EXPLORATION OF CONFIRMED, TRANSFERABLE, AND STANDBY L/CS

IntroductionLetters of Credit (L/Cs) are crucial economic devices in international trade, providing protection and assurance to get-togethers associated with cross-border transactions. Amongst the assorted different types of L/Cs, confirmed, transferable, and standby L/Cs Participate in certain and important roles in facilitating trade.Knowing Diff