EXPLORATION OF CONFIRMED, TRANSFERABLE, AND STANDBY L/CS

IntroductionLetters of Credit rating (L/Cs) are vital money instruments in Global trade, giving security and assurance to parties linked to cross-border transactions. Amid the different forms of L/Cs, confirmed, transferable, and standby L/Cs Engage in distinct and essential roles in facilitating trade.Comprehending Differing types of L/CsConfirmed