EXPLORATION OF VERIFIED, TRANSFERABLE, AND STANDBY L/CS

IntroductionLetters of Credit (L/Cs) are vital money instruments in Global trade, giving stability and assurance to parties involved with cross-border transactions. Between the varied types of L/Cs, verified, transferable, and standby L/Cs Engage in particular and vital roles in facilitating trade.Understanding Differing kinds of L/CsConfirmed L/Cs