IntroductionLetters of Credit history (L/Cs) are important economic devices in Global trade, providing protection and assurance to parties associated with cross-border transactions. Amid the varied forms of L/Cs, confirmed, transferable, and standby L/Cs Perform particular and essential roles in facilitating trade.Comprehending Differing kinds of L

IntroductionLetters of Credit score (L/Cs) are necessary economical devices in Intercontinental trade, providing security and assurance to get-togethers associated with cross-border transactions. Amid the assorted kinds of L/Cs, verified, transferable, and standby L/Cs Engage in certain and crucial roles in facilitating trade.Understanding Differin