EXPLORATION OF CONFIRMED, TRANSFERABLE, AND STANDBY L/CS

IntroductionLetters of Credit rating (L/Cs) are vital economic devices in international trade, furnishing safety and assurance to events linked to cross-border transactions. Amongst the assorted forms of L/Cs, confirmed, transferable, and standby L/Cs Enjoy unique and crucial roles in facilitating trade.Knowing Different Types of L/CsConfirmed L/Cs