EXPLORATION OF VERIFIED, TRANSFERABLE, AND STANDBY L/CS

IntroductionLetters of Credit (L/Cs) are necessary monetary instruments in Global trade, providing security and assurance to parties involved in cross-border transactions. Amongst the assorted forms of L/Cs, confirmed, transferable, and standby L/Cs Engage in distinct and critical roles in facilitating trade.Being familiar with Differing kinds of L