EXPLORATION OF CONFIRMED, TRANSFERABLE, AND STANDBY L/CS

IntroductionLetters of Credit (L/Cs) are crucial financial devices in Intercontinental trade, supplying security and assurance to get-togethers involved with cross-border transactions. Amid the various kinds of L/Cs, confirmed, transferable, and standby L/Cs play unique and important roles in facilitating trade.Knowledge Different Types of L/CsConf