EXPLORATION OF VERIFIED, TRANSFERABLE, AND STANDBY L/CS

IntroductionLetters of Credit rating (L/Cs) are important financial devices in Intercontinental trade, providing stability and assurance to functions associated with cross-border transactions. Amid the assorted different types of L/Cs, verified, transferable, and standby L/Cs Enjoy unique and critical roles in facilitating trade.Comprehension Diffe