IntroductionLetters of Credit (L/Cs) are essential fiscal instruments in Global trade, supplying safety and assurance to get-togethers involved with cross-border transactions. Amid the assorted forms of L/Cs, verified, transferable, and standby L/Cs Participate in distinct and critical roles in facilitating trade.Knowing Different Types of L/CsConf

IntroductionLetters of Credit (L/Cs) are important economical instruments in Global trade, providing safety and assurance to functions associated with cross-border transactions. Amid the assorted sorts of L/Cs, confirmed, transferable, and standby L/Cs play specific and very important roles in facilitating trade.Comprehending Differing types of L/C