EXPLORATION OF VERIFIED, TRANSFERABLE, AND STANDBY L/CS

IntroductionLetters of Credit history (L/Cs) are necessary monetary devices in international trade, furnishing safety and assurance to events involved in cross-border transactions. Among the various types of L/Cs, verified, transferable, and standby L/Cs play unique and crucial roles in facilitating trade.Knowledge Differing types of L/CsConfirmed