IntroductionLetters of Credit (L/Cs) are necessary economical devices in international trade, furnishing safety and assurance to get-togethers involved with cross-border transactions. Among the the varied different types of L/Cs, confirmed, transferable, and standby L/Cs Enjoy particular and vital roles in facilitating trade.Comprehending Differing

IntroductionLetters of Credit (L/Cs) are crucial monetary devices in Worldwide trade, supplying safety and assurance to functions involved in cross-border transactions. Among the assorted forms of L/Cs, confirmed, transferable, and standby L/Cs Perform specific and important roles in facilitating trade.Being familiar with Differing kinds of L/CsCon