Exploration of Confirmed, Transferable, and Standby L/Cs
IntroductionLetters of Credit (L/Cs) are critical economical devices in international trade, furnishing protection and assurance to parties involved with cross-border transactions. Amongst the varied varieties of L/Cs, verified, transferable, and standby L/Cs Perform precise and vital roles in facilitating trade.Understanding Differing types of L/C