EXPLORATION OF CONFIRMED, TRANSFERABLE, AND STANDBY L/CS

IntroductionLetters of Credit rating (L/Cs) are essential economic instruments in international trade, delivering safety and assurance to functions involved in cross-border transactions. Among the varied types of L/Cs, verified, transferable, and standby L/Cs Perform distinct and essential roles in facilitating trade.Knowing Differing kinds of L/Cs