EXPLORATION OF VERIFIED, TRANSFERABLE, AND STANDBY L/CS

IntroductionLetters of Credit score (L/Cs) are critical money instruments in Intercontinental trade, delivering stability and assurance to parties involved in cross-border transactions. Amongst the assorted varieties of L/Cs, verified, transferable, and standby L/Cs play particular and vital roles in facilitating trade.Comprehending Differing kinds