EXPLORATION OF VERIFIED, TRANSFERABLE, AND STANDBY L/CS

IntroductionLetters of Credit (L/Cs) are vital monetary devices in Intercontinental trade, delivering stability and assurance to parties involved in cross-border transactions. Amid the different types of L/Cs, verified, transferable, and standby L/Cs play certain and important roles in facilitating trade.Comprehending Different Types of L/CsConfirm