EXPLORATION OF CONFIRMED, TRANSFERABLE, AND STANDBY L/CS

IntroductionLetters of Credit (L/Cs) are critical financial devices in Intercontinental trade, supplying stability and assurance to get-togethers involved with cross-border transactions. Between the assorted forms of L/Cs, confirmed, transferable, and standby L/Cs Participate in unique and very important roles in facilitating trade.Understanding Di