EXPLORATION OF CONFIRMED, TRANSFERABLE, AND STANDBY L/CS

IntroductionLetters of Credit rating (L/Cs) are crucial monetary devices in Intercontinental trade, supplying protection and assurance to get-togethers involved in cross-border transactions. Between the assorted different types of L/Cs, confirmed, transferable, and standby L/Cs Enjoy distinct and critical roles in facilitating trade.Comprehension D