EXPLORATION OF CONFIRMED, TRANSFERABLE, AND STANDBY L/CS

IntroductionLetters of Credit history (L/Cs) are essential fiscal devices in Intercontinental trade, providing protection and assurance to get-togethers involved in cross-border transactions. Amongst the different varieties of L/Cs, confirmed, transferable, and standby L/Cs play unique and important roles in facilitating trade.Being familiar with D