved in cross-border transactions. Amongst the assorted forms of L/Cs, confirmed, transferable, and standby L/Cs Engage in distinct and important roles in facilitating trade.Understanding Differing kinds of L/Cs