EXPLORATION OF VERIFIED, TRANSFERABLE, AND STANDBY L/CS

IntroductionLetters of Credit (L/Cs) are necessary monetary instruments in Intercontinental trade, providing stability and assurance to functions associated with cross-border transactions. Amongst the assorted forms of L/Cs, confirmed, transferable, and standby L/Cs Engage in distinct and important roles in facilitating trade.Comprehending Differin